Monument Circle Correlations
The current 90-days correlation between Monument Circle Acqu and Park Ohio Holdings is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monument Circle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monument Circle Acquisition moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Monument Circle Correlation With Market
Good diversification
The correlation between Monument Circle Acquisition and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monument Circle Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Monument |
Moving together with Monument Stock
| 0.62 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.81 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Monument Stock
| 0.93 | FNMA | Federal National Mortgage | PairCorr |
| 0.8 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.75 | AMZN | Amazon Inc | PairCorr |
| 0.74 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.69 | GOOG | Alphabet Class C | PairCorr |
| 0.57 | NVDA | NVIDIA | PairCorr |
| 0.32 | HD | Home Depot | PairCorr |
| 0.83 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.82 | DIS | Walt Disney | PairCorr |
| 0.69 | WMT | Walmart Aggressive Push | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.62 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | CSCO | Cisco Systems | PairCorr |
| 0.57 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.45 | HPQ | HP Inc | PairCorr |
| 0.35 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.31 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Monument Stock performing well and Monument Circle Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Monument Circle's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZNAE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PKOH | 1.64 | (0.08) | 0.04 | 0.07 | 1.87 | 2.93 | 19.17 | |||
| RELX | 0.89 | (0.07) | 0.00 | (0.09) | 0.00 | 1.78 | 5.13 | |||
| GFF | 1.73 | 0.23 | 0.15 | 0.23 | 1.70 | 3.91 | 22.83 | |||
| BEDU | 2.62 | 0.10 | 0.00 | (5.07) | 3.20 | 5.56 | 18.70 | |||
| FMC | 1.41 | (0.16) | 0.00 | (0.26) | 0.00 | 2.86 | 16.03 | |||
| COUR | 2.03 | (0.20) | 0.00 | 1.57 | 0.00 | 3.56 | 19.52 | |||
| EDTK | 2.93 | (0.07) | 0.00 | 0.33 | 0.00 | 6.25 | 13.80 |
Monument Circle Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Monument Circle stock to make a market-neutral strategy. Peer analysis of Monument Circle could also be used in its relative valuation, which is a method of valuing Monument Circle by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Monument Circle Corporate Management
| Jeffrey Smulyan | Chairman CEO | Profile | |
| Patrick Walsh | COO Pres | Profile | |
| Thomas Rupe | Sr Devel | Profile | |
| Ryan Hornaday | CFO VP | Profile | |
| Scott Esq | Gen VP | Profile |
Still Interested in Monument Circle Acquisition?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.