Mondi Plc Correlations

MONDY Stock

USD 24.58 0.04 0.16%

The current 90-days correlation between Mondi plc and Oji Holdings Corp is -0.03 (i.e., Good diversification). The correlation of Mondi Plc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mondi Plc Correlation With Market

Very poor diversification

The correlation between Mondi plc and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mondi plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Mondi Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mondi Plc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mondi Plc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mondi plc to buy it.

Moving together with Mondi Pink Sheet

0.81	KLBN4	Klabin SA Split	Pair Corr
0.76	UPMKF	UPM Kymmene Oyj	Pair Corr
0.84	UPMMY	UPM Kymmene Oyj	Pair Corr
0.86	SEOAY	Stora Enso Oyj	Pair Corr
0.75	SUZ	Suzano Papel e Earnings Call This Week	Pair Corr
0.83	SEOJF	Stora Enso Oyj	Pair Corr
0.63	MSB	Mesabi Trust	Pair Corr
0.84	PACS	PACS Group	Pair Corr
0.85	FNCHF	FINEOSHoldings Plc	Pair Corr
0.65	MLI	Mueller Industries	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.64	AZNCF	AstraZeneca PLC Earnings Call This Week	Pair Corr
0.63	GRDN	Guardian Pharmacy	Pair Corr
0.75	SVNLY	Svenska Handelsbanken	Pair Corr
0.72	AS	Amer Sports	Pair Corr
0.62	HZLIF	Hertz Lithium	Pair Corr
0.87	PFSB	Pennfed Financial	Pair Corr
0.88	UBS	UBS Group AG	Pair Corr

Moving against Mondi Pink Sheet

0.64	53225HAA8	LIGADO NETWORKS LLC	Pair Corr
0.62	NTNX	Nutanix	Pair Corr
0.5	BIGGQ	Big Lots,	Pair Corr

Related Correlations Analysis

	OJIPY	OJIPF	COIHF	MITUY	SOMMY	COIHY	TOSCF	XYIGY	NNCHY	VLPNF
OJIPY		0.0	-0.68	0.36	-0.03	0.41	0.0	-0.28	0.57	0.0	OJIPY
OJIPF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OJIPF
COIHF	-0.68	0.0		-0.54	-0.04	-0.43	0.0	0.2	-0.54	0.0	COIHF
MITUY	0.36	0.0	-0.54		0.5	0.63	0.0	0.27	0.46	0.0	MITUY
SOMMY	-0.03	0.0	-0.04	0.5		0.39	0.0	0.51	-0.05	0.0	SOMMY
COIHY	0.41	0.0	-0.43	0.63	0.39		0.0	0.16	0.37	0.0	COIHY
TOSCF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TOSCF
XYIGY	-0.28	0.0	0.2	0.27	0.51	0.16	0.0		-0.32	0.0	XYIGY
NNCHY	0.57	0.0	-0.54	0.46	-0.05	0.37	0.0	-0.32		0.0	NNCHY
VLPNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VLPNF
	OJIPY	OJIPF	COIHF	MITUY	SOMMY	COIHY	TOSCF	XYIGY	NNCHY	VLPNF

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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

COIHY	+ 0.63	MITUY
NNCHY	+ 0.57	OJIPY
XYIGY	+ 0.51	SOMMY
SOMMY	+ 0.5	MITUY
NNCHY	+ 0.46	MITUY
COIHY	+ 0.41	OJIPY

High negative correlations

COIHF	- 0.68	OJIPY
NNCHY	- 0.54	COIHF
MITUY	- 0.54	COIHF
COIHY	- 0.43	COIHF
NNCHY	- 0.32	XYIGY
XYIGY	- 0.28	OJIPY

Risk-Adjusted Indicators

There is a big difference between Mondi Pink Sheet performing well and Mondi Plc 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 Mondi Plc'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
OJIPY	0.04	0.00	0.00	(0.01)	0.00	0.00	0.00	0.00	1.48
OJIPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COIHF	0.32	(0.10)	0.00	65.90	0.00	0.00	0.00	(1.71)	5.74
MITUY	0.68	0.18	0.00	(0.78)	0.00	0.00	0.00	0.00	13.84
SOMMY	1.78	0.24	0.09	2.75	1.80	(2.59)	3.69	(3.38)	10.31
COIHY	1.16	0.02	0.01	0.05	1.37	(1.25)	2.84	(2.59)	6.40
TOSCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XYIGY	1.72	0.26	0.05	(0.73)	2.09	(3.58)	6.86	(4.75)	17.60
NNCHY	2.08	0.01	0.00	0.48	3.12	(3.64)	4.33	(5.94)	25.02
VLPNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mondi Plc without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Mondi Plc Corporate Management

Markus Gartner	Chief Packaging	Profile
Kerry Cooper	Group Communication	Profile
Michael Hakes	Group Director	Profile
Michael Powell	Group Director	Profile
Thomas Ott	Chief Materials	Profile
Jrgen Schneider	Managing Components	Profile

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