Moonpig Group Correlations

MOON Stock

246.50 0.50 0.20%

The current 90-days correlation between Moonpig Group PLC and Gamma Communications PLC is 0.02 (i.e., Significant diversification). The correlation of Moonpig Group 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.

Moonpig Group Correlation With Market

Modest diversification

The correlation between Moonpig Group PLC and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moonpig Group PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Moonpig Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moonpig Group 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 Moonpig Group - 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 Moonpig Group PLC to buy it.

Moving against Moonpig Stock

0.87	RIGD	Reliance Industries	Pair Corr
0.76	SMSD	Samsung Electronics	Pair Corr
0.75	SMSN	Samsung Electronics	Pair Corr
0.75	HYUD	Hyundai Motor	Pair Corr

Related Correlations Analysis

	GAMA	0N7I	BNKR	ZEG	DEMG	MNKS	0H9X	CREO
GAMA		0.03	-0.03	0.25	-0.16	-0.01	0.23	0.0	GAMA
0N7I	0.03		0.43	0.04	-0.36	0.42	0.39	-0.51	0N7I
BNKR	-0.03	0.43		-0.43	-0.76	0.95	0.67	-0.8	BNKR
ZEG	0.25	0.04	-0.43		0.56	-0.57	-0.55	0.55	ZEG
DEMG	-0.16	-0.36	-0.76	0.56		-0.86	-0.81	0.88	DEMG
MNKS	-0.01	0.42	0.95	-0.57	-0.86		0.76	-0.86	MNKS
0H9X	0.23	0.39	0.67	-0.55	-0.81	0.76		-0.72	0H9X
CREO	0.0	-0.51	-0.8	0.55	0.88	-0.86	-0.72		CREO
	GAMA	0N7I	BNKR	ZEG	DEMG	MNKS	0H9X	CREO

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

MNKS	+ 0.95	BNKR
CREO	+ 0.88	DEMG
0H9X	+ 0.76	MNKS
0H9X	+ 0.67	BNKR
DEMG	+ 0.56	ZEG
CREO	+ 0.55	ZEG

High negative correlations

CREO	- 0.86	MNKS
MNKS	- 0.86	DEMG
0H9X	- 0.81	DEMG
CREO	- 0.8	BNKR
DEMG	- 0.76	BNKR
CREO	- 0.72	0H9X

Risk-Adjusted Indicators

There is a big difference between Moonpig Stock performing well and Moonpig Group 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 Moonpig Group'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
GAMA	1.06	0.06	(0.04)	1.80	1.18	(1.24)	1.59	(1.96)	16.38
0N7I	1.12	0.09	0.02	0.32	1.07	(1.34)	2.68	(1.83)	4.70
BNKR	0.58	(0.03)	(0.12)	0.06	0.73	(0.57)	1.12	(0.90)	2.90
ZEG	1.40	(0.08)	0.00	0.44	0.00	0.00	2.76	(2.82)	14.66
DEMG	1.63	(0.87)	0.00	(1.74)	0.00	0.00	0.00	(7.69)	13.64
MNKS	0.71	0.06	(0.01)	0.26	0.68	(0.88)	1.72	(1.34)	4.05
0H9X	1.23	0.28	0.12	0.78	1.32	(1.32)	3.13	(2.26)	10.59
CREO	2.22	(0.79)	0.00	(12.06)	0.00	0.00	3.33	(7.08)	23.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Moonpig Group 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.

Did you try this?

Run Portfolio Anywhere Now

Portfolio Anywhere

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC