MP Materials Correlations

MP Stock

USD 58.77 3.39 5.45%

The current 90-days correlation between MP Materials Corp and Harmony Gold Mining is 0.43 (i.e., Very weak diversification). The correlation of MP Materials 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.

MP Materials Correlation With Market

Weak diversification

The correlation between MP Materials Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MP Materials Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MP Materials Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MP Materials Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with MP Materials Stock

0.62	GLDG	GoldMining	Pair Corr
0.62	TI	Titan Mining Corp Split	Pair Corr

Related Correlations Analysis

	HMY	CDE	AA	EQX	ALB	JHX	SUZ	RGLD	WLK	MOS
HMY		0.87	0.87	0.95	0.94	0.75	0.8	0.96	0.78	0.25	HMY
CDE	0.87		0.84	0.76	0.88	0.91	0.88	0.93	0.88	0.64	CDE
AA	0.87	0.84		0.79	0.92	0.81	0.89	0.91	0.88	0.32	AA
EQX	0.95	0.76	0.79		0.91	0.59	0.71	0.9	0.63	0.08	EQX
ALB	0.94	0.88	0.92	0.91		0.77	0.87	0.97	0.79	0.3	ALB
JHX	0.75	0.91	0.81	0.59	0.77		0.85	0.82	0.93	0.64	JHX
SUZ	0.8	0.88	0.89	0.71	0.87	0.85		0.89	0.85	0.47	SUZ
RGLD	0.96	0.93	0.91	0.9	0.97	0.82	0.89		0.84	0.41	RGLD
WLK	0.78	0.88	0.88	0.63	0.79	0.93	0.85	0.84		0.59	WLK
MOS	0.25	0.64	0.32	0.08	0.3	0.64	0.47	0.41	0.59		MOS
	HMY	CDE	AA	EQX	ALB	JHX	SUZ	RGLD	WLK	MOS

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Risk-Adjusted Indicators

There is a big difference between MP Materials Stock performing well and MP Materials 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 MP Materials' 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
HMY	2.78	0.39	0.11	0.23	3.70	(2.93)	6.39	(5.83)	15.03
CDE	3.29	0.22	0.06	0.12	4.41	(3.71)	6.67	(5.71)	16.58
AA	2.65	0.52	0.18	0.30	2.69	(3.07)	6.40	(5.54)	14.55
EQX	2.62	0.49	0.13	1.01	3.32	(2.84)	7.15	(5.39)	16.32
ALB	2.60	0.89	0.24	0.85	2.87	(2.81)	6.48	(5.81)	14.41
JHX	1.71	0.04	0.02	0.06	2.43	(1.76)	4.42	(3.65)	10.38
SUZ	1.07	0.07	0.03	0.31	1.13	(1.35)	1.99	(1.79)	9.66
RGLD	1.80	0.58	0.22	0.48	2.13	(1.98)	4.51	(3.06)	9.64
WLK	2.16	(0.03)	0.00	0.02	2.68	(2.20)	4.69	(4.13)	11.29
MOS	1.79	(0.10)	0.00	(0.12)	0.00	0.00	4.05	(4.97)	11.69

MP Materials Corporate Management

James JD	Pres Chairman	Profile
Zachary Lehman	Chief Officer	Profile
Andrew Mcknight	Independent Director	Profile
Todd Litinsky	Executive Planning	Profile
Sheila Bangalore	General Counsel and Chief Strategy Officer	Profile
Randall Weisenburger	Independent Director	Profile

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