MPC Container Correlations

MPCC Stock

NOK 17.80 0.15 0.85%

The current 90-days correlation between MPC Container Ships and Odfjell SE is 0.55 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MPC Container moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MPC Container Ships moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MPC Container Correlation With Market

Poor diversification

The correlation between MPC Container Ships and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MPC Container Ships and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MPC Stock

0.77	WWIB	Wilh Wilhelmsen Holding	Pair Corr
0.71	HAUTO	Hoegh Autoliners ASA	Pair Corr
0.66	OET	Okeanis Eco Tankers	Pair Corr
0.8	KCC	Klaveness Combination	Pair Corr
0.68	NHY	Norsk Hydro ASA	Pair Corr
0.69	ELK	Elkem ASA	Pair Corr
0.63	OSUN	Ocean Sun As	Pair Corr
0.63	AFG	AF Gruppen ASA	Pair Corr
0.66	AKSO	Aker Solutions ASA	Pair Corr

Moving against MPC Stock

0.53

TEL

Telenor ASA

Pair Corr

Related Correlations Analysis

	ODF	SOFF	AFK	OET	SNTIA	KCC	HSHP	BONHR	2020	JIN
ODF		0.67	0.66	0.81	-0.12	0.88	0.73	0.7	0.9	-0.31	ODF
SOFF	0.67		0.79	0.48	0.12	0.64	0.3	0.72	0.58	-0.56	SOFF
AFK	0.66	0.79		0.55	0.0	0.69	0.49	0.66	0.63	-0.43	AFK
OET	0.81	0.48	0.55		-0.32	0.66	0.53	0.35	0.69	-0.2	OET
SNTIA	-0.12	0.12	0.0	-0.32		-0.01	0.02	0.07	-0.08	0.03	SNTIA
KCC	0.88	0.64	0.69	0.66	-0.01		0.77	0.79	0.86	-0.27	KCC
HSHP	0.73	0.3	0.49	0.53	0.02	0.77		0.65	0.86	-0.1	HSHP
BONHR	0.7	0.72	0.66	0.35	0.07	0.79	0.65		0.81	-0.41	BONHR
2020	0.9	0.58	0.63	0.69	-0.08	0.86	0.86	0.81		-0.29	2020
JIN	-0.31	-0.56	-0.43	-0.2	0.03	-0.27	-0.1	-0.41	-0.29		JIN
	ODF	SOFF	AFK	OET	SNTIA	KCC	HSHP	BONHR	2020	JIN

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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

2020	+ 0.9	ODF
KCC	+ 0.88	ODF
2020	+ 0.86	KCC
2020	+ 0.86	HSHP
OET	+ 0.81	ODF
2020	+ 0.81	BONHR

High negative correlations

JIN	- 0.56	SOFF
JIN	- 0.43	AFK
JIN	- 0.41	BONHR
SNTIA	- 0.32	OET
JIN	- 0.31	ODF
JIN	- 0.29	2020

Risk-Adjusted Indicators

There is a big difference between MPC Stock performing well and MPC Container 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 MPC Container'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
ODF	1.27	0.29	0.11	15.81	1.51	(1.36)	3.10	(2.74)	9.13
SOFF	1.41	0.27	0.09	(0.56)	1.64	(1.51)	3.08	(2.63)	8.49
AFK	1.17	0.32	0.16	(7.92)	1.03	(1.66)	3.08	(1.85)	7.14
OET	1.87	0.34	0.11	5.89	2.12	(2.00)	3.85	(4.37)	11.63
SNTIA	1.09	(0.01)	0.00	0.22	0.00	0.00	2.29	(2.58)	6.07
KCC	1.11	0.32	0.20	3.13	0.95	(1.28)	3.24	(1.76)	7.31
HSHP	1.80	0.36	0.13	(2.70)	1.94	(2.09)	3.53	(3.15)	14.32
BONHR	1.04	0.26	0.20	1.21	0.69	(1.42)	2.42	(1.57)	9.82
2020	0.85	0.16	0.08	(3.29)	0.94	(0.98)	1.90	(1.58)	7.03
JIN	1.52	(0.03)	0.00	0.31	0.00	0.00	3.18	(3.10)	13.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in MPC Container 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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