Metro Performance Correlations

MPP Stock

0.04 0.01 21.21%

The correlation of Metro Performance 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.

Metro Performance Correlation With Market

Good diversification

The correlation between Metro Performance Glass 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 Metro Performance Glass and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Metro Stock

0.47	PKD	Parkd	Pair Corr
0.46	RHC	Ramsay Health Care	Pair Corr
0.42	NTI	Neurotech International	Pair Corr
0.37	EXR	Elixir Energy	Pair Corr
0.31	NET	Netlinkz	Pair Corr

Related Correlations Analysis

	ATM	BHP	RIO	CBAPI	CBAPJ	CBAPG	CBAPH	CBA
ATM		-0.2	-0.47	-0.55	-0.4	0.0	0.0	0.57	ATM
BHP	-0.2		0.8	0.43	0.46	0.0	0.0	-0.04	BHP
RIO	-0.47	0.8		0.72	0.74	0.0	0.0	-0.46	RIO
CBAPI	-0.55	0.43	0.72		0.63	0.0	0.0	-0.59	CBAPI
CBAPJ	-0.4	0.46	0.74	0.63		0.0	0.0	-0.32	CBAPJ
CBAPG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CBAPG
CBAPH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CBAPH
CBA	0.57	-0.04	-0.46	-0.59	-0.32	0.0	0.0		CBA
	ATM	BHP	RIO	CBAPI	CBAPJ	CBAPG	CBAPH	CBA

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

RIO	+ 0.8	BHP
CBAPJ	+ 0.74	RIO
CBAPI	+ 0.72	RIO
CBAPJ	+ 0.63	CBAPI
CBA	+ 0.57	ATM
CBAPJ	+ 0.46	BHP

High negative correlations

CBA	- 0.59	CBAPI
CBAPI	- 0.55	ATM
RIO	- 0.47	ATM
CBA	- 0.46	RIO
CBAPJ	- 0.4	ATM
CBA	- 0.32	CBAPJ

Risk-Adjusted Indicators

There is a big difference between Metro Stock performing well and Metro Performance 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 Metro Performance'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
ATM	1.47	(0.12)	0.00	0.54	0.00	0.00	4.17	(5.41)	14.69
BHP	1.10	0.13	0.08	0.23	1.28	(1.20)	2.29	(2.49)	7.27
RIO	1.09	0.30	0.18	0.52	1.13	(1.18)	2.30	(2.41)	6.83
CBAPI	0.19	0.02	(0.21)	(0.17)	0.18	(0.22)	0.42	(0.39)	1.25
CBAPJ	0.13	0.01	(0.40)	(0.13)	0.07	(0.15)	0.36	(0.25)	1.08
CBAPG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBAPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBA	1.02	(0.05)	0.00	(0.10)	0.00	0.00	2.15	(1.87)	9.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Metro Performance 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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Metro Performance Corporate Management

Elected by the shareholders, the Metro Performance's board of directors comprises two types of representatives: Metro Performance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Metro. The board's role is to monitor Metro Performance's management team and ensure that shareholders' interests are well served. Metro Performance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Metro Performance's outside directors are responsible for providing unbiased perspectives on the board's policies.

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