Mega Matrix Correlations

MPU Stock

0.85 0.04 4.94%

The current 90-days correlation between Mega Matrix Corp and Mesa Air Group is -0.13 (i.e., Good diversification). The correlation of Mega Matrix 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.

Mega Matrix Correlation With Market

Very good diversification

The correlation between Mega Matrix Corp and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mega Matrix Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mega Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mega Matrix 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 employment.

Moving together with Mega Stock

0.74

INRN

Interroll Holding

Pair Corr

Moving against Mega Stock

0.73	HI	Hillenbrand	Pair Corr
0.67	0ACC	Accelleron Industries	Pair Corr
0.66	VATE	Innovate Corp	Pair Corr
0.55	IR	Ingersoll Rand	Pair Corr
0.54	OSG	OSG Corporation	Pair Corr
0.53	PL	Planet Labs PBC Aggressive Push	Pair Corr
0.51	PH	Parker Hannifin	Pair Corr
0.41	TE	T1 Energy Earnings Call This Week	Pair Corr
0.36	FUCA	FANUC PUNSPADR 110	Pair Corr
0.76	DZR	AVINGTRANS LS 05 Earnings Call This Week	Pair Corr
0.69	IMI1	IMI plc	Pair Corr
0.67	MBH3	Maschinenfabrik Berthold	Pair Corr
0.67	NVJP	Umicore SA Earnings Call Tomorrow	Pair Corr
0.58	CE3	Chongqing Machinery	Pair Corr
0.56	EAAS	Eenergy Group PLC	Pair Corr
0.52	STGN	Starrag Group Holding	Pair Corr
0.51	21T	Bodycote PLC	Pair Corr
0.42	HZ8	Insteel Industries	Pair Corr
0.41	KC4	KONE Oyj	Pair Corr
0.4	ALNSC	NSC Groupe SA	Pair Corr
0.38	JUN3	Jungheinrich AG ONVZO	Pair Corr
0.37	GCP	General Electric	Pair Corr
0.72	NDX1	Nordex SE Earnings Call This Week	Pair Corr
0.72	PFV	Pfeiffer Vacuum Tech	Pair Corr
0.63	QS2A	Smiths Group plc	Pair Corr
0.53	EPAC	Enerpac Tool Group	Pair Corr
0.53	EMR	Emerson Electric	Pair Corr
0.47	TWN	Twin Disc	Pair Corr

Related Correlations Analysis

	MESA	SST	OMEX	AIRT	SCWO	DPRO	GWH	PMEC	HTCO
MESA		-0.14	-0.37	0.02	0.32	0.17	-0.67	-0.56	-0.37	MESA
SST	-0.14		0.83	-0.72	-0.23	0.49	-0.14	0.62	-0.09	SST
OMEX	-0.37	0.83		-0.52	-0.15	0.47	0.1	0.75	0.16	OMEX
AIRT	0.02	-0.72	-0.52		0.59	-0.38	0.32	-0.38	0.34	AIRT
SCWO	0.32	-0.23	-0.15	0.59		0.18	-0.13	-0.34	-0.03	SCWO
DPRO	0.17	0.49	0.47	-0.38	0.18		-0.2	0.11	-0.04	DPRO
GWH	-0.67	-0.14	0.1	0.32	-0.13	-0.2		0.37	0.52	GWH
PMEC	-0.56	0.62	0.75	-0.38	-0.34	0.11	0.37		0.37	PMEC
HTCO	-0.37	-0.09	0.16	0.34	-0.03	-0.04	0.52	0.37		HTCO
	MESA	SST	OMEX	AIRT	SCWO	DPRO	GWH	PMEC	HTCO

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

OMEX	+ 0.83	SST
PMEC	+ 0.75	OMEX
PMEC	+ 0.62	SST
SCWO	+ 0.59	AIRT
HTCO	+ 0.52	GWH
DPRO	+ 0.49	SST

High negative correlations

AIRT	- 0.72	SST
GWH	- 0.67	MESA
PMEC	- 0.56	MESA
AIRT	- 0.52	OMEX
PMEC	- 0.38	AIRT
DPRO	- 0.38	AIRT

Risk-Adjusted Indicators

There is a big difference between Mega Stock performing well and Mega Matrix 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 Mega Matrix'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
MESA	2.58	0.35	0.08	(0.37)	3.05	(2.98)	6.11	(5.56)	16.91
SST	3.28	(0.11)	0.00	(0.07)	0.00	0.00	7.18	(6.72)	19.31
OMEX	4.23	(0.24)	0.00	(0.04)	0.00	0.00	9.04	(7.89)	30.16
AIRT	1.84	0.52	0.11	(9.26)	3.03	(1.90)	3.56	(3.66)	19.21
SCWO	6.26	0.43	0.06	0.17	8.60	(7.09)	19.32	(9.68)	45.42
DPRO	5.37	0.12	0.03	0.10	6.19	(5.83)	13.03	(9.44)	37.73
GWH	4.54	(1.45)	0.00	(0.38)	0.00	0.00	6.71	(10.19)	35.06
PMEC	3.46	(0.29)	0.00	(0.47)	0.00	0.00	6.86	(8.86)	28.97
HTCO	5.92	0.06	0.02	0.07	7.97	(6.16)	19.28	(11.44)	49.11

Mega Matrix Corporate Executives

Elected by the shareholders, the Mega Matrix's board of directors comprises two types of representatives: Mega Matrix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mega. The board's role is to monitor Mega Matrix's management team and ensure that shareholders' interests are well served. Mega Matrix'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, Mega Matrix's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Jie Ma	Treasurer CFO	Profile
	Qin Wang	Company CFO	Profile

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