Marine Products Correlations

MPX Stock

USD 9.84 0.28 2.93%

The current 90-days correlation between Marine Products and MCBC Holdings is 0.62 (i.e., Poor diversification). The correlation of Marine Products 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.

Marine Products Correlation With Market

Very weak diversification

The correlation between Marine Products and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marine Products and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marine Products. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Marine Stock please use our How to Invest in Marine Products guide.

Moving together with Marine Stock

0.64	AS	Amer Sports,	Pair Corr
0.78	BC	Brunswick	Pair Corr
0.73	RL	Ralph Lauren Corp	Pair Corr
0.63	BZH	Beazer Homes USA	Pair Corr
0.66	GIL	Gildan Activewear	Pair Corr
0.79	KTB	Kontoor Brands	Pair Corr

Moving against Marine Stock

0.61	FEBO	Fenbo Holdings	Pair Corr
0.56	VMAR	Vision Marine Techno Fiscal Year End 25th of November 2024	Pair Corr
0.48	EZGO	EZGO Technologies	Pair Corr
0.47	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.48	CRI	Carters	Pair Corr
0.34	DHI	DR Horton	Pair Corr
0.59	ZGN	Ermenegildo Zegna	Pair Corr
0.37	JXJT	JX Luxventure Limited	Pair Corr
0.36	SKX	Skechers USA	Pair Corr
0.31	LANV	Lanvin Group Holdings	Pair Corr

Related Correlations Analysis

	THO	DOOO	BC	EZGO	PII	LCII	MCFT	WGO	MBUU
THO		-0.33	0.74	-0.42	-0.15	0.57	0.35	0.7	0.59	THO
DOOO	-0.33		-0.3	0.64	0.86	0.25	-0.14	-0.04	-0.81	DOOO
BC	0.74	-0.3		-0.27	0.06	0.74	0.18	0.52	0.67	BC
EZGO	-0.42	0.64	-0.27		0.64	0.11	-0.48	-0.3	-0.58	EZGO
PII	-0.15	0.86	0.06	0.64		0.56	-0.35	-0.04	-0.57	PII
LCII	0.57	0.25	0.74	0.11	0.56		0.03	0.48	0.17	LCII
MCFT	0.35	-0.14	0.18	-0.48	-0.35	0.03		0.71	0.14	MCFT
WGO	0.7	-0.04	0.52	-0.3	-0.04	0.48	0.71		0.32	WGO
MBUU	0.59	-0.81	0.67	-0.58	-0.57	0.17	0.14	0.32		MBUU
	THO	DOOO	BC	EZGO	PII	LCII	MCFT	WGO	MBUU

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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

PII	+ 0.86	DOOO
BC	+ 0.74	THO
LCII	+ 0.74	BC
WGO	+ 0.71	MCFT
WGO	+ 0.7	THO
MBUU	+ 0.67	BC

High negative correlations

MBUU	- 0.81	DOOO
MBUU	- 0.58	EZGO
MBUU	- 0.57	PII
MCFT	- 0.48	EZGO
EZGO	- 0.42	THO
MCFT	- 0.35	PII

Risk-Adjusted Indicators

There is a big difference between Marine Stock performing well and Marine Products 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 Marine Products' 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
THO	1.64	(0.01)	0.02	0.08	1.87	(1.82)	4.29	(2.77)	10.61
DOOO	1.61	(0.62)	0.00	(0.57)	0.00	0.00	2.15	(4.08)	13.51
BC	1.55	(0.07)	0.00	0.05	1.67	(1.68)	3.84	(2.82)	8.89
EZGO	4.33	(0.09)	0.00	(80.26)	0.00	0.00	13.28	(7.27)	31.43
PII	1.53	(0.43)	0.00	(0.26)	0.00	0.00	3.10	(3.06)	14.62
LCII	1.68	(0.09)	(0.01)	0.04	2.09	(1.71)	3.85	(3.74)	9.65
MCFT	1.93	(0.13)	0.03	0.05	2.09	(2.27)	4.13	(3.53)	28.49
WGO	1.80	(0.14)	(0.01)	0.02	2.50	(1.98)	3.89	(3.71)	15.47
MBUU	1.89	0.18	0.09	0.23	1.94	(2.24)	4.07	(3.49)	11.17

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