MPC Container Correlations

MPZZF Stock

USD 2.25 0.14 6.64%

The current 90-days correlation between MPC Container Ships and Turk Hava Yollari is 0.17 (i.e., Average diversification). The correlation of MPC Container 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.

MPC Container Correlation With Market

Poor diversification

The correlation between MPC Container Ships and DJI is 0.68 (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 Pink Sheet

0.74	HLAGF	Hapag-Lloyd Aktiengesellscha	Pair Corr
0.71	AMKBY	AP Moeller Maersk	Pair Corr
0.65	AMKBF	AP Mller	Pair Corr
0.65	AMKAF	AP Moeller	Pair Corr
0.67	NPNYY	Nippon Yusen Kabushiki	Pair Corr
0.72	EC	Ecopetrol SA ADR Earnings Call This Week	Pair Corr
0.73	NNBR	NN Inc	Pair Corr
0.84	ACDC	ProFrac Holding Corp	Pair Corr
0.82	CP	Canadian Pacific Railway	Pair Corr
0.78	CTRE	CareTrust REIT	Pair Corr
0.71	WZZZY	Wizz Air Holdings	Pair Corr
0.7	OFSTF	Carbon Streaming Corp	Pair Corr
0.89	PLOW	Douglas Dynamics Earnings Call This Week	Pair Corr
0.82	CASY	Caseys General Stores	Pair Corr
0.74	WTFC	Wintrust Financial	Pair Corr
0.61	PSA-PS	Public Storage	Pair Corr
0.65	CIM	Chimera Investment	Pair Corr
0.7	MLSPF	Melrose Industries PLC Earnings Call This Week	Pair Corr
0.65	DTNOF	Dno ASA	Pair Corr
0.83	OXINF	Oxford Instruments plc	Pair Corr
0.82	FKKFY	Fukuoka Financial	Pair Corr

Moving against MPC Pink Sheet

0.74	OROVF	Orient Overseas	Pair Corr
0.44	PTAIF	PT Astra International	Pair Corr
0.66	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	KAIKY	OROVF	SITIF	OROVY	CSDXF	DLAKF	TKHVY
KAIKY		-0.39	0.39	0.61	0.36	0.1	0.45	KAIKY
OROVF	-0.39		-0.68	-0.43	-0.86	-0.43	-0.84	OROVF
SITIF	0.39	-0.68		0.4	0.58	0.5	0.71	SITIF
OROVY	0.61	-0.43	0.4		0.36	-0.09	0.36	OROVY
CSDXF	0.36	-0.86	0.58	0.36		0.36	0.84	CSDXF
DLAKF	0.1	-0.43	0.5	-0.09	0.36		0.56	DLAKF
TKHVY	0.45	-0.84	0.71	0.36	0.84	0.56		TKHVY
	KAIKY	OROVF	SITIF	OROVY	CSDXF	DLAKF	TKHVY

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

TKHVY	+ 0.84	CSDXF
TKHVY	+ 0.71	SITIF
OROVY	+ 0.61	KAIKY
CSDXF	+ 0.58	SITIF
TKHVY	+ 0.56	DLAKF
DLAKF	+ 0.5	SITIF

High negative correlations

CSDXF	- 0.86	OROVF
TKHVY	- 0.84	OROVF
SITIF	- 0.68	OROVF
DLAKF	- 0.43	OROVF
OROVY	- 0.43	OROVF
OROVF	- 0.39	KAIKY

Risk-Adjusted Indicators

There is a big difference between MPC Pink Sheet 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
KAIKY	0.86	0.12	0.00	2.02	0.00	0.00	0.69	0.00	18.36
OROVF	0.19	(0.09)	0.00	0.44	0.00	0.00	0.00	0.00	4.07
SITIF	1.04	0.19	0.01	(0.19)	1.43	(3.00)	3.21	(4.05)	13.30
OROVY	0.42	0.05	0.00	(1.56)	0.00	0.00	0.67	0.00	9.88
CSDXF	4.82	2.36	0.00	(1.46)	0.00	0.00	0.79	0.00	133.03
DLAKF	2.37	0.47	0.05	(0.49)	2.93	(4.76)	9.11	(7.80)	24.37
TKHVY	0.86	0.33	0.00	21.55	0.00	0.00	3.49	0.00	12.37

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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