Morguard Correlations

MRCBF Stock

USD 83.45 0.00 0.00%

The correlation of Morguard 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.

Morguard Correlation With Market

Average diversification

The correlation between Morguard and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morguard and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Morguard Pink Sheet

0.65

OPINL

Office Properties Income

Pair Corr

Moving against Morguard Pink Sheet

0.81	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.74	KYOCF	Kyocera	Pair Corr
0.52	HMDCF	HUTCHMED Limited	Pair Corr
0.41	DNGFF	Dongfang ElectricLimited	Pair Corr
0.36	HE	Hawaiian Electric	Pair Corr
0.33	BLAGF	Blue Lagoon Resources	Pair Corr
0.31	CSCO	Cisco Systems	Pair Corr
0.85	SMGKF	Smiths Group plc	Pair Corr
0.7	STAG	STAG Industrial	Pair Corr
0.64	ADC	Agree Realty	Pair Corr
0.47	EOLS	Evolus Inc	Pair Corr
0.46	EGP	EastGroup Properties	Pair Corr
0.44	FEMY	Femasys	Pair Corr
0.42	68233JBP8	US68233JBP84	Pair Corr
0.38	PII	Polaris Industries	Pair Corr

Related Correlations Analysis

	MGAWF	SZNTF	EVGPF	SIOPF	GRMHF	AGPYF	YLDGY	CAOYF	IGPYF	TIACF
MGAWF		0.0	0.07	0.0	0.02	-0.02	0.02	0.0	0.04	-0.02	MGAWF
SZNTF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SZNTF
EVGPF	0.07	0.0		0.0	0.23	-0.27	0.22	0.0	0.51	-0.31	EVGPF
SIOPF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SIOPF
GRMHF	0.02	0.0	0.23	0.0		-0.1	0.14	0.0	0.51	-0.2	GRMHF
AGPYF	-0.02	0.0	-0.27	0.0	-0.1		0.07	0.0	-0.29	0.32	AGPYF
YLDGY	0.02	0.0	0.22	0.0	0.14	0.07		0.0	0.49	-0.55	YLDGY
CAOYF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CAOYF
IGPYF	0.04	0.0	0.51	0.0	0.51	-0.29	0.49	0.0		-0.69	IGPYF
TIACF	-0.02	0.0	-0.31	0.0	-0.2	0.32	-0.55	0.0	-0.69		TIACF
	MGAWF	SZNTF	EVGPF	SIOPF	GRMHF	AGPYF	YLDGY	CAOYF	IGPYF	TIACF

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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

IGPYF	+ 0.51	EVGPF
IGPYF	+ 0.51	GRMHF
IGPYF	+ 0.49	YLDGY
TIACF	+ 0.32	AGPYF
GRMHF	+ 0.23	EVGPF
YLDGY	+ 0.22	EVGPF

High negative correlations

TIACF	- 0.69	IGPYF
TIACF	- 0.55	YLDGY
TIACF	- 0.31	EVGPF
IGPYF	- 0.29	AGPYF
AGPYF	- 0.27	EVGPF
TIACF	- 0.2	GRMHF

Risk-Adjusted Indicators

There is a big difference between Morguard Pink Sheet performing well and Morguard 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 Morguard'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MGAWF	13.29	3.99	18.43	37.23	(19.12)	56.36
SZNTF	0.00	0.00	0.00	0.00	0.00	0.00
EVGPF	3.16	1.52	1.62	0.00	0.00	105.76
SIOPF	0.00	0.00	0.00	0.00	0.00	0.00
GRMHF	0.56	0.06	(1.16)	0.00	0.00	16.67
AGPYF	2.82	(1.46)	20.89	0.00	0.00	62.50
YLDGY	0.72	(0.11)	0.26	0.00	0.00	23.75
CAOYF	0.00	0.00	0.00	0.00	0.00	0.00
IGPYF	0.21	0.11	(0.89)	0.00	0.00	2.99
TIACF	0.52	(0.34)	(0.29)	0.00	0.00	17.39

Morguard Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Morguard pink sheet to make a market-neutral strategy. Peer analysis of Morguard could also be used in its relative valuation, which is a method of valuing Morguard by comparing valuation metrics with similar companies.

Megaworld Shenzhen Investment Limited Evergrande Property Services Shimao Property Holdings Greentown Management Holdings Agile Group Holdings Yanlord Land Group China Aoyuan Group Argosy Property Limited Tian An China American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Morguard Corporate Management

FCA FCGA	Chairman CEO	Profile
John Talano	VP Management	Profile
David Wyatt	VP MIL	Profile
Gordon Vollmer	Ex Limited	Profile
Scott MacDonald	Ex Limited	Profile
Angela Sahi	Ex Director	Profile
LLB LLB	Gen VP	Profile

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