Murano Global Correlations

MRNO Stock

11.01 0.08 0.73%

The current 90-days correlation between Murano Global Investments and Federal Home Loan is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Murano Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murano Global Investments moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Murano Global Correlation With Market

Modest diversification

The correlation between Murano Global Investments and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Murano Global Investments 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 Murano Global Investments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Murano Stock

0.67

MITT-PC

AG Mortgage Investment Earnings Call This Week

Pair Corr

Moving against Murano Stock

0.58	UE	Urban Edge Properties	Pair Corr
0.47	MDV	Modiv Inc	Pair Corr
0.44	KW	Kennedy Wilson Holdings Earnings Call This Week	Pair Corr
0.43	OZ	Belpointe PREP LLC	Pair Corr
0.32	ADC-PA	Agree Realty	Pair Corr
0.63	WHLR	Wheeler Real Estate	Pair Corr
0.58	ABR	Arbor Realty Trust	Pair Corr
0.5	AHH	Armada Hflr Pr Earnings Call This Week	Pair Corr
0.47	ESRT	Empire State Realty Earnings Call This Week	Pair Corr
0.47	FISK	Empire State Realty	Pair Corr
0.44	ESBA	Empire State Realty	Pair Corr
0.44	EXPI	eXp World Holdings Earnings Call This Week	Pair Corr
0.41	AAT	American Assets Trust	Pair Corr
0.31	EPRT	Essential Properties	Pair Corr
0.31	ADC	Agree Realty	Pair Corr

Related Correlations Analysis

	CMWAY	JUVF	FMCKO	ALTG	BBDC	MGRC	GNL-PD
CMWAY		0.18	-0.28	0.6	0.71	0.63	0.46	CMWAY
JUVF	0.18		-0.05	0.22	0.0	-0.07	0.04	JUVF
FMCKO	-0.28	-0.05		-0.5	0.03	-0.24	0.06	FMCKO
ALTG	0.6	0.22	-0.5		0.48	0.71	0.31	ALTG
BBDC	0.71	0.0	0.03	0.48		0.76	0.57	BBDC
MGRC	0.63	-0.07	-0.24	0.71	0.76		0.51	MGRC
GNL-PD	0.46	0.04	0.06	0.31	0.57	0.51		GNL-PD
	CMWAY	JUVF	FMCKO	ALTG	BBDC	MGRC	GNL-PD

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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

MGRC	+ 0.76	BBDC
BBDC	+ 0.71	CMWAY
MGRC	+ 0.71	ALTG
MGRC	+ 0.63	CMWAY
ALTG	+ 0.6	CMWAY
GNL-PD	+ 0.57	BBDC

High negative correlations

ALTG	- 0.5	FMCKO
FMCKO	- 0.28	CMWAY
MGRC	- 0.24	FMCKO
MGRC	- 0.07	JUVF
FMCKO	- 0.05	JUVF
BBDC	- 0.0	JUVF

Risk-Adjusted Indicators

There is a big difference between Murano Stock performing well and Murano Global 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 Murano Global'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
CMWAY	1.15	0.10	0.06	0.19	1.52	(1.16)	2.14	(2.29)	7.39
JUVF	1.86	0.10	0.04	(0.14)	2.32	(1.97)	4.07	(3.62)	12.96
FMCKO	1.89	0.44	0.17	6.50	1.85	(2.50)	4.70	(3.49)	17.48
ALTG	2.56	(0.05)	0.00	(0.03)	0.00	0.00	5.70	(5.48)	16.61
BBDC	0.64	0.11	0.11	0.39	0.63	(0.66)	1.51	(1.26)	4.86
MGRC	0.89	0.01	0.00	0.01	1.46	(0.79)	1.41	(2.41)	6.15
GNL-PD	1.03	(0.03)	0.00	(0.06)	0.00	0.00	1.84	(2.60)	8.25

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