Mannatech Incorporated Correlations

MTEX Stock

USD 7.65 0.20 2.68%

The current 90-days correlation between Mannatech Incorporated and Skillful Craftsman Education is -0.16 (i.e., Good diversification). The correlation of Mannatech Incorporated 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.

Mannatech Incorporated Correlation With Market

Excellent diversification

The correlation between Mannatech Incorporated and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mannatech Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mannatech Stock

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

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

Moving together with Mannatech Stock

0.71	KG	Kestrel Group Symbol Change	Pair Corr
0.64	MMM	3M Company	Pair Corr

Moving against Mannatech Stock

0.9	LION	Lionsgate Studios Holding	Pair Corr
0.8	BA	Boeing	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.68	CUB	Lionheart Holdings	Pair Corr
0.62	DOX	Amdocs	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.61	DIS	Walt Disney Sell-off Trend	Pair Corr
0.6	CVX	Chevron Corp	Pair Corr
0.57	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.57	INTC	Intel Aggressive Push	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.54	GE	GE Aerospace	Pair Corr
0.44	JNJ	Johnson Johnson	Pair Corr
0.44	MRK	Merck Company Aggressive Push	Pair Corr
0.4	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EDTK	NAII	MWYN	BTOG	WVVI	AACG	BEDU	BTCT	PHH
EDTK		0.05	-0.19	-0.08	-0.69	0.71	-0.5	-0.02	0.0	EDTK
NAII	0.05		0.1	-0.71	0.24	-0.16	0.38	-0.56	0.0	NAII
MWYN	-0.19	0.1		0.19	0.31	-0.13	0.17	0.37	0.0	MWYN
BTOG	-0.08	-0.71	0.19		-0.19	0.24	-0.13	0.87	0.0	BTOG
WVVI	-0.69	0.24	0.31	-0.19		-0.82	0.31	-0.14	0.0	WVVI
AACG	0.71	-0.16	-0.13	0.24	-0.82		-0.24	0.27	0.0	AACG
BEDU	-0.5	0.38	0.17	-0.13	0.31	-0.24		-0.04	0.0	BEDU
BTCT	-0.02	-0.56	0.37	0.87	-0.14	0.27	-0.04		0.0	BTCT
PHH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PHH
	EDTK	NAII	MWYN	BTOG	WVVI	AACG	BEDU	BTCT	PHH

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

BTCT	+ 0.87	BTOG
AACG	+ 0.71	EDTK
BEDU	+ 0.38	NAII
BTCT	+ 0.37	MWYN
WVVI	+ 0.31	MWYN
BEDU	+ 0.31	WVVI

High negative correlations

AACG	- 0.82	WVVI
BTOG	- 0.71	NAII
WVVI	- 0.69	EDTK
BTCT	- 0.56	NAII
BEDU	- 0.5	EDTK
BEDU	- 0.24	AACG

Risk-Adjusted Indicators

There is a big difference between Mannatech Stock performing well and Mannatech Incorporated 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 Mannatech Incorporated'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
EDTK	1.98	(0.07)	0.00	(0.29)	0.00	0.00	4.12	(4.76)	12.61
NAII	3.20	0.51	0.12	(2.00)	3.40	(3.44)	6.54	(5.65)	28.68
MWYN	3.35	(0.30)	0.00	(0.11)	0.00	0.00	7.50	(7.87)	29.68
BTOG	5.44	(2.78)	0.00	(1.84)	0.00	0.00	7.75	(13.91)	52.92
WVVI	2.54	0.08	0.00	(0.03)	3.60	(2.54)	5.81	(4.08)	22.81
AACG	4.18	(0.29)	0.00	(0.19)	0.00	0.00	8.89	(8.64)	21.76
BEDU	1.42	0.52	0.17	(0.56)	1.38	(2.16)	3.72	(2.24)	21.46
BTCT	3.88	(0.86)	0.00	(0.35)	0.00	0.00	7.39	(6.98)	31.86
PHH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Mannatech Incorporated Corporate Management

James CPA	Chief Officer	Profile
Erin Barta	General Secretary	Profile
Diane Barton	Controller	Profile
Steve Nugent	Chief Board	Profile
David Johnson	Principal Accounting and Principal Financial Officer, Chief Accounting Officer and Controller	Profile
Sergio Medina	Managing Bus	Profile

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