Mannatech Incorporated Correlations
| MTEX Stock | USD 7.88 0.52 6.19% |
The current 90-days correlation between Mannatech Incorporated and European Wax Center is -0.25 (i.e., Very 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
Average diversification
The correlation between Mannatech Incorporated and DJI is 0.17 (i.e., Average 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.
Mannatech |
Moving against Mannatech Stock
| 0.36 | EPC | Edgewell Personal Care | PairCorr |
| 0.36 | NUS | Nu Skin Enterprises | PairCorr |
| 0.33 | ELF | ELF Beauty | PairCorr |
| 0.32 | CL | Colgate Palmolive Fiscal Year End 24th of January 2025 | PairCorr |
| 0.57 | DG | Dollar General | PairCorr |
| 0.51 | DLTR | Dollar Tree | PairCorr |
| 0.37 | COTY | Coty Inc | PairCorr |
| 0.37 | DTCK | Davis Commodities | PairCorr |
| 0.36 | BG | Bunge Limited | PairCorr |
Related Correlations Analysis
| -0.03 | 0.85 | -0.81 | -0.04 | 0.43 | EPC | ||
| -0.03 | 0.1 | 0.27 | -0.03 | 0.28 | IPAR | ||
| 0.85 | 0.1 | -0.75 | -0.31 | 0.33 | NUS | ||
| -0.81 | 0.27 | -0.75 | 0.03 | -0.32 | HELE | ||
| -0.04 | -0.03 | -0.31 | 0.03 | 0.35 | EWCZ | ||
| 0.43 | 0.28 | 0.33 | -0.32 | 0.35 | SPB | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EPC | 1.09 | (0.25) | 0.00 | (0.17) | 0.00 | 2.17 | 6.00 | |||
| IPAR | 1.37 | 0.01 | 0.01 | 0.13 | 1.95 | 2.55 | 8.04 | |||
| NUS | 2.57 | (0.41) | 0.00 | (1.04) | 0.00 | 4.52 | 15.79 | |||
| HELE | 1.79 | 0.40 | 0.22 | 0.60 | 1.37 | 4.41 | 22.13 | |||
| EWCZ | 2.54 | (0.20) | 0.00 | (0.03) | 0.00 | 4.28 | 31.55 | |||
| SPB | 1.05 | (0.05) | (0.07) | 0.01 | 1.56 | 1.87 | 8.89 |
Mannatech Incorporated Corporate Management
| James CPA | Chief Officer | Profile | |
| David Johnson | Principal Accounting and Principal Financial Officer, Chief Accounting Officer and Controller | Profile | |
| Sergio Medina | Managing Bus | Profile | |
| Steven Elder | Senior Marketing | Profile | |
| Erin Barta | General Secretary | Profile | |
| Alfredo Bala | Chief Officer | Profile |