Materialise Correlations

MTLS Stock

USD 5.69 0.24 4.40%

The correlation of Materialise 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.

Materialise Correlation With Market

Modest diversification

The correlation between Materialise NV and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Materialise NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Materialise Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Materialise NV. 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 against Materialise Stock

0.52	MGIC	Magic Software Enter	Pair Corr
0.49	USDC	USDATA Corp	Pair Corr
0.42	ASUR	Asure Software	Pair Corr
0.42	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.41	RDZN	Roadzen Tech Boost	Pair Corr
0.35	ZM	Zoom Video Communications	Pair Corr
0.32	PTAIY	Astra International Tbk	Pair Corr
0.56	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.55	FTV	Fortive Corp	Pair Corr
0.5	MRK	Merck Company	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.46	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.44	JNJ	Johnson Johnson	Pair Corr
0.44	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.38	AXP	American Express	Pair Corr

Related Correlations Analysis

	LAW	CMRC	MITK	EGAN	PUBM	RMNI	RPAY	BKKT	GRRR	RXT
LAW		-0.46	0.53	-0.52	0.51	-0.37	-0.53	-0.77	-0.65	-0.61	LAW
CMRC	-0.46		-0.38	0.47	-0.01	0.46	0.45	0.57	0.58	0.56	CMRC
MITK	0.53	-0.38		-0.27	0.12	0.09	0.11	-0.28	-0.31	-0.19	MITK
EGAN	-0.52	0.47	-0.27		-0.35	0.21	0.39	0.47	0.35	0.69	EGAN
PUBM	0.51	-0.01	0.12	-0.35		-0.34	-0.47	-0.5	-0.44	-0.5	PUBM
RMNI	-0.37	0.46	0.09	0.21	-0.34		0.9	0.79	0.83	0.73	RMNI
RPAY	-0.53	0.45	0.11	0.39	-0.47	0.9		0.85	0.81	0.83	RPAY
BKKT	-0.77	0.57	-0.28	0.47	-0.5	0.79	0.85		0.92	0.78	BKKT
GRRR	-0.65	0.58	-0.31	0.35	-0.44	0.83	0.81	0.92		0.75	GRRR
RXT	-0.61	0.56	-0.19	0.69	-0.5	0.73	0.83	0.78	0.75		RXT
	LAW	CMRC	MITK	EGAN	PUBM	RMNI	RPAY	BKKT	GRRR	RXT

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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

GRRR	+ 0.92	BKKT
RPAY	+ 0.9	RMNI
BKKT	+ 0.85	RPAY
GRRR	+ 0.83	RMNI
RXT	+ 0.83	RPAY
GRRR	+ 0.81	RPAY

High negative correlations

BKKT	- 0.77	LAW
GRRR	- 0.65	LAW
RXT	- 0.61	LAW
RPAY	- 0.53	LAW
EGAN	- 0.52	LAW
RXT	- 0.5	PUBM

Risk-Adjusted Indicators

There is a big difference between Materialise Stock performing well and Materialise 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 Materialise'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
LAW	2.66	0.20	0.06	0.34	2.67	(2.98)	7.67	(4.64)	19.49
CMRC	2.08	(0.41)	0.00	(0.12)	0.00	0.00	3.80	(4.33)	16.77
MITK	1.47	0.00	(0.01)	0.05	1.98	(1.52)	3.45	(3.57)	12.95
EGAN	3.74	0.23	0.06	0.13	5.50	(4.05)	7.21	(6.63)	48.12
PUBM	2.88	0.03	0.04	0.07	3.85	(3.10)	3.70	(6.23)	56.16
RMNI	1.69	(0.38)	0.00	(0.18)	0.00	0.00	2.53	(4.63)	17.73
RPAY	2.69	(0.60)	0.00	(0.27)	0.00	0.00	4.76	(6.73)	22.07
BKKT	6.46	(1.57)	0.00	(0.25)	0.00	0.00	14.48	(13.07)	48.33
GRRR	3.47	(0.60)	0.00	(0.23)	0.00	0.00	9.43	(7.66)	21.87
RXT	3.32	(0.57)	0.00	(0.21)	0.00	0.00	8.21	(6.00)	37.89

Materialise Corporate Management

Jurgen Laudus	Executive Manufacturing	Profile
Brigitte VetVeithen	Chief Officer	Profile
Peter Leys	Ex Chairman	Profile
Filip Dehing	Chief NV	Profile
Hilde Ingelaere	Ex Director	Profile

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