Materialise Correlations

MTLS Stock

USD 5.75 0.35 6.48%

The current 90-days correlation between Materialise NV and CS Disco LLC is 0.32 (i.e., Weak diversification). 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

Excellent diversification

The correlation between Materialise NV and DJI is -0.59 (i.e., Excellent 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 together with Materialise Stock

0.71	DT	Dynatrace Holdings LLC	Pair Corr
0.64	PD	Pagerduty	Pair Corr
0.75	VS	Versus Systems	Pair Corr
0.68	WK	Workiva	Pair Corr
0.68	2TY	PagerDuty	Pair Corr
0.78	DOMO	Domo Inc Downward Rally	Pair Corr
0.75	1Q5	Dropbox Earnings Call Today	Pair Corr
0.69	LY0	Lyft Inc	Pair Corr
0.69	AN5	Alpha Systems	Pair Corr

Moving against Materialise Stock

0.71	RNI	OXFORD METRICS LS	Pair Corr
0.58	TRB	Tribal Group plc	Pair Corr
0.46	JG	Aurora Mobile	Pair Corr
0.44	NN	Nextnav Acquisition Corp	Pair Corr
0.41	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.37	LUS1	Lang Schwarz Aktieng	Pair Corr
0.34	XV7	SERESCO 16	Pair Corr
0.32	DSG	Dillistone Group PLC	Pair Corr
0.31	60Z	UNIFIEDPOST GRP SANV Earnings Call This Week	Pair Corr
0.52	MKQ	Mitek Systems	Pair Corr
0.44	89P	CLAVISTER HOLDING	Pair Corr
0.43	NOW	NowVertical Group Earnings Call Today	Pair Corr
0.39	MKT	DeepMarkit Corp	Pair Corr

Related Correlations Analysis

	LAW	CMRC	MITK	EGAN	PUBM	RMNI	RPAY	BKKT	GRRR	RXT
LAW		0.75	-0.58	0.27	0.86	0.95	0.63	0.13	0.2	0.72	LAW
CMRC	0.75		-0.68	0.51	0.95	0.85	0.29	0.37	0.15	0.84	CMRC
MITK	-0.58	-0.68		-0.22	-0.66	-0.6	-0.04	-0.41	-0.4	-0.49	MITK
EGAN	0.27	0.51	-0.22		0.44	0.39	0.31	0.6	0.13	0.39	EGAN
PUBM	0.86	0.95	-0.66	0.44		0.9	0.38	0.26	0.17	0.85	PUBM
RMNI	0.95	0.85	-0.6	0.39	0.9		0.57	0.3	0.25	0.8	RMNI
RPAY	0.63	0.29	-0.04	0.31	0.38	0.57		0.08	-0.09	0.32	RPAY
BKKT	0.13	0.37	-0.41	0.6	0.26	0.3	0.08		0.47	0.35	BKKT
GRRR	0.2	0.15	-0.4	0.13	0.17	0.25	-0.09	0.47		0.14	GRRR
RXT	0.72	0.84	-0.49	0.39	0.85	0.8	0.32	0.35	0.14		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

RMNI	+ 0.95	LAW
PUBM	+ 0.95	CMRC
RMNI	+ 0.9	PUBM
PUBM	+ 0.86	LAW
RMNI	+ 0.85	CMRC
RXT	+ 0.85	PUBM

High negative correlations

MITK	- 0.68	CMRC
PUBM	- 0.66	MITK
RMNI	- 0.6	MITK
MITK	- 0.58	LAW
RXT	- 0.49	MITK
BKKT	- 0.41	MITK

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	3.19	(1.18)	0.00	(1.26)	0.00	0.00	5.93	(12.11)	28.65
CMRC	2.31	(0.95)	0.00	(0.41)	0.00	0.00	2.75	(7.54)	15.88
MITK	2.29	0.54	0.23	0.37	2.02	(2.85)	4.66	(4.01)	23.93
EGAN	2.77	(0.71)	0.00	(0.21)	0.00	0.00	5.04	(7.54)	24.83
PUBM	1.97	(0.59)	0.00	(0.41)	0.00	0.00	3.58	(4.70)	11.51
RMNI	1.50	(0.47)	0.00	(0.34)	0.00	0.00	2.43	(3.53)	9.53
RPAY	2.25	(0.22)	0.00	(0.13)	0.00	0.00	3.79	(5.88)	16.12
BKKT	6.11	(0.95)	0.00	(0.14)	0.00	0.00	12.23	(13.07)	55.99
GRRR	4.03	(0.21)	0.00	(0.07)	0.00	0.00	9.43	(7.66)	24.43
RXT	7.62	1.84	0.39	0.75	4.01	(16.67)	4.76	(7.69)	24.65

Materialise Corporate Management

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

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