MTY Food Correlations
| MTYFF Stock | USD 29.37 0.41 1.38% |
The current 90-days correlation between MTY Food Group and Cannae Holdings is 0.14 (i.e., Average diversification). The correlation of MTY Food 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.
MTY Food Correlation With Market
Very poor diversification
The correlation between MTY Food Group and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MTY Food Group and DJI in the same portfolio, assuming nothing else is changed.
MTY |
The ability to find closely correlated positions to MTY Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MTY Food when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MTY Food - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MTY Food Group to buy it.
Moving together with MTY Pink Sheet
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| 0.83 | TG | Tredegar | PairCorr |
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| 0.81 | GRBK | Green Brick Partners | PairCorr |
| 0.89 | ALFVF | Alfa Laval AB | PairCorr |
| 0.79 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.74 | ADEA | ADEIA P | PairCorr |
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| 0.82 | GEL | Genesis Energy LP | PairCorr |
| 0.84 | CAPL | Crossamerica Partners | PairCorr |
| 0.77 | TRP | TC Energy Corp | PairCorr |
| 0.68 | TWMIF | Tidewater Midstream and Earnings Call Tomorrow | PairCorr |
| 0.72 | XYIGY | Xinyi Glass Holdings | PairCorr |
| 0.92 | CMI | Cummins | PairCorr |
| 0.87 | SOJE | Southern Company | PairCorr |
| 0.65 | FMFP | First Community Financial | PairCorr |
Moving against MTY Pink Sheet
Related Correlations Analysis
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 MTY Pink Sheet performing well and MTY Food 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 MTY Food'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JBFCY | 2.31 | 0.07 | 0.02 | 0.13 | 2.99 | 5.01 | 14.32 | |||
| NATH | 0.89 | 0.12 | 0.09 | 0.29 | 0.88 | 2.09 | 9.30 | |||
| GTIM | 1.77 | (0.14) | 0.00 | (0.14) | 0.00 | 4.24 | 17.69 | |||
| MDNDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMPGY | 1.13 | (0.08) | 0.00 | (0.10) | 0.00 | 2.30 | 6.24 | |||
| CNNE | 1.59 | (0.46) | 0.00 | (0.35) | 0.00 | 2.69 | 10.94 | |||
| EAT | 1.95 | (0.11) | 0.00 | (0.06) | 0.00 | 4.64 | 10.99 | |||
| RUTH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JACK | 3.08 | (0.36) | 0.00 | (0.15) | 0.00 | 4.36 | 27.16 | |||
| BH | 2.50 | 0.20 | 0.05 | 0.19 | 4.21 | 5.39 | 21.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MTY Food without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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MTY Food Corporate Executives
Elected by the shareholders, the MTY Food's board of directors comprises two types of representatives: MTY Food inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MTY. The board's role is to monitor MTY Food's management team and ensure that shareholders' interests are well served. MTY Food's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MTY Food's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason Brading | COO - Quick Service Restaurants | Profile | |
| MarieLine Beauchamp | COO - Casual Dining | Profile |