MT Bank Correlations

MTZ Stock

EUR 209.20 7.70 3.82%

The current 90-days correlation between MT Bank Corp and Regions Financial is -0.19 (i.e., Good diversification). The correlation of MT Bank 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.

MT Bank Correlation With Market

Modest diversification

The correlation between MT Bank Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MT Bank Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MT Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MT Bank 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 MT Bank - 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 MT Bank Corp to buy it.

Moving together with MTZ Stock

0.96	UB5	US Bancorp	Pair Corr
0.96	PNP	PNC Financial	Pair Corr
0.95	FFH	Fifth Third Bancorp	Pair Corr
0.97	HU3	Huntington Bancshares	Pair Corr
0.94	RN7	Regions Financial	Pair Corr
0.89	1C5	Citizens Financial	Pair Corr
0.93	KEY	KeyCorp	Pair Corr
0.66	SWTF	Intouch Holdings Public	Pair Corr
0.65	1JU	FATFISH GROUP LTD	Pair Corr
0.86	UN3	United Natural Foods	Pair Corr
0.84	EK7	AGRICUL BK CHINA	Pair Corr

Moving against MTZ Stock

0.92	LYV	Lundin Energy AB	Pair Corr
0.84	D7GA	NEL ASA ADR30	Pair Corr
0.63	OS3	Otello ASA	Pair Corr
0.52	DBPD	Xtrackers ShortDAX	Pair Corr
0.38	HHX	HAMMONIA Schiffsholding	Pair Corr

Related Correlations Analysis

	RN7	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1	6HW
RN7		-0.8	-0.22	-0.1	-0.9	-0.12	-0.21	0.8	0.91	-0.64	RN7
8SP	-0.8		0.6	0.25	0.69	0.38	0.27	-0.72	-0.84	0.56	8SP
6NM	-0.22	0.6		0.5	0.09	0.19	0.14	-0.31	-0.39	0.08	6NM
39O1	-0.1	0.25	0.5		0.03	-0.21	0.35	0.01	-0.18	-0.22	39O1
2DG	-0.9	0.69	0.09	0.03		0.26	0.22	-0.75	-0.84	0.8	2DG
TLX	-0.12	0.38	0.19	-0.21	0.26		0.05	-0.26	-0.22	0.53	TLX
TM9	-0.21	0.27	0.14	0.35	0.22	0.05		0.0	-0.26	0.01	TM9
INVN	0.8	-0.72	-0.31	0.01	-0.75	-0.26	0.0		0.82	-0.69	INVN
IUI1	0.91	-0.84	-0.39	-0.18	-0.84	-0.22	-0.26	0.82		-0.62	IUI1
6HW	-0.64	0.56	0.08	-0.22	0.8	0.53	0.01	-0.69	-0.62		6HW
	RN7	8SP	6NM	39O1	2DG	TLX	TM9	INVN	IUI1	6HW

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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

IUI1	+ 0.91	RN7
IUI1	+ 0.82	INVN
INVN	+ 0.8	RN7
6HW	+ 0.8	2DG
2DG	+ 0.69	8SP
6NM	+ 0.6	8SP

High negative correlations

2DG	- 0.9	RN7
IUI1	- 0.84	2DG
IUI1	- 0.84	8SP
8SP	- 0.8	RN7
INVN	- 0.75	2DG
INVN	- 0.72	8SP

Risk-Adjusted Indicators

There is a big difference between MTZ Stock performing well and MT Bank 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 MT Bank'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
RN7	1.35	0.37	0.18	2.97	1.08	(1.87)	3.36	(1.94)	13.03
8SP	2.15	(0.05)	0.00	0.17	0.00	0.00	3.43	(4.74)	21.59
6NM	1.20	0.08	(0.02)	(0.14)	1.75	(1.29)	2.79	(2.69)	9.64
39O1	3.91	0.32	0.07	0.61	3.52	(5.55)	9.64	(5.38)	34.42
2DG	3.88	(1.67)	0.00	(16.40)	0.00	0.00	6.06	(8.57)	52.42
TLX	0.97	0.04	(0.06)	(0.87)	1.14	(1.11)	2.67	(1.64)	7.58
TM9	2.80	(0.01)	(0.02)	0.08	4.32	(3.01)	5.56	(6.43)	36.50
INVN	2.17	0.17	0.02	(0.67)	2.57	(2.55)	5.61	(4.98)	14.01
IUI1	1.20	0.21	0.11	0.95	1.08	(1.37)	2.87	(1.96)	10.01
6HW	0.42	(0.10)	0.00	0.87	0.00	0.00	1.21	(1.80)	5.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in MT Bank 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.

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