MDJM Correlations

UOKA Stock

0.21 0.01 4.55%

The current 90-days correlation between MDJM and Wetouch Technology Common is 0.19 (i.e., Average diversification). The correlation of MDJM 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.

MDJM Correlation With Market

Good diversification

The correlation between MDJM and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MDJM and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in MDJM. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For information on how to trade MDJM Stock refer to our How to Trade MDJM Stock guide.

Moving together with MDJM Stock

0.69	WETH	Wetouch Technology Common	Pair Corr
0.65	BPYPN	Brookfield Property	Pair Corr
0.63	BPYPM	Brookfield Property	Pair Corr
0.84	O	Realty Income	Pair Corr
0.75	FR	First Industrial Realty	Pair Corr
0.71	UK	Ucommune International	Pair Corr
0.65	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.61	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.73	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.86	ADC-PA	Agree Realty	Pair Corr
0.75	VNO-PL	Vornado Realty Trust	Pair Corr
0.64	VNO-PO	Vornado Realty Trust	Pair Corr
0.61	VICI	VICI Properties	Pair Corr

Moving against MDJM Stock

0.75	COMP	Compass Sell-off Trend	Pair Corr
0.48	OZ	Belpointe PREP LLC	Pair Corr
0.45	DX	Dynex Capital	Pair Corr
0.41	CURB	Curbline Properties Corp	Pair Corr
0.81	UE	Urban Edge Properties	Pair Corr
0.6	DOUG	Douglas Elliman	Pair Corr
0.53	PK	Park Hotels Resorts	Pair Corr
0.73	MITT-PC	AG Mortgage Investment	Pair Corr
0.71	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	WETH	GBR	DBRG-PJ	DBRG-PH	DBRG-PI	COMP	CURB	BPYPP	BPYPO	BPYPN
WETH		0.35	0.16	-0.09	0.3	-0.55	-0.23	0.57	0.48	0.57	WETH
GBR	0.35		-0.06	-0.15	0.07	-0.13	0.04	0.61	0.6	0.59	GBR
DBRG-PJ	0.16	-0.06		0.53	0.91	-0.55	-0.3	0.24	0.25	0.33	DBRG-PJ
DBRG-PH	-0.09	-0.15	0.53		0.51	-0.13	0.02	0.09	0.09	0.03	DBRG-PH
DBRG-PI	0.3	0.07	0.91	0.51		-0.6	-0.32	0.37	0.38	0.43	DBRG-PI
COMP	-0.55	-0.13	-0.55	-0.13	-0.6		0.4	-0.3	-0.22	-0.41	COMP
CURB	-0.23	0.04	-0.3	0.02	-0.32	0.4		-0.02	0.04	-0.09	CURB
BPYPP	0.57	0.61	0.24	0.09	0.37	-0.3	-0.02		0.96	0.94	BPYPP
BPYPO	0.48	0.6	0.25	0.09	0.38	-0.22	0.04	0.96		0.92	BPYPO
BPYPN	0.57	0.59	0.33	0.03	0.43	-0.41	-0.09	0.94	0.92		BPYPN
	WETH	GBR	DBRG-PJ	DBRG-PH	DBRG-PI	COMP	CURB	BPYPP	BPYPO	BPYPN

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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

BPYPO	+ 0.96	BPYPP
BPYPN	+ 0.94	BPYPP
BPYPN	+ 0.92	BPYPO
DBRG-PI	+ 0.91	DBRG-PJ
BPYPP	+ 0.61	GBR
BPYPO	+ 0.6	GBR

High negative correlations

COMP	- 0.6	DBRG-PI
COMP	- 0.55	DBRG-PJ
COMP	- 0.55	WETH
BPYPN	- 0.41	COMP
CURB	- 0.32	DBRG-PI
BPYPP	- 0.3	COMP

Risk-Adjusted Indicators

There is a big difference between MDJM Stock performing well and MDJM 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 MDJM'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
WETH	4.72	0.01	0.00	0.03	0.00	0.00	11.31	(8.54)	53.66
GBR	2.01	(0.01)	(0.01)	0.01	2.59	(2.38)	3.39	(4.72)	16.50
DBRG-PJ	0.51	(0.01)	0.00	6.75	0.00	0.00	0.77	(1.13)	4.03
DBRG-PH	0.69	0.02	(0.02)	0.14	0.68	(0.91)	2.39	(1.13)	4.75
DBRG-PI	0.60	(0.01)	0.00	0.13	0.00	0.00	1.74	(1.25)	4.36
COMP	2.51	(0.03)	(0.01)	0.00	3.35	(2.60)	5.16	(5.97)	24.66
CURB	1.78	0.29	0.14	0.33	1.89	(2.20)	3.72	(3.33)	29.24
BPYPP	1.27	(0.19)	0.00	(0.45)	0.00	0.00	2.85	(2.60)	9.14
BPYPO	1.15	(0.13)	0.00	(0.31)	0.00	0.00	2.39	(2.45)	7.39
BPYPN	0.91	(0.16)	0.00	12.94	0.00	0.00	2.10	(2.00)	8.67

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