Minority Equality Correlations

Summary

MEOAUDelisted Stock

USD 31.34 0.00 0.00%

The correlation of Minority Equality 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.

Minority Equality Correlation With Market

Good diversification

The correlation between Minority Equality Opportunitie and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Minority Equality Opportunitie and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Minority Stock

0.7	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.77	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.82	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.81	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.7	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr

Moving against Minority Stock

0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	BKRKY	Bank Rakyat	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.69	PPERF	Bank Mandiri Persero	Pair Corr
0.68	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.58	BKRKF	PT Bank Rakyat	Pair Corr
0.53	PBCRY	Bank Central Asia	Pair Corr
0.51	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.51	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.49	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr

Related Correlations Analysis

	FSLUF	GSL-PB	SPG	GTY	GMS	CAR	CFRLF	GO
FSLUF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FSLUF
GSL-PB	0.0		0.21	-0.07	0.22	0.17	0.03	0.09	GSL-PB
SPG	0.0	0.21		0.66	0.89	0.82	-0.73	0.74	SPG
GTY	0.0	-0.07	0.66		0.52	0.54	-0.57	0.7	GTY
GMS	0.0	0.22	0.89	0.52		0.88	-0.58	0.7	GMS
CAR	0.0	0.17	0.82	0.54	0.88		-0.54	0.73	CAR
CFRLF	0.0	0.03	-0.73	-0.57	-0.58	-0.54		-0.42	CFRLF
GO	0.0	0.09	0.74	0.7	0.7	0.73	-0.42		GO
	FSLUF	GSL-PB	SPG	GTY	GMS	CAR	CFRLF	GO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GMS	+ 0.89	SPG
CAR	+ 0.88	GMS
CAR	+ 0.82	SPG
GO	+ 0.74	SPG
GO	+ 0.73	CAR
GO	+ 0.7	GTY

High negative correlations

CFRLF	- 0.73	SPG
CFRLF	- 0.58	GMS
CFRLF	- 0.57	GTY
CFRLF	- 0.54	CAR
GO	- 0.42	CFRLF
GTY	- 0.07	GSL-PB

Risk-Adjusted Indicators

There is a big difference between Minority Stock performing well and Minority Equality 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 Minority Equality'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
FSLUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GSL-PB	0.44	0.02	(0.11)	0.19	0.50	(0.47)	1.02	(0.80)	4.03
SPG	0.78	0.13	0.06	0.51	0.74	(0.89)	1.76	(1.59)	4.38
GTY	0.71	0.03	(0.08)	0.39	0.75	(0.77)	1.66	(1.29)	4.11
GMS	1.34	0.04	0.06	0.14	1.53	(1.45)	2.62	(2.63)	10.15
CAR	2.74	0.32	0.18	0.24	2.36	(3.24)	6.48	(3.71)	16.84
CFRLF	0.21	(0.04)	0.00	1.65	0.00	0.00	0.00	0.00	11.85
GO	2.53	0.01	0.04	0.12	3.47	(2.89)	5.45	(4.67)	21.42

Minority Equality Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Minority Equality stock to make a market-neutral strategy. Peer analysis of Minority Equality could also be used in its relative valuation, which is a method of valuing Minority Equality by comparing valuation metrics with similar companies.

First Ship Lease Global Ship Lease Simon Property Group Getty Realty GMS Inc Avis Budget Group China Aircraft Leasing Grocery Outlet Holding American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Minority Equality Opportunities?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC