Mongolia Growth Correlations
| MNGGF Stock | USD 0.96 0.01 1.03% |
The current 90-days correlation between Mongolia Growth Group and WeWork Inc is -0.01 (i.e., Good diversification). The correlation of Mongolia Growth 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.
Mongolia Growth Correlation With Market
Average diversification
The correlation between Mongolia Growth Group and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mongolia Growth Group and DJI in the same portfolio, assuming nothing else is changed.
Mongolia |
The ability to find closely correlated positions to Mongolia Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mongolia Growth 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 Mongolia Growth - 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 Mongolia Growth Group to buy it.
Moving together with Mongolia Pink Sheet
| 0.64 | OPINL | Office Properties Income | PairCorr |
| 0.61 | TUXS | Tuxis | PairCorr |
| 0.61 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.75 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Mongolia Pink Sheet
| 0.61 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.68 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.59 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.58 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.44 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.4 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.38 | PG | Procter Gamble | PairCorr |
| 0.32 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Mongolia Pink Sheet performing well and Mongolia Growth 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 Mongolia Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MSPC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BEKE | 3.47 | 0.50 | 0.11 | 1.15 | 3.69 | 8.40 | 31.65 | |||
| SFR | 14.17 | 2.78 | 0.14 | (0.25) | 11.26 | 33.33 | 254.90 | |||
| WE | 5.56 | (0.64) | 0.00 | (0.98) | 0.00 | 11.76 | 35.71 | |||
| UK | 3.26 | (0.10) | 0.00 | (1.46) | 0.00 | 6.43 | 24.61 | |||
| LEJU | 10.61 | 2.52 | 0.19 | (0.76) | 9.90 | 31.16 | 136.21 | |||
| MDJH | 6.47 | (1.91) | 0.00 | (19.14) | 0.00 | 8.47 | 94.18 | |||
| FLJ | 11.96 | 4.20 | 0.27 | (1.03) | 10.45 | 34.52 | 272.59 | |||
| GBR | 1.97 | (0.03) | 0.00 | 0.23 | 0.00 | 3.45 | 16.50 | |||
| MAYS | 0.87 | (0.16) | 0.00 | (0.04) | 0.00 | 3.31 | 11.71 |
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