Merchants National Correlations
| MNPP Stock | USD 1,710 40.00 2.29% |
The current 90-days correlation between Merchants National and St Joe Company is 0.15 (i.e., Average diversification). The correlation of Merchants National 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.
Merchants National Correlation With Market
Average diversification
The correlation between Merchants National Properties and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merchants National Properties and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Merchants National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Merchants National 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 Merchants National - 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 Merchants National Properties to buy it.
Moving against Merchants Pink Sheet
| 0.51 | NWWDF | New World Development | PairCorr |
| 0.39 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.37 | DIFTY | Daito Trust Construction | PairCorr |
| 0.33 | MTSFY | Mitsui Fudosan | PairCorr |
Related Correlations Analysis
| 0.75 | 0.48 | 0.34 | 0.88 | JOE | ||
| 0.75 | 0.77 | 0.1 | 0.85 | SOMLY | ||
| 0.48 | 0.77 | 0.16 | 0.69 | DWAHY | ||
| 0.34 | 0.1 | 0.16 | 0.26 | MSADY | ||
| 0.88 | 0.85 | 0.69 | 0.26 | SKHSY | ||
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Risk-Adjusted Indicators
There is a big difference between Merchants Pink Sheet performing well and Merchants National 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 Merchants National'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JOE | 0.93 | (0.40) | 0.00 | (0.34) | 0.00 | 1.98 | 8.35 | |||
| SOMLY | 0.95 | (0.18) | 0.00 | (0.45) | 0.00 | 1.48 | 6.07 | |||
| DWAHY | 0.91 | (0.06) | 0.00 | (0.20) | 0.00 | 1.56 | 4.72 | |||
| MSADY | 1.43 | (0.05) | (0.04) | 0.05 | 2.22 | 3.28 | 10.07 | |||
| SKHSY | 1.02 | (0.25) | 0.00 | (0.42) | 0.00 | 1.94 | 9.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Merchants National 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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Merchants National Corporate Management
| Liz Pollack | Sr Marketing | Profile | |
| Jagdish Shah | CFO Treasurer | Profile | |
| Amy Jedlicka | Sr Counsel | Profile | |
| Craig JD | CEO Pres | Profile | |
| Paul DiCarlo | Managing Acquisitions | Profile | |
| Jamie Cekaj | Operations Mang | Profile | |
| Danny Santos | Controller | Profile |