MT Bank Correlations

0JW2 Stock

190.36 1.97 1.02%

The current 90-days correlation between MT Bank Corp and Public Storage is 0.2 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

MT Bank Correlation With Market

Weak diversification

The correlation between MT Bank Corp and DJI is 0.34 (i.e., Weak 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 against 0JW2 Stock

0.78	API	abrdn Property Income Earnings Call This Week	Pair Corr
0.66	0O9Q	alstria office REIT	Pair Corr
0.58	IAG	International Consolidated	Pair Corr
0.52	ITH	Ithaca Energy PLC	Pair Corr
0.34	0Q57	Sparebank 1 SR	Pair Corr

Related Correlations Analysis

	HANA	0KS3	0IJV	0ILW	SSON	0K76	FCIT	0HJI
HANA		-0.23	-0.36	-0.07	-0.09	-0.11	-0.08	-0.2	HANA
0KS3	-0.23		0.91	0.49	0.01	-0.3	-0.38	0.27	0KS3
0IJV	-0.36	0.91		0.28	0.31	0.03	-0.05	0.55	0IJV
0ILW	-0.07	0.49	0.28		-0.42	-0.72	-0.59	-0.39	0ILW
SSON	-0.09	0.01	0.31	-0.42		0.83	0.78	0.82	SSON
0K76	-0.11	-0.3	0.03	-0.72	0.83		0.89	0.72	0K76
FCIT	-0.08	-0.38	-0.05	-0.59	0.78	0.89		0.58	FCIT
0HJI	-0.2	0.27	0.55	-0.39	0.82	0.72	0.58		0HJI
	HANA	0KS3	0IJV	0ILW	SSON	0K76	FCIT	0HJI

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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

0IJV	+ 0.91	0KS3
FCIT	+ 0.89	0K76
0K76	+ 0.83	SSON
0HJI	+ 0.82	SSON
FCIT	+ 0.78	SSON
0HJI	+ 0.72	0K76

High negative correlations

0K76	- 0.72	0ILW
FCIT	- 0.59	0ILW
SSON	- 0.42	0ILW
0HJI	- 0.39	0ILW
FCIT	- 0.38	0KS3
0IJV	- 0.36	HANA

Risk-Adjusted Indicators

There is a big difference between 0JW2 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
HANA	1.00	0.02	0.01	(0.18)	1.38	(1.35)	2.26	(3.04)	9.53
0KS3	1.00	(0.15)	0.00	(3.00)	0.00	0.00	2.30	(2.15)	6.96
0IJV	1.07	(0.12)	0.00	1.78	0.00	0.00	2.26	(2.55)	7.17
0ILW	0.91	(0.33)	0.00	3.81	0.00	0.00	1.09	(1.85)	14.65
SSON	0.60	0.07	0.08	0.20	0.80	(0.61)	1.31	(1.32)	3.64
0K76	0.90	0.20	0.21	0.99	0.73	(1.17)	2.65	(1.39)	4.68
FCIT	0.63	0.06	0.07	0.18	0.76	(0.76)	1.38	(1.78)	4.13
0HJI	0.60	0.03	0.04	0.18	0.76	(0.60)	1.06	(1.17)	3.83

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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MT Bank Corporate Management

Elected by the shareholders, the MT Bank's board of directors comprises two types of representatives: MT Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 0JW2. The board's role is to monitor MT Bank's management team and ensure that shareholders' interests are well served. MT Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MT Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jennifer Warren	Senior Trust	Profile
Francesco Lagutaine	Senior Officer	Profile
Sarah Knakmuhs	Chief Officer	Profile
Glenn Jackson	Chief Officer	Profile
Darren King	Business Banking	Profile
Julianne Urban	Senior Auditor	Profile
Brian Klock	Senior Relations	Profile

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