Moneta Money Correlations

0RGC Stock

82.45 0.00 0.00%

The current 90-days correlation between Moneta Money Bank and United Internet AG is -0.01 (i.e., Good diversification). The correlation of Moneta Money 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.

Moneta Money Correlation With Market

Average diversification

The correlation between Moneta Money Bank 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 Moneta Money Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Moneta Money could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Moneta Money 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 Moneta Money - 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 Moneta Money Bank to buy it.

Moving together with Moneta Stock

0.62	RR	Rolls Royce Holdings	Pair Corr
0.84	DEC	Diversified Energy	Pair Corr

Moving against Moneta Stock

0.7	SMSD	Samsung Electronics	Pair Corr
0.69	SMSN	Samsung Electronics	Pair Corr
0.55	0QKN	Chocoladefabriken Lindt	Pair Corr
0.46	KAP	National Atomic	Pair Corr

Related Correlations Analysis

	PPH	BSRT	0N7I	0I47	0GE4	0LJE	0KXO
PPH		0.53	0.7	0.26	-0.45	-0.62	0.5	PPH
BSRT	0.53		0.76	0.83	-0.9	-0.9	0.76	BSRT
0N7I	0.7	0.76		0.63	-0.58	-0.69	0.78	0N7I
0I47	0.26	0.83	0.63		-0.62	-0.62	0.65	0I47
0GE4	-0.45	-0.9	-0.58	-0.62		0.9	-0.54	0GE4
0LJE	-0.62	-0.9	-0.69	-0.62	0.9		-0.62	0LJE
0KXO	0.5	0.76	0.78	0.65	-0.54	-0.62		0KXO
	PPH	BSRT	0N7I	0I47	0GE4	0LJE	0KXO

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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

0LJE	+ 0.9	0GE4
0I47	+ 0.83	BSRT
0KXO	+ 0.78	0N7I
0N7I	+ 0.76	BSRT
0KXO	+ 0.76	BSRT
0N7I	+ 0.7	PPH

High negative correlations

0LJE	- 0.9	BSRT
0GE4	- 0.9	BSRT
0LJE	- 0.69	0N7I
0KXO	- 0.62	0LJE
0LJE	- 0.62	0I47
0GE4	- 0.62	0I47

Risk-Adjusted Indicators

There is a big difference between Moneta Stock performing well and Moneta Money 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 Moneta Money'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
PPH	1.18	0.16	0.08	(0.49)	1.44	(1.41)	2.60	(2.12)	13.53
BSRT	1.23	0.29	0.13	0.76	1.02	(2.57)	4.50	(2.61)	10.03
0N7I	1.21	0.13	0.08	2.01	1.07	(1.62)	2.88	(1.86)	7.39
0I47	0.84	0.07	0.06	0.24	0.83	(0.92)	1.66	(1.54)	5.80
0GE4	1.18	(0.33)	0.00	5.82	0.00	0.00	1.93	(1.95)	17.96
0LJE	1.81	(0.43)	0.00	(6.98)	0.00	0.00	2.69	(4.07)	16.84
0KXO	1.03	0.03	0.01	0.14	1.27	(1.10)	2.17	(2.09)	7.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Moneta Money 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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Moneta Money Corporate Management

Elected by the shareholders, the Moneta Money's board of directors comprises two types of representatives: Moneta Money inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Moneta. The board's role is to monitor Moneta Money's management team and ensure that shareholders' interests are well served. Moneta Money'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, Moneta Money's outside directors are responsible for providing unbiased perspectives on the board's policies.

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