Mcig Correlations

BTZI Stock

USD 0.01 0.0007 11.86%

The current 90-days correlation between Mcig Inc and KLA Tencor is 0.11 (i.e., Average diversification). The correlation of Mcig 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.

Mcig Correlation With Market

Significant diversification

The correlation between Mcig Inc and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mcig Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Mcig Pink Sheet

0.49	CSTM	Constellium Nv	Pair Corr
0.44	BRK-A	Berkshire Hathaway	Pair Corr
0.39	BSET	Bassett Furniture	Pair Corr
0.32	BABA	Alibaba Group Holding Aggressive Push	Pair Corr
0.32	SR	Spire Inc	Pair Corr
0.32	BLTH	American Battery Mat Trending	Pair Corr
0.31	FARM	Farmer Bros	Pair Corr
0.43	MDLZ	Mondelez International	Pair Corr
0.37	CLLNY	Cellnex Telecom SA	Pair Corr
0.33	NTRBW	Nutriband Warrant Upward Rally	Pair Corr

Related Correlations Analysis

	KLAC	ASX	CHMN	MU	MX	TTAM	STM	AVRTF
KLAC		0.5	0.0	0.34	0.54	0.53	-0.19	0.0	KLAC
ASX	0.5		0.0	0.51	0.41	0.33	0.38	0.0	ASX
CHMN	0.0	0.0		0.0	0.0	0.0	0.0	-1.0	CHMN
MU	0.34	0.51	0.0		0.01	-0.03	0.37	0.0	MU
MX	0.54	0.41	0.0	0.01		0.81	0.12	0.0	MX
TTAM	0.53	0.33	0.0	-0.03	0.81		-0.02	0.0	TTAM
STM	-0.19	0.38	0.0	0.37	0.12	-0.02		0.0	STM
AVRTF	0.0	0.0	-1.0	0.0	0.0	0.0	0.0		AVRTF
	KLAC	ASX	CHMN	MU	MX	TTAM	STM	AVRTF

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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

TTAM	+ 0.81	MX
MX	+ 0.54	KLAC
TTAM	+ 0.53	KLAC
MU	+ 0.51	ASX
ASX	+ 0.5	KLAC
MX	+ 0.41	ASX

High negative correlations

AVRTF	- 1.0	CHMN
STM	- 0.19	KLAC
TTAM	- 0.03	MU
STM	- 0.02	TTAM
AVRTF	- 0.0	STM
AVRTF	- 0.0	TTAM

Risk-Adjusted Indicators

There is a big difference between Mcig Pink Sheet performing well and Mcig 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 Mcig'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
KLAC	1.68	0.26	0.10	0.15	2.32	(1.63)	4.13	(3.68)	11.35
ASX	1.98	0.08	0.00	(0.02)	0.00	0.00	3.80	(3.85)	14.62
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MU	3.41	0.17	0.04	0.12	4.60	(3.62)	6.23	(6.03)	22.15
MX	2.20	(0.04)	0.00	(0.86)	0.00	0.00	5.89	(4.45)	18.86
TTAM	1.68	(0.55)	0.00	(1.05)	0.00	0.00	3.31	(4.76)	9.88
STM	2.15	0.06	0.00	(0.03)	0.00	0.00	6.61	(4.28)	16.31
AVRTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

John Southard	Pres Division	Profile
Paul Rosenberg	President, CEO	Profile
Michael Hawkins	Chief Officer	Profile
Michael Snody	Chief Officer	Profile
Joe Spencer	Ex Division	Profile
Simon Rubin	Interim Chairman	Profile
Alex Mardikian	Chief Officer	Profile

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