Merrill Lynch Correlations

IPB Stock  USD 26.30  0.15  0.57%   
The current 90-days correlation between Merrill Lynch Depositor and B Riley Financial is -0.03 (i.e., Good diversification). The correlation of Merrill Lynch 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.

Merrill Lynch Correlation With Market

Very good diversification

The correlation between Merrill Lynch Depositor and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merrill Lynch Depositor and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Merrill Lynch Depositor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Merrill Stock

  0.62FAAS DigiAsia Corp Symbol ChangePairCorr
  0.76STSSW Sharps Technology WarrantPairCorr

Moving against Merrill Stock

  0.73RCB Ready CapitalPairCorr
  0.68FLYW Flywire CorpPairCorr
  0.62DISTR Distoken AcquisitionPairCorr
  0.58DLO DlocalPairCorr
  0.48EVTC EvertecPairCorr
  0.45HCXY Hercules CapitalPairCorr
  0.44FCRX First Eagle AlternativePairCorr
  0.38GEGGL Great Elm GroupPairCorr
  0.73OXSQG Oxford Square CapitalPairCorr
  0.72RWAYL MSCI ACWI exAUCONSUMERPairCorr
  0.56NEWTG NewtekOne, 850 percentPairCorr
  0.55ABLLL Abacus Life, 9875PairCorr
  0.51LPAA Launch One AcquisitionPairCorr
  0.49MARXR Mars Acquisition CorpPairCorr
  0.45MACI Melar Acquisition CorpPairCorr
  0.35ATMVR AlphaVest AcquisitionPairCorr
  0.31ATMCR AlphaTime AcquisitionPairCorr
  0.8PAYO Payoneer GlobalPairCorr
  0.68RELY Remitly GlobalPairCorr

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   
OSHDFVIASP
RRTLXLBHIX
70082LAB3VIASP
RRTLXMSTSX
70082LAB3OSHDF
70082LAB3RILYZ
  
High negative correlations   
70082LAB3DTW
VIASPDTW
OSHDFDTW
DTWRILYZ
LBHIXDTW
SITKFVIASP

Risk-Adjusted Indicators

There is a big difference between Merrill Stock performing well and Merrill Lynch 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 Merrill Lynch'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
RILYZ  2.79 (0.09) 0.00 (0.02) 0.00 
 3.72 
 37.57 
DTW  0.52 (0.13) 0.00 (1.07) 0.00 
 0.99 
 2.59 
AQUI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MSTSX  0.44  0.03 (0.05) 1.68  0.43 
 1.21 
 2.80 
LBHIX  0.10  0.00 (0.23) 0.02  0.03 
 0.24 
 0.71 
VIASP  0.73  0.11  0.04 (0.98) 1.09 
 2.00 
 6.28 
RRTLX  0.22  0.00 (0.18) 0.10  0.22 
 0.48 
 1.36 
OSHDF  39.65  21.33  0.00 (0.96) 0.00 
 0.00 
 1,329 
70082LAB3  0.66  0.08  0.02  19.46  0.95 
 1.75 
 6.86 
SITKF  5.33  0.52  0.07  0.91  5.04 
 14.29 
 30.02