MGP Ingredients Correlations
| M1I Stock | 27.80 0.20 0.71% |
The current 90-days correlation between MGP Ingredients and PARKEN Sport Entertainment is 0.04 (i.e., Significant diversification). The correlation of MGP Ingredients 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.
MGP Ingredients Correlation With Market
Good diversification
The correlation between MGP Ingredients and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MGP Ingredients and DJI in the same portfolio, assuming nothing else is changed.
MGP |
The ability to find closely correlated positions to MGP Ingredients could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MGP Ingredients 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 MGP Ingredients - 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 MGP Ingredients to buy it.
Moving together with MGP Stock
Moving against MGP Stock
| 0.84 | KONN | Komercn banka as | PairCorr |
| 0.8 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.79 | TLLB | Trelleborg AB | PairCorr |
| 0.78 | JYS1 | JYSKE BANK | PairCorr |
| 0.78 | PEH | PEH WERTPAPIER | PairCorr |
| 0.78 | BY6A | BYD Limited Earnings Call Tomorrow | PairCorr |
| 0.76 | BRH | Berkshire Hathaway | PairCorr |
| 0.73 | SOBA | ATT Inc | PairCorr |
| 0.71 | ANJ | ANDREW PELLER LTD | PairCorr |
| 0.67 | 3KF | Auxly Cannabis Group Earnings Call Tomorrow | PairCorr |
| 0.64 | ROI | Rosenbauer International | PairCorr |
| 0.41 | NMM | Newmont | PairCorr |
| 0.36 | J2E | Jupiter Energy | PairCorr |
| 0.34 | MWJ | NAKED WINES PLC | PairCorr |
| 0.86 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.81 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.81 | E908 | Lyxor 1 | PairCorr |
| 0.78 | 5TP | BLUE LABEL | PairCorr |
| 0.76 | BSN | Danone SA | PairCorr |
| 0.75 | ROM | Rohm Co | PairCorr |
| 0.75 | GIS | General Mills | PairCorr |
| 0.74 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.72 | 92K | K92 Mining | PairCorr |
| 0.71 | TKA | thyssenkrupp AG | PairCorr |
| 0.69 | B4B3 | Metro AG | PairCorr |
| 0.64 | MRG | Outcrop Silver Gold | PairCorr |
| 0.54 | VOL3 | VOLVO -A- | PairCorr |
| 0.51 | HUKI | HUHTAMAKI | PairCorr |
| 0.43 | AG9 | ACTIA GROUP SA | PairCorr |
| 0.35 | 14D | tokentus investment | PairCorr |
| 0.34 | PKX | POSCO Holdings | PairCorr |
| 0.32 | RUZ | Universal Entertainment | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between MGP Stock performing well and MGP Ingredients 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 MGP Ingredients' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| M0W | 2.18 | 0.01 | 0.03 | (0.10) | 3.08 | 6.84 | 17.32 | |||
| D2V | 1.44 | 0.08 | 0.07 | 0.69 | 1.75 | 3.34 | 14.66 | |||
| DSG | 1.92 | (0.20) | 0.00 | (0.70) | 0.00 | 3.22 | 15.62 | |||
| BBEA | 1.40 | (0.57) | 0.00 | 2.04 | 0.00 | 2.80 | 7.71 | |||
| 98Q | 2.21 | 0.29 | 0.13 | 5.49 | 2.37 | 5.81 | 20.52 | |||
| 9TG | 1.61 | 0.15 | 0.11 | (0.41) | 2.14 | 4.16 | 17.33 | |||
| 8D9 | 1.88 | 0.17 | 0.04 | 0.54 | 2.63 | 3.70 | 31.95 | |||
| 3MJ | 1.74 | (0.19) | 0.00 | (1.24) | 0.00 | 2.78 | 14.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MGP Ingredients 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?
Run Performance Analysis Now
Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
| All Next | Launch Module |
MGP Ingredients Corporate Management
Elected by the shareholders, the MGP Ingredients' board of directors comprises two types of representatives: MGP Ingredients inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MGP. The board's role is to monitor MGP Ingredients' management team and ensure that shareholders' interests are well served. MGP Ingredients' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MGP Ingredients' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Fletcher Buchman | VP Marketing | Profile | |
| Brandon Gall | VP CFO | Profile | |
| David Bratcher | COO Spirits | Profile | |
| Amel Pasagic | VP Officer | Profile | |
| Greg Manis | Co Communications | Profile | |
| Erika Lapish | VP HR | Profile | |
| David Colo | CEO Pres | Profile |