Martin Marietta Correlations

M1LM34 Stock

562.50 0.00 0.00%

The current 90-days correlation between Martin Marietta Mate and Hormel Foods is -0.03 (i.e., Good diversification). The correlation of Martin Marietta 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.

Martin Marietta Correlation With Market

Good diversification

The correlation between Martin Marietta Materials, and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Martin Marietta Materials, and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Martin Stock

0.78	TSMC34	Taiwan Semiconductor	Pair Corr
0.91	AAPL34	Apple Inc	Pair Corr
0.91	MSFT34	Microsoft	Pair Corr
0.85	GOGL35	Alphabet	Pair Corr
0.86	GOGL34	Alphabet	Pair Corr
0.88	AMZO34	Amazon Inc	Pair Corr
0.87	H1SB34	HSBC Holdings plc	Pair Corr
0.67	BERK34	Berkshire Hathaway	Pair Corr

Moving against Martin Stock

0.46

BABA34

Alibaba Group Holding

Pair Corr

Related Correlations Analysis

	H1RL34	BROF11	ROST34	M1LC34	B2UR34	COWC34	TSMC34
H1RL34		-0.72	0.9	-0.25	0.85	0.9	0.88	H1RL34
BROF11	-0.72		-0.61	-0.24	-0.85	-0.56	-0.55	BROF11
ROST34	0.9	-0.61		-0.32	0.77	0.89	0.71	ROST34
M1LC34	-0.25	-0.24	-0.32		-0.06	-0.38	-0.26	M1LC34
B2UR34	0.85	-0.85	0.77	-0.06		0.75	0.67	B2UR34
COWC34	0.9	-0.56	0.89	-0.38	0.75		0.77	COWC34
TSMC34	0.88	-0.55	0.71	-0.26	0.67	0.77		TSMC34
	H1RL34	BROF11	ROST34	M1LC34	B2UR34	COWC34	TSMC34

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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

ROST34	+ 0.9	H1RL34
COWC34	+ 0.9	H1RL34
COWC34	+ 0.89	ROST34
TSMC34	+ 0.88	H1RL34
B2UR34	+ 0.85	H1RL34
B2UR34	+ 0.77	ROST34

High negative correlations

B2UR34	- 0.85	BROF11
BROF11	- 0.72	H1RL34
ROST34	- 0.61	BROF11
COWC34	- 0.56	BROF11
TSMC34	- 0.55	BROF11
COWC34	- 0.38	M1LC34

Risk-Adjusted Indicators

There is a big difference between Martin Stock performing well and Martin Marietta 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 Martin Marietta'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
H1RL34	0.48	0.22	0.00	(5.08)	0.00	0.00	2.31	(0.32)	5.38
BROF11	1.01	(0.07)	0.00	(0.18)	0.00	0.00	2.44	(2.13)	6.10
ROST34	0.91	0.14	0.08	(1.75)	1.06	(1.34)	2.85	(2.19)	10.33
M1LC34	1.99	0.36	0.06	(0.54)	2.31	(6.89)	4.78	(4.49)	48.92
B2UR34	0.89	0.28	0.00	(0.81)	0.00	0.00	2.67	(1.40)	17.52
COWC34	1.46	0.25	0.12	(0.99)	1.75	(1.51)	2.87	(3.29)	8.51
TSMC34	1.99	0.38	0.16	(0.58)	1.94	(2.35)	6.04	(3.99)	15.94

Martin Marietta Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Martin Marietta stock to make a market-neutral strategy. Peer analysis of Martin Marietta could also be used in its relative valuation, which is a method of valuing Martin Marietta by comparing valuation metrics with similar companies.

Hormel Foods Brpr Corporate Offices Ross Stores Melco Resorts Entertainment Burlington Stores, Costco Wholesale Taiwan Semiconductor Manufacturing American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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