Mastercard Correlations

MA Stock

USD 530.19 1.80 0.34%

The current 90-days correlation between Mastercard and American Express is 0.67 (i.e., Poor diversification). The correlation of Mastercard 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.

Mastercard Correlation With Market

Poor diversification

The correlation between Mastercard and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mastercard and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mastercard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Mastercard Stock refer to our How to Trade Mastercard Stock guide.

Moving together with Mastercard Stock

0.93	V	Visa Class A	Pair Corr
0.82	AC	Associated Capital	Pair Corr
0.71	GS	Goldman Sachs Group	Pair Corr
0.69	DOMH	Dominari Holdings	Pair Corr
0.84	GCMGW	GCM Grosvenor	Pair Corr
0.66	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Mastercard Stock

0.36	TW	Tradeweb Markets	Pair Corr
0.35	WD	Walker Dunlop	Pair Corr
0.32	DHIL	Diamond Hill Investment	Pair Corr
0.71	EMCGW	Embrace Change Acqui	Pair Corr
0.61	EMCGR	Embrace Change Acqui	Pair Corr
0.56	DISTW	Distoken Acquisition	Pair Corr
0.5	VRTS	Virtus Investment	Pair Corr
0.43	LGHLW	Lion Financial Group	Pair Corr
0.4	DISTR	Distoken Acquisition	Pair Corr

Related Correlations Analysis

	AXP	PYPL	UPST	COF	V	ALLY	SOFI
AXP		0.6	0.58	0.72	0.02	0.8	0.78	AXP
PYPL	0.6		0.23	0.17	-0.47	0.31	0.72	PYPL
UPST	0.58	0.23		0.71	0.47	0.67	0.67	UPST
COF	0.72	0.17	0.71		0.61	0.93	0.66	COF
V	0.02	-0.47	0.47	0.61		0.47	0.07	V
ALLY	0.8	0.31	0.67	0.93	0.47		0.75	ALLY
SOFI	0.78	0.72	0.67	0.66	0.07	0.75		SOFI
	AXP	PYPL	UPST	COF	V	ALLY	SOFI

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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

ALLY	+ 0.93	COF
ALLY	+ 0.8	AXP
SOFI	+ 0.78	AXP
SOFI	+ 0.75	ALLY
COF	+ 0.72	AXP
SOFI	+ 0.72	PYPL

High negative correlations

- 0.47

PYPL

Risk-Adjusted Indicators

There is a big difference between Mastercard Stock performing well and Mastercard 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 Mastercard'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
AXP	1.23	(0.08)	0.00	(0.16)	0.00	0.00	2.10	(3.15)	8.33
PYPL	1.73	(0.37)	0.00	1.12	0.00	0.00	3.05	(3.29)	16.97
UPST	3.99	(0.18)	0.00	(0.17)	0.00	0.00	6.45	(7.47)	43.54
COF	1.69	0.06	0.00	(0.04)	0.00	0.00	3.46	(5.28)	9.74
V	0.79	0.17	0.16	0.14	1.12	(0.76)	1.65	(2.42)	5.06
ALLY	1.43	0.14	0.06	0.02	2.02	(1.36)	3.38	(3.67)	10.23
SOFI	3.38	(0.05)	0.00	(0.12)	0.00	0.00	6.71	(8.25)	19.68

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