MagIndustries Corp Correlations

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagIndustries Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in MagIndustries Stock please use our How to Invest in MagIndustries Corp guide.

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    NTR + 0.87 IPI CTVA + 0.86 NTR CTVA + 0.83 IPI CTVA + 0.8 AVD MOS + 0.79 AVD FMC + 0.77 CF

High negative correlations    FMC - 0.21 NTR FMC - 0.12 CTVA

Risk-Adjusted Indicators

There is a big difference between MagIndustries Stock performing well and MagIndustries Corp 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 MagIndustries Corp'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.