Mader Group Correlations

MADGF Stock

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The current 90-days correlation between Mader Group Limited and Mesa Air Group is 0.06 (i.e., Significant diversification). The correlation of Mader Group 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.

Mader Group Correlation With Market

Good diversification

The correlation between Mader Group Limited and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mader Group Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mader Pink Sheet

0.65	CTAS	Cintas Earnings Call Tomorrow	Pair Corr
0.82	TRI	Thomson Reuters	Pair Corr
0.79	TLPFY	Teleperformance PK	Pair Corr
0.74	WM	Waste Management	Pair Corr
0.71	T	ATT Inc Earnings Call Today	Pair Corr
0.72	IBM	International Business	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.64	VZ	Verizon Communications	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.63	MMM	3M Company	Pair Corr

Moving against Mader Pink Sheet

0.55	MRK	Merck Company	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.49	GPN	Global Payments	Pair Corr
0.37	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	DINO	ALTO	HIHO	RYAAY	PH	HMY	MESA
DINO		0.45	0.12	-0.31	0.79	0.04	0.61	DINO
ALTO	0.45		0.38	-0.46	0.41	-0.44	0.77	ALTO
HIHO	0.12	0.38		-0.79	-0.12	-0.65	0.48	HIHO
RYAAY	-0.31	-0.46	-0.79		0.03	0.67	-0.56	RYAAY
PH	0.79	0.41	-0.12	0.03		0.14	0.52	PH
HMY	0.04	-0.44	-0.65	0.67	0.14		-0.46	HMY
MESA	0.61	0.77	0.48	-0.56	0.52	-0.46		MESA
	DINO	ALTO	HIHO	RYAAY	PH	HMY	MESA

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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

PH	+ 0.79	DINO
MESA	+ 0.77	ALTO
HMY	+ 0.67	RYAAY
MESA	+ 0.61	DINO
MESA	+ 0.52	PH
MESA	+ 0.48	HIHO

High negative correlations

RYAAY	- 0.79	HIHO
HMY	- 0.65	HIHO
MESA	- 0.56	RYAAY
MESA	- 0.46	HMY
RYAAY	- 0.46	ALTO
HMY	- 0.44	ALTO

Risk-Adjusted Indicators

There is a big difference between Mader Pink Sheet performing well and Mader Group 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 Mader Group'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
DINO	1.88	(0.06)	0.00	(0.12)	0.00	0.00	3.90	(4.79)	12.94
ALTO	3.48	0.05	0.00	(0.02)	0.00	0.00	9.70	(6.00)	19.74
HIHO	1.01	0.00	0.03	(0.01)	1.45	(1.20)	2.21	(2.16)	8.10
RYAAY	1.55	0.11	0.07	0.06	1.75	(1.77)	3.53	(3.09)	12.11
PH	1.27	(0.02)	0.00	(0.08)	0.00	0.00	2.27	(3.50)	10.15
HMY	2.25	0.59	0.22	1.64	2.32	(2.48)	5.01	(4.36)	13.50
MESA	3.17	(0.08)	0.00	(0.12)	0.00	0.00	9.48	(7.20)	28.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mader Group 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.

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