Massimo Group Correlations

MAMO Stock

2.80 0.01 0.36%

The current 90-days correlation between Massimo Group Common and AMCON Distributing is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Massimo Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Massimo Group Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Massimo Group Correlation With Market

Average diversification

The correlation between Massimo Group Common and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Massimo Group Common 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 Massimo Group Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Massimo Stock

0.63	AN	AutoNation	Pair Corr
0.62	AS	Amer Sports,	Pair Corr
0.66	EM	Smart Share Global	Pair Corr

Moving against Massimo Stock

0.46	EZGO	EZGO Technologies	Pair Corr
0.44	HOG	Harley Davidson	Pair Corr
0.42	PII	Polaris Industries Sell-off Trend	Pair Corr
0.44	MBLY	Mobileye Global Class	Pair Corr
0.41	BH	Biglari Holdings	Pair Corr
0.4	M	Macys Inc	Pair Corr
0.48	MI	NFT Limited	Pair Corr
0.38	VC	Visteon Corp	Pair Corr

Related Correlations Analysis

	CB	FNF	DIT	UNFI	GSHD	MRRTY	UFCS	KLG
CB		0.84	-0.05	-0.44	0.55	-0.04	0.49	0.61	CB
FNF	0.84		-0.01	-0.05	0.81	-0.13	0.28	0.66	FNF
DIT	-0.05	-0.01		0.22	0.17	0.11	0.24	0.27	DIT
UNFI	-0.44	-0.05	0.22		0.33	-0.13	-0.49	-0.04	UNFI
GSHD	0.55	0.81	0.17	0.33		-0.22	0.11	0.62	GSHD
MRRTY	-0.04	-0.13	0.11	-0.13	-0.22		0.4	0.07	MRRTY
UFCS	0.49	0.28	0.24	-0.49	0.11	0.4		0.61	UFCS
KLG	0.61	0.66	0.27	-0.04	0.62	0.07	0.61		KLG
	CB	FNF	DIT	UNFI	GSHD	MRRTY	UFCS	KLG

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

FNF	+ 0.84	CB
GSHD	+ 0.81	FNF
KLG	+ 0.66	FNF
KLG	+ 0.62	GSHD
KLG	+ 0.61	CB
KLG	+ 0.61	UFCS

High negative correlations

UFCS	- 0.49	UNFI
UNFI	- 0.44	CB
MRRTY	- 0.22	GSHD
MRRTY	- 0.13	UNFI
MRRTY	- 0.13	FNF
UNFI	- 0.05	FNF

Risk-Adjusted Indicators

There is a big difference between Massimo Stock performing well and Massimo 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 Massimo 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
CB	1.00	0.14	0.15	0.35	1.09	(1.06)	2.22	(1.85)	5.98
FNF	1.11	0.18	0.13	0.19	1.35	(1.17)	2.50	(2.24)	6.45
DIT	2.89	(0.02)	0.00	(0.13)	0.00	0.00	7.08	(5.42)	23.72
UNFI	2.23	0.03	0.00	(0.05)	0.00	0.00	4.52	(4.88)	16.03
GSHD	2.12	0.17	0.07	0.07	2.35	(2.51)	4.49	(4.92)	21.17
MRRTY	3.32	0.00	0.00	(0.07)	0.00	0.00	7.87	(7.18)	27.81
UFCS	1.49	(0.02)	0.00	(0.10)	0.00	0.00	3.25	(3.68)	8.16
KLG	2.27	(0.07)	0.00	(0.37)	0.00	0.00	5.51	(6.67)	16.25

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC