Mercedes-Benz Group Correlations
| MBGYY Stock | USD 15.92 0.08 0.51% |
The correlation of Mercedes-Benz 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Mercedes-Benz Group Correlation With Market
Modest diversification
The correlation between Mercedes Benz Group AG and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercedes Benz Group AG and DJI in the same portfolio, assuming nothing else is changed.
Mercedes-Benz |
The ability to find closely correlated positions to Mercedes-Benz 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 Mercedes-Benz 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 Mercedes-Benz 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 Mercedes Benz Group AG to buy it.
Moving together with Mercedes-Benz Pink Sheet
| 0.83 | BYDDY | BYD Co | PairCorr |
| 0.82 | BYDDF | BYD Limited | PairCorr |
| 0.97 | VWAGY | Volkswagen AG 110 | PairCorr |
| 1.0 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.9 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.93 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.96 | VLKAF | Volkswagen AG | PairCorr |
| 0.66 | PKX | POSCO Holdings | PairCorr |
| 0.86 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.86 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.7 | NHNCF | NAVER Corp | PairCorr |
| 0.85 | WM | Waste Management | PairCorr |
| 0.65 | DNSKF | Danske Bank AS Normal Trading | PairCorr |
| 0.89 | AEM | Agnico Eagle Mines | PairCorr |
| 0.68 | GOODN | Gladstone Commercial Corp | PairCorr |
| 0.65 | GTN | Gray Television | PairCorr |
| 0.75 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.8 | FINV | FinVolution Group | PairCorr |
| 0.68 | INGVF | ING Groep NV | PairCorr |
| 0.78 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.89 | SKFOF | Sika AG | PairCorr |
| 0.84 | WVVI | Willamette Valley | PairCorr |
| 0.71 | SUNFF | Sun Life Financial | PairCorr |
| 0.85 | ANPMF | Andean Precious Metals | PairCorr |
Moving against Mercedes-Benz Pink Sheet
| 0.58 | KB | KB Financial Group | PairCorr |
| 0.32 | HYMTF | Hyundai Motor | PairCorr |
| 0.53 | SHWZ | Medicine Man Technologies | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Mercedes-Benz Pink Sheet performing well and Mercedes-Benz 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 Mercedes-Benz 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BMWYY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| POAHY | 1.24 | 0.12 | 0.09 | 1.38 | 1.51 | 2.97 | 7.98 | |||
| VWAGY | 1.52 | 0.31 | 0.18 | 0.62 | 1.52 | 3.33 | 10.00 | |||
| NSANY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MBGAF | 1.40 | 0.17 | 0.13 | 0.38 | 1.42 | 3.03 | 7.44 | |||
| VWAPY | 1.42 | 0.27 | 0.16 | (1.34) | 1.66 | 3.37 | 9.34 | |||
| VLKAF | 1.63 | 0.31 | 0.17 | 0.53 | 1.64 | 4.41 | 8.86 | |||
| POAHF | 1.86 | 0.20 | 0.08 | 0.55 | 2.40 | 4.08 | 10.31 | |||
| RACE | 1.37 | 0.03 | 0.02 | 0.00 | 1.86 | 2.73 | 11.93 | |||
| VLKPF | 2.52 | 0.29 | 0.09 | 4.40 | 2.83 | 6.16 | 16.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mercedes-Benz 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.Did you try this?
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Mercedes-Benz Group Corporate Management
| Renata Brungger | Head Board | Profile | |
| Thomas Laubert | Head Department | Profile | |
| Ola Kallenius | Chairman CEO | Profile | |
| Markus Schafer | CTO Board | Profile | |
| Harald Wilhelm | CFO Board | Profile | |
| Steffen Hoffmann | Head Treasury | Profile | |
| Britta Seeger | Head Board | Profile |