Mobile Tornado Correlations
| MBT Stock | 1.40 0.05 3.70% |
The current 90-days correlation between Mobile Tornado Group and Zoom Video Communications is 0.07 (i.e., Significant diversification). The correlation of Mobile Tornado 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.
Mobile Tornado Correlation With Market
Weak diversification
The correlation between Mobile Tornado Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mobile Tornado Group and DJI in the same portfolio, assuming nothing else is changed.
Mobile |
The ability to find closely correlated positions to Mobile Tornado could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mobile Tornado 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 Mobile Tornado - 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 Mobile Tornado Group to buy it.
Moving together with Mobile Stock
| 0.77 | BGEO | Bank of Georgia | PairCorr |
| 0.69 | SMDS | DS Smith PLC | PairCorr |
| 0.67 | 0HPW | Broadridge Financial | PairCorr |
| 0.63 | 0I9F | Digital Realty Trust | PairCorr |
| 0.64 | MNKS | Monks Investment Trust | PairCorr |
| 0.67 | 0K2K | Molson Coors Beverage | PairCorr |
| 0.74 | 0HW4 | Charter Communications | PairCorr |
| 0.79 | DOM | Dominos Pizza Group | PairCorr |
Moving against Mobile Stock
| 0.66 | OOA | Octopus Aim Vct | PairCorr |
| 0.49 | IIG | Intuitive Investments | PairCorr |
| 0.49 | BLU | Blue Star Capital | PairCorr |
| 0.47 | RIO | Rio Tinto PLC | PairCorr |
| 0.46 | MARS | Marstons PLC | 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 Mobile Stock performing well and Mobile Tornado 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 Mobile Tornado'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0A1O | 1.47 | 0.32 | 0.11 | 1.24 | 2.07 | 3.63 | 13.63 | |||
| CAPD | 1.46 | 0.02 | (0.01) | (0.06) | 1.83 | 3.70 | 9.48 | |||
| 0HW4 | 1.60 | 0.14 | 0.04 | (0.32) | 2.23 | 3.38 | 19.79 | |||
| 0R6V | 1.21 | (0.39) | 0.00 | (0.63) | 0.00 | 1.44 | 19.37 | |||
| BBH | 0.84 | (0.10) | 0.00 | (0.31) | 0.00 | 1.91 | 6.01 | |||
| MBT | 2.78 | 0.64 | 0.09 | 0.36 | 2.68 | 15.74 | 34.10 | |||
| EAH | 2.25 | (0.56) | 0.00 | (2.44) | 0.00 | 4.76 | 21.65 | |||
| ZEG | 1.74 | 0.17 | 0.09 | 0.27 | 1.65 | 3.85 | 11.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mobile Tornado 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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Mobile Tornado Corporate Management
Elected by the shareholders, the Mobile Tornado's board of directors comprises two types of representatives: Mobile Tornado inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mobile. The board's role is to monitor Mobile Tornado's management team and ensure that shareholders' interests are well served. Mobile Tornado's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mobile Tornado's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andres Duarte | Head Americas | Profile | |
| Eddie Leschinsky | Global PreSales | Profile | |
| Louise Ashton | Head Marketing | Profile | |
| Shahar Doron | Managing Labs | Profile | |
| Marcus Emptage | Group Controller | Profile |