MCB Investment Correlations
| MCBIM Stock | 62.60 2.58 3.96% |
The current 90-days correlation between MCB Investment Manag and Unity Foods is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MCB Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MCB Investment Manag moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
MCB Investment Correlation With Market
Average diversification
The correlation between MCB Investment Manag and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MCB Investment Manag and DJI in the same portfolio, assuming nothing else is changed.
MCB |
The ability to find closely correlated positions to MCB Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MCB Investment 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 MCB Investment - 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 MCB Investment Manag to buy it.
Moving together with MCB Stock
| 0.9 | ASL | Aisha Steel Mills | PairCorr |
| 0.91 | WTL | WorldCall Telecom | PairCorr |
| 0.91 | ABL | Allied Bank | PairCorr |
| 0.93 | APL | Attock Petroleum | PairCorr |
| 0.83 | MLCF | Maple Leaf Cement | PairCorr |
| 0.88 | PSO | Pakistan State Oil | PairCorr |
| 0.89 | ESBL | Escorts Investment Bank | PairCorr |
| 0.85 | LOADS | Loads | PairCorr |
| 0.67 | EPCL | Engro Polymer Chemicals | PairCorr |
| 0.85 | AICL | Adamjee Insurance | PairCorr |
| 0.86 | MARI | Mari Petroleum | PairCorr |
| 0.77 | INIL | International Industries | PairCorr |
| 0.75 | FCCL | Fauji Cement | PairCorr |
| 0.81 | AGP | AGP | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between MCB Stock performing well and MCB Investment 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 MCB Investment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UNITY | 1.98 | 0.41 | 0.20 | 1.48 | 1.66 | 5.67 | 13.03 | |||
| NATF | 1.24 | 0.19 | 0.11 | (1.41) | 1.36 | 3.67 | 7.92 | |||
| GAL | 2.96 | 1.31 | 0.39 | 3.99 | 2.49 | 9.05 | 16.85 | |||
| DSL | 2.09 | 0.13 | 0.05 | (0.33) | 2.07 | 4.99 | 14.67 | |||
| UPFL | 0.89 | 0.37 | 0.36 | 5.06 | 0.50 | 2.40 | 5.96 |
MCB Investment Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MCB Investment stock to make a market-neutral strategy. Peer analysis of MCB Investment could also be used in its relative valuation, which is a method of valuing MCB Investment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |