Monarch Cement Correlations

MCEM Stock

USD 218.00 3.00 1.36%

The current 90-days correlation between Monarch Cement and Cementos Pacasmayo SAA is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monarch Cement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Monarch Cement moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Monarch Cement Correlation With Market

Significant diversification

The correlation between The Monarch Cement and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Monarch Cement and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Monarch Pink Sheet

0.83	ATCOL	Atlas Corp	Pair Corr
0.82	GCMGW	GCM Grosvenor	Pair Corr
0.84	WM	Waste Management	Pair Corr
0.77	T	ATT Inc Earnings Call Today	Pair Corr
0.73	KO	Coca Cola	Pair Corr
0.78	MMM	3M Company	Pair Corr
0.83	IBM	International Business	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr

Moving against Monarch Pink Sheet

0.61	AA	Alcoa Corp	Pair Corr
0.44	PCTTW	PureCycle Technologies	Pair Corr
0.4	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	EXP	SUM	CPAC	LOMA	USLM	JHX	HCMLY	HDELY	AHCHY	HCMLF
EXP		-0.72	0.03	0.69	0.77	0.66	-0.7	-0.72	-0.48	-0.77	EXP
SUM	-0.72		0.3	-0.69	-0.86	-0.23	0.64	0.66	0.49	0.62	SUM
CPAC	0.03	0.3		-0.16	-0.38	0.38	0.4	0.36	0.34	0.32	CPAC
LOMA	0.69	-0.69	-0.16		0.75	0.15	-0.62	-0.6	-0.59	-0.67	LOMA
USLM	0.77	-0.86	-0.38	0.75		0.24	-0.83	-0.77	-0.62	-0.76	USLM
JHX	0.66	-0.23	0.38	0.15	0.24		-0.22	-0.31	0.02	-0.29	JHX
HCMLY	-0.7	0.64	0.4	-0.62	-0.83	-0.22		0.87	0.79	0.91	HCMLY
HDELY	-0.72	0.66	0.36	-0.6	-0.77	-0.31	0.87		0.77	0.82	HDELY
AHCHY	-0.48	0.49	0.34	-0.59	-0.62	0.02	0.79	0.77		0.7	AHCHY
HCMLF	-0.77	0.62	0.32	-0.67	-0.76	-0.29	0.91	0.82	0.7		HCMLF
	EXP	SUM	CPAC	LOMA	USLM	JHX	HCMLY	HDELY	AHCHY	HCMLF

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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

HCMLF	+ 0.91	HCMLY
HDELY	+ 0.87	HCMLY
HCMLF	+ 0.82	HDELY
AHCHY	+ 0.79	HCMLY
USLM	+ 0.77	EXP
AHCHY	+ 0.77	HDELY

High negative correlations

USLM	- 0.86	SUM
HCMLY	- 0.83	USLM
HDELY	- 0.77	USLM
HCMLF	- 0.77	EXP
HCMLF	- 0.76	USLM
HDELY	- 0.72	EXP

Risk-Adjusted Indicators

There is a big difference between Monarch Pink Sheet performing well and Monarch Cement 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 Monarch Cement'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
EXP	1.36	(0.27)	0.00	(0.34)	0.00	0.00	2.25	(3.43)	7.34
SUM	0.58	0.16	0.30	(0.60)	0.34	(0.65)	1.54	(0.79)	9.88
CPAC	1.36	(0.05)	0.00	0.71	0.00	0.00	3.04	(2.90)	10.27
LOMA	2.62	(0.12)	0.00	(0.18)	0.00	0.00	5.19	(6.37)	13.80
USLM	1.87	(0.57)	0.00	(0.51)	0.00	0.00	2.67	(5.51)	9.59
JHX	1.51	(0.16)	0.00	(0.27)	0.00	0.00	3.40	(3.39)	12.30
HCMLY	1.16	0.23	0.14	0.20	1.52	(1.18)	2.54	(2.25)	8.76
HDELY	1.86	0.60	0.31	(5.55)	1.62	(2.16)	4.48	(2.77)	20.93
AHCHY	1.60	0.24	0.13	0.27	1.62	(1.79)	4.16	(2.92)	9.22
HCMLF	1.01	0.15	0.07	0.21	1.11	(3.15)	3.96	(2.88)	14.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in Monarch Cement 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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