Moodys Correlations

MCO Stock

USD 453.59 6.75 1.51%

The current 90-days correlation between Moodys and MSCI Inc is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Moodys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Moodys moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Moodys Correlation With Market

Poor diversification

The correlation between Moodys and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moodys 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 Moodys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Moodys Stock, please use our How to Invest in Moodys guide.

Moving together with Moodys Stock

0.9	NDAQ	Nasdaq Inc	Pair Corr
0.94	SPGI	SP Global	Pair Corr
0.78	C	Citigroup Earnings Call This Week	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.65	BK	Bank of New York	Pair Corr
0.82	BN	Brookfield Corp	Pair Corr
0.69	BY	Byline Bancorp	Pair Corr
0.74	FG	FG Annuities Life Normal Trading	Pair Corr
0.88	GS	Goldman Sachs Group	Pair Corr

Moving against Moodys Stock

0.45	VALU	Value Line	Pair Corr
0.48	EG	Everest Group	Pair Corr
0.36	CB	Chubb	Pair Corr
0.42	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	MSCI	ICE	CME	NDAQ	SPGI	FDS
MSCI		-0.57	-0.8	0.44	0.03	0.81	MSCI
ICE	-0.57		0.9	0.17	0.58	-0.53	ICE
CME	-0.8	0.9		-0.18	0.27	-0.71	CME
NDAQ	0.44	0.17	-0.18		0.79	0.47	NDAQ
SPGI	0.03	0.58	0.27	0.79		0.06	SPGI
FDS	0.81	-0.53	-0.71	0.47	0.06		FDS
	MSCI	ICE	CME	NDAQ	SPGI	FDS

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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

CME	+ 0.9	ICE
FDS	+ 0.81	MSCI
SPGI	+ 0.79	NDAQ
SPGI	+ 0.58	ICE
FDS	+ 0.47	NDAQ
NDAQ	+ 0.44	MSCI

High negative correlations

CME	- 0.8	MSCI
FDS	- 0.71	CME
ICE	- 0.57	MSCI
FDS	- 0.53	ICE
NDAQ	- 0.18	CME

Risk-Adjusted Indicators

There is a big difference between Moodys Stock performing well and Moodys 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 Moodys' 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
MSCI	1.07	(0.06)	0.00	(0.17)	0.00	0.00	1.84	(2.95)	8.21
ICE	0.85	0.21	0.25	0.22	0.85	(1.00)	2.06	(1.93)	6.28
CME	0.82	0.16	0.24	(4.98)	0.91	(0.86)	1.75	(1.85)	4.90
NDAQ	1.07	(0.05)	0.00	(0.17)	0.00	0.00	1.85	(2.70)	6.36
SPGI	0.96	(0.01)	0.00	(0.12)	0.00	0.00	1.74	(2.07)	8.24
FDS	0.87	(0.08)	0.00	(0.24)	0.00	0.00	1.78	(2.00)	6.44

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