Mill City Correlations

MCVT Stock

USD 2.01 0.05 2.55%

The current 90-days correlation between Mill City Ventures and Senmiao Technology is 0.07 (i.e., Significant diversification). The correlation of Mill City 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.

Mill City Correlation With Market

Modest diversification

The correlation between Mill City Ventures and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mill City Ventures 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 Mill City Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Mill Stock

0.65	PT	Pintec Technology	Pair Corr
0.7	RC	Ready Capital Corp	Pair Corr
0.67	RM	Regional Management Corp	Pair Corr
0.79	XP	Xp Inc Downward Rally	Pair Corr
0.64	BRACU	Broad Capital Acquisition	Pair Corr

Moving against Mill Stock

0.84	LX	Lexinfintech Holdings Trending	Pair Corr
0.82	TW	Tradeweb Markets	Pair Corr
0.78	AC	Associated Capital	Pair Corr
0.77	CG	Carlyle Group	Pair Corr
0.74	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.73	QD	Qudian Inc	Pair Corr
0.73	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.72	BN	Brookfield Corp	Pair Corr
0.66	LC	LendingClub Corp	Pair Corr
0.65	MA	Mastercard	Pair Corr
0.63	DIST	Distoken Acquisition	Pair Corr
0.63	AB	AllianceBernstein	Pair Corr
0.62	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.62	PX	P10 Inc	Pair Corr
0.61	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.48	DB	Deutsche Bank AG	Pair Corr
0.45	MC	Moelis	Pair Corr
0.43	LU	Lufax Holding Buyout Trend	Pair Corr
0.38	V	Visa Class A	Pair Corr
0.37	DHIL	Diamond Hill Investment	Pair Corr
0.37	WD	Walker Dunlop Normal Trading	Pair Corr
0.72	DYCQ	DT Cloud Acquisition	Pair Corr
0.7	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.59	GCMGW	GCM Grosvenor	Pair Corr
0.59	VRTS	Virtus Investment	Pair Corr
0.59	LGHLW	Lion Financial Group	Pair Corr
0.57	WT	WisdomTree	Pair Corr
0.49	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.44	DUET	DUET Acquisition Corp	Pair Corr

Related Correlations Analysis

	CPSS	ATLCP	NNI	AIHS	ENVA	IX	WRLD	FCFS	SLMBP	AGM-A
CPSS		0.71	-0.01	-0.57	0.71	-0.68	0.31	-0.7	-0.11	0.24	CPSS
ATLCP	0.71		-0.47	-0.44	0.85	-0.5	0.23	-0.61	-0.04	0.27	ATLCP
NNI	-0.01	-0.47		-0.03	-0.17	0.1	0.34	0.2	-0.04	-0.12	NNI
AIHS	-0.57	-0.44	-0.03		-0.69	0.9	-0.18	0.78	0.64	-0.21	AIHS
ENVA	0.71	0.85	-0.17	-0.69		-0.62	0.46	-0.67	-0.28	0.28	ENVA
IX	-0.68	-0.5	0.1	0.9	-0.62		-0.01	0.87	0.64	-0.33	IX
WRLD	0.31	0.23	0.34	-0.18	0.46	-0.01		0.05	0.3	-0.19	WRLD
FCFS	-0.7	-0.61	0.2	0.78	-0.67	0.87	0.05		0.58	-0.41	FCFS
SLMBP	-0.11	-0.04	-0.04	0.64	-0.28	0.64	0.3	0.58		-0.29	SLMBP
AGM-A	0.24	0.27	-0.12	-0.21	0.28	-0.33	-0.19	-0.41	-0.29		AGM-A
	CPSS	ATLCP	NNI	AIHS	ENVA	IX	WRLD	FCFS	SLMBP	AGM-A

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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

IX	+ 0.9	AIHS
FCFS	+ 0.87	IX
ENVA	+ 0.85	ATLCP
FCFS	+ 0.78	AIHS
ATLCP	+ 0.71	CPSS
ENVA	+ 0.71	CPSS

High negative correlations

FCFS	- 0.7	CPSS
ENVA	- 0.69	AIHS
IX	- 0.68	CPSS
FCFS	- 0.67	ENVA
IX	- 0.62	ENVA
FCFS	- 0.61	ATLCP

Risk-Adjusted Indicators

There is a big difference between Mill Stock performing well and Mill City 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 Mill City'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
CPSS	1.76	0.24	0.11	0.42	1.79	(2.08)	5.02	(3.60)	12.19
ATLCP	0.48	0.08	(0.04)	0.87	0.34	(0.60)	1.24	(0.87)	2.71
NNI	1.10	(0.20)	0.00	(0.04)	0.00	0.00	1.71	(2.08)	15.36
AIHS	3.36	(0.41)	0.00	(0.38)	0.00	0.00	6.62	(6.74)	23.93
ENVA	1.66	0.14	0.15	0.18	1.59	(1.95)	3.02	(3.16)	13.01
IX	1.08	(0.28)	0.00	(0.32)	0.00	0.00	2.10	(2.89)	7.11
WRLD	1.63	(0.18)	(0.04)	0.02	1.84	(1.84)	3.23	(3.22)	13.63
FCFS	1.16	(0.20)	0.00	(0.10)	0.00	0.00	2.52	(2.42)	9.46
SLMBP	0.33	(0.01)	(0.16)	0.04	0.65	(0.29)	0.75	(0.46)	3.53
AGM-A	1.12	0.31	0.14	10.23	0.64	(2.06)	3.43	(1.81)	12.97

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