Mister Car Correlations

MCW Stock  USD 8.17  0.03  0.37%   
The correlation of Mister Car 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.

Mister Car Correlation With Market

Very weak diversification

The correlation between Mister Car Wash, and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mister Car Wash, 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 Mister Car Wash,. 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.

Moving together with Mister Stock

  0.81JD JD Inc Adr Aggressive PushPairCorr

Moving against Mister Stock

  0.67FL Foot LockerPairCorr
  0.56KFS Kingsway FinancialPairCorr
  0.55SDA SunCar TechnologyPairCorr
  0.5CARS Cars IncPairCorr
  0.48M Macys IncPairCorr
  0.44H Hyatt HotelsPairCorr
  0.41BC BrunswickPairCorr
  0.39W WayfairPairCorr
  0.71WW WW InternationalPairCorr
  0.64QS Quantumscape Corp Aggressive PushPairCorr
  0.6LE Lands End Earnings Call This WeekPairCorr
  0.59TH Target Hospitality CorpPairCorr
  0.56UA Under Armour CPairCorr
  0.55RH RH Earnings Call This WeekPairCorr
  0.53GM General Motors Aggressive PushPairCorr
  0.53SG SweetgreenPairCorr
  0.33VC Visteon CorpPairCorr

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   
ROLBFAM
EMBFAM
FTDRCSV
ROLEM
ROLSCI
SCICSV
  
High negative correlations   
ROLFTDR
SCIEM
FTDRBFAM
SCIBFAM
FTDREM
SCIFTDR

Risk-Adjusted Indicators

There is a big difference between Mister Stock performing well and Mister Car 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 Mister Car'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.

Mister Car Corporate Management

Mayra ChimientiVice President - Operations ServicesProfile
Lisa FunkGeneral Counsel, Company SecretaryProfile
Jonathan SeifferDirectorProfile
John DanhaklDirectorProfile
Markus HartmannGeneral CounselProfile
Markus JDGeneral CounselProfile