MDB Capital Correlations

MDBH Stock

6.43 0.13 2.06%

The current 90-days correlation between MDB Capital Holdings, and Bassett Furniture Industries is 0.16 (i.e., Average diversification). The correlation of MDB Capital 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.

MDB Capital Correlation With Market

Significant diversification

The correlation between MDB Capital Holdings, and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MDB Capital Holdings, 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 MDB Capital Holdings,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving against MDB Stock

0.46	KB	KB Financial Group	Pair Corr
0.42	WD	Walker Dunlop	Pair Corr

Related Correlations Analysis

	JBGS	ATHM	TMHC	FMCKO	BSET	HWKN	APD	VNO-PL
JBGS		-0.3	0.64	0.02	-0.28	0.65	0.19	0.32	JBGS
ATHM	-0.3		-0.02	-0.23	0.82	-0.68	0.43	0.56	ATHM
TMHC	0.64	-0.02		0.06	-0.28	0.43	0.65	0.34	TMHC
FMCKO	0.02	-0.23	0.06		-0.36	-0.06	0.01	-0.28	FMCKO
BSET	-0.28	0.82	-0.28	-0.36		-0.62	0.11	0.52	BSET
HWKN	0.65	-0.68	0.43	-0.06	-0.62		-0.21	-0.17	HWKN
APD	0.19	0.43	0.65	0.01	0.11	-0.21		0.38	APD
VNO-PL	0.32	0.56	0.34	-0.28	0.52	-0.17	0.38		VNO-PL
	JBGS	ATHM	TMHC	FMCKO	BSET	HWKN	APD	VNO-PL

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

BSET	+ 0.82	ATHM
HWKN	+ 0.65	JBGS
APD	+ 0.65	TMHC
TMHC	+ 0.64	JBGS
VNO-PL	+ 0.56	ATHM
VNO-PL	+ 0.52	BSET

High negative correlations

HWKN	- 0.68	ATHM
HWKN	- 0.62	BSET
BSET	- 0.36	FMCKO
ATHM	- 0.3	JBGS
VNO-PL	- 0.28	FMCKO
BSET	- 0.28	TMHC

Risk-Adjusted Indicators

There is a big difference between MDB Stock performing well and MDB Capital 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 MDB Capital'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
JBGS	1.69	(0.06)	0.00	(0.18)	0.00	0.00	3.16	(3.63)	8.74
ATHM	1.56	0.25	0.13	0.31	1.87	(1.57)	3.57	(3.41)	8.70
TMHC	1.56	(0.12)	0.00	(0.23)	0.00	0.00	3.35	(3.18)	8.18
FMCKO	1.64	0.14	0.07	0.12	2.09	(2.44)	4.15	(5.00)	17.48
BSET	1.50	0.09	0.08	0.41	2.12	(1.54)	3.43	(3.13)	8.05
HWKN	2.06	(0.19)	0.00	(0.29)	0.00	0.00	3.42	(4.05)	12.24
APD	1.11	(0.05)	0.00	(0.17)	0.00	0.00	2.38	(1.85)	8.35
VNO-PL	0.75	0.03	0.10	(0.02)	0.95	(0.83)	1.94	(1.64)	5.23

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC