Mercer International Correlations

MERC Stock

USD 6.51 0.11 1.66%

The correlation of Mercer International 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.

Mercer International Correlation With Market

Average diversification

The correlation between Mercer International and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercer International 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 Mercer International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Mercer Stock refer to our How to Trade Mercer Stock guide.

Moving against Mercer Stock

0.6	NG	NovaGold Resources Earnings Call Tomorrow	Pair Corr
0.57	CE	Celanese	Pair Corr
0.48	SA	Seabridge Gold Earnings Call Tomorrow	Pair Corr
0.46	AA	Alcoa Corp	Pair Corr
0.38	CF	CF Industries Holdings	Pair Corr
0.38	FF	FutureFuel Corp	Pair Corr
0.36	IE	Ivanhoe Electric	Pair Corr
0.35	WS	Worthington Steel	Pair Corr
0.34	CC	Chemours	Pair Corr
0.33	SLVM	Sylvamo Corp	Pair Corr
0.54	CDE	Coeur Mining	Pair Corr
0.43	AMR	Alpha Metallurgical	Pair Corr
0.43	BCC	Boise Cascad Llc	Pair Corr
0.4	FEAM	5E Advanced Materials	Pair Corr
0.4	ALB	Albemarle Corp	Pair Corr
0.38	ALB-PA	Albemarle	Pair Corr
0.37	FMST	Foremost Lithium Resource	Pair Corr
0.35	HYMCW	Hycroft Mining Holding	Pair Corr
0.35	CBT	Cabot	Pair Corr
0.32	ASH	Ashland Global Holdings	Pair Corr

Related Correlations Analysis

	GLT	SLVM	SUZ	UPMMY	CLW	KLBAY	MONDY	HLMNY	CFPUF	SPPJY
GLT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLT
SLVM	0.0		0.74	-0.74	0.66	0.41	-0.71	0.0	0.56	0.0	SLVM
SUZ	0.0	0.74		-0.25	0.8	0.3	-0.33	0.0	0.56	0.0	SUZ
UPMMY	0.0	-0.74	-0.25		-0.34	-0.19	0.84	0.0	-0.31	0.0	UPMMY
CLW	0.0	0.66	0.8	-0.34		0.38	-0.5	0.0	0.34	0.0	CLW
KLBAY	0.0	0.41	0.3	-0.19	0.38		-0.31	0.0	0.06	0.0	KLBAY
MONDY	0.0	-0.71	-0.33	0.84	-0.5	-0.31		0.0	-0.49	0.0	MONDY
HLMNY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HLMNY
CFPUF	0.0	0.56	0.56	-0.31	0.34	0.06	-0.49	0.0		0.0	CFPUF
SPPJY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SPPJY
	GLT	SLVM	SUZ	UPMMY	CLW	KLBAY	MONDY	HLMNY	CFPUF	SPPJY

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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

MONDY	+ 0.84	UPMMY
CLW	+ 0.8	SUZ
SUZ	+ 0.74	SLVM
CLW	+ 0.66	SLVM
CFPUF	+ 0.56	SLVM
CFPUF	+ 0.56	SUZ

High negative correlations

UPMMY	- 0.74	SLVM
MONDY	- 0.71	SLVM
MONDY	- 0.5	CLW
CFPUF	- 0.49	MONDY
CLW	- 0.34	UPMMY
MONDY	- 0.33	SUZ

Risk-Adjusted Indicators

There is a big difference between Mercer Stock performing well and Mercer International 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 Mercer International'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
GLT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLVM	1.62	(0.34)	0.00	(0.34)	0.00	0.00	2.58	(2.88)	12.09
SUZ	1.00	(0.10)	0.00	(0.34)	0.00	0.00	1.88	(2.28)	6.24
UPMMY	1.21	0.09	0.09	0.31	1.40	(1.29)	2.97	(2.42)	7.70
CLW	2.42	0.14	0.04	0.03	2.79	(2.91)	4.47	(4.74)	30.82
KLBAY	2.35	0.04	0.00	(0.03)	0.00	0.00	5.53	(6.99)	21.87
MONDY	1.52	0.12	0.08	0.13	1.78	(1.76)	3.37	(3.45)	11.25
HLMNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CFPUF	1.88	(0.21)	0.00	0.30	0.00	0.00	6.25	(9.26)	33.36
SPPJY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Mercer International Corporate Management

Genevieve CPA	VP Treasurer	Profile
Genevieve Stannus	VP Treasurer	Profile
Adolf Koppensteiner	Chief Products	Profile
Andr Listemann	Managing Stendal	Profile
Guy Arguin	Chief Officer	Profile
Carsten Merforth	Chief Products	Profile

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