Mutual Federal Correlations

MFDB Stock

USD 3.00 0.00 0.00%

The current 90-days correlation between Mutual Federal Bancorp and Eurobank Ergasias Services is -0.05 (i.e., Good diversification). The correlation of Mutual Federal 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.

Mutual Federal Correlation With Market

Significant diversification

The correlation between Mutual Federal Bancorp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mutual Federal Bancorp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Mutual Federal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mutual Federal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mutual Federal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mutual Federal Bancorp to buy it.

Moving together with Mutual Pink Sheet

0.67	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.74	AAPL	Apple Inc	Pair Corr
0.61	TDUP	ThredUp	Pair Corr
0.66	BKSY	Blacksky Technology Sell-off Trend	Pair Corr
0.7	GOOGL	Alphabet Class A Aggressive Push	Pair Corr

Moving against Mutual Pink Sheet

0.72	PKX	POSCO Holdings	Pair Corr
0.66	SWZNF	Schweizerische Nationalbank	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.58	HYMTF	Hyundai Motor	Pair Corr
0.56	BBAS3	Banco do Brasil	Pair Corr
0.55	BBDC4	Banco Bradesco SA	Pair Corr
0.52	BNPQF	BNP Paribas SA	Pair Corr
0.49	BNPQY	BNP Paribas SA	Pair Corr

Related Correlations Analysis

	EGFEF	SGBLY	PBCRY	PSBQ	UOVEY	CIBEY	TKGBY	BHKLY
EGFEF		0.16	0.41	-0.6	-0.5	-0.36	-0.2	0.19	EGFEF
SGBLY	0.16		0.59	-0.2	-0.58	0.44	-0.82	0.46	SGBLY
PBCRY	0.41	0.59		-0.41	-0.58	0.11	-0.37	0.33	PBCRY
PSBQ	-0.6	-0.2	-0.41		0.75	0.43	0.36	-0.57	PSBQ
UOVEY	-0.5	-0.58	-0.58	0.75		0.16	0.61	-0.54	UOVEY
CIBEY	-0.36	0.44	0.11	0.43	0.16		-0.12	-0.14	CIBEY
TKGBY	-0.2	-0.82	-0.37	0.36	0.61	-0.12		-0.57	TKGBY
BHKLY	0.19	0.46	0.33	-0.57	-0.54	-0.14	-0.57		BHKLY
	EGFEF	SGBLY	PBCRY	PSBQ	UOVEY	CIBEY	TKGBY	BHKLY

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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

UOVEY	+ 0.75	PSBQ
TKGBY	+ 0.61	UOVEY
PBCRY	+ 0.59	SGBLY
BHKLY	+ 0.46	SGBLY
CIBEY	+ 0.44	SGBLY
CIBEY	+ 0.43	PSBQ

High negative correlations

TKGBY	- 0.82	SGBLY
PSBQ	- 0.6	EGFEF
UOVEY	- 0.58	PBCRY
UOVEY	- 0.58	SGBLY
BHKLY	- 0.57	TKGBY
BHKLY	- 0.57	PSBQ

Risk-Adjusted Indicators

There is a big difference between Mutual Pink Sheet performing well and Mutual Federal 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 Mutual Federal'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
EGFEF	0.29	0.06	0.00	0.38	0.00	0.00	0.00	0.00	7.18
SGBLY	1.17	(0.19)	0.00	(0.78)	0.00	0.00	1.98	(2.32)	6.56
PBCRY	1.40	(0.23)	0.00	(0.69)	0.00	0.00	2.35	(3.09)	9.32
PSBQ	0.49	0.00	(0.02)	0.03	0.78	(1.07)	1.45	(1.42)	7.52
UOVEY	0.75	0.16	0.16	0.69	0.69	(0.90)	1.55	(1.26)	9.11
CIBEY	1.20	(0.15)	0.00	(5.48)	0.00	0.00	2.63	(2.56)	8.30
TKGBY	2.10	0.27	0.09	(0.37)	2.25	(2.83)	5.17	(4.05)	15.16
BHKLY	1.10	(0.04)	0.00	(0.42)	0.00	0.00	1.86	(2.84)	7.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mutual Federal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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