Marygold Companies Correlations

MGLD Stock

USD 0.96 0.04 4.35%

The current 90-days correlation between Marygold Companies and MFS Investment Grade is -0.02 (i.e., Good diversification). The correlation of Marygold Companies 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.

Marygold Companies Correlation With Market

Good diversification

The correlation between Marygold Companies and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marygold Companies 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 Marygold Companies. 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 economic analysis.

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

Moving together with Marygold Stock

0.82	ORGN	Origin Materials	Pair Corr
0.73	PYPL	PayPal Holdings	Pair Corr
0.75	BITF	Bitfarms	Pair Corr
0.69	CODI	Compass Diversified	Pair Corr

Moving against Marygold Stock

0.86	V	Visa Class A	Pair Corr
0.82	GDST	Goldenstone Acquisition	Pair Corr
0.73	MA	Mastercard	Pair Corr
0.66	WSBF	Waterstone Financial	Pair Corr
0.48	OPFI	OppFi Inc	Pair Corr
0.41	PT	Pintec Technology	Pair Corr
0.41	RENEW	Cartesian Growth	Pair Corr
0.79	COOP	Mr Cooper Group	Pair Corr
0.78	BK	Bank of New York	Pair Corr
0.74	BBDC	Barings BDC	Pair Corr
0.62	SNFCA	Security National Earnings Call This Week	Pair Corr
0.56	AC	Associated Capital	Pair Corr
0.44	L	Loews Corp	Pair Corr
0.36	AB	AllianceBernstein	Pair Corr
0.32	C	Citigroup	Pair Corr
0.86	LX	Lexinfintech Holdings	Pair Corr
0.81	GL	Globe Life	Pair Corr
0.75	DB	Deutsche Bank AG	Pair Corr
0.59	LU	Lufax Holding	Pair Corr
0.44	CB	Chubb	Pair Corr
0.36	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	CXH	IHTA	EOT	NXC	FMN	CBH	MHN	IHIT	JHAA
CXH		0.0	0.84	0.64	0.84	0.0	0.79	0.0	0.0	CXH
IHTA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	IHTA
EOT	0.84	0.0		0.61	0.91	0.0	0.82	0.0	0.0	EOT
NXC	0.64	0.0	0.61		0.71	0.0	0.55	0.0	0.0	NXC
FMN	0.84	0.0	0.91	0.71		0.0	0.83	0.0	0.0	FMN
CBH	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CBH
MHN	0.79	0.0	0.82	0.55	0.83	0.0		0.0	0.0	MHN
IHIT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	IHIT
JHAA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		JHAA
	CXH	IHTA	EOT	NXC	FMN	CBH	MHN	IHIT	JHAA

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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

FMN	+ 0.91	EOT
EOT	+ 0.84	CXH
FMN	+ 0.84	CXH
MHN	+ 0.83	FMN
MHN	+ 0.82	EOT
MHN	+ 0.79	CXH

High negative correlations

JHAA	- 0.0	IHIT
JHAA	- 0.0	MHN
IHIT	- 0.0	MHN
JHAA	- 0.0	CBH
IHIT	- 0.0	CBH
MHN	- 0.0	CBH

Risk-Adjusted Indicators

There is a big difference between Marygold Stock performing well and Marygold Companies 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 Marygold Companies' 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
CXH	0.38	0.00	0.00	(0.11)	0.00	0.00	0.76	(1.00)	2.37
IHTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOT	0.47	(0.03)	0.00	(0.20)	0.00	0.00	1.01	(1.28)	2.87
NXC	0.36	0.01	0.13	(0.02)	0.43	(0.38)	0.78	(0.68)	1.98
FMN	0.45	(0.02)	0.00	(0.19)	0.00	0.00	0.81	(0.99)	3.01
CBH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MHN	0.47	(0.02)	0.00	(0.18)	0.00	0.00	0.87	(1.06)	2.81
IHIT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JHAA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Marygold Companies Corporate Management

Stuart Crumbaugh	Chief Officer	Profile
Carolyn Yu	Chief Officer	Profile
Ian Gass	Chief UK	Profile
Kathryn Rooney	Chief Director	Profile
John CFA	Chief USCF	Profile
Scott West	Chief Officer	Profile

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