MICS Old Correlations

Summary

MICSDelisted Stock

USD 0.35 0.05 16.67%

The correlation of MICS Old 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.

MICS Old Correlation With Market

Good diversification

The correlation between MICS Old and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MICS Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 against MICS Stock

0.69	AAPL	Apple Inc	Pair Corr
0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.6	FSLY	Fastly Inc	Pair Corr
0.59	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.58	TDUP	ThredUp	Pair Corr
0.53	BKSY	Blacksky Technology Sell-off Trend	Pair Corr
0.53	SHOP	Shopify	Pair Corr
0.48	DIS	Walt Disney Sell-off Trend	Pair Corr
0.33	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	KOSS	MSN	WLDS	ZEPP	WLDSW	AAPL	SONO	UTME	LPL	GPRO
KOSS		-0.17	0.04	-0.01	0.1	0.57	0.3	-0.08	-0.14	-0.29	KOSS
MSN	-0.17		0.75	0.77	-0.57	-0.77	-0.75	-0.58	0.86	0.7	MSN
WLDS	0.04	0.75		0.84	-0.69	-0.5	-0.81	-0.67	0.86	0.37	WLDS
ZEPP	-0.01	0.77	0.84		-0.62	-0.52	-0.71	-0.52	0.8	0.55	ZEPP
WLDSW	0.1	-0.57	-0.69	-0.62		0.62	0.8	0.16	-0.74	-0.28	WLDSW
AAPL	0.57	-0.77	-0.5	-0.52	0.62		0.74	0.27	-0.74	-0.66	AAPL
SONO	0.3	-0.75	-0.81	-0.71	0.8	0.74		0.38	-0.9	-0.36	SONO
UTME	-0.08	-0.58	-0.67	-0.52	0.16	0.27	0.38		-0.49	-0.27	UTME
LPL	-0.14	0.86	0.86	0.8	-0.74	-0.74	-0.9	-0.49		0.53	LPL
GPRO	-0.29	0.7	0.37	0.55	-0.28	-0.66	-0.36	-0.27	0.53		GPRO
	KOSS	MSN	WLDS	ZEPP	WLDSW	AAPL	SONO	UTME	LPL	GPRO

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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

LPL	+ 0.86	MSN
LPL	+ 0.86	WLDS
ZEPP	+ 0.84	WLDS
LPL	+ 0.8	ZEPP
SONO	+ 0.8	WLDSW
ZEPP	+ 0.77	MSN

High negative correlations

LPL	- 0.9	SONO
SONO	- 0.81	WLDS
AAPL	- 0.77	MSN
SONO	- 0.75	MSN
LPL	- 0.74	AAPL
LPL	- 0.74	WLDSW

Risk-Adjusted Indicators

There is a big difference between MICS Stock performing well and MICS Old 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 MICS Old'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
KOSS	2.75	0.12	0.04	0.26	2.83	(3.17)	6.79	(4.41)	16.61
MSN	1.74	(0.20)	0.00	1.25	0.00	0.00	4.65	(5.66)	12.52
WLDS	6.22	(0.61)	0.00	(0.30)	0.00	0.00	14.00	(13.25)	62.28
ZEPP	3.72	(0.32)	0.00	(2.06)	0.00	0.00	10.38	(7.09)	24.98
WLDSW	192.05	101.42	2.97	(5.10)	25.96	(300.04)	1,158	(35.00)	2,120
AAPL	0.84	0.11	0.08	1.11	1.06	(0.85)	1.67	(2.14)	4.76
SONO	1.84	0.38	0.15	0.89	2.13	(1.94)	3.78	(3.32)	11.24
UTME	11.82	2.24	0.13	0.44	13.71	(14.85)	28.86	(15.52)	284.51
LPL	1.61	(0.35)	0.00	(3.46)	0.00	0.00	2.39	(3.63)	10.87
GPRO	2.87	(0.18)	0.00	(0.26)	0.00	0.00	6.19	(6.25)	26.69

Delisting Warning - MICS

MICS Old was delisted

The entity MICS Old with a symbol MICS was delisted from NASDAQ Exchange. Please try Algorhythm Holdings, with a symbol RIME from now on. Check all delisted instruments accross multiple markets.

MICS Old Corporate Management

Gary Atkinson	CEO Chairman	Profile
Bernardo Melo	Chief Director	Profile
Brendan Hopkins	Investor Contact	Profile
Lionel Marquis	Chief Officer	Profile

Still Interested in MICS Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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