AG Mortgage Correlations

MITN Stock

25.36 0.04 0.16%

The current 90-days correlation between AG Mortgage Investment and DHI Group is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AG Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AG Mortgage Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AG Mortgage Correlation With Market

Good diversification

The correlation between AG Mortgage Investment and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AG Mortgage Investment 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 AG Mortgage Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with MITN Stock

0.8	DIST	Distoken Acquisition	Pair Corr
0.63	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.74	DX	Dynex Capital	Pair Corr
0.75	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.65	LB	LandBridge Company	Pair Corr
0.71	MC	Moelis	Pair Corr
0.68	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.74	PX	P10 Inc	Pair Corr
0.65	VALU	Value Line	Pair Corr
0.67	YHNAU	YHN Acquisition I	Pair Corr
0.73	VCTR	Victory Capital Holdings	Pair Corr
0.78	RJF-PB	Raymond James Financial	Pair Corr

Moving against MITN Stock

0.84	O	Realty Income	Pair Corr
0.78	XP	Xp Inc	Pair Corr
0.73	FR	First Industrial Realty	Pair Corr
0.72	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.7	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.63	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.54	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.51	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.41	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.8	ADC-PA	Agree Realty	Pair Corr
0.69	VICI	VICI Properties	Pair Corr
0.67	VNO-PL	Vornado Realty Trust	Pair Corr
0.67	VNO-PO	Vornado Realty Trust	Pair Corr
0.61	PSEC-PA	Prospect Capital Normal Trading	Pair Corr
0.48	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.44	BRACR	Broad Capital Acquisition	Pair Corr
0.41	VNO-PM	Vornado Realty Trust	Pair Corr
0.41	BRACU	Broad Capital Acquisition	Pair Corr

Related Correlations Analysis

	FSI	DHX	UBER	WFCF	WRN	MTX	APOG
FSI		-0.12	0.07	-0.11	-0.05	0.57	0.56	FSI
DHX	-0.12		-0.19	0.32	-0.35	0.0	-0.21	DHX
UBER	0.07	-0.19		-0.72	0.72	0.02	0.26	UBER
WFCF	-0.11	0.32	-0.72		-0.73	0.04	-0.18	WFCF
WRN	-0.05	-0.35	0.72	-0.73		0.08	0.29	WRN
MTX	0.57	0.0	0.02	0.04	0.08		0.84	MTX
APOG	0.56	-0.21	0.26	-0.18	0.29	0.84		APOG
	FSI	DHX	UBER	WFCF	WRN	MTX	APOG

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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

APOG	+ 0.84	MTX
WRN	+ 0.72	UBER
MTX	+ 0.57	FSI
APOG	+ 0.56	FSI
WFCF	+ 0.32	DHX
APOG	+ 0.29	WRN

High negative correlations

WRN	- 0.73	WFCF
WFCF	- 0.72	UBER
WRN	- 0.35	DHX
APOG	- 0.21	DHX
UBER	- 0.19	DHX
APOG	- 0.18	WFCF

Risk-Adjusted Indicators

There is a big difference between MITN Stock performing well and AG Mortgage 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 AG Mortgage'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
FSI	2.18	0.13	0.03	2.57	3.03	(2.38)	6.31	(4.00)	22.22
DHX	2.25	0.04	0.01	(0.20)	2.58	(3.14)	5.65	(5.35)	16.26
UBER	1.73	(0.12)	0.00	(0.69)	0.00	0.00	2.67	(5.35)	20.41
WFCF	1.74	0.13	0.04	1.59	2.78	(1.73)	3.40	(3.72)	12.53
WRN	1.85	(0.14)	0.00	1.09	0.00	0.00	2.97	(4.10)	20.61
MTX	1.23	(0.03)	0.00	(0.14)	0.00	0.00	2.40	(2.51)	13.23
APOG	1.66	0.08	0.04	0.89	1.78	(2.12)	2.78	(3.10)	28.75

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