AG Mortgage Correlations

MITP Stock   25.47  0.04  0.16%   
The current 90-days correlation between AG Mortgage Investment and Chemours Co is 0.14 (i.e., Average diversification). The correlation of AG Mortgage 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.

AG Mortgage Correlation With Market

Significant diversification

The correlation between AG Mortgage Investment and DJI is 0.03 (i.e., Significant 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 MITP Stock

  0.75VACH Voyager Acquisition CorpPairCorr
  0.7VCIC Vine Hill CapitalPairCorr
  0.83RJF-PB Raymond James FinancialPairCorr

Moving against MITP Stock

  0.68XP Xp IncPairCorr
  0.64HR Healthcare Realty TrustPairCorr
  0.62O Realty IncomePairCorr
  0.61WT WisdomTreePairCorr
  0.55FR First Industrial RealtyPairCorr
  0.51DHIL Diamond Hill InvestmentPairCorr
  0.5WY Weyerhaeuser Earnings Call TomorrowPairCorr
  0.46AC Associated CapitalPairCorr
  0.33BX Blackstone Group Earnings Call TomorrowPairCorr
  0.32AHT-PF Ashford Hospitality TrustPairCorr
  0.69VICI VICI PropertiesPairCorr
  0.68PSEC-PA Prospect CapitalPairCorr
  0.66ADC-PA Agree RealtyPairCorr
  0.48VINP Vinci Partners InvesPairCorr
  0.44VALU Value LinePairCorr
  0.4VNO-PO Vornado Realty TrustPairCorr
  0.39BRACR Broad Capital AcquisitionPairCorr

Related Correlations Analysis

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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   
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RACEORGN
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High negative correlations   
CFRACE
CFORGN
CFSCL
CFAVNT
CFBWA
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Risk-Adjusted Indicators

There is a big difference between MITP 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.