Marks Correlations

MKS Stock

364.70 9.90 2.79%

The current 90-days correlation between Marks and Spencer and Aurora Investment Trust is 0.35 (i.e., Weak diversification). The correlation of Marks 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.

Marks Correlation With Market

Good diversification

The correlation between Marks and Spencer and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marks and Spencer and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Marks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marks 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 Marks - 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 Marks and Spencer to buy it.

Moving against Marks Stock

0.87	TFG	Tetragon Financial	Pair Corr
0.8	OBI	Ondine Biomedical	Pair Corr
0.78	PCIP	PCI PAL PLC	Pair Corr
0.76	0G67	Sparebanken Vest	Pair Corr
0.7	0P6O	Volkswagen AG Non	Pair Corr
0.68	LIV	Livermore Investments	Pair Corr
0.67	API	abrdn Property Income Earnings Call This Week	Pair Corr
0.65	KGH	Knights Group Holdings	Pair Corr
0.63	0H00	Banco de Sabadell	Pair Corr
0.6	0HBC	Intesa Sanpaolo SpA	Pair Corr
0.57	0QB8	ASML Holding NV	Pair Corr
0.57	0QPU	Valiant Holding AG	Pair Corr
0.54	SLP	Sylvania Platinum	Pair Corr
0.49	0UMG	Universal Music Group	Pair Corr
0.48	0H30	Indutrade AB	Pair Corr
0.39	STJ	St Jamess Place	Pair Corr
0.78	0OP0	DMG Mori AG	Pair Corr
0.71	0R29	Intuitive Surgical	Pair Corr
0.68	MWE	MTI Wireless Edge Earnings Call This Week	Pair Corr
0.67	HIK	Hikma Pharmaceuticals PLC	Pair Corr
0.63	HSBA	HSBC Holdings PLC	Pair Corr
0.63	0KH0	PennantPark Floating Rate	Pair Corr
0.62	0P6S	Bayer AG NA Earnings Call Tomorrow	Pair Corr
0.6	0N4T	Nordea Bank Abp	Pair Corr
0.58	0NMU	Wolters Kluwer	Pair Corr
0.56	GTCO	Guaranty Trust Holding	Pair Corr

Related Correlations Analysis

	ARR	EJFI	CRN	MWE	YNGN	JADE	CHRY	HANA
ARR		0.14	-0.2	0.57	-0.48	0.51	0.04	-0.18	ARR
EJFI	0.14		-0.07	0.63	-0.73	0.66	0.07	0.25	EJFI
CRN	-0.2	-0.07		-0.41	0.23	0.19	0.65	0.25	CRN
MWE	0.57	0.63	-0.41		-0.72	0.68	-0.08	-0.02	MWE
YNGN	-0.48	-0.73	0.23	-0.72		-0.67	0.0	0.1	YNGN
JADE	0.51	0.66	0.19	0.68	-0.67		0.43	0.23	JADE
CHRY	0.04	0.07	0.65	-0.08	0.0	0.43		0.01	CHRY
HANA	-0.18	0.25	0.25	-0.02	0.1	0.23	0.01		HANA
	ARR	EJFI	CRN	MWE	YNGN	JADE	CHRY	HANA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

JADE	+ 0.68	MWE
JADE	+ 0.66	EJFI
CHRY	+ 0.65	CRN
MWE	+ 0.63	EJFI
MWE	+ 0.57	ARR
JADE	+ 0.51	ARR

High negative correlations

YNGN	- 0.73	EJFI
YNGN	- 0.72	MWE
JADE	- 0.67	YNGN
YNGN	- 0.48	ARR
MWE	- 0.41	CRN
CRN	- 0.2	ARR

Risk-Adjusted Indicators

There is a big difference between Marks Stock performing well and Marks 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 Marks' 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
ARR	0.89	0.07	0.11	0.56	0.95	(1.05)	2.30	(1.51)	5.23
EJFI	1.12	0.18	0.07	0.24	1.47	(2.21)	3.36	(3.25)	11.35
CRN	1.15	0.07	0.08	0.27	1.49	(1.22)	2.58	(2.23)	8.93
MWE	1.62	0.45	0.24	(1.00)	1.17	(2.71)	4.00	(2.70)	12.03
YNGN	1.27	(0.08)	0.00	(0.50)	0.00	0.00	2.55	(2.64)	7.00
JADE	2.47	0.78	0.13	(1.65)	1.72	(9.90)	8.33	(5.26)	25.26
CHRY	1.18	0.06	0.09	(1.21)	1.35	(1.25)	2.28	(2.30)	8.73
HANA	0.99	0.06	0.07	(1.19)	1.34	(1.34)	2.26	(3.04)	9.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Marks 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.

Did you try this?

Run Portfolio Manager Now

Portfolio Manager

State of the art Portfolio Manager to monitor and improve performance of your invested capital

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC