MarketAxess Holdings Correlations

Stocks . USA . 
Stock . MarketAxess Holdings
MKTX Stock  USD 258.69  3.02  1.15%   
The current 90-days correlation between MarketAxess Holdings and Evercore Partners is -0.05 (i.e., Good diversification). The correlation of MarketAxess Holdings 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.

MarketAxess Holdings Correlation With Market

Good diversification

The correlation between MarketAxess Holdings and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MarketAxess Holdings 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 MarketAxess Holdings. 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.
For more information on how to buy MarketAxess Stock please use our How to Invest in MarketAxess Holdings guide.

Moving together with MarketAxess Stock

  0.71AB AllianceBernsteinPairCorr
  0.7AC Associated CapitalPairCorr
  0.64CG Carlyle GroupPairCorr
  0.64DB Deutsche Bank AGPairCorr
  0.66TW Tradeweb MarketsPairCorr
  0.63DYCQ DT Cloud AcquisitionPairCorr

Moving against MarketAxess Stock

  0.81RC Ready Capital CorpPairCorr
  0.65RM Regional Management CorpPairCorr
  0.45PT Pintec TechnologyPairCorr
  0.6BRACU Broad Capital AcquisitionPairCorr
  0.48ECPG Encore Capital GroupPairCorr
  0.42DMYY dMY Squared TechnologyPairCorr
  0.37WU Western Union Sell-off TrendPairCorr
  0.35PFTAU Portage Fintech AcquPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between MarketAxess Stock performing well and MarketAxess Holdings 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 MarketAxess Holdings' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
IBKR  1.26  0.45  0.33  0.42  0.84 
(1.47)
 3.14 
(1.75)
 13.76 
EVR  1.60  0.03  0.13  0.14  1.61 
(1.83)
 3.06 
(2.73)
 19.28 
PJT  1.50  0.16  0.28  0.19  0.90 
(2.04)
 3.55 
(2.04)
 18.44 
LPLA  1.38  0.41  0.42  0.40  0.65 
(1.87)
 3.76 
(2.05)
 12.79 
SF  1.22  0.19  0.30  0.22  0.66 
(1.54)
 3.01 
(1.97)
 16.31 
PIPR  1.50  0.05  0.19  0.14  1.17 
(1.84)
 3.07 
(2.70)
 22.79 
PWP  1.96  0.04  0.15  0.14  1.72 
(2.31)
 3.77 
(3.16)
 22.05 
LAZ  1.65  0.00  0.10  0.13  1.41 
(1.99)
 3.95 
(2.71)
 18.37 
MC  1.70 (0.12) 0.08  0.09  1.45 
(2.26)
 3.42 
(3.04)
 22.37 
HLI  1.24  0.11  0.14  0.19  1.04 
(1.34)
 2.31 
(2.04)
 12.41 

MarketAxess Holdings Corporate Management

Oliver HugginsGlobal OfficerProfile
Scott PintoffGeneral SecretaryProfile
Mary SedaratChief OfficerProfile
Nicholas ThemelisAdvisorProfile
Christophe RoupieHead APACProfile
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