Marcus Millichap Correlations

MMI Stock

USD 35.41 0.39 1.09%

The current 90-days correlation between Marcus Millichap and Fathom Holdings is 0.22 (i.e., Modest diversification). The correlation of Marcus Millichap 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.

Marcus Millichap Correlation With Market

Very weak diversification

The correlation between Marcus Millichap and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marcus Millichap 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 Marcus Millichap. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more detail on how to invest in Marcus Stock please use our How to Invest in Marcus Millichap guide.

Moving together with Marcus Stock

0.79	FRPH	Frp Holdings Ord	Pair Corr
0.64	KW	Kennedy Wilson Holdings	Pair Corr
0.72	UE	Urban Edge Properties	Pair Corr
0.62	EQIX	Equinix	Pair Corr

Moving against Marcus Stock

0.42	MAYS	J W Mays	Pair Corr
0.38	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	NEN	MAYS	FSV	MLP	CPTP	FRPH	TCI	FTHM	RMAX	HOUS
NEN		0.31	-0.01	-0.04	0.0	-0.01	-0.26	0.08	0.06	-0.13	NEN
MAYS	0.31		-0.26	-0.25	0.0	-0.22	-0.12	-0.36	-0.41	-0.62	MAYS
FSV	-0.01	-0.26		0.77	0.0	0.55	0.13	0.81	0.8	0.31	FSV
MLP	-0.04	-0.25	0.77		0.0	0.53	0.18	0.79	0.83	0.24	MLP
CPTP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CPTP
FRPH	-0.01	-0.22	0.55	0.53	0.0		-0.12	0.36	0.46	0.52	FRPH
TCI	-0.26	-0.12	0.13	0.18	0.0	-0.12		0.12	0.08	-0.01	TCI
FTHM	0.08	-0.36	0.81	0.79	0.0	0.36	0.12		0.91	0.18	FTHM
RMAX	0.06	-0.41	0.8	0.83	0.0	0.46	0.08	0.91		0.42	RMAX
HOUS	-0.13	-0.62	0.31	0.24	0.0	0.52	-0.01	0.18	0.42		HOUS
	NEN	MAYS	FSV	MLP	CPTP	FRPH	TCI	FTHM	RMAX	HOUS

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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

RMAX	+ 0.91	FTHM
RMAX	+ 0.83	MLP
FTHM	+ 0.81	FSV
RMAX	+ 0.8	FSV
FTHM	+ 0.79	MLP
MLP	+ 0.77	FSV

High negative correlations

HOUS	- 0.62	MAYS
RMAX	- 0.41	MAYS
FTHM	- 0.36	MAYS
FSV	- 0.26	MAYS
TCI	- 0.26	NEN
MLP	- 0.25	MAYS

Risk-Adjusted Indicators

There is a big difference between Marcus Stock performing well and Marcus Millichap 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 Marcus Millichap'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
NEN	1.54	0.08	0.09	(0.26)	1.48	(2.65)	4.39	(3.08)	12.59
MAYS	1.10	(0.16)	0.00	(3.81)	0.00	0.00	3.24	(3.61)	16.26
FSV	0.96	(0.12)	0.00	(0.24)	0.00	0.00	2.00	(2.62)	5.89
MLP	1.79	(0.20)	0.00	(0.27)	0.00	0.00	4.19	(3.61)	13.66
CPTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRPH	1.12	(0.12)	0.00	(0.22)	0.00	0.00	1.81	(3.61)	7.96
TCI	1.63	(0.01)	0.03	0.16	1.88	(2.07)	4.17	(3.13)	12.24
FTHM	3.70	(0.96)	0.00	(0.72)	0.00	0.00	9.45	(8.28)	20.34
RMAX	2.17	(0.32)	0.00	(0.32)	0.00	0.00	4.32	(3.69)	17.71
HOUS	3.22	(0.01)	0.00	(0.08)	0.00	0.00	6.03	(7.40)	19.40

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