Mills Music Correlations

MMTRS Stock

USD 32.50 0.74 2.33%

The current 90-days correlation between Mills Music Trust and ADM Endeavors is -0.09 (i.e., Good diversification). The correlation of Mills Music 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.

Mills Music Correlation With Market

Weak diversification

The correlation between Mills Music Trust and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mills Music Trust and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mills Pink Sheet

0.72	GPN	Global Payments	Pair Corr
0.77	SDXAY	Sodexo PK	Pair Corr
0.65	TLK	Telkom Indonesia Tbk	Pair Corr
0.78	PTAIY	Astra International Tbk	Pair Corr
0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.68	PPERF	Bank Mandiri Persero	Pair Corr
0.89	PBCRY	Bank Central Asia	Pair Corr

Moving against Mills Pink Sheet

0.77	SSNLF	Samsung Electronics	Pair Corr
0.72	WTKWY	Wolters Kluwer NV	Pair Corr
0.58	WOLTF	Wolters Kluwer NV	Pair Corr
0.35	TRI	Thomson Reuters Corp	Pair Corr
0.79	DSVSF	Discovery Metals Corp	Pair Corr
0.79	META	Meta Platforms Aggressive Push	Pair Corr
0.79	OKTA	Okta Inc	Pair Corr
0.76	SMSI	Smith Micro Software Earnings Call This Week	Pair Corr
0.72	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.68	DUOT	Duos Technologies	Pair Corr
0.65	WMT	Walmart Earnings Call This Week	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr
0.62	TD	Toronto Dominion Bank	Pair Corr
0.46	ANET	Arista Networks Earnings Call Tomorrow	Pair Corr
0.43	LLY	Eli Lilly	Pair Corr
0.42	COST	Costco Wholesale Corp	Pair Corr
0.36	MMSI	Merit Medical Systems	Pair Corr

Related Correlations Analysis

	CTGL	BWVI	DCMDF	ALJJ	ARMK	CVEO	ABM	ADMQ	MMS
CTGL		0.0	0.27	0.0	0.13	-0.27	0.2	0.33	0.25	CTGL
BWVI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BWVI
DCMDF	0.27	0.0		0.0	-0.01	0.24	0.16	-0.01	0.63	DCMDF
ALJJ	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ALJJ
ARMK	0.13	0.0	-0.01	0.0		0.09	0.76	0.47	-0.13	ARMK
CVEO	-0.27	0.0	0.24	0.0	0.09		0.46	0.28	0.47	CVEO
ABM	0.2	0.0	0.16	0.0	0.76	0.46		0.61	0.21	ABM
ADMQ	0.33	0.0	-0.01	0.0	0.47	0.28	0.61		0.25	ADMQ
MMS	0.25	0.0	0.63	0.0	-0.13	0.47	0.21	0.25		MMS
	CTGL	BWVI	DCMDF	ALJJ	ARMK	CVEO	ABM	ADMQ	MMS

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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

ABM	+ 0.76	ARMK
MMS	+ 0.63	DCMDF
ADMQ	+ 0.61	ABM
ADMQ	+ 0.47	ARMK
MMS	+ 0.47	CVEO
ABM	+ 0.46	CVEO

High negative correlations

CVEO	- 0.27	CTGL
MMS	- 0.13	ARMK
ADMQ	- 0.01	DCMDF
ARMK	- 0.01	DCMDF
MMS	- 0.0	ALJJ
ADMQ	- 0.0	ALJJ

Risk-Adjusted Indicators

There is a big difference between Mills Pink Sheet performing well and Mills Music 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 Mills Music'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
CTGL	1.99	(1.02)	0.00	1.74	0.00	0.00	0.00	0.00	66.67
BWVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DCMDF	2.22	(0.49)	0.00	(0.51)	0.00	0.00	4.90	(4.08)	33.01
ALJJ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARMK	1.23	(0.04)	0.00	(0.06)	0.00	0.00	2.76	(3.41)	7.74
CVEO	1.20	(0.05)	0.00	(4.47)	0.00	0.00	3.23	(2.14)	6.31
ABM	1.06	(0.12)	0.00	(0.20)	0.00	0.00	1.66	(2.42)	9.90
ADMQ	5.10	0.05	0.01	0.03	6.28	(7.71)	14.02	(10.09)	39.84
MMS	1.36	(0.44)	0.00	(0.93)	0.00	0.00	2.23	(2.87)	10.73

Be your own money manager

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

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