Micropac Industries Correlations

MPAD Stock

USD 19.81 0.01 0.05%

The current 90-days correlation between Micropac Industries and Morningstar Unconstrained Allocation is -0.02 (i.e., Good diversification). The correlation of Micropac Industries 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.

Micropac Industries Correlation With Market

Good diversification

The correlation between Micropac Industries 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 Micropac Industries and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Micropac Pink Sheet

0.65	SSNLF	Samsung Electronics	Pair Corr
0.69	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.85	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.67	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.92	BAC	Bank of America Aggressive Push	Pair Corr
0.88	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.81	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.92	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Micropac Pink Sheet

0.92	TLK	Telkom Indonesia Tbk	Pair Corr
0.91	BKRKY	Bank Rakyat	Pair Corr
0.91	PPERY	Bank Mandiri Persero	Pair Corr
0.85	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.77	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.74	PBCRY	Bank Central Asia	Pair Corr
0.73	BKRKF	PT Bank Rakyat	Pair Corr
0.59	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.47	PBCRF	PT Bank Central	Pair Corr
0.38	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	BCPPF	AXLX	AVIFY	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX
BCPPF		0.0	0.23	-0.48	0.54	0.0	-0.3	0.73	0.47	0.15	BCPPF
AXLX	0.0		0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0	AXLX
AVIFY	0.23	0.0		-0.63	0.52	0.0	0.07	0.37	0.46	0.54	AVIFY
444859BR2	-0.48	0.0	-0.63		-0.59	0.0	0.04	-0.56	-0.55	-0.5	444859BR2
SCRYY	0.54	0.0	0.52	-0.59		0.0	0.15	0.59	0.48	0.35	SCRYY
AQUI	0.0	1.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AQUI
APAAX	-0.3	0.0	0.07	0.04	0.15	0.0		-0.09	0.47	0.25	APAAX
SCRYX	0.73	0.0	0.37	-0.56	0.59	0.0	-0.09		0.7	0.62	SCRYX
LBHIX	0.47	0.0	0.46	-0.55	0.48	0.0	0.47	0.7		0.69	LBHIX
MSTSX	0.15	0.0	0.54	-0.5	0.35	0.0	0.25	0.62	0.69		MSTSX
	BCPPF	AXLX	AVIFY	444859BR2	SCRYY	AQUI	APAAX	SCRYX	LBHIX	MSTSX

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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

AQUI	+ 1.0	AXLX
SCRYX	+ 0.73	BCPPF
LBHIX	+ 0.7	SCRYX
MSTSX	+ 0.69	LBHIX
MSTSX	+ 0.62	SCRYX
SCRYX	+ 0.59	SCRYY

High negative correlations

444859BR2	- 0.63	AVIFY
SCRYY	- 0.59	444859BR2
SCRYX	- 0.56	444859BR2
LBHIX	- 0.55	444859BR2
MSTSX	- 0.5	444859BR2
444859BR2	- 0.48	BCPPF

Risk-Adjusted Indicators

There is a big difference between Micropac Pink Sheet performing well and Micropac Industries 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 Micropac Industries' 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
BCPPF	0.09	0.04	0.00	(0.43)	0.00	0.00	0.00	0.00	2.90
AXLX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVIFY	2.49	0.27	0.04	1.61	2.71	(5.45)	9.48	(5.61)	20.20
444859BR2	1.36	(0.01)	0.00	0.16	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.06	0.26	0.07	1.64	2.00	(2.90)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APAAX	0.14	0.02	(0.38)	(0.13)	0.14	(0.18)	0.31	(0.31)	1.13
SCRYX	0.95	(0.05)	0.02	0.09	0.91	(1.07)	2.10	(1.69)	7.88
LBHIX	0.12	0.01	(0.44)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.08	0.50	(0.60)	1.21	(1.02)	2.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Micropac Industries 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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Micropac Industries Corporate Executives

Elected by the shareholders, the Micropac Industries' board of directors comprises two types of representatives: Micropac Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Micropac. The board's role is to monitor Micropac Industries' management team and ensure that shareholders' interests are well served. Micropac Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Micropac Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.

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