Murano Global Correlations

MRNO Stock

10.73 0.78 6.78%

The current 90-days correlation between Murano Global Investments and CVR Partners LP is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Murano Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murano Global Investments moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Murano Global Correlation With Market

Average diversification

The correlation between Murano Global Investments and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Murano Global Investments 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 Murano Global Investments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Murano Stock

0.63	O	Realty Income	Pair Corr
0.71	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.72	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.61	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.65	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.63	AHT-PG	Ashford Hospitality Trust	Pair Corr

Moving against Murano Stock

0.64	RMAX	Re Max Holding	Pair Corr
0.59	OZ	Belpointe PREP LLC	Pair Corr
0.49	PK	Park Hotels Resorts	Pair Corr
0.43	UE	Urban Edge Properties	Pair Corr
0.4	ADC-PA	Agree Realty	Pair Corr
0.37	CWK	Cushman Wakefield plc	Pair Corr
0.37	CIGI	Colliers International	Pair Corr
0.33	PW	Power REIT Earnings Call Tomorrow	Pair Corr
0.32	FSV	FirstService Corp	Pair Corr
0.32	RC	Ready Capital Corp	Pair Corr
0.64	WHLR	Wheeler Real Estate	Pair Corr
0.64	ABR	Arbor Realty Trust	Pair Corr
0.56	ESRT	Empire State Realty	Pair Corr
0.55	EXPI	eXp World Holdings	Pair Corr
0.54	ESBA	Empire State Realty	Pair Corr
0.54	AAT	American Assets Trust	Pair Corr
0.51	FISK	Empire State Realty	Pair Corr
0.46	VTMX	Corporacin Inmobiliaria	Pair Corr
0.31	EQIX	Equinix	Pair Corr

Related Correlations Analysis

	FKWL	AVY	UAN	ISRG	AXTA	BAK	MMSI	RBC
FKWL		-0.44	0.0	0.09	0.12	-0.13	0.21	0.66	FKWL
AVY	-0.44		0.24	0.33	0.15	0.33	-0.1	-0.53	AVY
UAN	0.0	0.24		0.6	0.63	0.64	0.64	0.2	UAN
ISRG	0.09	0.33	0.6		0.83	0.73	0.67	0.35	ISRG
AXTA	0.12	0.15	0.63	0.83		0.81	0.83	0.55	AXTA
BAK	-0.13	0.33	0.64	0.73	0.81		0.73	0.27	BAK
MMSI	0.21	-0.1	0.64	0.67	0.83	0.73		0.64	MMSI
RBC	0.66	-0.53	0.2	0.35	0.55	0.27	0.64		RBC
	FKWL	AVY	UAN	ISRG	AXTA	BAK	MMSI	RBC

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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

AXTA	+ 0.83	ISRG
MMSI	+ 0.83	AXTA
BAK	+ 0.81	AXTA
BAK	+ 0.73	ISRG
MMSI	+ 0.73	BAK
MMSI	+ 0.67	ISRG

High negative correlations

RBC	- 0.53	AVY
AVY	- 0.44	FKWL
BAK	- 0.13	FKWL
MMSI	- 0.1	AVY
UAN	- 0.0	FKWL

Risk-Adjusted Indicators

There is a big difference between Murano Stock performing well and Murano Global 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 Murano Global'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
FKWL	2.54	0.63	0.21	0.60	2.22	(3.21)	6.59	(4.53)	17.61
AVY	1.03	(0.12)	0.00	0.73	0.00	0.00	1.60	(2.41)	7.69
UAN	1.09	0.04	0.03	0.05	1.34	(1.11)	1.97	(1.80)	9.48
ISRG	1.57	(0.06)	0.00	(0.04)	0.00	0.00	2.28	(4.04)	14.53
AXTA	1.39	(0.09)	0.00	(0.07)	0.00	0.00	2.72	(2.99)	12.04
BAK	2.80	(0.15)	0.00	(0.19)	0.00	0.00	5.61	(4.88)	22.64
MMSI	1.21	0.08	0.06	0.09	1.32	(1.31)	2.95	(2.37)	7.42
RBC	1.24	0.06	0.05	0.08	1.32	(1.44)	3.35	(2.42)	11.50

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