Murano Global Correlations

MRNOW Stock

0.28 0.01 3.70%

The current 90-days correlation between Murano Global Investments and Regeneron Pharmaceuticals is -0.29 (i.e., Very good diversification). The correlation of Murano Global 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.

Murano Global Correlation With Market

Good diversification

The correlation between Murano Global Investments and DJI is -0.02 (i.e., Good 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 persons.

Moving together with Murano Stock

0.76	DX	Dynex Capital	Pair Corr
0.74	FR	First Industrial Realty	Pair Corr
0.75	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.76	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.79	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.74	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.63	MITT-PA	AG Mortgage Investment	Pair Corr
0.71	MITT-PC	AG Mortgage Investment	Pair Corr
0.77	WELL	Welltower	Pair Corr
0.64	CDR-PB	Cedar Realty Trust	Pair Corr
0.61	CDR-PC	Cedar Realty Trust	Pair Corr

Moving against Murano Stock

0.75	PK	Park Hotels Resorts	Pair Corr
0.56	UE	Urban Edge Properties	Pair Corr
0.55	PW	Power REIT	Pair Corr
0.54	KW	Kennedy Wilson Holdings	Pair Corr
0.51	OZ	Belpointe PREP LLC	Pair Corr
0.49	RC	Ready Capital Corp	Pair Corr
0.31	UK	Ucommune International	Pair Corr
0.52	ADC-PA	Agree Realty	Pair Corr
0.46	EQIX	Equinix	Pair Corr
0.79	AAT	American Assets Trust	Pair Corr
0.77	WHLR	Wheeler Real Estate	Pair Corr
0.77	FISK	Empire State Realty	Pair Corr
0.72	ESRT	Empire State Realty	Pair Corr
0.71	ESBA	Empire State Realty	Pair Corr
0.68	EXPI	eXp World Holdings	Pair Corr

Related Correlations Analysis

	REGN	ABCL	ABOS	CAH	INBX	NEOG	ALVO
REGN		-0.11	0.65	-0.57	0.53	0.56	-0.26	REGN
ABCL	-0.11		0.35	0.12	-0.1	0.38	0.69	ABCL
ABOS	0.65	0.35		-0.72	0.66	0.9	0.28	ABOS
CAH	-0.57	0.12	-0.72		-0.73	-0.66	-0.05	CAH
INBX	0.53	-0.1	0.66	-0.73		0.61	0.06	INBX
NEOG	0.56	0.38	0.9	-0.66	0.61		0.46	NEOG
ALVO	-0.26	0.69	0.28	-0.05	0.06	0.46		ALVO
	REGN	ABCL	ABOS	CAH	INBX	NEOG	ALVO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NEOG	+ 0.9	ABOS
ALVO	+ 0.69	ABCL
INBX	+ 0.66	ABOS
ABOS	+ 0.65	REGN
NEOG	+ 0.61	INBX
NEOG	+ 0.56	REGN

High negative correlations

INBX	- 0.73	CAH
CAH	- 0.72	ABOS
NEOG	- 0.66	CAH
CAH	- 0.57	REGN
ALVO	- 0.26	REGN
ABCL	- 0.11	REGN

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
REGN	1.62	(0.19)	0.00	(0.77)	0.00	0.00	2.82	(3.63)	9.27
ABCL	3.49	(0.01)	0.00	(0.11)	0.00	0.00	5.38	(7.67)	26.66
ABOS	3.00	(0.62)	0.00	(0.63)	0.00	0.00	6.57	(5.85)	19.77
CAH	0.81	0.13	0.14	0.11	1.13	(0.77)	1.82	(2.22)	6.21
INBX	2.56	(0.02)	0.00	(0.14)	0.00	0.00	5.73	(5.63)	16.41
NEOG	2.07	(0.45)	0.00	(1.00)	0.00	0.00	3.92	(5.06)	12.07
ALVO	1.57	0.01	0.05	(0.02)	2.19	(1.48)	4.44	(3.16)	11.96

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC