Marti Technologies Correlations

MRT Stock

USD 2.87 0.32 10.03%

The current 90-days correlation between Marti Technologies and Broadleaf Co is 0.17 (i.e., Average diversification). The correlation of Marti Technologies 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.

Marti Technologies Correlation With Market

Average diversification

The correlation between Marti Technologies and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marti Technologies 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 Marti Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Marti Stock please use our How to Invest in Marti Technologies guide.

Moving against Marti Stock

0.45	DOMO	Domo Inc	Pair Corr
0.34	ML	MoneyLion	Pair Corr
0.46	EXFY	Expensify	Pair Corr
0.42	CXM	Sprinklr	Pair Corr
0.38	WDAY	Workday	Pair Corr
0.35	WALD	Waldencast Acquisition	Pair Corr
0.35	WALDW	Waldencast Acquisition	Pair Corr

Related Correlations Analysis

	VRRM	BRDLF	IH	NSC	ODFL	RBLX	AGAE	GLXZ
VRRM		0.09	-0.76	0.75	0.74	0.76	-0.1	-0.32	VRRM
BRDLF	0.09		0.21	0.33	-0.12	0.27	0.73	0.43	BRDLF
IH	-0.76	0.21		-0.4	-0.64	-0.52	0.48	0.54	IH
NSC	0.75	0.33	-0.4		0.74	0.79	0.35	0.1	NSC
ODFL	0.74	-0.12	-0.64	0.74		0.57	-0.19	-0.24	ODFL
RBLX	0.76	0.27	-0.52	0.79	0.57		0.28	-0.15	RBLX
AGAE	-0.1	0.73	0.48	0.35	-0.19	0.28		0.68	AGAE
GLXZ	-0.32	0.43	0.54	0.1	-0.24	-0.15	0.68		GLXZ
	VRRM	BRDLF	IH	NSC	ODFL	RBLX	AGAE	GLXZ

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

RBLX	+ 0.79	NSC
RBLX	+ 0.76	VRRM
NSC	+ 0.75	VRRM
ODFL	+ 0.74	VRRM
ODFL	+ 0.74	NSC
AGAE	+ 0.73	BRDLF

High negative correlations

IH	- 0.76	VRRM
ODFL	- 0.64	IH
RBLX	- 0.52	IH
NSC	- 0.4	IH
GLXZ	- 0.32	VRRM
GLXZ	- 0.24	ODFL

Risk-Adjusted Indicators

There is a big difference between Marti Stock performing well and Marti Technologies 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 Marti Technologies' 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
VRRM	1.25	(0.15)	0.00	(0.43)	0.00	0.00	2.23	(2.50)	14.15
BRDLF	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20
IH	2.99	0.73	0.18	(1.84)	3.61	(3.46)	9.49	(4.07)	34.80
NSC	1.04	(0.04)	0.00	(0.13)	0.00	0.00	2.00	(2.70)	6.43
ODFL	1.57	(0.21)	0.00	(0.25)	0.00	0.00	2.41	(3.62)	13.98
RBLX	1.99	0.14	0.04	0.06	3.14	(1.95)	3.85	(4.00)	15.46
AGAE	2.97	0.55	0.14	1.05	3.66	(3.33)	6.00	(5.66)	22.41
GLXZ	0.62	0.02	0.10	0.31	0.68	(0.84)	1.79	(1.38)	3.89

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