Mesabi Trust Correlations

MSB Stock

USD 28.74 0.23 0.81%

The current 90-days correlation between Mesabi Trust and Olympic Steel is 0.14 (i.e., Average diversification). The correlation of Mesabi Trust 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.

Mesabi Trust Correlation With Market

Average diversification

The correlation between Mesabi Trust and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mesabi Trust 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 Mesabi Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For information on how to trade Mesabi Stock refer to our How to Trade Mesabi Stock guide.

Moving together with Mesabi Stock

0.69	WLKP	Westlake Chemical	Pair Corr
0.64	HMY	Harmony Gold Mining Earnings Call Today	Pair Corr
0.68	AU	AngloGold Ashanti plc	Pair Corr

Moving against Mesabi Stock

0.67	EGO	Eldorado Gold Corp	Pair Corr
0.62	WS	Worthington Steel	Pair Corr
0.58	CE	Celanese	Pair Corr
0.57	AA	Alcoa Corp	Pair Corr
0.46	GGB	Gerdau SA ADR	Pair Corr
0.45	CMC	Commercial Metals	Pair Corr
0.42	DOW	Dow Inc	Pair Corr
0.41	TX	Ternium SA ADR	Pair Corr
0.41	HUN	Huntsman	Pair Corr
0.39	SID	Companhia Siderurgica Earnings Call This Week	Pair Corr
0.37	SIM	Grupo Simec SAB	Pair Corr
0.34	PKX	POSCO Holdings	Pair Corr
0.71	EU	enCore Energy Corp	Pair Corr
0.7	ASTL	Algoma Steel Group	Pair Corr
0.68	VHI	Valhi Inc Earnings Call This Week	Pair Corr
0.65	TROX	Tronox Holdings PLC	Pair Corr
0.63	AG	First Majestic Silver Aggressive Push	Pair Corr
0.53	CSTM	Constellium Nv Trending	Pair Corr
0.51	ZKIN	ZK International	Pair Corr
0.45	CTGO	Contango ORE	Pair Corr
0.42	CENX	Century Aluminum Buyout Trend	Pair Corr
0.42	CC	Chemours Earnings Call Today	Pair Corr
0.41	KALU	Kaiser Aluminum	Pair Corr
0.39	CF	CF Industries Holdings	Pair Corr

Related Correlations Analysis

	TMST	ZEUS	PKX	OUTKY	SCHN	USNZY	RS	MT	TX
TMST		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TMST
ZEUS	0.0		0.71	0.7	0.0	0.8	0.88	0.33	0.87	ZEUS
PKX	0.0	0.71		0.44	0.0	0.52	0.72	-0.06	0.74	PKX
OUTKY	0.0	0.7	0.44		0.0	0.8	0.72	0.73	0.62	OUTKY
SCHN	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SCHN
USNZY	0.0	0.8	0.52	0.8	0.0		0.79	0.59	0.81	USNZY
RS	0.0	0.88	0.72	0.72	0.0	0.79		0.49	0.85	RS
MT	0.0	0.33	-0.06	0.73	0.0	0.59	0.49		0.29	MT
TX	0.0	0.87	0.74	0.62	0.0	0.81	0.85	0.29		TX
	TMST	ZEUS	PKX	OUTKY	SCHN	USNZY	RS	MT	TX

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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

RS	+ 0.88	ZEUS
TX	+ 0.87	ZEUS
TX	+ 0.85	RS
TX	+ 0.81	USNZY
USNZY	+ 0.8	ZEUS
USNZY	+ 0.8	OUTKY

High negative correlations

MT	- 0.06	PKX
TX	- 0.0	SCHN
MT	- 0.0	SCHN
RS	- 0.0	SCHN
USNZY	- 0.0	SCHN
SCHN	- 0.0	OUTKY

Risk-Adjusted Indicators

There is a big difference between Mesabi Stock performing well and Mesabi Trust 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 Mesabi Trust'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
TMST	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZEUS	1.95	(0.19)	0.00	(0.23)	0.00	0.00	4.04	(3.71)	10.92
PKX	1.58	(0.14)	0.00	(0.18)	0.00	0.00	3.50	(3.76)	10.64
OUTKY	1.67	0.11	0.02	(0.23)	2.20	(6.24)	6.88	(6.08)	15.54
SCHN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USNZY	2.81	(0.11)	0.00	0.22	0.00	0.00	7.95	(4.59)	16.96
RS	1.15	(0.07)	0.00	(0.09)	0.00	0.00	2.21	(2.37)	5.60
MT	1.59	0.15	0.09	0.35	1.50	(2.03)	3.52	(2.67)	13.85
TX	1.39	(0.23)	0.00	(6.84)	0.00	0.00	2.58	(3.37)	7.48

Mesabi Trust Corporate Management

Robert Berglund	Trustee	Profile
Jeffrey Schoenfeld	Co Trustee	Profile
Robin Radke	Trustee	Profile
James Ehrenberg	Trustee	Profile
Michael Mlinar	Trustee	Profile

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