MusclePharm Correlations
The correlation of MusclePharm 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.
MusclePharm |
The ability to find closely correlated positions to MusclePharm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MusclePharm 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 MusclePharm - 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 MusclePharm to buy it.
Moving together with MusclePharm Pink Sheet
| 0.67 | BKRKY | Bank Rakyat | PairCorr |
| 0.66 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.63 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.65 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.8 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against MusclePharm Pink Sheet
| 0.68 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.58 | WMT | Walmart | PairCorr |
| 0.58 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
| 0.51 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.49 | GOOGL | Alphabet Class A Aggressive Push | PairCorr |
| 0.4 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MusclePharm Pink Sheet performing well and MusclePharm 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 MusclePharm'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCMI | 1.61 | 0.00 | (0.01) | 0.00 | 2.27 | 3.68 | 14.85 | |||
| SPHR | 2.09 | (0.02) | 0.00 | 0.31 | 0.00 | 5.19 | 14.27 | |||
| IAS | 1.58 | 0.04 | 0.01 | 0.09 | 2.94 | 3.26 | 23.54 | |||
| GBCI | 1.55 | 0.23 | 0.11 | 0.71 | 1.67 | 3.24 | 16.78 | |||
| RDCM | 2.50 | 0.29 | 0.07 | (1.31) | 3.41 | 4.76 | 21.11 | |||
| GETY | 2.54 | (0.58) | 0.00 | (0.93) | 0.00 | 4.70 | 26.04 | |||
| PLTK | 1.29 | (0.14) | 0.00 | 1.52 | 0.00 | 1.99 | 10.85 |
MusclePharm Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MusclePharm pink sheet to make a market-neutral strategy. Peer analysis of MusclePharm could also be used in its relative valuation, which is a method of valuing MusclePharm by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in MusclePharm?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.