Mannatech Incorporated Correlations

Mannatech Incorporated Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mannatech Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. For more information on how to buy Mannatech Stock please use our How to Invest in Mannatech Incorporated guide.

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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    SPB + 0.92 EPC HELE + 0.89 EPC SPB + 0.88 HELE HELE + 0.79 NUS SPB + 0.75 NUS NUS + 0.71 EPC

High negative correlations    EWCZ - 0.25 HELE EWCZ - 0.24 EPC EWCZ - 0.19 NUS SPB - 0.14 IPAR SPB - 0.09 EWCZ NUS - 0.05 IPAR

Risk-Adjusted Indicators

There is a big difference between Mannatech Stock performing well and Mannatech Incorporated 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 Mannatech Incorporated'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.