MTN Group Correlations
| MTNOF Stock | USD 4.48 0.00 0.00% |
The current 90-days correlation between MTN Group Limited and Joint Stock is 0.09 (i.e., Significant diversification). The correlation of MTN Group 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.
MTN Group Correlation With Market
Good diversification
The correlation between MTN Group Limited and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MTN Group Limited and DJI in the same portfolio, assuming nothing else is changed.
MTN |
The ability to find closely correlated positions to MTN Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MTN Group 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 MTN Group - 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 MTN Group Limited to buy it.
Moving against MTN Pink Sheet
| 0.86 | MFG | Mizuho Financial | PairCorr |
| 0.77 | MZHOF | Mizuho Financial | PairCorr |
| 0.76 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.72 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.71 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.67 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.65 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.5 | DTEGF | Deutsche Telekom | PairCorr |
| 0.77 | SMWB | SimilarWeb | PairCorr |
| 0.74 | PRMRF | Paramount Resources | PairCorr |
| 0.69 | MCK | McKesson | PairCorr |
| 0.68 | PAM | Pampa Energia SA | PairCorr |
| 0.65 | SQ | Block Inc | PairCorr |
| 0.64 | COST | Costco Wholesale Corp | PairCorr |
| 0.63 | AI | C3 Ai Inc | PairCorr |
| 0.62 | OSOL | Osprey Solana Trust Upward Rally | PairCorr |
| 0.59 | ALL | Allstate | PairCorr |
| 0.53 | BEN | Franklin Resources | PairCorr |
| 0.46 | DSGN | Design Therapeutics | PairCorr |
| 0.39 | AAPL | Apple Inc Sell-off Trend | PairCorr |
| 0.35 | VRSN | VeriSign | PairCorr |
| 0.74 | REFI | Chicago Atlantic Real | PairCorr |
| 0.72 | BKNG | Booking Holdings | PairCorr |
| 0.67 | DPZ | Dominos Pizza Common | PairCorr |
| 0.66 | KKR | KKR Co LP | PairCorr |
| 0.62 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.62 | CME | CME Group Sell-off Trend | 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 MTN Pink Sheet performing well and MTN Group 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 MTN Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHX | 2.21 | (0.03) | 0.00 | 0.17 | 0.00 | 5.65 | 16.26 | |||
| CDNS | 1.70 | 0.24 | 0.10 | 2.89 | 2.12 | 2.92 | 18.93 | |||
| ASUR | 1.93 | 0.15 | 0.05 | 0.14 | 2.93 | 5.27 | 19.48 | |||
| NATH | 1.63 | 0.00 | 0.00 | 0.03 | 2.01 | 3.50 | 10.65 | |||
| WEST | 2.85 | 0.13 | 0.04 | 0.17 | 3.32 | 6.50 | 18.80 | |||
| KSPI | 1.77 | (0.02) | 0.00 | 0.08 | 0.00 | 4.60 | 13.08 | |||
| WFCF | 1.60 | 0.32 | 0.14 | 8.20 | 1.81 | 3.40 | 12.53 | |||
| KRUS | 2.64 | 0.44 | 0.13 | 1.13 | 3.15 | 6.67 | 15.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MTN Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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MTN Group Corporate Management
| Mazen Mroue | Group Officer | Profile | |
| Jens SchulteBockum | Group Officer | Profile | |
| MA MBA | Group Officer | Profile | |
| Zolisa Masiza | Chief Officer | Profile | |
| BCompt BA | Group Director | Profile |