Mobile World Correlations

MWG Stock

60,000 800.00 1.32%

The current 90-days correlation between Mobile World Investment and Post and Telecommunications is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mobile World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mobile World Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mobile World Correlation With Market

Good diversification

The correlation between Mobile World Investment 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 Mobile World Investment and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Mobile World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mobile World 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 Mobile World - 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 Mobile World Investment to buy it.

Moving together with Mobile Stock

0.7	FIT	FIT INVEST JSC	Pair Corr
0.75	ADS	Damsan JSC	Pair Corr
0.79	AAA	An Phat Plastic	Pair Corr
0.81	AME	Alphanam ME	Pair Corr
0.67	ABT	Bentre Aquaproduct Import	Pair Corr

Related Correlations Analysis

	PTC	ELC	BIC	ITD	CTS	PTI	ICT
PTC		-0.52	-0.49	-0.68	0.73	-0.37	-0.64	PTC
ELC	-0.52		0.71	0.5	-0.51	0.09	0.66	ELC
BIC	-0.49	0.71		0.26	-0.7	0.16	0.7	BIC
ITD	-0.68	0.5	0.26		-0.4	0.27	0.59	ITD
CTS	0.73	-0.51	-0.7	-0.4		-0.22	-0.76	CTS
PTI	-0.37	0.09	0.16	0.27	-0.22		0.19	PTI
ICT	-0.64	0.66	0.7	0.59	-0.76	0.19		ICT
	PTC	ELC	BIC	ITD	CTS	PTI	ICT

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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

CTS	+ 0.73	PTC
BIC	+ 0.71	ELC
ICT	+ 0.7	BIC
ICT	+ 0.66	ELC
ICT	+ 0.59	ITD
ITD	+ 0.5	ELC

High negative correlations

ICT	- 0.76	CTS
CTS	- 0.7	BIC
ITD	- 0.68	PTC
ICT	- 0.64	PTC
ELC	- 0.52	PTC
CTS	- 0.51	ELC

Risk-Adjusted Indicators

There is a big difference between Mobile Stock performing well and Mobile World 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 Mobile World'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
PTC	1.74	(0.06)	0.00	0.55	0.00	0.00	4.53	(3.42)	11.19
ELC	1.03	0.18	0.06	0.77	1.17	(1.11)	2.66	(2.04)	7.38
BIC	1.14	0.02	(0.04)	0.23	1.46	(1.23)	2.39	(2.40)	6.86
ITD	1.21	0.17	0.04	0.72	1.59	(1.55)	2.84	(2.22)	12.11
CTS	1.20	(0.09)	0.00	(0.36)	0.00	0.00	2.14	(2.90)	8.30
PTI	2.23	0.14	0.00	(1.14)	2.56	(2.77)	4.29	(4.37)	13.69
ICT	1.35	0.06	0.01	0.21	1.54	(1.92)	2.36	(2.71)	12.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mobile World 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.

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