Mynaric AG Correlations

MYNA Stock

USD 1.39 0.02 1.46%

The current 90-days correlation between Mynaric AG ADR and Comtech Telecommunications Corp is -0.16 (i.e., Good diversification). The correlation of Mynaric AG 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.

Mynaric AG Correlation With Market

Significant diversification

The correlation between Mynaric AG ADR and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mynaric AG ADR 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 Mynaric AG ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Mynaric Stock

0.63	NTGR	NETGEAR	Pair Corr
0.7	SPCB	Supercom	Pair Corr
0.7	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.66	MU	Micron Technology	Pair Corr
0.82	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.66	AEIS	Advanced Energy Indu	Pair Corr
0.69	SSNLF	Samsung Electronics	Pair Corr
0.67	PTAIF	PT Astra International	Pair Corr
0.61	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.73	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.79	HD	Home Depot Sell-off Trend	Pair Corr

Moving against Mynaric Stock

0.63	BKRKF	PT Bank Rakyat	Pair Corr
0.59	LGMK	LogicMark	Pair Corr
0.59	PPERF	Bank Mandiri Persero	Pair Corr
0.44	PPERY	Bank Mandiri Persero	Pair Corr
0.35	TER	Teradyne	Pair Corr
0.31	MCHP	Microchip Technology	Pair Corr
0.67	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.6	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.6	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.49	BKRKY	Bank Rakyat	Pair Corr
0.49	TLK	Telkom Indonesia Tbk	Pair Corr
0.41	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	CMTL	KVHI	SILC	KN	ITRN	AVNW	ADTN	TSAT	DGII	NTGR
CMTL		0.17	-0.26	-0.34	-0.42	0.31	-0.34	0.59	-0.3	-0.2	CMTL
KVHI	0.17		0.62	0.26	0.22	-0.54	0.64	0.34	0.51	0.56	KVHI
SILC	-0.26	0.62		0.54	0.34	-0.74	0.8	0.24	0.72	0.72	SILC
KN	-0.34	0.26	0.54		0.65	-0.47	0.72	-0.05	0.72	0.43	KN
ITRN	-0.42	0.22	0.34	0.65		-0.13	0.47	-0.23	0.57	0.16	ITRN
AVNW	0.31	-0.54	-0.74	-0.47	-0.13		-0.86	-0.2	-0.67	-0.88	AVNW
ADTN	-0.34	0.64	0.8	0.72	0.47	-0.86		0.18	0.85	0.83	ADTN
TSAT	0.59	0.34	0.24	-0.05	-0.23	-0.2	0.18		0.29	0.35	TSAT
DGII	-0.3	0.51	0.72	0.72	0.57	-0.67	0.85	0.29		0.64	DGII
NTGR	-0.2	0.56	0.72	0.43	0.16	-0.88	0.83	0.35	0.64		NTGR
	CMTL	KVHI	SILC	KN	ITRN	AVNW	ADTN	TSAT	DGII	NTGR

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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

DGII	+ 0.85	ADTN
NTGR	+ 0.83	ADTN
ADTN	+ 0.8	SILC
DGII	+ 0.72	SILC
NTGR	+ 0.72	SILC
ADTN	+ 0.72	KN

High negative correlations

NTGR	- 0.88	AVNW
ADTN	- 0.86	AVNW
AVNW	- 0.74	SILC
DGII	- 0.67	AVNW
AVNW	- 0.54	KVHI
AVNW	- 0.47	KN

Risk-Adjusted Indicators

There is a big difference between Mynaric Stock performing well and Mynaric AG 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 Mynaric AG'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
CMTL	4.61	0.03	0.02	0.14	6.50	(5.16)	12.63	(8.43)	40.77
KVHI	1.74	0.21	0.08	0.51	1.63	(2.20)	4.42	(2.92)	10.42
SILC	1.69	0.18	0.05	0.72	1.68	(1.96)	3.93	(3.07)	12.10
KN	1.47	0.06	(0.02)	0.50	1.76	(1.65)	2.56	(3.10)	12.11
ITRN	0.99	(0.08)	(0.09)	0.02	1.14	(1.08)	1.90	(1.74)	6.35
AVNW	3.01	(0.39)	0.00	0.28	0.00	0.00	4.83	(5.01)	52.00
ADTN	2.31	0.53	0.28	0.45	1.61	(2.84)	6.31	(3.34)	22.03
TSAT	3.89	0.28	0.07	0.37	4.24	(4.56)	9.00	(7.07)	23.01
DGII	1.59	(0.08)	0.02	0.08	1.77	(1.81)	3.54	(3.10)	11.66
NTGR	2.27	0.56	0.29	0.60	1.52	(2.97)	5.28	(3.74)	34.60

Mynaric AG Corporate Management

Thomas Dinges	Vice Relations	Profile
Luis MartinNavajas	Chief Engineer	Profile
Joachim Horwath	CTO Founder	Profile
Sven MeyerBrunswick	Chief Officer	Profile
Andreas Reif	Chief Officer	Profile
Tino Schuldt	Chief Officer	Profile

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