My Size Correlations

MYSZ Stock  USD 1.62  0.01  0.61%   
The correlation of My Size 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.

My Size Correlation With Market

Significant diversification

The correlation between My Size and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding My Size 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 My Size. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy MYSZ Stock please use our How to Invest in My Size guide.

Moving against MYSZ Stock

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  0.6VTEX VTEXPairCorr
  0.46EGHT 8x8 Common StockPairCorr
  0.36DSGX Descartes Systems Earnings Call This WeekPairCorr
  0.48ETWO E2open Parent HoldingsPairCorr
  0.48CYN Cyngn IncPairCorr
  0.48DBD Diebold Nixdorf,PairCorr
  0.4API Agora Inc Buyout TrendPairCorr

Related Correlations Analysis

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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   
IFBDIDAI
FRGTIDAI
FRGTAMST
BLBXOCFT
FRGTIFBD
AMSTIDAI
  
High negative correlations   
FRGTBLBX
MTCOCFT
FRGTOCFT
IDAIOCFT
BLBXIDAI
BLBXIFBD

Risk-Adjusted Indicators

There is a big difference between MYSZ Stock performing well and My Size 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 My Size'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PBTS  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
OCFT  4.72  1.23  0.23  0.74  4.43 
 14.32 
 36.20 
IDAI  13.21  2.01  0.16 (0.74) 10.96 
 34.31 
 163.74 
AMST  5.18  0.20  0.03  1.40  6.62 
 15.64 
 53.11 
IFBD  4.70  0.33  0.05  3.98  6.13 
 8.64 
 65.71 
MTC  5.58 (0.56) 0.00 (0.72) 0.00 
 9.42 
 46.96 
BLBX  9.83  2.33  0.30 (3.32) 6.64 
 9.36 
 255.07 
NOGN  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FRGT  4.43  0.01  0.00  0.01  6.04 
 10.08 
 35.19 

My Size Corporate Management