MOAB MINERALS Correlations

Stocks . Germany . 
Stock . MOAB MINERALS LTD
WMR0 Stock   0.0005  0.0005  50.00%   
The current 90-days correlation between MOAB MINERALS LTD and Apple Inc is -0.02 (i.e., Good diversification). The correlation of MOAB MINERALS 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.

MOAB MINERALS Correlation With Market

Average diversification

The correlation between MOAB MINERALS LTD and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MOAB MINERALS LTD and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to MOAB MINERALS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MOAB MINERALS 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 MOAB MINERALS - 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 MOAB MINERALS LTD to buy it.

Moving against MOAB Stock

  0.514GE Grupo Mxico SABPairCorr
  0.46APC Apple IncPairCorr
  0.45APC Apple IncPairCorr
  0.45APC Apple IncPairCorr
  0.45APC Apple IncPairCorr
  0.44APC Apple IncPairCorr
  0.44APC Apple IncPairCorr
  0.36MSF MicrosoftPairCorr
  0.36MSF MicrosoftPairCorr
  0.34MSF MicrosoftPairCorr
  0.34MSF MicrosoftPairCorr
  0.33MSF MicrosoftPairCorr
  0.31M5V EHEALTHPairCorr
  0.46DBPE Xtrackers LevDAXPairCorr
  0.38E908 Lyxor 1PairCorr
  0.330XHR Xenia Hotels ResortsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between MOAB Stock performing well and MOAB MINERALS 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 MOAB MINERALS'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
APC  0.90  0.23  0.18  1.20  0.93 
(1.00)
 1.81 
(1.75)
 4.97 
APC  0.84  0.26  0.19  0.93  0.98 
(0.92)
 1.88 
(1.73)
 5.24 
APC  0.85  0.23  0.19  0.68  0.86 
(0.94)
 2.06 
(1.76)
 4.50 
APC  0.92  0.24  0.16  20.15  1.07 
(0.97)
 2.22 
(1.83)
 6.45 
APC  0.91  0.23  0.20  5.09  0.79 
(1.06)
 2.33 
(1.69)
 5.24 
APC  0.85  0.25  0.20  1.43  0.99 
(0.96)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.11  0.07  0.58  1.24 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.04  0.09  0.05  1.34  1.36 
(1.18)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.11  0.06  1.06  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.93  0.09  0.04 (9.07) 1.35 
(1.02)
 2.04 
(1.49)
 8.79 

MOAB MINERALS Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MOAB MINERALS stock to make a market-neutral strategy. Peer analysis of MOAB MINERALS could also be used in its relative valuation, which is a method of valuing MOAB MINERALS by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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