MA Financial Correlations

MAF Stock

10.96 0.12 1.11%

The current 90-days correlation between MA Financial Group and MFF Capital Investments is 0.17 (i.e., Average diversification). The correlation of MA Financial 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.

MA Financial Correlation With Market

Very weak diversification

The correlation between MA Financial Group and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MA Financial Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MAF Stock

0.82	ELV	Elevra Lithium	Pair Corr
0.62	SDV	Scidev	Pair Corr
0.74	PMC	Platinum Capital	Pair Corr
0.68	EVZ	EVZ	Pair Corr
0.74	CGF	Challenger	Pair Corr
0.77	RRL	Regis Resources	Pair Corr
0.81	DBI	Dalrymple Bay Infras	Pair Corr
0.68	LTR	Liontown Resources	Pair Corr
0.69	REH	Reece	Pair Corr
0.62	AS1	Asara Resources	Pair Corr
0.68	FNX	Finexia Financial	Pair Corr
0.75	VAUDA	Ordinary Fully Paid Split	Pair Corr
0.73	WGR	Western Gold Resources	Pair Corr
0.67	NGI	Navigator Global Inv	Pair Corr

Moving against MAF Stock

0.62	ATH	Alterity Therapeutics	Pair Corr
0.61	MTL	Mantle Minerals	Pair Corr
0.45	DTM	Dart Mining NL Split	Pair Corr
0.37	KFM	Kingfisher Mining	Pair Corr

Related Correlations Analysis

	RTH	MFF	ABV	TPG	AGI	DJW	ARG	HDN
RTH		-0.44	0.19	0.38	-0.16	-0.14	-0.03	-0.45	RTH
MFF	-0.44		-0.29	-0.4	-0.25	-0.07	-0.23	0.36	MFF
ABV	0.19	-0.29		0.59	0.33	0.48	0.57	0.13	ABV
TPG	0.38	-0.4	0.59		0.51	0.67	0.79	0.16	TPG
AGI	-0.16	-0.25	0.33	0.51		0.56	0.66	0.19	AGI
DJW	-0.14	-0.07	0.48	0.67	0.56		0.79	0.23	DJW
ARG	-0.03	-0.23	0.57	0.79	0.66	0.79		0.32	ARG
HDN	-0.45	0.36	0.13	0.16	0.19	0.23	0.32		HDN
	RTH	MFF	ABV	TPG	AGI	DJW	ARG	HDN

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

ARG	+ 0.79	TPG
ARG	+ 0.79	DJW
DJW	+ 0.67	TPG
ARG	+ 0.66	AGI
TPG	+ 0.59	ABV
ARG	+ 0.57	ABV

High negative correlations

HDN	- 0.45	RTH
MFF	- 0.44	RTH
TPG	- 0.4	MFF
ABV	- 0.29	MFF
AGI	- 0.25	MFF
ARG	- 0.23	MFF

Risk-Adjusted Indicators

There is a big difference between MAF Stock performing well and MA Financial 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 MA Financial'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
RTH	2.31	(0.32)	0.00	60.14	0.00	0.00	5.50	(5.10)	28.54
MFF	0.67	0.04	0.00	0.13	0.69	(0.84)	1.63	(1.06)	3.46
ABV	2.25	(0.01)	0.00	0.09	0.00	0.00	9.09	(8.33)	26.52
TPG	1.40	(0.44)	0.00	(0.14)	0.00	0.00	2.01	(1.60)	35.25
AGI	0.93	(0.07)	0.00	(0.45)	0.00	0.00	2.00	(2.88)	7.77
DJW	0.41	(0.02)	0.00	(1.18)	0.00	0.00	0.66	(0.97)	2.25
ARG	0.37	(0.04)	0.00	(0.16)	0.00	0.00	0.89	(0.88)	2.33
HDN	0.81	0.04	(0.02)	1.29	1.12	(1.04)	1.52	(2.16)	5.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in MA Financial 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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