MCBC Holdings Correlations

MCFT Stock

USD 19.13 0.14 0.74%

The current 90-days correlation between MCBC Holdings and Marine Products is 0.5 (i.e., Very weak diversification). The correlation of MCBC Holdings 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.

MCBC Holdings Correlation With Market

Very weak diversification

The correlation between MCBC Holdings and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MCBC Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MCBC Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MCBC Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy MCBC Stock please use our How to Invest in MCBC Holdings guide.

Moving together with MCBC Stock

0.85	603579	Shanghai Rongtai Health	Pair Corr
0.78	002605	Shanghai Yaoji Playing	Pair Corr
0.73	CTDD	Qwest Corp 6	Pair Corr
0.81	SKM	SK Telecom	Pair Corr
0.71	IGTA	Inception Growth Acq	Pair Corr

Moving against MCBC Stock

0.78	GAW	Games Workshop Group	Pair Corr
0.72	300247	Youngy Health	Pair Corr
0.69	MAT	Mattel Inc	Pair Corr
0.67	002899	Impulse Qingdao Health	Pair Corr
0.66	002348	Goldlok Toys Holdings	Pair Corr
0.64	001300	Sportsoul	Pair Corr
0.6	603787	Jiangsu Xinri E	Pair Corr
0.6	300756	Guangdong Jinma Ente	Pair Corr
0.58	ICE	Canlan Ice Sports	Pair Corr
0.43	605299	Shuhua Sports	Pair Corr
0.32	PII	Polaris Industries	Pair Corr
0.78	FSBH	First Southern Bank	Pair Corr
0.76	VSEEW	VSee Health,	Pair Corr
0.75	CEPU	Central Puerto SA	Pair Corr
0.75	HURN	Huron Consulting	Pair Corr
0.61	FINN	First National	Pair Corr
0.54	KB	KB Financial Group	Pair Corr
0.53	HYMTF	Hyundai Motor	Pair Corr
0.53	DCTIF	Delta CleanTech	Pair Corr
0.51	ORLA	Orla Mining	Pair Corr
0.4	LB	LandBridge Company	Pair Corr
0.82	NRDS	Nerdwallet	Pair Corr
0.79	TRNLY	Trendlines Group	Pair Corr

Related Correlations Analysis

	MPX	EMPD	ONEW	HVT	NIU	HLLY	MBUU	GCO	LOCO	WW
MPX		0.53	0.58	0.04	0.24	-0.31	0.7	0.32	-0.2	0.39	MPX
EMPD	0.53		0.9	-0.59	0.87	-0.81	0.72	0.07	-0.76	0.43	EMPD
ONEW	0.58	0.9		-0.57	0.72	-0.85	0.7	0.12	-0.67	0.66	ONEW
HVT	0.04	-0.59	-0.57		-0.72	0.77	-0.31	0.21	0.88	-0.21	HVT
NIU	0.24	0.87	0.72	-0.72		-0.73	0.5	-0.05	-0.79	0.2	NIU
HLLY	-0.31	-0.81	-0.85	0.77	-0.73		-0.56	0.06	0.83	-0.57	HLLY
MBUU	0.7	0.72	0.7	-0.31	0.5	-0.56		0.06	-0.55	0.46	MBUU
GCO	0.32	0.07	0.12	0.21	-0.05	0.06	0.06		0.01	0.24	GCO
LOCO	-0.2	-0.76	-0.67	0.88	-0.79	0.83	-0.55	0.01		-0.24	LOCO
WW	0.39	0.43	0.66	-0.21	0.2	-0.57	0.46	0.24	-0.24		WW
	MPX	EMPD	ONEW	HVT	NIU	HLLY	MBUU	GCO	LOCO	WW

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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

ONEW	+ 0.9	EMPD
LOCO	+ 0.88	HVT
NIU	+ 0.87	EMPD
LOCO	+ 0.83	HLLY
HLLY	+ 0.77	HVT
MBUU	+ 0.72	EMPD

High negative correlations

HLLY	- 0.85	ONEW
HLLY	- 0.81	EMPD
LOCO	- 0.79	NIU
LOCO	- 0.76	EMPD
HLLY	- 0.73	NIU
NIU	- 0.72	HVT

Risk-Adjusted Indicators

There is a big difference between MCBC Stock performing well and MCBC Holdings 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 MCBC Holdings' 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
MPX	1.69	(0.11)	(0.04)	(0.01)	2.39	(1.69)	3.53	(3.63)	11.63
EMPD	3.08	(0.71)	0.00	(0.25)	0.00	0.00	5.26	(7.11)	17.59
ONEW	2.41	(0.60)	0.00	(0.15)	0.00	0.00	5.21	(4.64)	16.58
HVT	1.62	0.02	0.02	0.11	1.90	(1.82)	3.82	(3.37)	10.49
NIU	3.24	(0.41)	0.00	(0.48)	0.00	0.00	5.76	(6.94)	32.90
HLLY	2.53	0.50	0.20	0.53	2.21	(3.13)	4.50	(3.87)	38.65
MBUU	2.24	(0.10)	0.00	(0.56)	0.00	0.00	4.23	(4.17)	18.81
GCO	2.71	(0.57)	0.00	(0.14)	0.00	0.00	5.58	(6.04)	39.13
LOCO	1.65	0.08	0.06	0.15	1.78	(1.83)	3.24	(2.73)	16.59
WW	3.67	(0.47)	0.00	(0.08)	0.00	0.00	9.25	(8.96)	23.26

MCBC Holdings Corporate Management

Patrick May	Pres Crest	Profile
Bradley Nelson	Chief Officer	Profile
Dave Ekern	Chief Officer	Profile
Mike Schmidt	Chief Officer	Profile

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