MDU Resources Correlations

MDU Stock

USD 18.75 0.03 0.16%

The current 90-days correlation between MDU Resources Group and Valmont Industries is 0.26 (i.e., Modest diversification). The correlation of MDU Resources 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.

MDU Resources Correlation With Market

Weak diversification

The correlation between MDU Resources Group and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MDU Resources Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MDU Stock

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

Moving together with MDU Stock

0.76	SR	Spire Inc	Pair Corr
0.7	CPK	Chesapeake Utilities	Pair Corr
0.81	600635	Shanghai DaZhong Public	Pair Corr
0.74	BIPC	Brookfield Infrastructure	Pair Corr
0.7	EVGN	EverGen Infrastructure	Pair Corr
0.69	BIPC	Brookfield Infrastructure	Pair Corr

Moving against MDU Stock

0.32	UGI	UGI Corporation	Pair Corr
0.67	BKRKY	Bank Rakyat	Pair Corr
0.57	PPERY	Bank Mandiri Persero	Pair Corr
0.46	PBCRY	Bank Central Asia	Pair Corr
0.35	PBCRF	PT Bank Central	Pair Corr
0.33	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	VMI	BBU	GFF	MATW	BKH	NFG	UGI	NJR	ATO
VMI		0.68	-0.17	-0.19	0.78	0.33	-0.72	0.55	0.86	VMI
BBU	0.68		-0.11	-0.09	0.57	0.52	-0.83	0.5	0.79	BBU
GFF	-0.17	-0.11		0.2	-0.57	-0.15	0.26	-0.42	-0.38	GFF
MATW	-0.19	-0.09	0.2		-0.2	-0.06	0.02	0.08	-0.19	MATW
BKH	0.78	0.57	-0.57	-0.2		0.35	-0.61	0.8	0.89	BKH
NFG	0.33	0.52	-0.15	-0.06	0.35		-0.34	0.64	0.39	NFG
UGI	-0.72	-0.83	0.26	0.02	-0.61	-0.34		-0.45	-0.81	UGI
NJR	0.55	0.5	-0.42	0.08	0.8	0.64	-0.45		0.68	NJR
ATO	0.86	0.79	-0.38	-0.19	0.89	0.39	-0.81	0.68		ATO
	VMI	BBU	GFF	MATW	BKH	NFG	UGI	NJR	ATO

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

ATO	+ 0.89	BKH
ATO	+ 0.86	VMI
NJR	+ 0.8	BKH
ATO	+ 0.79	BBU
BKH	+ 0.78	VMI
BBU	+ 0.68	VMI

High negative correlations

UGI	- 0.83	BBU
ATO	- 0.81	UGI
UGI	- 0.72	VMI
UGI	- 0.61	BKH
BKH	- 0.57	GFF
NJR	- 0.45	UGI

Risk-Adjusted Indicators

There is a big difference between MDU Stock performing well and MDU Resources 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 MDU Resources' 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
VMI	1.24	0.18	0.14	0.14	1.18	(1.45)	3.09	(2.34)	9.91
BBU	1.67	0.37	0.22	0.47	1.40	(2.09)	3.75	(3.17)	12.99
GFF	1.58	(0.12)	0.00	(0.06)	0.00	0.00	3.49	(2.47)	18.10
MATW	1.80	(0.22)	0.00	(0.10)	0.00	0.00	3.93	(3.24)	9.90
BKH	0.79	0.08	0.06	0.15	1.03	(0.73)	1.37	(1.79)	4.27
NFG	0.92	0.06	0.03	(0.46)	1.09	(1.04)	2.13	(1.73)	9.07
UGI	0.85	(0.18)	0.00	(0.25)	0.00	0.00	1.81	(1.88)	5.44
NJR	0.74	(0.01)	(0.02)	0.00	0.97	(0.71)	1.50	(1.55)	4.31
ATO	0.68	0.20	0.22	1.01	0.55	(0.76)	1.84	(1.38)	5.20

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