AS Merko Correlations

MKS Stock

EUR 29.50 0.35 1.17%

The current 90-days correlation between AS Merko Ehitus and Japan Securities Finance is 0.27 (i.e., Modest diversification). The correlation of AS Merko 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.

AS Merko Correlation With Market

Poor diversification

The correlation between AS Merko Ehitus and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AS Merko Ehitus and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MKS Stock

0.72	32GA	Thunderbird Entertainment	Pair Corr
0.63	SHF	SNP Schneider Neurei	Pair Corr
0.8	4OQ1	AGNC Investment Corp	Pair Corr
0.81	NZR	NZ REFINING CO	Pair Corr
0.7	OCBA	Oversea Chinese Banking	Pair Corr
0.9	F5J	Mineral Resources	Pair Corr
0.84	BFP	BBVA Banco Frances Earnings Call This Week	Pair Corr
0.68	NP5	NEWRON PHARMACEUT	Pair Corr
0.78	NE0	NEXA RESOURCES SA Earnings Call Today	Pair Corr
0.71	KIN2	Kinross Gold	Pair Corr
0.81	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.81	C43	Cosmo Pharmaceuticals	Pair Corr
0.79	CWA0	REFINED METALS P	Pair Corr
0.93	CE9	CAE Inc	Pair Corr
0.7	IXD1	Industria de Diseno	Pair Corr
0.64	PUM	PUMA SE Earnings Call Today	Pair Corr

Moving against MKS Stock

0.8	MBJ	MBIA Inc Earnings Call Today	Pair Corr
0.79	AJW	ANGES MG	Pair Corr
0.72	BT3	BIOTIME	Pair Corr
0.64	TUUF	Solartron Public	Pair Corr
0.54	MBJ	MBIA Earnings Call Today	Pair Corr
0.5	777	EUROSPORTS GLOBAL LTD	Pair Corr
0.45	TLIK	TELES Informationstech	Pair Corr
0.73	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE
PQ90		0.32	-0.11	-0.03	0.35	0.36	0.09	0.41	0.2	0.38	PQ90
PQ9	0.32		0.06	-0.08	0.23	0.25	0.01	0.31	0.14	0.24	PQ9
BYRA	-0.11	0.06		0.46	0.34	0.31	0.46	0.32	0.47	0.38	BYRA
6GAA	-0.03	-0.08	0.46		0.38	0.41	0.81	0.34	0.76	0.51	6GAA
KSF1	0.35	0.23	0.34	0.38		0.97	0.52	0.96	0.71	0.81	KSF1
KBIA	0.36	0.25	0.31	0.41	0.97		0.55	0.97	0.72	0.84	KBIA
LFL0	0.09	0.01	0.46	0.81	0.52	0.55		0.51	0.92	0.79	LFL0
2WGA	0.41	0.31	0.32	0.34	0.96	0.97	0.51		0.69	0.84	2WGA
BSA	0.2	0.14	0.47	0.76	0.71	0.72	0.92	0.69		0.86	BSA
JSE	0.38	0.24	0.38	0.51	0.81	0.84	0.79	0.84	0.86		JSE
	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE

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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

KBIA	+ 0.97	KSF1
2WGA	+ 0.97	KBIA
2WGA	+ 0.96	KSF1
BSA	+ 0.92	LFL0
JSE	+ 0.86	BSA
JSE	+ 0.84	KBIA

High negative correlations

BYRA	- 0.11	PQ90
6GAA	- 0.08	PQ9
6GAA	- 0.03	PQ90

Risk-Adjusted Indicators

There is a big difference between MKS Stock performing well and AS Merko 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 AS Merko'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
PQ90	3.05	0.31	0.04	5.33	4.00	(3.92)	11.49	(9.09)	42.92
PQ9	5.54	0.93	0.06	(0.27)	6.01	(10.84)	18.18	(14.29)	40.26
BYRA	3.54	0.35	0.02	(0.15)	3.96	(7.53)	11.11	(10.00)	26.67
6GAA	1.88	0.19	0.02	(0.47)	2.13	(2.31)	5.31	(4.10)	20.33
KSF1	1.96	0.44	0.14	(1.61)	1.92	(2.44)	5.33	(3.37)	11.97
KBIA	1.69	0.44	0.19	0.83	1.40	(2.37)	4.81	(2.67)	11.24
LFL0	2.01	0.31	0.10	0.58	2.22	(2.40)	3.85	(4.39)	13.43
2WGA	2.41	0.57	0.18	1.89	2.31	(3.08)	5.88	(3.73)	19.36
BSA	2.10	0.29	0.06	(20.14)	2.72	(2.28)	4.38	(4.51)	14.55
JSE	1.16	0.37	0.16	(3.06)	1.11	(1.46)	2.75	(1.87)	7.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in AS Merko 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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AS Merko Corporate Management

Elected by the shareholders, the AS Merko's board of directors comprises two types of representatives: AS Merko inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MKS. The board's role is to monitor AS Merko's management team and ensure that shareholders' interests are well served. AS Merko's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AS Merko's outside directors are responsible for providing unbiased perspectives on the board's policies.

Risto Sappinen	Head Department	Profile
Boris Tehnikov	Head Works	Profile
Urmas Somelar	Member Unit	Profile
Egija Smila	Head Subsidiaries	Profile
Sander Astor	Head Department	Profile
Tonu Toomik	Member Board	Profile

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