Merrill Lynch Correlations

IPB Stock

USD 25.51 0.01 0.04%

The current 90-days correlation between Merrill Lynch Depositor and Goldman Sachs Capital is 0.18 (i.e., Average diversification). The correlation of Merrill Lynch 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.

Merrill Lynch Correlation With Market

Significant diversification

The correlation between Merrill Lynch Depositor and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merrill Lynch Depositor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Merrill Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Merrill Lynch Depositor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Merrill Stock

0.62	STSSW	Sharps Technology Warrant	Pair Corr
0.69	MFI	mF International Downward Rally	Pair Corr
0.71	OXSQG	Oxford Square Capital	Pair Corr
0.62	SREA	DBA Sempra 5750	Pair Corr

Moving against Merrill Stock

0.56	ILLR	Triller Group Symbol Change	Pair Corr
0.58	RELY	Remitly Global	Pair Corr
0.57	MSPR	MSP Recovery Symbol Change	Pair Corr
0.4	STEC	Santech Holdings	Pair Corr
0.35	AGMH	AGM Group Holdings	Pair Corr

Related Correlations Analysis

	JBK	KTN	KTH	MER-PK	GJH
JBK		0.36	-0.14	0.0	-0.03	JBK
KTN	0.36		0.39	-0.37	-0.41	KTN
KTH	-0.14	0.39		-0.07	-0.34	KTH
MER-PK	0.0	-0.37	-0.07		0.18	MER-PK
GJH	-0.03	-0.41	-0.34	0.18		GJH
	JBK	KTN	KTH	MER-PK	GJH

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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

KTH	+ 0.39	KTN
KTN	+ 0.36	JBK
GJH	+ 0.18	MER-PK
MER-PK	+ 0.0	JBK

High negative correlations

GJH	- 0.41	KTN
MER-PK	- 0.37	KTN
GJH	- 0.34	KTH
KTH	- 0.14	JBK
MER-PK	- 0.07	KTH
GJH	- 0.03	JBK

Risk-Adjusted Indicators

There is a big difference between Merrill Stock performing well and Merrill Lynch 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 Merrill Lynch'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
JBK	0.32	(0.04)	0.00	(0.11)	0.00	0.00	0.91	(1.24)	4.32
KTN	0.42	0.02	(0.11)	0.28	0.65	(0.47)	0.90	(1.01)	7.18
KTH	0.56	0.03	(0.08)	0.78	0.93	(0.71)	1.42	(0.98)	7.45
MER-PK	0.24	(0.03)	0.00	(0.12)	0.00	0.00	0.51	(0.63)	2.36
GJH	1.19	0.01	(0.05)	(0.46)	1.58	(2.19)	3.41	(3.77)	7.95

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