Manchester United Correlations

Stocks . USA . 
Stock . Manchester United
MANU Stock  USD 17.67  0.09  0.51%   
The current 90-days correlation between Manchester United and Madison Square Garden is 0.2 (i.e., Modest diversification). The correlation of Manchester United 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.

Manchester United Correlation With Market

Good diversification

The correlation between Manchester United and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manchester United and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Manchester Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manchester United. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Manchester Stock please use our How to Invest in Manchester United guide.

Moving together with Manchester Stock

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Moving against Manchester Stock

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  0.56FNGR FingerMotionPairCorr
  0.5ANGHW Anghami WarrantsPairCorr
  0.41VEON VEONPairCorr
  0.4GDEVW Nexters WarrantPairCorr
  0.34FLNT Fluent IncPairCorr

Related Correlations Analysis

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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   
VRTS
+ 0.9
MANH
SAP
+ 0.82
MANH
VRTS
+ 0.8
MSGS
MANH
+ 0.66
MSGS
SAP
+ 0.64
VRTS
MANH
+ 0.63
LYV
  
High negative correlations   
IQ
- 0.25
LYV
SAP
- 0.08
IQ

Risk-Adjusted Indicators

There is a big difference between Manchester Stock performing well and Manchester United 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 Manchester United'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.

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