MasterBeef Group Correlations

MB Stock

USD 8.20 0.68 9.04%

The current 90-days correlation between MasterBeef Group Ordinary and Life360, Common Stock is -0.01 (i.e., Good diversification). The correlation of MasterBeef Group 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.

MasterBeef Group Correlation With Market

Significant diversification

The correlation between MasterBeef Group Ordinary and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MasterBeef Group Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MasterBeef Stock

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

Moving together with MasterBeef Stock

0.75	F-PB	Ford Motor	Pair Corr
0.65	F-PC	Ford Motor	Pair Corr
0.73	F-PD	F PD	Pair Corr
0.65	AGS	PlayAGS	Pair Corr
0.63	CYD	China Yuchai Interna	Pair Corr
0.65	GEF	Greif Bros	Pair Corr
0.66	NCI	Neo Concept Internat	Pair Corr
0.68	BC-PA	Brunswick Corp	Pair Corr

Moving against MasterBeef Stock

0.55	CHA	Chagee Holdings	Pair Corr
0.48	PNST	Pinstripes Holdings	Pair Corr
0.34	VIRC	Virco Manufacturing	Pair Corr
0.44	NCL	Northann Corp	Pair Corr

Related Correlations Analysis

	UBER	LIF	WFCF	GCI	NOW	SPNS	WLYB	QLYS
UBER		0.87	-0.5	0.79	0.93	0.87	0.29	0.86	UBER
LIF	0.87		-0.66	0.72	0.88	0.85	0.03	0.95	LIF
WFCF	-0.5	-0.66		-0.42	-0.59	-0.43	0.23	-0.54	WFCF
GCI	0.79	0.72	-0.42		0.77	0.78	0.27	0.72	GCI
NOW	0.93	0.88	-0.59	0.77		0.91	0.15	0.87	NOW
SPNS	0.87	0.85	-0.43	0.78	0.91		0.1	0.89	SPNS
WLYB	0.29	0.03	0.23	0.27	0.15	0.1		0.03	WLYB
QLYS	0.86	0.95	-0.54	0.72	0.87	0.89	0.03		QLYS
	UBER	LIF	WFCF	GCI	NOW	SPNS	WLYB	QLYS

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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

QLYS	+ 0.95	LIF
NOW	+ 0.93	UBER
SPNS	+ 0.91	NOW
QLYS	+ 0.89	SPNS
NOW	+ 0.88	LIF
LIF	+ 0.87	UBER

High negative correlations

WFCF	- 0.66	LIF
NOW	- 0.59	WFCF
QLYS	- 0.54	WFCF
WFCF	- 0.5	UBER
SPNS	- 0.43	WFCF
GCI	- 0.42	WFCF

Risk-Adjusted Indicators

There is a big difference between MasterBeef Stock performing well and MasterBeef Group 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 MasterBeef Group'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
UBER	1.97	0.28	0.13	0.31	2.17	(2.32)	5.87	(3.48)	16.18
LIF	2.54	0.71	0.19	0.50	3.15	(2.70)	5.04	(3.84)	24.26
WFCF	2.30	0.05	(0.01)	0.83	3.05	(2.79)	5.45	(4.75)	21.09
GCI	2.77	0.38	0.11	0.47	2.88	(3.24)	6.37	(5.02)	25.75
NOW	1.84	0.30	0.15	0.31	1.99	(2.05)	3.63	(3.08)	18.66
SPNS	1.34	0.11	0.06	0.22	1.46	(1.44)	3.11	(2.51)	12.16
WLYB	1.78	0.21	0.04	1.37	2.07	(3.02)	4.13	(3.77)	34.06
QLYS	1.44	0.17	0.09	0.27	1.60	(1.52)	3.43	(2.81)	12.05

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