Mccoy Global Correlations

MCCRF Stock

USD 2.95 0.01 0.34%

The current 90-days correlation between Mccoy Global and Nine Energy Service is -0.01 (i.e., Good diversification). The correlation of Mccoy Global 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.

Mccoy Global Correlation With Market

Average diversification

The correlation between Mccoy Global and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mccoy Global and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mccoy Pink Sheet

0.63	INBX	Inhibrx Biosciences,	Pair Corr
0.86	JPM	JPMorgan Chase	Pair Corr
0.85	AXP	American Express	Pair Corr
0.87	PFE	Pfizer Inc	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.74	MMM	3M Company	Pair Corr
0.9	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.84	BA	Boeing Earnings Call This Week	Pair Corr
0.87	IBM	International Business Earnings Call Today	Pair Corr
0.76	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.89	DIS	Walt Disney	Pair Corr
0.84	AA	Alcoa Corp	Pair Corr
0.87	GE	GE Aerospace	Pair Corr
0.61	INTC	Intel Earnings Call Tomorrow	Pair Corr

Moving against Mccoy Pink Sheet

0.45	KO	Coca Cola	Pair Corr
0.32	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	NCSM	NESR	MRC	NINE	CFWFF	NSFDF	HGHAF	PSYTF
NCSM		0.12	-0.09	0.12	-0.01	-0.15	0.15	-0.18	NCSM
NESR	0.12		-0.17	0.16	-0.22	-0.21	0.12	-0.21	NESR
MRC	-0.09	-0.17		0.12	0.34	0.73	-0.03	0.25	MRC
NINE	0.12	0.16	0.12		0.46	0.02	0.42	0.15	NINE
CFWFF	-0.01	-0.22	0.34	0.46		0.15	0.11	0.39	CFWFF
NSFDF	-0.15	-0.21	0.73	0.02	0.15		-0.08	0.44	NSFDF
HGHAF	0.15	0.12	-0.03	0.42	0.11	-0.08		0.17	HGHAF
PSYTF	-0.18	-0.21	0.25	0.15	0.39	0.44	0.17		PSYTF
	NCSM	NESR	MRC	NINE	CFWFF	NSFDF	HGHAF	PSYTF

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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

NSFDF	+ 0.73	MRC
CFWFF	+ 0.46	NINE
PSYTF	+ 0.44	NSFDF
HGHAF	+ 0.42	NINE
PSYTF	+ 0.39	CFWFF
CFWFF	+ 0.34	MRC

High negative correlations

CFWFF	- 0.22	NESR
PSYTF	- 0.21	NESR
NSFDF	- 0.21	NESR
PSYTF	- 0.18	NCSM
MRC	- 0.17	NESR
NSFDF	- 0.15	NCSM

Risk-Adjusted Indicators

There is a big difference between Mccoy Pink Sheet performing well and Mccoy Global 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 Mccoy Global'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
NCSM	2.30	0.02	(0.02)	0.21	3.51	(2.24)	4.50	(4.57)	29.36
NESR	2.53	(0.14)	0.00	(0.02)	0.00	0.00	5.60	(5.80)	16.48
MRC	1.91	0.29	0.11	0.52	1.93	(2.32)	4.58	(2.70)	19.71
NINE	6.97	0.75	0.04	(0.45)	8.58	(8.56)	14.75	(11.24)	83.33
CFWFF	1.30	0.16	(0.02)	(0.41)	1.45	(2.51)	3.60	(2.99)	19.64
NSFDF	6.21	2.27	0.25	3.93	4.44	(11.34)	15.38	(10.26)	73.25
HGHAF	0.54	0.10	0.00	(0.57)	0.00	0.00	1.69	(1.64)	11.33
PSYTF	1.37	0.22	(0.02)	(0.25)	1.66	(2.03)	3.50	(3.21)	12.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mccoy Global 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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