Mint Incorporation Correlations

MIMI Stock

7.40 0.24 3.35%

The current 90-days correlation between Mint Incorporation and AG Mortgage Investment is -0.02 (i.e., Good diversification). The correlation of Mint Incorporation 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.

Mint Incorporation Correlation With Market

Significant diversification

The correlation between Mint Incorp. Limited 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 Mint Incorp. Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mint Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mint Incorporation Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Mint Stock

0.88	KAR	KAR Auction Services	Pair Corr
0.78	MLKN	MillerKnoll	Pair Corr
0.73	CMPR	Cimpress NV Earnings Call This Week	Pair Corr
0.84	J	Jacobs Solutions	Pair Corr
0.81	R	Ryder System Earnings Call Tomorrow	Pair Corr
0.71	DIST	Distoken Acquisition	Pair Corr
0.78	AL	Air Lease	Pair Corr
0.78	AP	Ampco Pittsburgh Upward Rally	Pair Corr
0.9	AZ	A2Z Smart Technologies	Pair Corr
0.81	BA	Boeing Earnings Call This Week	Pair Corr
0.9	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.61	BV	BrightView Holdings	Pair Corr
0.87	BW	Babcock Wilcox Enter	Pair Corr
0.79	BZ	Kanzhun Ltd ADR	Pair Corr
0.72	CP	Canadian Pacific Railway Earnings Call This Week	Pair Corr
0.85	CR	Crane Company Earnings Call This Week	Pair Corr
0.96	CW	Curtiss Wright	Pair Corr
0.74	DE	Deere Company	Pair Corr
0.93	DY	Dycom Industries	Pair Corr
0.63	FA	First Advantage Corp	Pair Corr
0.8	GD	General Dynamics Earnings Call Today	Pair Corr
0.89	GE	GE Aerospace	Pair Corr
0.82	IR	Ingersoll Rand Earnings Call This Week	Pair Corr
0.85	KE	Kimball Electronics	Pair Corr
0.69	OP	Oceanpal	Pair Corr
0.83	PH	Parker Hannifin	Pair Corr

Moving against Mint Stock

0.75	VIRC	Virco Manufacturing	Pair Corr
0.32	DSS	DSS Inc	Pair Corr
0.91	NL	NL Industries	Pair Corr
0.87	PC	Premium Catering	Pair Corr
0.69	GP	GreenPower Motor	Pair Corr
0.66	MG	Mistras Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TAP	TBEV	SHIHF	SVTMF	MTG	DEO	OTLY	MITT
TAP		0.0	-0.87	-0.59	-0.66	0.88	-0.8	-0.87	TAP
TBEV	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TBEV
SHIHF	-0.87	0.0		0.5	0.51	-0.83	0.78	0.78	SHIHF
SVTMF	-0.59	0.0	0.5		0.73	-0.25	0.57	0.67	SVTMF
MTG	-0.66	0.0	0.51	0.73		-0.36	0.38	0.62	MTG
DEO	0.88	0.0	-0.83	-0.25	-0.36		-0.74	-0.7	DEO
OTLY	-0.8	0.0	0.78	0.57	0.38	-0.74		0.82	OTLY
MITT	-0.87	0.0	0.78	0.67	0.62	-0.7	0.82		MITT
	TAP	TBEV	SHIHF	SVTMF	MTG	DEO	OTLY	MITT

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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

DEO	+ 0.88	TAP
MITT	+ 0.82	OTLY
OTLY	+ 0.78	SHIHF
MITT	+ 0.78	SHIHF
MTG	+ 0.73	SVTMF
MITT	+ 0.67	SVTMF

High negative correlations

MITT	- 0.87	TAP
SHIHF	- 0.87	TAP
DEO	- 0.83	SHIHF
OTLY	- 0.8	TAP
OTLY	- 0.74	DEO
MITT	- 0.7	DEO

Risk-Adjusted Indicators

There is a big difference between Mint Stock performing well and Mint Incorporation 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 Mint Incorporation'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
TAP	0.95	(0.28)	0.00	(0.33)	0.00	0.00	1.40	(2.29)	6.37
TBEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHIHF	0.14	0.04	0.00	0.43	0.00	0.00	0.00	0.00	4.76
SVTMF	0.32	0.14	0.00	2.28	0.00	0.00	0.00	0.00	9.93
MTG	1.17	(0.06)	(0.03)	0.11	1.52	(1.17)	2.42	(2.46)	7.29
DEO	1.07	(0.11)	0.00	(0.09)	0.00	0.00	2.43	(2.07)	8.07
OTLY	2.68	0.88	0.23	2.95	2.49	(3.03)	7.53	(4.39)	18.70
MITT	1.51	0.44	0.14	(2.90)	1.49	(1.79)	4.18	(2.69)	9.42

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