AG Mortgage Correlations

MITN Stock

25.45 0.02 0.08%

The current 90-days correlation between AG Mortgage Investment and NRG Energy is -0.24 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AG Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AG Mortgage Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AG Mortgage Correlation With Market

Average diversification

The correlation between AG Mortgage Investment 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 AG Mortgage Investment and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MITN Stock

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

Moving together with MITN Stock

0.84	DHIL	Diamond Hill Investment	Pair Corr
0.67	DIST	Distoken Acquisition	Pair Corr
0.85	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.75	AC	Associated Capital	Pair Corr
0.79	BX	Blackstone Group Normal Trading	Pair Corr
0.87	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.81	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.67	FR	First Industrial Realty	Pair Corr
0.88	GS	Goldman Sachs Group	Pair Corr
0.82	MC	Moelis Earnings Call This Week	Pair Corr
0.9	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.85	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.84	WT	WisdomTree	Pair Corr
0.73	XP	Xp Inc Downward Rally	Pair Corr
0.83	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.77	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.84	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.9	DMAA	Drugs Made In	Pair Corr
0.88	VACH	Voyager Acquisition Corp	Pair Corr
0.86	YHNAU	YHN Acquisition I	Pair Corr
0.69	NOEMU	CO2 Energy Transition	Pair Corr
0.88	VCIC	Vine Hill Capital	Pair Corr
0.75	VNO-PL	Vornado Realty Trust	Pair Corr
0.82	VCTR	Victory Capital Holdings Normal Trading	Pair Corr

Moving against MITN Stock

0.33	LB	LandBridge Company	Pair Corr
0.49	VALU	Value Line	Pair Corr
0.49	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	NRG	AIQUF	CEBUY	CAAP	NI	NRUC
NRG		0.75	0.0	0.75	0.26	0.81	NRG
AIQUF	0.75		0.0	0.59	0.25	0.67	AIQUF
CEBUY	0.0	0.0		0.0	0.0	0.0	CEBUY
CAAP	0.75	0.59	0.0		-0.07	0.51	CAAP
NI	0.26	0.25	0.0	-0.07		0.54	NI
NRUC	0.81	0.67	0.0	0.51	0.54		NRUC
	NRG	AIQUF	CEBUY	CAAP	NI	NRUC

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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

NRUC	+ 0.81	NRG
AIQUF	+ 0.75	NRG
CAAP	+ 0.75	NRG
NRUC	+ 0.67	AIQUF
CAAP	+ 0.59	AIQUF
NRUC	+ 0.54	NI

High negative correlations

NI	- 0.07	CAAP
NRUC	- 0.0	CEBUY
NI	- 0.0	CEBUY
CAAP	- 0.0	CEBUY
CEBUY	- 0.0	AIQUF
CEBUY	- 0.0	NRG

Risk-Adjusted Indicators

There is a big difference between MITN Stock performing well and AG Mortgage 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 AG Mortgage'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
NRG	1.91	0.79	0.30	(1.64)	1.44	(2.30)	4.58	(2.88)	30.89
AIQUF	0.99	0.11	(0.04)	(0.38)	1.26	(1.00)	1.69	(2.04)	5.64
CEBUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAAP	1.34	0.24	0.07	(2.33)	1.24	(1.65)	2.64	(2.20)	8.49
NI	0.91	0.01	(0.05)	0.16	1.19	(0.92)	2.15	(1.95)	6.03
NRUC	0.51	0.08	(0.04)	0.58	0.40	(0.60)	1.11	(0.84)	3.22

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