Markforged Holding Correlations
| MKFGDelisted Stock | USD 4.74 0.00 0.00% |
The current 90-days correlation between Markforged Holding Corp and Desktop Metal is 0.01 (i.e., Significant diversification). The correlation of Markforged Holding 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.
Markforged Holding Correlation With Market
Good diversification
The correlation between Markforged Holding Corp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Markforged Holding Corp and DJI in the same portfolio, assuming nothing else is changed.
Markforged |
Moving together with Markforged Stock
| 0.81 | JNVR | Janover Common Stock Symbol Change | PairCorr |
| 0.73 | SKGRU | SK Growth Opportunities | PairCorr |
| 0.77 | PYCR | Paycor HCM | PairCorr |
| 0.78 | ALMU | Aeluma, Common Stock Potential Growth | PairCorr |
Moving against Markforged Stock
| 0.69 | VISL | Vislink Technologies | PairCorr |
| 0.64 | ENFN | Enfusion | PairCorr |
| 0.56 | FAASW | DigiAsia Corp | PairCorr |
| 0.53 | OUSTW | Ouster, Warrants | PairCorr |
| 0.52 | UAVS | Ageagle Aerial Systems | PairCorr |
| 0.49 | VSTEW | Vast Renewables | PairCorr |
| 0.46 | VEEAW | Veea Inc Symbol Change | PairCorr |
| 0.4 | DDD | 3D Systems | PairCorr |
| 0.33 | CYCUW | Cycurion, Warrant Symbol Change | PairCorr |
| 0.31 | HIT | Health In Tech, | PairCorr |
| 0.31 | BZAIW | Blaize Holdings, Warrants Symbol Change | PairCorr |
| 0.31 | NOVA | Sunnova Energy Inter | PairCorr |
| 0.86 | ODYS | Odysightai Common Stock | PairCorr |
| 0.85 | WETH | Wetouch Technology Common | PairCorr |
| 0.81 | CIIT | Tianci International, | PairCorr |
| 0.7 | SLNHP | Soluna Holdings Preferred | PairCorr |
| 0.62 | BNAIW | Brand Engagement Network | PairCorr |
| 0.62 | SMTK | SmartKem, Common Stock | PairCorr |
| 0.57 | EC | Ecopetrol SA ADR | PairCorr |
| 0.56 | ZEOWW | Zeo Energy Corp | PairCorr |
| 0.46 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.43 | CLSKW | CleanSpark, Warrant | PairCorr |
| 0.31 | FOXXW | Foxx Development Holdings | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Markforged Stock performing well and Markforged Holding 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 Markforged Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSYS | 1.96 | 0.03 | 0.00 | (0.03) | 0.00 | 3.65 | 15.67 | |||
| DM | 6.31 | 1.67 | 0.32 | (7.52) | 4.53 | 14.96 | 100.72 | |||
| DDD | 4.06 | (1.09) | 0.00 | (0.74) | 0.00 | 7.59 | 41.46 | |||
| NNDM | 2.12 | (0.64) | 0.00 | (1.13) | 0.00 | 3.77 | 20.14 | |||
| VLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IONQ | 5.17 | 0.26 | 0.03 | 0.04 | 5.80 | 16.68 | 30.56 | |||
| QBTS | 7.28 | 1.71 | 0.26 | 0.79 | 5.55 | 16.20 | 64.91 | |||
| PSTG | 2.95 | (0.08) | 0.00 | (0.10) | 0.00 | 5.64 | 21.75 |
Markforged Holding Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Markforged Holding stock to make a market-neutral strategy. Peer analysis of Markforged Holding could also be used in its relative valuation, which is a method of valuing Markforged Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Markforged Holding Corporate Management
| Stephen Karp | General Secretary | Profile | |
| John Howard | Senior Engineering | Profile | |
| Pelham Norville | Chief Officer | Profile | |
| Mark Schwartz | Chief Officer | Profile | |
| Kara Weiner | Senior Operations | Profile | |
| Matt Gannon | VP Operations | Profile |
Still Interested in Markforged Holding Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.