Merchants National Correlations

MNPP Stock

USD 1,825 37.00 2.07%

The current 90-days correlation between Merchants National and Pardee Resources Co is 0.03 (i.e., Significant diversification). The correlation of Merchants National 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Merchants National Correlation With Market

Good diversification

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

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

Moving together with Merchants Pink Sheet

0.61	DIFTY	Daito Trust Construction Earnings Call Next Week	Pair Corr
0.68	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr

Moving against Merchants Pink Sheet

0.42	HLDVF	Henderson Land	Pair Corr
0.4	HLDCY	Henderson Land Devel	Pair Corr
0.59	PTHL	Pheton Holdings	Pair Corr
0.58	CGXYY	China Galaxy Securities	Pair Corr
0.5	PTAIF	PT Astra International	Pair Corr
0.43	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.42	FVR	FrontView REIT,	Pair Corr
0.37	LTRY	Lottery, Common Stock	Pair Corr
0.33	GITS	Global Interactive Symbol Change	Pair Corr
0.31	AX	Axos Financial Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	JOE	PDER	LICT	MHGU	RSRV
JOE		-0.51	0.0	0.0	0.59	JOE
PDER	-0.51		0.0	0.0	-0.37	PDER
LICT	0.0	0.0		0.0	0.0	LICT
MHGU	0.0	0.0	0.0		0.0	MHGU
RSRV	0.59	-0.37	0.0	0.0		RSRV
	JOE	PDER	LICT	MHGU	RSRV

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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

RSRV	+ 0.59	JOE
LICT	+ 0.0	JOE
MHGU	+ 0.0	JOE
LICT	+ 0.0	PDER
MHGU	+ 0.0	PDER
MHGU	+ 0.0	LICT

High negative correlations

PDER	- 0.51	JOE
RSRV	- 0.37	PDER
RSRV	- 0.0	MHGU
RSRV	- 0.0	LICT
MHGU	- 0.0	LICT
MHGU	- 0.0	PDER

Risk-Adjusted Indicators

There is a big difference between Merchants Pink Sheet performing well and Merchants National 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 Merchants National'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
JOE	1.28	0.07	0.06	0.19	1.42	(1.40)	2.88	(2.89)	8.50
PDER	0.91	0.09	(0.04)	(0.31)	1.26	(1.32)	3.33	(1.69)	9.76
LICT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MHGU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSRV	1.74	0.23	0.03	0.94	2.14	(3.85)	5.72	(4.89)	17.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Merchants National 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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Merchants National Corporate Management

Liz Pollack	Sr Marketing	Profile
Jagdish Shah	CFO Treasurer	Profile
Amy Jedlicka	Sr Counsel	Profile
Craig JD	CEO Pres	Profile
Paul DiCarlo	Managing Acquisitions	Profile
Jamie Cekaj	Operations Mang	Profile
Danny Santos	Controller	Profile

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