MP Materials Correlations
| MP Stock | USD 31.19 0.14 0.45% |
The current 90-days correlation between MP Materials Corp and EastGroup Properties is 0.23 (i.e., Modest diversification). The correlation of MP Materials 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.
MP Materials Correlation With Market
Modest diversification
The correlation between MP Materials Corp and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MP Materials Corp and DJI in the same portfolio, assuming nothing else is changed.
MP Materials | Build AI portfolio with MP Materials Stock |
Moving together with MP Materials Stock
| 0.75 | FURY | Fury Gold Mines | PairCorr |
| 0.62 | IPX | IperionX Limited American | PairCorr |
| 0.66 | LZM | Lifezone Metals | PairCorr |
| 0.76 | NAK | Northern Dynasty Minerals | PairCorr |
| 0.69 | SKE | Skeena Resources | PairCorr |
| 0.71 | TMC | TMC the metals | PairCorr |
| 0.84 | WWR | Westwater Resources | PairCorr |
| 0.69 | TMCWW | TMC the metals | PairCorr |
| 0.65 | USARW | USA Rare Earth, Symbol Change | PairCorr |
| 0.83 | CRMLW | Critical Metals Corp | PairCorr |
Moving against MP Materials Stock
| 0.43 | RIO | Rio Tinto ADR | PairCorr |
| 0.41 | LAC | Lithium Americas Corp | PairCorr |
| 0.37 | LGO | Largo Resources | PairCorr |
| 0.32 | PLL | Piedmont Lithium | PairCorr |
| 0.82 | IONR | ioneer American | PairCorr |
| 0.46 | SGML | Sigma Lithium Resources Buyout Trend | PairCorr |
| 0.43 | NEXA | Nexa Resources SA | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between MP Materials Stock performing well and MP Materials 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 MP Materials' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RFBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EGP | 1.24 | (0.11) | 0.00 | (0.05) | 0.00 | 1.89 | 10.92 | |||
| LWAY | 1.35 | (0.02) | (0.03) | 0.03 | 1.86 | 3.50 | 11.98 | |||
| GFF | 1.83 | (0.03) | 0.00 | 0.05 | 2.34 | 4.44 | 15.07 | |||
| DIT | 2.58 | 0.03 | 0.00 | 0.18 | 2.96 | 5.88 | 18.70 | |||
| SFD | 1.45 | 0.20 | 0.11 | 0.36 | 1.42 | 4.46 | 11.05 | |||
| NHMD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JBSS | 1.37 | (0.09) | 0.00 | (0.15) | 0.00 | 2.93 | 7.33 |
MP Materials Corporate Management
| James JD | Pres Chairman | Profile | |
| Andrew Mcknight | Independent Director | Profile | |
| Sheila Bangalore | General Counsel and Chief Strategy Officer | Profile | |
| Randall Weisenburger | Independent Director | Profile | |
| David Infuso | Chief Officer | Profile | |
| Elliot Hoops | General Counsel, Secretary | Profile |