Mesabi Trust Correlations

MSB Stock

USD 35.44 0.32 0.89%

The current 90-days correlation between Mesabi Trust and Metallus, is 0.35 (i.e., Weak diversification). The correlation of Mesabi Trust 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.

Mesabi Trust Correlation With Market

Weak diversification

The correlation between Mesabi Trust and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mesabi Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mesabi Stock

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

For information on how to trade Mesabi Stock refer to our How to Trade Mesabi Stock guide.

Moving together with Mesabi Stock

0.61

Alcoa Corp

Pair Corr

Moving against Mesabi Stock

0.31	300337	Yinbang Clad Material	Pair Corr
0.51	KIP	Kiplin Metals Earnings Call Tomorrow	Pair Corr
0.36	300881	Shengtak New Material	Pair Corr

Related Correlations Analysis

	MTUS	ZEUS	PKX	OUTKY	MTR	NRT	MVO	CRT	SBR
MTUS		-0.09	-0.13	0.48	-0.64	0.4	0.06	-0.47	0.31	MTUS
ZEUS	-0.09		0.39	-0.68	0.7	-0.46	0.52	0.58	0.28	ZEUS
PKX	-0.13	0.39		-0.48	0.38	-0.55	-0.29	0.73	-0.55	PKX
OUTKY	0.48	-0.68	-0.48		-0.74	0.66	-0.13	-0.79	0.24	OUTKY
MTR	-0.64	0.7	0.38	-0.74		-0.53	0.28	0.66	-0.01	MTR
NRT	0.4	-0.46	-0.55	0.66	-0.53		-0.09	-0.72	0.47	NRT
MVO	0.06	0.52	-0.29	-0.13	0.28	-0.09		0.0	0.52	MVO
CRT	-0.47	0.58	0.73	-0.79	0.66	-0.72	0.0		-0.5	CRT
SBR	0.31	0.28	-0.55	0.24	-0.01	0.47	0.52	-0.5		SBR
	MTUS	ZEUS	PKX	OUTKY	MTR	NRT	MVO	CRT	SBR

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

CRT	+ 0.73	PKX
MTR	+ 0.7	ZEUS
NRT	+ 0.66	OUTKY
CRT	+ 0.66	MTR
CRT	+ 0.58	ZEUS
MVO	+ 0.52	ZEUS

High negative correlations

CRT	- 0.79	OUTKY
MTR	- 0.74	OUTKY
CRT	- 0.72	NRT
OUTKY	- 0.68	ZEUS
MTR	- 0.64	MTUS
SBR	- 0.55	PKX

Risk-Adjusted Indicators

There is a big difference between Mesabi Stock performing well and Mesabi Trust 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 Mesabi Trust'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
MTUS	1.80	(0.05)	0.02	0.05	1.98	(1.97)	4.14	(3.30)	8.27
ZEUS	1.67	(0.29)	0.00	(0.08)	0.00	0.00	3.27	(3.29)	11.77
PKX	1.63	(0.20)	0.00	(0.05)	0.00	0.00	3.08	(2.59)	9.45
OUTKY	1.25	0.17	0.01	(0.34)	1.90	(4.73)	5.29	(3.29)	17.55
MTR	1.54	(0.20)	0.00	(0.28)	0.00	0.00	2.71	(3.65)	13.03
NRT	1.71	0.11	0.05	0.16	2.22	(1.83)	5.01	(4.60)	15.32
MVO	1.30	(0.23)	0.00	(0.24)	0.00	0.00	2.15	(2.79)	11.42
CRT	1.29	(0.32)	0.00	(0.44)	0.00	0.00	3.01	(2.97)	7.18
SBR	1.16	0.06	0.02	0.16	1.48	(1.18)	2.75	(2.83)	7.48

Mesabi Trust Corporate Management

Robert Berglund	Trustee	Profile
Jeffrey Schoenfeld	Co Trustee	Profile
Robin Radke	Trustee	Profile
James Ehrenberg	Trustee	Profile
Michael Mlinar	Trustee	Profile

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