Methanex Correlations
| MX Stock | CAD 46.34 0.48 1.03% |
The current 90-days correlation between Methanex and Keyera Corp is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Methanex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Methanex moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Methanex Correlation With Market
Good diversification
The correlation between Methanex and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Methanex and DJI in the same portfolio, assuming nothing else is changed.
Methanex |
The ability to find closely correlated positions to Methanex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Methanex 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 Methanex - 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 Methanex to buy it.
Moving together with Methanex Stock
| 0.64 | NVDA | NVIDIA CDR | PairCorr |
| 0.76 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.7 | TSLA | Tesla Inc CDR Earnings Call Tomorrow | PairCorr |
| 0.75 | MU | Micron Technology, | PairCorr |
| 0.7 | QCOM | QUALCOMM Incorporated | PairCorr |
| 0.66 | BA | BOEING CDR | PairCorr |
| 0.71 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.85 | CNQ | Canadian Natural Res | PairCorr |
Moving against Methanex Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Methanex Stock performing well and Methanex 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 Methanex'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTT | 1.43 | 0.65 | 0.40 | 1.25 | 0.74 | 3.78 | 16.27 | |||
| KEY | 0.92 | 0.13 | (0.02) | (0.73) | 0.99 | 2.34 | 7.74 | |||
| LNR | 1.40 | 0.46 | 0.29 | 2.27 | 0.87 | 3.32 | 11.38 | |||
| RUS | 0.85 | 0.22 | 0.09 | 2.29 | 0.79 | 1.82 | 6.65 | |||
| CCL-B | 0.83 | 0.24 | 0.13 | 8.29 | 0.55 | 1.70 | 9.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Methanex 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.Did you try this?
Run Commodity Directory Now
Commodity DirectoryFind actively traded commodities issued by global exchanges |
| All Next | Launch Module |
Methanex Corporate Management
Elected by the shareholders, the Methanex's board of directors comprises two types of representatives: Methanex inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Methanex. The board's role is to monitor Methanex's management team and ensure that shareholders' interests are well served. Methanex's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Methanex's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vanessa James | Sr. VP of Global Marketing and Logistics | Profile | |
| Karine Delbarre | Senior Logistics | Profile | |
| Sarah Herriott | Director Relations | Profile | |
| Mark Allard | Senior Solutions | Profile |