MG Plc Correlations

MGPUF Stock

USD 4.29 0.10 2.39%

The current 90-days correlation between MG Plc and Intermediate Capital Group is -0.07 (i.e., Good diversification). The correlation of MG Plc 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.

MG Plc Correlation With Market

Very poor diversification

The correlation between MG Plc and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MG Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MGPUF Pink Sheet

0.66	BLK	BlackRock	Pair Corr
0.88	BK	Bank of New York	Pair Corr
0.92	IVSBF	Investor AB ser	Pair Corr
0.9	IVSXF	Investor AB	Pair Corr
0.83	AMP	Ameriprise Financial	Pair Corr
0.79	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.84	SAR	Saratoga Investment Corp	Pair Corr
0.76	ACN	Accenture plc	Pair Corr
0.66	VLKPF	Volkswagen AG VZO	Pair Corr
0.74	LIN	Linde plc Ordinary Earnings Call This Week	Pair Corr
0.79	SPGX	Sustainable Projects	Pair Corr
0.89	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.85	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.8	MRK	Merck Company Earnings Call Tomorrow	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.86	BA	Boeing Sell-off Trend	Pair Corr

Moving against MGPUF Pink Sheet

0.48	HNHPF	Hon Hai Precision	Pair Corr
0.43	JD	JD Inc Adr	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.54	T	ATT Inc Earnings Call This Week	Pair Corr
0.46	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ICGUF	SHNWF	IGIFF	STJPF	MPFRY	SLFPY	CHBAF	AGRPF	ASXFF	SLFPF
ICGUF		-0.17	-0.35	-0.44	-0.13	0.07	0.0	0.0	0.48	-0.04	ICGUF
SHNWF	-0.17		0.93	0.49	-0.18	0.66	0.0	0.0	-0.27	0.79	SHNWF
IGIFF	-0.35	0.93		0.66	-0.12	0.69	0.0	0.0	-0.39	0.79	IGIFF
STJPF	-0.44	0.49	0.66		-0.05	0.37	0.0	0.0	-0.44	0.43	STJPF
MPFRY	-0.13	-0.18	-0.12	-0.05		-0.38	0.0	0.0	0.43	-0.38	MPFRY
SLFPY	0.07	0.66	0.69	0.37	-0.38		0.0	0.0	-0.36	0.87	SLFPY
CHBAF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CHBAF
AGRPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AGRPF
ASXFF	0.48	-0.27	-0.39	-0.44	0.43	-0.36	0.0	0.0		-0.4	ASXFF
SLFPF	-0.04	0.79	0.79	0.43	-0.38	0.87	0.0	0.0	-0.4		SLFPF
	ICGUF	SHNWF	IGIFF	STJPF	MPFRY	SLFPY	CHBAF	AGRPF	ASXFF	SLFPF

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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

IGIFF	+ 0.93	SHNWF
SLFPF	+ 0.87	SLFPY
SLFPF	+ 0.79	SHNWF
SLFPF	+ 0.79	IGIFF
SLFPY	+ 0.69	IGIFF
SLFPY	+ 0.66	SHNWF

High negative correlations

ASXFF	- 0.44	STJPF
STJPF	- 0.44	ICGUF
SLFPF	- 0.4	ASXFF
ASXFF	- 0.39	IGIFF
SLFPF	- 0.38	MPFRY
SLFPY	- 0.38	MPFRY

Risk-Adjusted Indicators

There is a big difference between MGPUF Pink Sheet performing well and MG Plc 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 MG Plc'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
ICGUF	0.16	0.00	0.00	0.04	0.00	0.00	0.00	0.00	5.20
SHNWF	0.83	0.30	0.00	2.21	0.00	0.00	4.38	0.00	13.69
IGIFF	1.07	0.32	0.18	0.59	1.16	(1.25)	2.46	(2.25)	8.10
STJPF	2.32	0.81	0.00	(0.57)	0.00	0.00	7.39	0.00	59.23
MPFRY	1.46	0.13	0.01	(0.39)	2.34	(3.82)	5.75	(5.19)	19.33
SLFPY	1.11	0.09	0.01	1.21	1.69	(2.73)	3.19	(4.34)	11.85
CHBAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGRPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASXFF	1.77	0.18	0.03	(0.57)	2.14	(6.01)	7.52	(5.10)	22.51
SLFPF	1.04	0.08	0.02	0.21	1.38	(2.97)	4.67	(3.88)	11.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in MG Plc 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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MG Plc Corporate Management

Paolo Rossi	CEO Director	Profile
Kathryn McLeland	CFO Director	Profile
Vanessa Murden	Chief Officer	Profile
Spencer Horgan	Director Relations	Profile
Jonathan Daniels	MD Officer	Profile
Peter MIIA	Chief Officer	Profile
Clare Bousfield	Managing Savings	Profile

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