Mesabi Trust Correlations

MSB Stock

USD 25.98 0.25 0.97%

The current 90-days correlation between Mesabi Trust and Metallus, is 0.47 (i.e., Very 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

Average diversification

The correlation between Mesabi Trust and DJI is 0.19 (i.e., Average 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 state.

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

Moving together with Mesabi Stock

0.67

SID

Companhia Siderurgica

Pair Corr

Moving against Mesabi Stock

0.67	AA	Alcoa Corp	Pair Corr
0.53	GGB	Gerdau SA ADR	Pair Corr
0.52	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.51	TX	Ternium SA ADR	Pair Corr
0.5	B	Barrick Mining Earnings Call This Week	Pair Corr
0.43	MT	ArcelorMittal SA ADR	Pair Corr
0.43	NUE	Nucor Corp Earnings Call This Week	Pair Corr
0.42	ZKIN	ZK International	Pair Corr
0.38	PKX	POSCO Holdings Earnings Call This Week	Pair Corr
0.36	WS	Worthington Steel	Pair Corr
0.31	EGO	Eldorado Gold Corp	Pair Corr
0.69	ASTL	Algoma Steel Group	Pair Corr
0.69	NC	NACCO Industries	Pair Corr
0.66	CF	CF Industries Holdings	Pair Corr
0.63	EU	enCore Energy Corp	Pair Corr
0.59	DC	Dakota Gold Corp	Pair Corr
0.58	CE	Celanese	Pair Corr
0.55	IE	Ivanhoe Electric	Pair Corr
0.54	X	United States Steel	Pair Corr
0.53	AU	AngloGold Ashanti plc	Pair Corr
0.52	AG	First Majestic Silver	Pair Corr
0.52	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.51	KALU	Kaiser Aluminum Earnings Call This Week	Pair Corr
0.43	DD	Dupont De Nemours	Pair Corr
0.41	FF	FutureFuel Corp	Pair Corr
0.36	MP	MP Materials Corp Trending	Pair Corr

Related Correlations Analysis

	MTUS	ZEUS	PKX	OUTKY	MTR	NRT	MVO	CRT	SBR
MTUS		0.72	0.9	0.71	0.41	0.56	0.0	-0.61	0.51	MTUS
ZEUS	0.72		0.76	0.51	0.13	0.18	-0.05	-0.49	0.18	ZEUS
PKX	0.9	0.76		0.69	0.34	0.42	0.04	-0.52	0.36	PKX
OUTKY	0.71	0.51	0.69		0.6	0.6	0.0	-0.5	0.2	OUTKY
MTR	0.41	0.13	0.34	0.6		0.39	0.2	-0.19	0.26	MTR
NRT	0.56	0.18	0.42	0.6	0.39		-0.26	-0.65	0.54	NRT
MVO	0.0	-0.05	0.04	0.0	0.2	-0.26		0.25	0.17	MVO
CRT	-0.61	-0.49	-0.52	-0.5	-0.19	-0.65	0.25		-0.35	CRT
SBR	0.51	0.18	0.36	0.2	0.26	0.54	0.17	-0.35		SBR
	MTUS	ZEUS	PKX	OUTKY	MTR	NRT	MVO	CRT	SBR

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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

PKX	+ 0.9	MTUS
PKX	+ 0.76	ZEUS
ZEUS	+ 0.72	MTUS
OUTKY	+ 0.71	MTUS
OUTKY	+ 0.69	PKX
MTR	+ 0.6	OUTKY

High negative correlations

CRT	- 0.65	NRT
CRT	- 0.61	MTUS
CRT	- 0.52	PKX
CRT	- 0.5	OUTKY
CRT	- 0.49	ZEUS
SBR	- 0.35	CRT

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	2.01	0.23	0.11	0.29	2.30	(2.40)	5.38	(2.84)	16.02
ZEUS	1.78	(0.04)	0.02	0.11	2.16	(1.85)	3.98	(3.40)	14.85
PKX	1.59	0.25	0.12	0.50	1.48	(1.83)	4.80	(3.04)	10.38
OUTKY	1.15	0.29	0.00	39.09	0.00	0.00	4.50	(2.87)	20.34
MTR	3.27	0.62	0.05	(0.48)	5.91	(3.96)	5.36	(3.71)	66.90
NRT	1.80	0.31	0.11	9.62	1.38	(2.59)	5.20	(2.62)	10.45
MVO	1.75	0.06	(0.05)	(0.03)	2.04	(2.09)	3.68	(3.55)	10.75
CRT	1.06	(0.09)	0.00	1.16	0.00	0.00	1.80	(2.56)	7.93
SBR	0.75	0.05	(0.06)	0.42	0.90	(0.77)	1.57	(1.41)	4.25

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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