Metallus Correlations

Stocks . USA . 
Stock . Metallus
MTUS Stock   20.59  0.64  3.21%   
The current 90-days correlation between Metallus and Nexa Resources SA is -0.08 (i.e., Good diversification). The correlation of Metallus 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.

Metallus Correlation With Market

Very poor diversification

The correlation between Metallus and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metallus and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Metallus Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metallus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.
For more information on how to buy Metallus Stock please use our How to Invest in Metallus guide.

Moving together with Metallus Stock

  0.74B Barrick Mining Symbol ChangePairCorr
  0.84AA Alcoa CorpPairCorr
  0.84AG First Majestic SilverPairCorr
  0.8AP Ampco PittsburghPairCorr
  0.82HL Hecla MiningPairCorr
  0.86WS Worthington SteelPairCorr
  0.71LY1 Lion One MetalsPairCorr
  0.81PME Sentry Select PrimaryPairCorr
  0.83MKO Mako Mining CorpPairCorr
  0.74QTWO Q2 Metals CorpPairCorr
  0.66AOC Aluminumof ChinaPairCorr
  0.76AEM Agnico Eagle MinesPairCorr
  0.72BTG B2Gold CorpPairCorr
  0.85BVN Compania de MinasPairCorr
  0.84CDE Coeur MiningPairCorr
  0.75CLF Cleveland CliffsPairCorr
  0.8EGO Eldorado Gold CorpPairCorr
  0.88FCX Freeport McMoran CopperPairCorr
  0.72FSM Fortuna Silver MinesPairCorr
  0.85GAU Galiano GoldPairCorr
  0.74HMY Harmony Gold MiningPairCorr
  0.71IAG IAMGoldPairCorr
  0.8NEM Newmont Goldcorp CorpPairCorr
  0.82NGD New GoldPairCorr
  0.67PKX POSCO HoldingsPairCorr
  0.84SVM Silvercorp Metals Earnings Call This WeekPairCorr
  0.69LIO Lion One MetalsPairCorr
  0.88BCM Bear Creek MiningPairCorr
  0.87ZEUS Olympic SteelPairCorr

Moving against Metallus Stock

  0.37GML Gateway MiningPairCorr
  0.69ZKIN ZK InternationalPairCorr
  0.66KAL Kalgoorlie Gold MiningPairCorr

Related Correlations Analysis


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

CMP
+ 0.95
NEXA
LAR
+ 0.92
CMP
LAR
+ 0.91
NEXA
IAUX
+ 0.91
NEXA
IAUX
+ 0.9
SLI
TMQ
+ 0.87
NEXA
  

High negative correlations

LWLG
- 0.68
IAUX
LWLG
- 0.64
SLI
LWLG
- 0.49
NEXA
LWLG
- 0.41
CMP
ASTL
- 0.36
LWLG
TMQ
- 0.34
LWLG

Risk-Adjusted Indicators

There is a big difference between Metallus Stock performing well and Metallus 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 Metallus' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
NEXA  3.28  1.35  0.42 (2.77) 2.33 
(4.23)
 7.80 
(4.48)
 15.16 
CMP  2.33  0.49  0.15  0.29  3.05 
(2.59)
 4.98 
(3.29)
 19.48 
SLI  3.67  0.28  0.05  0.55  5.22 
(3.49)
 6.94 
(9.50)
 24.43 
LAR  3.69  0.81  0.18  1.34  3.87 
(4.30)
 9.25 
(7.46)
 23.79 
IAUX  2.75  0.89  0.20  1.19  3.64 
(3.26)
 5.66 
(5.26)
 21.04 
ODC  1.62  0.10  0.04  0.15  2.46 
(1.76)
 3.17 
(2.61)
 15.64 
GPRE  2.89  0.19  0.05  0.21  3.63 
(3.15)
 5.46 
(5.05)
 27.29 
LWLG  4.19 (0.54) 0.00 (0.18) 0.00 
 0.00 
 9.03 
(9.16)
 31.90 
TMQ  3.77  0.07  0.01  0.11  5.11 
(4.03)
 7.29 
(7.64)
 29.21 
ASTL  3.18 (0.05) 0.00  0.03  3.75 
(3.57)
 7.14 
(6.12)
 18.39 

Metallus Corporate Executives

Elected by the shareholders, the Metallus' board of directors comprises two types of representatives: Metallus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Metallus. The board's role is to monitor Metallus' management team and ensure that shareholders' interests are well served. Metallus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Metallus' outside directors are responsible for providing unbiased perspectives on the board's policies.
Kristopher WestbrooksExecutive CFOProfile
John IIIExecutive CFOProfile
Kristopher CPAExecutive CFOProfile
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