Maiden Holdings Correlations

MHNC
 Stock
  

USD 18.74  0.31  1.68%   

The correlation of Maiden Holdings is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Maiden Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maiden Holdings North moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, see Correlation Analysis.
  
The ability to find closely correlated positions to Maiden Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maiden Holdings 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 Maiden Holdings - 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 Maiden Holdings North to buy it.

Moving together with Maiden Holdings

+0.72AIZNAssurantPairCorr
+0.72RZAReinsurance GroupPairCorr

Moving against Maiden Holdings

-0.74TLKTelkom Indonesia TbkPairCorr
-0.73TLKMFTelkom Indonesia TbkPairCorr
-0.75PTAIFPT Astra InternationalPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
MRKABBV
JPMPEP
MRKPEP
ABBVWMT
MRKWMT
WMTPEP
  
High negative correlations   
MRKCNFRL
PEPCNFRL
BHFCNFRL
ABBVCNFRL
JPMCNFRL
WMTCNFRL

Risk-Adjusted Indicators

Nowadays, there is a big difference between Maiden Stock performing well and Maiden Holdings company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Maiden Holdings' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BHFAL 1.15  0.02  0.00  0.11  1.58 (0.0046) (1.26)  2.99 (3.11)  8.04 
CNFRL 0.62 (0.06)  0.00 (0.63)  0.00 (0.12)  0.00  1.74 (2.12)  6.18 
SBUX 1.68  0.24  0.12  0.30  1.66  0.10 (1.86)  4.49 (2.90)  11.00 
PEP 1.00  0.08  0.04  0.21  1.19  0.0355 (1.04)  2.21 (2.00)  6.71 
WMT 1.04  0.14  0.09  0.31  1.11  0.08 (1.17)  2.18 (2.33)  7.70 
JPM 1.53  0.17  0.10  0.22  1.39  0.09 (1.67)  4.20 (2.80)  8.36 
BHF 2.12  0.11  0.06  0.14  2.35  0.05 (2.49)  4.76 (3.73)  15.11 
SMMT 8.28  3.13  0.49 (2.36)  4.41  0.12 (11.58)  10.78 (9.18)  25.78 
ABBV 1.16  0.26  0.12  0.54  1.42  0.14 (1.21)  2.65 (2.12)  8.08 
MRK 0.98  0.36  0.26  1.21  0.81  0.24 (1.20)  2.44 (1.43)  7.38 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Maiden Holdings 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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Invested in Maiden Holdings North?

The danger of trading Maiden Holdings North is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Maiden Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Maiden Holdings. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Maiden Holdings North is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for analysis

When running Maiden Holdings North price analysis, check to measure Maiden Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Maiden Holdings is operating at the current time. Most of Maiden Holdings' value examination focuses on studying past and present price action to predict the probability of Maiden Holdings' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Maiden Holdings' price. Additionally, you may evaluate how the addition of Maiden Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Maiden Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Maiden Holdings. If investors know Maiden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Maiden Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Maiden Holdings North is measured differently than its book value, which is the value of Maiden that is recorded on the company's balance sheet. Investors also form their own opinion of Maiden Holdings' value that differs from its market value or its book value, called intrinsic value, which is Maiden Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Maiden Holdings' market value can be influenced by many factors that don't directly affect Maiden Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Maiden Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine Maiden Holdings value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Maiden Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.