Manufactured Housing Correlations

MHPC
 Stock
  

USD 1.75  0.25  16.67%   

The correlation of Manufactured Housing 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 Manufactured Housing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manufactured Housing Properties 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 Manufactured Housing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manufactured Housing 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 Manufactured Housing - 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 Manufactured Housing Properties to buy it.

Related Correlations

VNNVF
MRK
DALN
KNG
VNNVF
0.250.240.75
VNNVF
MRK
0.25-0.530.76
MRK
DALN
0.24-0.53-0.1
DALN
KNG
0.750.76-0.1
KNG
VNNVF
MRK
DALN
KNG
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
KNGMRK
KNGVNNVF
MRKVNNVF
DALNVNNVF
  
High negative correlations   
DALNMRK
KNGDALN

Risk-Adjusted Indicators

Nowadays, there is a big difference between Manufactured Pink Sheet performing well and Manufactured Housing 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 Manufactured Housing's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

The entity Manufactured Housing Properties with a symbol MHPC was recently relisted or delisted. You can potentially use Manufactured Housing Properties with a symbol MHPC. Please make sure the ticker renaming or change in the classification of Manufactured Housing Properties is not a temporary action by the exchange.

Manufactured Housing Corporate Directors

Manufactured Housing corporate directors refer to members of a Manufactured Housing board of directors. The board of directors generally takes responsibility for the Manufactured Housing's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Manufactured Housing's board members must vote for the resolution. The Manufactured Housing board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Invested in Manufactured Housing Properties?

The danger of trading Manufactured Housing Properties 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 Manufactured Housing 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 Manufactured Housing. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Manufactured Housing 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for analysis

When running Manufactured Housing price analysis, check to measure Manufactured Housing's 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 Manufactured Housing is operating at the current time. Most of Manufactured Housing's value examination focuses on studying past and present price action to predict the probability of Manufactured Housing's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Manufactured Housing's price. Additionally, you may evaluate how the addition of Manufactured Housing to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Manufactured Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine Manufactured Housing value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manufactured Housing's 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.