Masco Correlations
| MAS Stock | USD 72.02 0.11 0.15% |
The correlation of Masco 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Masco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Masco 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.
Poor diversification
The correlation between Masco and NYA is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Masco and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Masco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Masco 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 Masco - 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 Masco to buy it.
Moving together with Masco Stock
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Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Masco Stock performing well and Masco 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 Masco'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Masco 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.Did you try this?
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Masco Corporate Directors
Masco corporate directors refer to members of a Masco board of directors. The board of directors generally takes responsibility for the Masco'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 Masco's board members must vote for the resolution. The Masco board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Irene Tasi | Director of Investor Relations | Profile | |
| Charles Stevens | Independent Director | Profile | |
| Reginald Turner | Independent Director | Profile | |
| Mary Lokeren | Independent Director | Profile |
Already Invested in Masco?
The danger of trading Masco 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 Masco 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 Masco. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Masco 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.
When determining whether Masco is a strong investment it is important to analyze Masco's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Masco's future performance. For an informed investment choice regarding Masco Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Masco. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For more information on how to buy Masco Stock please use our How to Invest in Masco guide.Note that the Masco information on this page should be used as a complementary analysis to other Masco's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Masco Stock analysis
When running Masco's price analysis, check to measure Masco'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 Masco is operating at the current time. Most of Masco's value examination focuses on studying past and present price action to predict the probability of Masco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Masco's price. Additionally, you may evaluate how the addition of Masco to your portfolios can decrease your overall portfolio volatility.
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Is Masco's 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 Masco. If investors know Masco 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 Masco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.715 | Dividend Share 1.145 | Earnings Share 4.02 | Revenue Per Share 35.409 | Quarterly Revenue Growth (0.02) |
The market value of Masco is measured differently than its book value, which is the value of Masco that is recorded on the company's balance sheet. Investors also form their own opinion of Masco's value that differs from its market value or its book value, called intrinsic value, which is Masco's 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 Masco's market value can be influenced by many factors that don't directly affect Masco's 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 Masco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Masco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Masco'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.