Maritime Resources Correlations

MRTMF Stock

USD 0.03 0 12.00%

The current 90-days correlation between Maritime Resources Corp and Bank of America is -0.24 (i.e., Very good diversification). The correlation of Maritime Resources 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.

Maritime Resources Correlation With Market

Good diversification

The correlation between Maritime Resources Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maritime Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Maritime Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maritime Resources 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 Maritime Resources - 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 Maritime Resources Corp to buy it.

Moving together with Maritime Pink Sheet

0.61	NCMGF	Newcrest Mining	Pair Corr
0.66	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.71	HNHPF	Hon Hai Precision	Pair Corr
0.65	VLKAF	Volkswagen AG	Pair Corr
0.69	VWAGY	Volkswagen AG 110	Pair Corr
0.71	VWAPY	Volkswagen AG Pref	Pair Corr
0.62	VLKPF	Volkswagen AG VZO	Pair Corr
0.77	MSFT	Microsoft Aggressive Push	Pair Corr
0.77	INTC	Intel Aggressive Push	Pair Corr
0.74	DIS	Walt Disney Aggressive Push	Pair Corr
0.78	MRK	Merck Company Sell-off Trend	Pair Corr
0.77	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Maritime Pink Sheet

0.73	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.71	AEM	Agnico Eagle Mines	Pair Corr
0.66	ACN	Accenture plc Earnings Call This Week	Pair Corr
0.65	RDVT	Red Violet	Pair Corr
0.63	GOLD	Barrick Gold Corp Potential Growth	Pair Corr
0.54	WMT	Walmart	Pair Corr
0.5	WPM	Wheaton Precious Metals	Pair Corr
0.81	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.8	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.74	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.7	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.54	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.5	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.45	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.43	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.41	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.35	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	BAC	JPM	XOM	WMT	MRK	HPQ	CAT	CSCO	IBM
BAC		0.33	-0.02	-0.03	0.56	0.84	0.41	0.1	-0.18	BAC
JPM	0.33		0.53	0.57	-0.38	0.21	0.64	0.66	0.54	JPM
XOM	-0.02	0.53		0.01	-0.44	0.05	0.51	0.23	0.23	XOM
WMT	-0.03	0.57	0.01		-0.42	-0.2	0.55	0.87	0.89	WMT
MRK	0.56	-0.38	-0.44	-0.42		0.61	-0.22	-0.3	-0.66	MRK
HPQ	0.84	0.21	0.05	-0.2	0.61		0.33	0.03	-0.35	HPQ
CAT	0.41	0.64	0.51	0.55	-0.22	0.33		0.7	0.62	CAT
CSCO	0.1	0.66	0.23	0.87	-0.3	0.03	0.7		0.76	CSCO
IBM	-0.18	0.54	0.23	0.89	-0.66	-0.35	0.62	0.76		IBM
	BAC	JPM	XOM	WMT	MRK	HPQ	CAT	CSCO	IBM

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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

IBM	+ 0.89	WMT
CSCO	+ 0.87	WMT
HPQ	+ 0.84	BAC
IBM	+ 0.76	CSCO
CSCO	+ 0.7	CAT
CSCO	+ 0.66	JPM

High negative correlations

IBM	- 0.66	MRK
MRK	- 0.44	XOM
MRK	- 0.42	WMT
MRK	- 0.38	JPM
IBM	- 0.35	HPQ
CSCO	- 0.3	MRK

Risk-Adjusted Indicators

There is a big difference between Maritime Pink Sheet performing well and Maritime Resources 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 Maritime Resources' 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
BAC	1.12	(0.11)	(0.06)	0.02	1.55	(1.12)	2.29	(2.46)	10.18
JPM	1.10	(0.02)	0.00	0.10	1.67	(1.00)	2.05	(2.38)	7.98
XOM	1.07	0.01	(0.02)	0.13	1.28	(1.10)	2.10	(2.09)	6.61
WMT	0.82	0.18	0.13	0.48	0.69	(0.97)	1.67	(1.27)	9.01
MRK	1.10	(0.12)	0.00	5.02	0.00	0.00	2.01	(2.09)	13.12
HPQ	1.32	(0.21)	0.00	(0.06)	0.00	0.00	2.15	(3.25)	6.74
CAT	1.27	0.02	0.05	0.13	1.48	(1.44)	3.04	(2.36)	8.74
CSCO	0.98	0.07	0.06	0.17	1.05	(1.02)	1.92	(1.54)	8.50
IBM	0.91	0.28	0.27	0.43	0.55	(1.12)	2.23	(1.29)	7.40

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Our tools can tell you how much better you can do entering a position in Maritime Resources 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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Maritime Resources Corporate Management

CMA CPA	VP CFO	Profile
Tania CPIR	Head Relations	Profile
Catherine DiVito	Ma Relations	Profile
BE BASc	CEO Pres	Profile
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