Merrill Lynch Related Correlations
Generate correlation matrix for Merrill Lynch and other related equities to check the degree to which Merrill Lynch price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Merrill Lynch. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
The market value of Merrill Lynch is measured differently than its book value, which is the value of Merrill that is recorded on the company's balance sheet. Investors also form their own opinion of Merrill Lynch's value that differs from its market value or its book value, called intrinsic value, which is Merrill Lynch'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 Merrill Lynch's market value can be influenced by many factors that don't directly affect Merrill Lynch'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 Merrill Lynch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merrill Lynch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merrill Lynch'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.
Correlations
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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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Merrill Lynch Competition Risk-Adjusted Indicators
There is a big difference between Merrill Etf performing well and Merrill Lynch ETF 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 Merrill Lynch'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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
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META | 1.76 | 0.34 | 0.21 | 0.33 | 1.44 | 3.27 | 24.74 | |||
MSFT | 0.95 | (0.04) | (0.03) | 0.04 | 1.08 | 2.11 | 5.31 | |||
UBER | 1.63 | 0.01 | 0.05 | 0.08 | 1.61 | 2.83 | 18.39 | |||
F | 1.57 | 0.00 | 0.04 | 0.08 | 1.78 | 4.07 | 9.61 | |||
T | 0.93 | 0.00 | (0.04) | 0.07 | 1.15 | 2.18 | 5.92 | |||
A | 1.18 | (0.05) | (0.01) | 0.04 | 1.42 | 2.26 | 6.31 | |||
CRM | 1.24 | (0.11) | (0.04) | 0.00 | 1.96 | 2.83 | 10.84 | |||
JPM | 0.80 | 0.07 | 0.06 | 0.14 | 1.31 | 1.94 | 8.65 | |||
MRK | 0.64 | 0.04 | 0.03 | 0.12 | 0.66 | 1.18 | 6.92 | |||
XOM | 0.80 | 0.30 | 0.30 | 0.72 | 0.45 | 1.96 | 4.66 |