Tax-loss harvesting using correlated positions
Related Correlations Analysis
META | MSFT | UBER | F | T | A | CRM | JPM | MRK | XOM | ||
META | 0.86 | 0.95 | 0.73 | 0.36 | 0.6 | 0.92 | 0.87 | 0.77 | 0.76 | META | |
MSFT | 0.86 | 0.83 | 0.53 | 0.45 | 0.44 | 0.91 | 0.77 | 0.78 | 0.68 | MSFT | |
UBER | 0.95 | 0.83 | 0.71 | 0.27 | 0.59 | 0.94 | 0.86 | 0.74 | 0.72 | UBER | |
F | 0.73 | 0.53 | 0.71 | 0.16 | 0.67 | 0.63 | 0.73 | 0.41 | 0.73 | F | |
T | 0.36 | 0.45 | 0.27 | 0.16 | 0.19 | 0.36 | 0.39 | 0.54 | 0.39 | T | |
A | 0.6 | 0.44 | 0.59 | 0.67 | 0.19 | 0.61 | 0.78 | 0.08 | 0.83 | A | |
CRM | 0.92 | 0.91 | 0.94 | 0.63 | 0.36 | 0.61 | 0.85 | 0.71 | 0.72 | CRM | |
JPM | 0.87 | 0.77 | 0.86 | 0.73 | 0.39 | 0.78 | 0.85 | 0.6 | 0.94 | JPM | |
MRK | 0.77 | 0.78 | 0.74 | 0.41 | 0.54 | 0.08 | 0.71 | 0.6 | 0.43 | MRK | |
XOM | 0.76 | 0.68 | 0.72 | 0.73 | 0.39 | 0.83 | 0.72 | 0.94 | 0.43 | XOM | |
META | MSFT | UBER | F | T | A | CRM | JPM | MRK | XOM |
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between a company's stock performing well and the company itself 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 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
META | 1.68 | 0.66 | 0.28 | (0.73) | 1.13 | 3.34 | 24.74 | |||
MSFT | 0.88 | 0.06 | 0.05 | 0.18 | 0.90 | 2.11 | 5.31 | |||
UBER | 1.60 | 0.13 | 0.15 | 0.19 | 1.41 | 2.83 | 18.39 | |||
F | 1.48 | (0.12) | 0.01 | 0.07 | 1.61 | 4.07 | 9.61 | |||
T | 0.98 | 0.07 | (0.01) | 0.31 | 1.16 | 2.20 | 6.58 | |||
A | 1.10 | (0.10) | (0.02) | 0.06 | 1.43 | 2.27 | 5.92 | |||
CRM | 1.16 | 0.02 | 0.04 | 0.14 | 1.29 | 2.85 | 8.93 | |||
JPM | 0.66 | 0.17 | 0.20 | 0.33 | 0.30 | 1.73 | 3.96 | |||
MRK | 0.70 | 0.24 | 0.29 | 0.46 | 0.00 | 1.95 | 6.92 | |||
XOM | 0.87 | 0.13 | 0.07 | 0.35 | 0.79 | 2.04 | 4.66 |
Did you try this?
Run Cryptocurrency Center Now
Cryptocurrency CenterBuild and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
All Next | Launch Module |
Thematic Opportunities
Explore Investment Opportunities
Check out your portfolio center.Note that this page's information should be used as a complementary analysis 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Other Complementary Tools
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
CEOs Directory Screen CEOs from public companies around the world | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Bonds Directory Find actively traded corporate debentures issued by US companies |