Tax-loss harvesting using correlated positions
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
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 | 1.74 | 0.31 | 0.19 | 0.32 | 1.45 | 3.27 | 24.74 | |||
MSFT | 0.94 | (0.05) | (0.05) | 0.03 | 1.08 | 2.11 | 5.31 | |||
UBER | 1.59 | (0.04) | 0.02 | 0.06 | 1.62 | 2.83 | 18.39 | |||
F | 1.64 | 0.11 | 0.11 | 0.12 | 1.66 | 4.88 | 9.61 | |||
T | 0.95 | (0.02) | (0.05) | 0.03 | 1.18 | 2.18 | 5.92 | |||
A | 1.16 | (0.07) | (0.02) | 0.03 | 1.42 | 2.26 | 6.31 | |||
CRM | 1.24 | (0.12) | (0.04) | 0.00 | 1.95 | 2.83 | 10.84 | |||
JPM | 0.82 | 0.09 | 0.08 | 0.15 | 1.25 | 1.94 | 8.65 | |||
MRK | 0.65 | 0.04 | 0.04 | 0.13 | 0.64 | 1.18 | 6.92 | |||
XOM | 0.79 | 0.30 | 0.30 | 0.73 | 0.45 | 1.96 | 4.66 |
Did you try this?
Run Content Syndication Now
Content SyndicationQuickly integrate customizable finance content to your own investment portal |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Complementary Tools
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |