Microsoft Corp Correlations

MSFT
 Stock
  

USD 267.70  8.84  3.42%   

The correlation of Microsoft Corp is a statistical measure of how it moves in relation to other equities. 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 Microsoft Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft Corp 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.
Additionally, see Stocks Correlation.
  
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The ability to find closely correlated positions to Microsoft Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft Corp 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 Microsoft Corp - 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 Microsoft Corp to buy it.

Moving together with Microsoft Corp

0.83ACIWAci WorldwidePairCorr
0.87ADBEAdobe Systems TrendingPairCorr
0.87AKAMAkamai TechnologiesPairCorr
0.88ALFAlfi IncPairCorr
0.94ALTRAltair EngineeringPairCorr
0.85APPNAppian Corp Cl Upward RallyPairCorr
0.9ARQQArqit QuantumPairCorr
0.75AUIDIpsidy IncPairCorr
0.93BANDBandwidthPairCorr
0.63BASECouchbasePairCorr
0.88BBBlackberryPairCorr
0.92BKKTBakkt HldgsPairCorr
0.91BLINBridgeline Digital Fiscal Year End 19th of December 2022 PairCorr

Moving against Microsoft Corp

0.54BKIBlack KnightPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AABB
MMMHPQ
TIBM
WMTAA
WMTKO
MMMAA
  
High negative correlations   

Microsoft Corp Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Microsoft Corp stock performing well and Microsoft Corp company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Microsoft Corp's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
BB 3.48 (0.01)  0.00 (0.16)  0.00 (0.0371)  0.00  7.08 (7.40)  21.56 
PFE 1.47  0.08  0.00 (0.03)  0.00  0.07  0.00  3.17 (3.16)  8.45 
IBM 1.22  0.29  0.20  0.21  1.39  0.19 (1.25)  2.47 (2.47)  11.05 
KO 1.03  0.18  0.12  0.09  1.77  0.15 (0.97)  1.87 (2.01)  10.05 
T 1.28  0.40  0.27  0.47  1.37  0.25 (1.46)  2.99 (2.47)  12.23 
HPQ 2.53  0.16  0.00 (0.05)  0.00  0.0243  0.00  4.02 (4.48)  21.74 
AA 3.32 (0.54)  0.00 (0.45)  0.00 (0.16)  0.00  5.10 (6.70)  21.93 
MMM 1.15 (0.03)  0.00 (0.19)  0.00  0.001  0.00  2.17 (2.52)  8.68 
WMT 1.39 (0.12)  0.00 (0.37)  0.00 (0.0269)  0.00  2.43 (2.47)  13.98 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Microsoft Corp without increasing your portfolio risk or giving up 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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Microsoft Corp Corporate Directors

Microsoft Corp corporate directors refer to members of a Microsoft Corp board of directors. The board of directors generally takes responsibility for the Microsoft Corp'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 Microsoft Corp's board members must vote for the resolution. The Microsoft Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Charles Scharf - DirectorProfile
Helmut Panke - Independent DirectorProfile
Penny Pritzker - Independent DirectorProfile
Sandra Peterson - Independent DirectorProfile

Investing Microsoft Corp

You need to understand the risk of investing before taking a position in Microsoft Corp. The danger of trading Microsoft Corp 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 Microsoft Corp 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 Microsoft Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Microsoft Corp 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.
Additionally, see Stocks Correlation. Note that the Microsoft Corp information on this page should be used as a complementary analysis to other Microsoft Corp'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 Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Microsoft Corp price analysis, check to measure Microsoft Corp'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 Microsoft Corp is operating at the current time. Most of Microsoft Corp's value examination focuses on studying past and present price action to predict the probability of Microsoft Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Microsoft Corp's price. Additionally, you may evaluate how the addition of Microsoft Corp to your portfolios can decrease your overall portfolio volatility.
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Is Microsoft Corp'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 Microsoft Corp. If investors know Microsoft 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 Microsoft Corp 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 YOY
0.094
Market Capitalization
2002.1 B
Quarterly Revenue Growth YOY
0.18
Return On Assets
0.16
Return On Equity
0.49
The market value of Microsoft Corp is measured differently than its book value, which is the value of Microsoft that is recorded on the company's balance sheet. Investors also form their own opinion of Microsoft Corp's value that differs from its market value or its book value, called intrinsic value, which is Microsoft Corp'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 Microsoft Corp's market value can be influenced by many factors that don't directly affect Microsoft Corp'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 Microsoft Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Microsoft Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Microsoft Corp'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.