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 | 1.91 | 0.18 | 0.08 | 0.20 | 2.33 | 3.27 | 30.88 | |||
MSFT | 1.04 | (0.04) | (0.03) | 0.03 | 1.21 | 2.22 | 5.87 | |||
UBER | 1.62 | (0.01) | 0.02 | 0.06 | 1.69 | 2.64 | 18.39 | |||
F | 1.59 | (0.02) | 0.04 | 0.06 | 1.92 | 4.88 | 10.80 | |||
T | 0.87 | (0.08) | 0.00 | (0.16) | 0.00 | 1.88 | 4.89 | |||
A | 1.22 | 0.01 | 0.03 | 0.08 | 1.29 | 2.29 | 6.31 | |||
CRM | 1.20 | (0.13) | 0.00 | (0.02) | 0.00 | 2.64 | 10.84 | |||
JPM | 0.76 | 0.06 | 0.05 | 0.12 | 1.27 | 1.94 | 8.65 | |||
MRK | 0.68 | 0.04 | 0.02 | 0.12 | 0.63 | 1.35 | 6.92 | |||
XOM | 0.79 | 0.17 | 0.12 | 0.50 | 0.77 | 1.77 | 5.64 |
Did you try this?
Run Idea Analyzer Now
Idea AnalyzerAnalyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |
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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Complementary Tools
Stocks Directory Find actively traded stocks across global markets | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
CEOs Directory Screen CEOs from public companies around the world | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |