Ford Correlations

FDMO34 Stock  BRL 62.58  0.48  0.77%   
The current 90-days correlation between Ford Motor and Marcopolo SA is -0.17 (i.e., Good diversification). The correlation of Ford is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Ford Correlation With Market

Weak diversification

The correlation between Ford Motor and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ford could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ford 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 Ford - 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 Ford Motor to buy it.

Moving together with Ford Stock

  0.87GMCO34 General Motors Earnings Call This WeekPairCorr
  0.73POMO4 Marcopolo SAPairCorr
  0.66FIGS11 Fundo de InvestimentoPairCorr
  0.71SPTW11 Sp Downtown FundoPairCorr
  0.71R1OP34 Roper Technologies, Earnings Call This WeekPairCorr
  0.73MSFT34 MicrosoftPairCorr

Moving against Ford Stock

  0.5TMCO34 Toyota MotorPairCorr
  0.43PPLA11 PPLA ParticipationsPairCorr

Related Correlations Analysis

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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   
RAPT4RAPT3
ROMI3KLBN3
RAPT3POMO4
ROMI3RAPT4
KLBN3POMO4
RAPT4POMO4
  
High negative correlations   
KLBN3RAPT3
KLBN3RAPT4
ROMI3POMO4
ROMI3RAPT3

Risk-Adjusted Indicators

There is a big difference between Ford Stock performing well and Ford Company 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 Ford'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ford without increasing your portfolio risk or giving up the 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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Ford Corporate Management

Elected by the shareholders, the Ford's board of directors comprises two types of representatives: Ford inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ford. The board's role is to monitor Ford's management team and ensure that shareholders' interests are well served. Ford's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ford's outside directors are responsible for providing unbiased perspectives on the board's policies.