Stock Correlation

An investor can reduce portfolio risk only by holding instruments that are not perfectly correlated. In other words, investors can reduce their exposure to individual asset risk by holding a diversified portfolio of assets. Diversification will allow for the same portfolio return with reduced risk. This stock correlation screener helps you find relationships between any equity instruments and their respective price or return movements over time enabling you to manage your portfolio risk more effectively.

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Correlation Matchups

High positive correlations

Insignificant correlation

High negative correlations

Performance Indicators

Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
 6.19  0.09 (0.01)  0.49  6.42 (0.0094) (7.53)  12.38 (11.41)  56.61 
 4.42  1.06  0.14 (3.25)  4.36  0.12 (5.22)  10.59 (7.33)  31.50 
 1.60  0.70  0.14 (1.88)  1.56  0.14 (1.85)  3.16 (3.07)  13.52 
 2.82  0.57  0.07 (21.66)  3.05  0.07 (2.99)  4.41 (5.44)  19.76 
 4.03  0.42  0.01 (1.47)  4.51  0.0076 (4.25)  8.95 (6.12)  25.54 
 0.12  0.05  0.00  6.81  0.00 (0.76)  0.00  0.00  0.00  2.13 
 1.60  0.15 (0.06)  2.36  2.02 (0.07) (1.68)  3.32 (3.01)  10.91 
 2.69  0.49  0.04 (2.71)  2.81  0.0391 (2.91)  6.25 (4.13)  19.44 
 1.72  0.49  0.05 (2.46)  1.97  0.05 (1.92)  4.16 (4.19)  12.95 
 2.04  0.28 (0.04) (0.73)  2.56 (0.0421) (2.11)  3.92 (3.77)  17.11 
 1.99  0.25 (0.03) (3.05)  2.27 (0.0304) (2.16)  5.19 (4.14)  14.47 
 3.20  0.33  0.00 (10.92)  3.71  0.0037 (3.18)  6.54 (4.94)  19.54 
 1.89  0.12 (0.10) (0.15)  2.50 (0.11) (1.78)  3.34 (3.58)  13.34 
 1.76  0.39  0.04 (5.31)  1.52  0.0288 (2.06)  3.77 (2.79)  10.40 
 1.86  0.30 (0.04) (0.84)  2.19 (0.0357) (1.97)  4.10 (3.27)  12.30 


About correlation table

The correlation table is a two-dimensional matrix that shows the correlation coefficient between pairs of securities. The cells in the table are color-coded to highlight significantly positive and negative relationships. The Macroaxis Correlation Table is a table showing correlation coefficients between stocks, funds, ETFs, or cryptocurrencies. Each cell in the table shows the correlation between one pair of equities.

About correlation cloud

Correlation cloud is a flat representation of correlation coefficients between pairs of securities. The links in the cloud are color-coded to highlight significantly positive and negative relationships. The Macroaxis Correlation Cloud is a scaled text that shows correlation coefficients between stocks, funds, ETFs, or cryptocurrencies. Each text element in the cloud shows the correlation between one pair of equities.

To create correlation table or cloud specify valid comma-separated symbols and hit Build It button.

Please note, the New York Stock Exchange (NYSE) and American Stock Exchange (AMEX) have recently merged. Although Macroaxis has implemented solutions to handle this transition gracefully, you may still find some securities that may not be fully transferred from one exchange to another.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page