Broadcom CDR Correlations

AVGO Stock

13.35 0.47 3.65%

The current 90-days correlation between Broadcom CDR and CVW CleanTech is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Broadcom CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Broadcom CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Broadcom CDR Correlation With Market

Average diversification

The correlation between Broadcom CDR and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broadcom CDR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Broadcom CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Broadcom CDR 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 Broadcom CDR - 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 Broadcom CDR to buy it.

Moving against Broadcom Stock

0.51	NXR-UN	Nexus Real Estate	Pair Corr
0.31	ENB-PFU	Enbridge Pref L	Pair Corr

Related Correlations Analysis

	CVW	DAR	CRM	ROOF	BLM	PD	GFL
CVW		0.65	-0.06	0.88	0.08	-0.79	0.5	CVW
DAR	0.65		-0.5	0.72	-0.27	-0.78	0.77	DAR
CRM	-0.06	-0.5		-0.22	0.27	0.56	-0.64	CRM
ROOF	0.88	0.72	-0.22		0.07	-0.86	0.57	ROOF
BLM	0.08	-0.27	0.27	0.07		0.11	-0.4	BLM
PD	-0.79	-0.78	0.56	-0.86	0.11		-0.77	PD
GFL	0.5	0.77	-0.64	0.57	-0.4	-0.77		GFL
	CVW	DAR	CRM	ROOF	BLM	PD	GFL

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

ROOF	+ 0.88	CVW
GFL	+ 0.77	DAR
ROOF	+ 0.72	DAR
DAR	+ 0.65	CVW
GFL	+ 0.57	ROOF
PD	+ 0.56	CRM

High negative correlations

PD	- 0.86	ROOF
PD	- 0.79	CVW
PD	- 0.78	DAR
GFL	- 0.77	PD
GFL	- 0.64	CRM
CRM	- 0.5	DAR

Risk-Adjusted Indicators

There is a big difference between Broadcom Stock performing well and Broadcom CDR 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 Broadcom CDR'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CVW	1.89	(0.36)	0.00	(0.45)	0.00	0.00	3.90	(4.65)	9.76
DAR	1.41	(0.61)	0.00	2.38	0.00	0.00	0.00	(4.55)	19.38
CRM	1.45	0.04	0.00	0.15	1.96	(1.39)	3.78	(2.71)	9.80
ROOF	2.51	(0.47)	0.00	0.51	0.00	0.00	5.71	(5.56)	20.90
BLM	2.27	0.28	0.07	1.23	2.33	(3.13)	5.33	(3.57)	15.29
PD	1.47	0.30	0.12	0.75	1.82	(1.55)	2.71	(2.59)	8.26
GFL	0.83	(0.14)	0.00	(1.50)	0.00	0.00	1.79	(2.10)	5.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in Broadcom CDR 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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Broadcom CDR Corporate Management

Elected by the shareholders, the Broadcom CDR's board of directors comprises two types of representatives: Broadcom CDR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Broadcom. The board's role is to monitor Broadcom CDR's management team and ensure that shareholders' interests are well served. Broadcom CDR'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, Broadcom CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mark JD	Chief Officer	Profile
Frank Ostojic	Senior Division	Profile
Rich Nelson	Senior Group	Profile
Jill Turner	Vice Resources	Profile

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