Big Tech Correlations
| BIGT Stock | 145.40 1.50 1.04% |
The current 90-days correlation between Big Tech 50 and Generation Capital is 0.1 (i.e., Average diversification). The correlation of Big Tech 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.
Big Tech Correlation With Market
Significant diversification
The correlation between Big Tech 50 and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big Tech 50 and DJI in the same portfolio, assuming nothing else is changed.
Big |
The ability to find closely correlated positions to Big Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Big Tech 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 Big Tech - 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 Big Tech 50 to buy it.
Moving together with Big Stock
| 0.77 | AQUA | Aquarius Engines | PairCorr |
| 0.76 | WILK | Wilk Technologies | PairCorr |
| 0.62 | APLP | Apollo Power | PairCorr |
| 0.73 | PRTC | Priortech | PairCorr |
Moving against Big Stock
| 0.87 | PFLT | PennantPark Floating Rate | PairCorr |
| 0.84 | IBI | IBI Inv House | PairCorr |
| 0.8 | GNRS | Generation Capital | PairCorr |
| 0.8 | MTDS | Meitav Dash Investments | PairCorr |
| 0.8 | ELDAV | Eldav L | PairCorr |
| 0.78 | ALTF | Altshuler Shaham Fin | PairCorr |
| 0.71 | MRIN | YD More Investments | PairCorr |
| 0.7 | MISH | Mivtach Shamir | PairCorr |
| 0.6 | INFR | Infimer | PairCorr |
| 0.59 | ANLT | Analyst IMS Investment | PairCorr |
Related Correlations Analysis
| 0.89 | 0.95 | 0.92 | 0.56 | 0.88 | 0.86 | GNRS | ||
| 0.89 | 0.92 | 0.78 | 0.65 | 0.86 | 0.83 | MTDS | ||
| 0.95 | 0.92 | 0.89 | 0.52 | 0.85 | 0.8 | IBI | ||
| 0.92 | 0.78 | 0.89 | 0.58 | 0.86 | 0.78 | MISH | ||
| 0.56 | 0.65 | 0.52 | 0.58 | 0.75 | 0.76 | EMDV | ||
| 0.88 | 0.86 | 0.85 | 0.86 | 0.75 | 0.89 | MRIN | ||
| 0.86 | 0.83 | 0.8 | 0.78 | 0.76 | 0.89 | ANLT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Big Stock performing well and Big Tech 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 Big Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GNRS | 1.74 | 0.53 | 0.19 | (2.90) | 1.55 | 4.83 | 11.56 | |||
| MTDS | 1.67 | 0.56 | 0.18 | (1.64) | 1.77 | 3.76 | 8.15 | |||
| IBI | 1.50 | 0.59 | 0.22 | 44.88 | 1.50 | 4.27 | 10.55 | |||
| MISH | 1.40 | 0.30 | 0.08 | (1.40) | 1.63 | 3.11 | 9.21 | |||
| EMDV | 1.73 | 0.11 | (0.02) | (0.19) | 2.15 | 4.67 | 10.57 | |||
| MRIN | 1.63 | 0.72 | 0.29 | (2.20) | 1.38 | 4.20 | 8.78 | |||
| ANLT | 0.99 | 0.27 | 0.10 | (0.85) | 0.82 | 2.20 | 8.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Big Tech 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.Did you try this?
Run Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |