Merck CDR Correlations

MRK Stock

26.96 0.79 2.85%

The current 90-days correlation between Merck CDR and Merck Co is 1.0 (i.e., No risk reduction). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Merck CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merck CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Merck CDR Correlation With Market

Poor diversification

The correlation between Merck CDR and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merck CDR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Merck 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 Merck 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 Merck 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 Merck CDR to buy it.

Moving together with Merck Stock

0.89	JNJ	Johnson Johnson CDR	Pair Corr
1.0	MRK	Merck	Pair Corr
0.76	AMGN	Amgen CDR	Pair Corr
0.85	GILD	Gilead Sciences CDR	Pair Corr
0.65	SWA	Sarama Resource	Pair Corr
0.72	RUP	Rupert Resources	Pair Corr
0.68	SLF-PJ	Sun Life Financial	Pair Corr
0.67	GIGA	Giga Metals Corp	Pair Corr
0.74	ENB-PFC	Enbridge Pref 11	Pair Corr
0.88	HLF	High Liner Foods	Pair Corr
0.82	ATX	ATEX Resources	Pair Corr
0.79	DE	Decisive Dividend Corp	Pair Corr
0.63	DR	Medical Facilities	Pair Corr
0.85	OBE	Obsidian Energy	Pair Corr
0.79	PML	Panoro Minerals	Pair Corr
0.69	PGDC	Patagonia Gold Corp	Pair Corr
0.79	NSE	New Stratus Energy	Pair Corr
0.66	MFC-PP	Manulife Financial Corp	Pair Corr
0.86	TF	Timbercreek Financial	Pair Corr
0.69	MCDS	McDonalds Corp CDR	Pair Corr
0.82	GUG	Gungnir Resources	Pair Corr
0.72	FTEC	Fintech Select	Pair Corr

Moving against Merck Stock

0.47	VRY	Petro Victory Energy	Pair Corr
0.32	HWO	High Arctic Energy	Pair Corr

Related Correlations Analysis

	MRK	MRK	AMGN
MRK		1.0	0.76	MRK
MRK	1.0		0.76	MRK
AMGN	0.76	0.76		AMGN
	MRK	MRK	AMGN

Risk-Adjusted Indicators

There is a big difference between Merck Stock performing well and Merck 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 Merck 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
MRK	1.26	0.28	0.12	1.12	1.29	(1.39)	3.27	(2.43)	9.26
MRK	1.25	0.28	0.12	1.13	1.28	(1.35)	3.27	(2.43)	9.26
AMGN	1.37	0.27	0.04	(0.25)	1.65	(1.51)	3.17	(3.36)	11.36

Be your own money manager

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

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

David Williams	Executive Officer	Profile
Dalton III	Principal Finance	Profile
Sanat Chattopadhyay	Executive Division	Profile
Richard DeLuca	Executive Health	Profile
Jennifer JD	Executive Counsel	Profile
Betty Larson	Executive Officer	Profile

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