Microsoft Correlations

Stocks . Chile . 
Stock . Microsoft
MSFT Stock  USD 404.88  2.92  0.73%   
The current 90-days correlation between Microsoft and Aguas Andinas SA is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Microsoft Correlation With Market

Excellent diversification

The correlation between Microsoft and DJI is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microsoft and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.

Moving together with Microsoft Stock

  0.63HABITAT AFP HabitatPairCorr

Moving against Microsoft Stock

  0.91VENTANAS Puerto VentanaPairCorr
  0.82BSANTANDER Banco Santander ChilePairCorr
  0.74NITRATOS Nitratos de ChilePairCorr
  0.68ENAEX Enaex SA Earnings Call This WeekPairCorr
  0.66ILC Inv La ConstruPairCorr
  0.65MOLLER Moller Y PerezPairCorr
  0.63PAZ Paz CorpPairCorr
  0.57IAM Inversiones AguasPairCorr
  0.56LTM LATAM Airlines GroupPairCorr
  0.49ANDINAA Embotelladora AndinaPairCorr
  0.37COPEC Empresas Copec SAPairCorr
  0.37ANTARCHILE Antar ChilePairCorr
  0.33CEMARGOSCL Cementos Argos SAPairCorr
  0.91GOOGL Alphabet Cl APairCorr
  0.84MULTIX Multiexport FoodsPairCorr
  0.79SALFACORP SalfacorpPairCorr
  0.78BLUMAR BlumarPairCorr
  0.71INGEVEC IngevecPairCorr
  0.71FORUS Forus SAPairCorr
  0.7BESALCO Besalco SaPairCorr
  0.58FALABELLA FalabellaPairCorr
  0.52ANDINA-A Embotelladora AndinaPairCorr
  0.44AGUAS-A Aguas Andinas SAPairCorr

Related Correlations Analysis


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

PARAUCO
+ 0.67
AGUAS-A
ENELGXCH
+ 0.56
AGUAS-A
ENELGXCH
+ 0.51
PARAUCO
ENTEL
+ 0.35
AGUAS-A
ENTEL
+ 0.2
ENELGXCH
SMSAAM
+ 0.01
ENELGXCH
  

High negative correlations

SMSAAM
- 0.32
PARAUCO
SMSAAM
- 0.21
AGUAS-A
ENTEL
- 0.17
SMSAAM
ENTEL
- 0.09
PARAUCO
CALICHERAB
- 0.0
ENTEL
CALICHERAB
- 0.0
CALICHERAA

Risk-Adjusted Indicators

There is a big difference between Microsoft Stock performing well and Microsoft 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 Microsoft'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 Microsoft 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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Microsoft Corporate Management

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