Microsoft CDR Correlations
| MSFT Stock | 30.84 3.48 10.14% |
The current 90-days correlation between Microsoft CDR and Element Fleet Management is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Microsoft CDR Correlation With Market
Very good diversification
The correlation between Microsoft CDR and DJI is -0.5 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microsoft CDR and DJI in the same portfolio, assuming nothing else is changed.
Microsoft |
The ability to find closely correlated positions to Microsoft 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 Microsoft 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 Microsoft 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 Microsoft CDR to buy it.
Moving together with Microsoft Stock
| 0.87 | ORAC | Oracle CDR Split | PairCorr |
| 0.62 | PLTR | Palantir CDR Earnings Call This Week | PairCorr |
| 0.86 | PANW | PALO ALTO NETWORKS | PairCorr |
| 0.85 | CRWD | CrowdStrike Holdings | PairCorr |
| 0.72 | BTQ | BTQ Technologies Corp | PairCorr |
| 0.72 | NBVA | Nubeva Technologies | PairCorr |
Moving against Microsoft Stock
| 0.78 | WMT | Walmart Inc CDR | PairCorr |
| 0.53 | VENZ | Venzee Technologies | PairCorr |
| 0.82 | GOOG | Alphabet CDR | PairCorr |
| 0.79 | PRU | Perseus Mining | PairCorr |
| 0.75 | AGI | Alamos Gold | PairCorr |
| 0.73 | DGS | Dividend Growth Split | PairCorr |
| 0.73 | ASCU | Arizona Sonoran Copper | PairCorr |
| 0.69 | MX | Methanex | PairCorr |
| 0.66 | LA | Los Andes Copper | PairCorr |
| 0.64 | PMZ-UN | Primaris Retail RE | PairCorr |
| 0.64 | USA | Americas Silver Corp | PairCorr |
| 0.63 | MDI | Major Drilling Group | PairCorr |
| 0.63 | CS | Capstone Mining Corp | PairCorr |
| 0.61 | INO-UN | Inovalis Real Estate | PairCorr |
| 0.59 | UNI | Unisync Corp | PairCorr |
| 0.46 | ELEF | Silver Elephant Mining | PairCorr |
| 0.43 | NA-PG | National Bank | PairCorr |
Related Correlations Analysis
| 0.81 | 0.44 | 0.81 | -0.63 | WAST | ||
| 0.81 | 0.7 | 0.88 | -0.61 | AI | ||
| 0.44 | 0.7 | 0.48 | -0.32 | FOOD | ||
| 0.81 | 0.88 | 0.48 | -0.8 | DIV | ||
| -0.63 | -0.61 | -0.32 | -0.8 | EFN | ||
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Microsoft Stock performing well and Microsoft 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 Microsoft 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAST | 1.11 | 0.04 | 0.00 | 0.20 | 1.64 | 1.87 | 5.09 | |||
| AI | 0.39 | 0.04 | 0.00 | 0.36 | 0.45 | 0.99 | 2.37 | |||
| FOOD | 3.01 | (0.12) | 0.00 | (0.06) | 0.00 | 8.70 | 26.67 | |||
| DIV | 0.71 | 0.17 | 0.13 | 0.50 | 0.81 | 1.47 | 8.51 | |||
| EFN | 1.00 | (0.16) | 0.00 | (3.62) | 0.00 | 1.80 | 8.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Microsoft 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.Did you try this?
Run AI Portfolio Prophet Now
AI Portfolio ProphetUse AI to generate optimal portfolios and find profitable investment opportunities |
| All Next | Launch Module |
Microsoft CDR Corporate Management
Elected by the shareholders, the Microsoft CDR's board of directors comprises two types of representatives: Microsoft CDR 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 CDR's management team and ensure that shareholders' interests are well served. Microsoft 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, Microsoft CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yusuf Mehdi | Executive Officer | Profile | |
| Hossein Nowbar | Chief Officer | Profile | |
| Brett Iversen | Vice Relations | Profile | |
| Amy Coleman | Executive Officer | Profile | |
| Christopher Young | Executive Officer | Profile | |
| Takeshi Numoto | Executive Officer | Profile |