Strategy Correlations
| MSTR Stock | MXN 2,153 84.50 3.78% |
The correlation of Strategy 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Strategy Correlation With Market
Pay attention - limited upside
The correlation between Strategy and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategy and DJI in the same portfolio, assuming nothing else is changed.
Strategy |
The ability to find closely correlated positions to Strategy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Strategy 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 Strategy - 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 Strategy to buy it.
Moving together with Strategy Stock
| 0.89 | MSFT | Microsoft | PairCorr |
| 0.7 | AMZN | Amazon Inc | PairCorr |
| 0.66 | BRKB | Berkshire Hathaway Earnings Call This Week | PairCorr |
Moving against Strategy Stock
| 0.9 | LUV | Southwest Airlines | PairCorr |
| 0.87 | AC | Arca Continental SAB | PairCorr |
| 0.82 | STLD | Steel Dynamics | PairCorr |
| 0.79 | GMEXICOB | Grupo Mxico SAB | PairCorr |
| 0.78 | MU | Micron Technology | PairCorr |
| 0.74 | FIBRAPL14 | FIBRA Prologis Split | PairCorr |
| 0.72 | BIMBOA | Grupo Bimbo SAB Earnings Call This Week | PairCorr |
| 0.71 | TSMN | Taiwan Semiconductor | PairCorr |
| 0.69 | WMT | Walmart | PairCorr |
| 0.69 | AMAT | Applied Materials | PairCorr |
| 0.66 | INGN | ING Groep NV | PairCorr |
| 0.62 | VZ | Verizon Communications | PairCorr |
| 0.61 | MNST | Monster Beverage Corp Earnings Call This Week | PairCorr |
| 0.6 | PBRN | Petrleo Brasileiro | PairCorr |
| 0.6 | CMOCTEZ | Corporacin Moctezuma SAB | PairCorr |
| 0.53 | BNS | Bank of Nova Scotia Earnings Call Today | PairCorr |
| 0.48 | GIGANTE | Grupo Gigante S | PairCorr |
| 0.45 | LYGN | Lloyds Banking Group | PairCorr |
| 0.44 | KO | Coca Cola | PairCorr |
| 0.34 | TMN | Toyota Motor | PairCorr |
| 0.9 | FIBRAMQ12 | FIBRA Macquarie Mxico | PairCorr |
| 0.89 | PINFRA | Promotora y Operadora Earnings Call Today | PairCorr |
| 0.86 | KOFUBL | Coca Cola FEMSA | PairCorr |
| 0.85 | HON | Honeywell International Earnings Call This Week | PairCorr |
| 0.85 | TXN | Texas Instruments | PairCorr |
| 0.83 | JNJ | Johnson Johnson | PairCorr |
| 0.81 | UPS | United Parcel Service | PairCorr |
| 0.8 | KIMBERA | Kimberly Clark de | PairCorr |
| 0.77 | SMSNN | Samsung Electronics | PairCorr |
| 0.77 | VINTE | Vinte Viviendas Inte | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Strategy Stock performing well and Strategy 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 Strategy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCCO | 1.29 | 0.62 | 0.00 | 2.36 | 0.00 | 2.98 | 30.50 | |||
| FRC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LUV | 1.73 | 0.63 | 0.21 | 1.26 | 1.01 | 5.91 | 19.77 | |||
| DBN | 0.77 | (0.18) | 0.00 | (4.75) | 0.00 | 1.77 | 10.73 | |||
| PLTR | 2.34 | (0.50) | 0.00 | (0.39) | 0.00 | 4.38 | 17.37 | |||
| VZ | 1.13 | 0.20 | 0.11 | (2.45) | 0.96 | 2.26 | 14.49 | |||
| DXC | 0.23 | (0.15) | 0.00 | (0.37) | 0.00 | 0.00 | 0.00 | |||
| CVS | 1.13 | (0.12) | 0.00 | (0.46) | 0.00 | 2.95 | 17.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Strategy 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?
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Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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