Oracle Correlations

Stocks . Brazil . 
Stock . Oracle
ORCL34 Stock  BRL 139.00  4.10  3.04%   
The current 90-days correlation between Oracle and Clover Health Investments is 0.06 (i.e., Significant diversification). The correlation of Oracle 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.

Oracle Correlation With Market

Excellent diversification

The correlation between Oracle and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oracle and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Oracle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oracle 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 Oracle - 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 Oracle to buy it.

Moving together with Oracle Stock

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Moving against Oracle Stock

  0.88PDTC3 Padtec Holding SAPairCorr
  0.88ABCB4 Banco ABC BrasilPairCorr
  0.83B1SA34 Banco Santander ChilePairCorr
  0.81BRKM5 Braskem SAPairCorr
  0.81B3SA3 B3 SAPairCorr
  0.81LOGG3 LOG Commercial Properties Earnings Call TodayPairCorr
  0.79A1DM34 Archer Daniels MidlandPairCorr
  0.78S1MF34 Sumitomo Mitsui FinancialPairCorr
  0.78G1FI34 Gold Fields LimitedPairCorr
  0.77M1UF34 Mitsubishi UFJ FinancialPairCorr
  0.75RCSL4 Recrusul SAPairCorr
  0.73PETR4 Petrleo BrasileiroPairCorr
  0.72BBDC4 Banco Bradesco SAPairCorr
  0.71TMCO34 Toyota MotorPairCorr
  0.65TSMC34 Taiwan SemiconductorPairCorr
  0.65NMRH34 Nomura HoldingsPairCorr
  0.62M1CH34 Microchip TechnologyPairCorr
  0.6VRTX34 Vertex PharmaceuticalsPairCorr
  0.6MOSC34 MosaicPairCorr
  0.6SIMH3 SIMPAR SAPairCorr
  0.44Q1UA34 Quanta ServicesPairCorr
  0.42CAMB3 Cambuci SAPairCorr
  0.32R1YA34 Ryanair Holdings plcPairCorr
  0.32EZTC3 EZTEC Empreendimentos SplitPairCorr
  0.31B1PP34 BP plcPairCorr
  0.89CTKA4 Karsten SAPairCorr
  0.88BROF11 Brpr Corporate OfficesPairCorr
  0.84CBAV3 Cia Brasileira dePairCorr
  0.82W1DC34 Western DigitalPairCorr
  0.82AURA33 Aura MineralsPairCorr
  0.81WEGE3 WEG SAPairCorr
  0.79BPAC3 Banco BTG PactualPairCorr
  0.77MTRE3 Mitre Realty EmpreenPairCorr
  0.77PRNR3 Priner Servios IndusPairCorr
  0.76ENJU3 Enjoei 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

CLOV34
+ 0.73
C2RS34
H1RL34
+ 0.67
Z1OM34
LBRD34
+ 0.45
Z1OM34
H1RL34
+ 0.4
C1AH34
H1RL34
+ 0.38
E1LV34
H1RL34
+ 0.33
LBRD34
  

High negative correlations

CLOV34
- 0.67
C1AH34
C1AH34
- 0.48
C2RS34
E1LV34
- 0.26
LBRD34
CLOV34
- 0.15
H1RL34
C1AH34
- 0.09
LBRD34
CLOV34
- 0.02
E1LV34

Risk-Adjusted Indicators

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

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