Oracle Correlations

Stocks . Brazil . 
Stock . Oracle
ORCL34 Stock  BRL 167.70  2.32  1.36%   
The current 90-days correlation between Oracle and HCA Healthcare is -0.21 (i.e., Very good 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

Average diversification

The correlation between Oracle and DJI is 0.17 (i.e., Average 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

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  0.79ITSA3F ITSA3FPairCorr
  0.78BCSA34 Banco Santander SAPairCorr
  0.77ARMT34 ArcelorMittal SAPairCorr
  0.66P1FG34 Principal FinancialPairCorr
  0.64C1OO34 Cooper CompaniesPairCorr
  0.6H1II34 Huntington IngallsPairCorr
  0.55SBUB34 StarbucksPairCorr
  0.54TF623 TF623PairCorr
  0.44MBRF11 Fundo De InvestimentoPairCorr
  0.41I1CE34 Intercontinental ExchangePairCorr
  0.94ALOS3 Allos SAPairCorr
  0.93NEOE3 Neoenergia SAPairCorr
  0.91SANB3 Banco Santander SAPairCorr
  0.91KEPL3 Kepler Weber SAPairCorr
  0.86RENT3 Localiza Rent aPairCorr
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  0.83V1TA34 VentasPairCorr
  0.82F1BH34 Fortune Brands InnovPairCorr
  0.8VLID3 Valid Solues SAPairCorr
  0.8I1DX34 IDEXX LaboratoriesPairCorr
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  0.68J1EG34 Jacobs SolutionsPairCorr
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  0.65A1MT34 Applied MaterialsPairCorr
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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

P1EA34
+ 0.71
STMN34
UNHH34
+ 0.64
STMN34
B1RF34
+ 0.63
UNHH34
C2ZR34
+ 0.51
STMN34
THGI34
+ 0.36
H1CA34
P1EA34
+ 0.35
C2ZR34
  

High negative correlations

H1CA34
- 0.83
STMN34
P1EA34
- 0.81
THGI34
P1EA34
- 0.6
H1CA34
UNHH34
- 0.56
H1CA34
C2ZR34
- 0.53
H1CA34
THGI34
- 0.47
STMN34

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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