Oracle Correlations
| ORCL34 Stock | BRL 131.67 2.12 1.64% |
The current 90-days correlation between Oracle and Tyson Foods is -0.14 (i.e., 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
Excellent diversification
The correlation between Oracle and DJI is -0.63 (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.
Oracle |
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
Moving against Oracle Stock
| 0.91 | CXSE3 | Caixa Seguridade Par | PairCorr |
| 0.9 | ABUD34 | Anheuser Busch InBev | PairCorr |
| 0.89 | BBAS3 | Banco do Brasil | PairCorr |
| 0.88 | BRSR6 | Banco do Estado | PairCorr |
| 0.8 | TSNF34 | Tyson Foods | PairCorr |
| 0.79 | KLBN3 | Klabin SA Split | PairCorr |
| 0.78 | FIGS11 | Fundo de Investimento | PairCorr |
| 0.78 | HGBS11 | HEDGE Brasil Shopping | PairCorr |
| 0.77 | G1SK34 | GSK plc | PairCorr |
| 0.77 | RENT3 | Localiza Rent a | PairCorr |
| 0.77 | MUTC34 | Micron Technology | PairCorr |
| 0.76 | UNIP3 | Unipar Carbocloro Earnings Call This Week | PairCorr |
| 0.75 | PDGR3 | PDG Realty SA | PairCorr |
| 0.71 | E1CO34 | Ecopetrol SA | PairCorr |
| 0.63 | GOAU3 | Metalurgica Gerdau Split | PairCorr |
| 0.62 | CARE11 | Mxima Renda Corporativa | PairCorr |
| 0.62 | GGBR3F | GGBR3F | PairCorr |
| 0.55 | BLAU3 | Blau Farmacutica Split | PairCorr |
| 0.54 | Q1UE34 | Quest Diagnostics | PairCorr |
| 0.52 | GGBR4F | GGBR4F | PairCorr |
| 0.48 | HGLG11 | Cshg Logistica | PairCorr |
| 0.46 | DASA3 | Diagnsticos da Amrica | PairCorr |
| 0.39 | PFRM3 | Profarma Distribuidora | PairCorr |
| 0.92 | BAZA3 | Banco da Amaznia | PairCorr |
| 0.91 | ABCB4 | Banco ABC Brasil | PairCorr |
| 0.89 | ITSA4 | Itasa Investimentos Split | PairCorr |
| 0.88 | B3SA3 | B3 SA | PairCorr |
| 0.88 | TPIS3 | Triunfo Participaes | PairCorr |
| 0.88 | P1KX34 | POSCO Holdings | PairCorr |
| 0.88 | VALE3F | VALE3F | PairCorr |
| 0.88 | BBDC3 | Banco Bradesco SA | PairCorr |
| 0.88 | BRAP4 | Bradespar SA | PairCorr |
| 0.86 | IRBR3 | IRB Brasil Resseguros | PairCorr |
| 0.85 | ICON | INDICE SETORIAL DE | PairCorr |
Related Correlations Analysis
| 0.83 | 0.01 | -0.6 | 0.72 | 0.77 | FMSC34 | ||
| 0.83 | -0.03 | -0.67 | 0.73 | 0.8 | M2RV34 | ||
| 0.01 | -0.03 | 0.3 | -0.25 | -0.27 | H1RL34 | ||
| -0.6 | -0.67 | 0.3 | -0.64 | -0.85 | TSNF34 | ||
| 0.72 | 0.73 | -0.25 | -0.64 | 0.78 | C1HK34 | ||
| 0.77 | 0.8 | -0.27 | -0.85 | 0.78 | T1TW34 | ||
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 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMSC34 | 0.35 | (0.11) | 0.00 | 0.55 | 0.00 | 0.00 | 5.85 | |||
| M2RV34 | 2.07 | (0.12) | 0.00 | 4.04 | 0.00 | 5.11 | 13.29 | |||
| H1RL34 | 0.69 | 0.19 | 0.06 | 1.15 | 0.67 | 2.11 | 11.72 | |||
| TSNF34 | 0.58 | 0.15 | 0.10 | 4.66 | 0.22 | 0.61 | 15.09 | |||
| C1HK34 | 0.86 | (0.33) | 0.00 | (0.75) | 0.00 | 0.00 | 14.15 | |||
| T1TW34 | 1.83 | (0.20) | 0.00 | (0.76) | 0.00 | 3.33 | 10.94 |
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.Did you try this?
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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.
| Joyce Westerdahl | Ex HR | Profile | |
| Mark Sunday | VP Officer | Profile | |
| Douglas Kehring | Exec Operations | Profile | |
| Edward Screven | Exec Architect | Profile | |
| Ivgen Guner | Exec Fin | Profile |