Tesla CDR Correlations
| TSLA Stock | 35.39 0.51 1.42% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tesla CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tesla CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tesla CDR Correlation With Market
Very good diversification
The correlation between Tesla CDR and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tesla CDR and DJI in the same portfolio, assuming nothing else is changed.
Tesla |
The ability to find closely correlated positions to Tesla 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 Tesla 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 Tesla 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 Tesla CDR to buy it.
Moving together with Tesla Stock
Moving against Tesla Stock
| 0.74 | WMT | Walmart Inc CDR | PairCorr |
| 0.4 | NFI | NFI Group | PairCorr |
| 0.55 | DR | Medical Facilities | PairCorr |
| 0.52 | GUG | Gungnir Resources | PairCorr |
| 0.52 | PESO | Pesorama | PairCorr |
| 0.51 | RTG | RTG Mining | PairCorr |
| 0.41 | ISO | IsoEnergy | PairCorr |
| 0.41 | GQ | Great Quest Fertilizer Split | PairCorr |
| 0.37 | BN-PC | Brookfield | PairCorr |
| 0.36 | SLF-PJ | Sun Life Financial | PairCorr |
| 0.75 | OBE | Obsidian Energy | PairCorr |
| 0.75 | TOT | Total Energy Services | PairCorr |
| 0.69 | CJT | Cargojet | PairCorr |
| 0.67 | BPF-UN | Boston Pizza Royalties | PairCorr |
| 0.63 | LNR | Linamar Earnings Call This Week | PairCorr |
| 0.63 | LORL | Loral Space Communic | 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
|
Risk-Adjusted Indicators
There is a big difference between Tesla Stock performing well and Tesla 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 Tesla 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DBM | 1.15 | 0.16 | 0.10 | 0.24 | 1.31 | 3.35 | 8.80 | |||
| AVGO | 1.91 | (0.32) | 0.00 | (0.87) | 0.00 | 3.06 | 14.08 | |||
| MFI | 0.97 | 0.22 | 0.14 | (4.76) | 0.77 | 2.49 | 6.01 | |||
| BAMI | 2.37 | (0.37) | 0.00 | (0.28) | 0.00 | 4.82 | 28.69 | |||
| HD | 1.12 | 0.15 | 0.08 | 0.38 | 1.14 | 2.34 | 7.70 | |||
| RGSI | 1.36 | 0.00 | (0.03) | 0.09 | 1.73 | 2.67 | 12.93 | |||
| AMAT | 2.38 | 0.64 | 0.24 | 0.57 | 2.35 | 5.95 | 13.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tesla 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 Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
| All Next | Launch Module |
Tesla CDR Corporate Management
Elected by the shareholders, the Tesla CDR's board of directors comprises two types of representatives: Tesla CDR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tesla. The board's role is to monitor Tesla CDR's management team and ensure that shareholders' interests are well served. Tesla 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, Tesla CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Walker | Vice America | Profile | |
| Brian Scelfo | Senior Development | Profile | |
| Lars Moravy | Vice Engineering | Profile | |
| Ashok Elluswamy | Executive Officer | Profile | |
| Vaibhav Taneja | Chief Officer | Profile | |
| Franz Holzhausen | Chief Designer | Profile | |
| Turner Caldwell | Engineering Manager | Profile |