Walmart CDR Correlations
| WMT Stock | 49.82 0.66 1.31% |
The current 90-days correlation between Walmart CDR and Cogeco Communications is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Walmart CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Walmart CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Walmart CDR Correlation With Market
Very weak diversification
The correlation between Walmart CDR and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walmart CDR and DJI in the same portfolio, assuming nothing else is changed.
Walmart |
The ability to find closely correlated positions to Walmart 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 Walmart 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 Walmart 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 Walmart CDR to buy it.
Moving together with Walmart Stock
| 0.77 | BNP | BNP Paribas CDR | PairCorr |
| 0.68 | RY | Royal Bank | PairCorr |
| 0.66 | TD | Toronto Dominion Bank | PairCorr |
| 0.67 | BNK | Bankers Petroleum | PairCorr |
Moving against Walmart Stock
| 0.61 | NVDA | Nvidia CDR | PairCorr |
| 0.61 | NVDA | NVIDIA CDR | PairCorr |
| 0.61 | NFLX | Netflix Inc CDR | PairCorr |
| 0.55 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.55 | MSFT | Microsoft CDR Earnings Call This Week | PairCorr |
| 0.37 | AAPL | Apple Inc CDR | PairCorr |
| 0.37 | AAPL | Apple CDR Earnings Call This Week | 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
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Risk-Adjusted Indicators
There is a big difference between Walmart Stock performing well and Walmart 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 Walmart 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DCM | 2.22 | 0.48 | 0.15 | 1.79 | 2.03 | 5.49 | 12.40 | |||
| VZ | 0.89 | (0.04) | 0.00 | (9.72) | 0.00 | 1.93 | 5.48 | |||
| PRU | 1.87 | 0.36 | 0.10 | 2.78 | 2.43 | 4.01 | 9.69 | |||
| NIM | 2.62 | 0.09 | 0.00 | 2.13 | 3.50 | 4.90 | 28.32 | |||
| MKO | 1.84 | 0.33 | 0.08 | (2.36) | 2.40 | 3.63 | 10.23 | |||
| PPX | 2.67 | 0.25 | 0.01 | (0.17) | 2.84 | 7.41 | 20.94 | |||
| NICU | 3.11 | 0.25 | 0.03 | (1.85) | 3.75 | 7.04 | 15.26 | |||
| CCA | 1.01 | 0.13 | 0.03 | 0.92 | 1.53 | 3.12 | 8.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Walmart 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?
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Walmart CDR Corporate Management
Elected by the shareholders, the Walmart CDR's board of directors comprises two types of representatives: Walmart CDR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Walmart. The board's role is to monitor Walmart CDR's management team and ensure that shareholders' interests are well served. Walmart 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, Walmart CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Elisebeth Collins | Global VP | Profile | |
| Suresh Kumar | Global VP | Profile | |
| Rachel JD | Chief Governance | Profile | |
| Allyson Park | Senior Officer | Profile | |
| Stephanie Wissink | Senior Relations | Profile |