Meta CDR Correlations
| META Stock | 39.15 0.05 0.13% |
The current 90-days correlation between Meta CDR and HOME DEPOT CDR is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Meta CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meta CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Meta CDR Correlation With Market
Average diversification
The correlation between Meta CDR 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 Meta CDR and DJI in the same portfolio, assuming nothing else is changed.
Meta |
The ability to find closely correlated positions to Meta 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 Meta 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 Meta 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 Meta CDR to buy it.
Moving together with Meta Stock
| 0.77 | GOOG | Alphabet CDR | PairCorr |
| 1.0 | META | Meta Platforms CDR Earnings Call This Week | PairCorr |
| 0.77 | GOOG | Alphabet CDR | PairCorr |
| 0.85 | TC | Tucows Inc | PairCorr |
| 0.9 | ZOMD | Zoomd Technologies | PairCorr |
| 0.92 | NVDA | Nvidia CDR | PairCorr |
| 0.64 | GTC | Getty Copper | PairCorr |
| 0.91 | BCE-PH | Bce Inc Pref | PairCorr |
| 0.97 | PPL-PQ | Pembina Pipeline Corp | PairCorr |
| 0.81 | SCZ | Santacruz Silv | PairCorr |
| 0.79 | ADW-A | Andrew Peller Limited | PairCorr |
Moving against Meta Stock
Related Correlations Analysis
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | NUMI | ||
| 0.0 | 0.49 | 0.0 | 0.24 | -0.11 | 0.28 | NLH | ||
| 0.0 | 0.49 | 0.0 | 0.54 | 0.19 | 0.06 | PRU | ||
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JUMP | ||
| 0.0 | 0.24 | 0.54 | 0.0 | -0.07 | -0.08 | LIO | ||
| 0.0 | -0.11 | 0.19 | 0.0 | -0.07 | 0.18 | JET | ||
| 0.0 | 0.28 | 0.06 | 0.0 | -0.08 | 0.18 | HD | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Meta Stock performing well and Meta 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 Meta 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUMI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NLH | 2.34 | 0.27 | 0.01 | 1.13 | 3.05 | 8.00 | 36.67 | |||
| PRU | 1.84 | 0.11 | (0.05) | (2.02) | 2.13 | 4.41 | 12.02 | |||
| JUMP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LIO | 2.08 | (0.05) | 0.00 | 1.63 | 0.00 | 3.57 | 17.01 | |||
| JET | 2.43 | 0.06 | (0.04) | 0.97 | 2.99 | 4.94 | 17.05 | |||
| HD | 0.90 | 0.04 | (0.13) | 0.44 | 1.10 | 1.86 | 6.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Meta 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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Meta CDR Corporate Management
Elected by the shareholders, the Meta CDR's board of directors comprises two types of representatives: Meta CDR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Meta. The board's role is to monitor Meta CDR's management team and ensure that shareholders' interests are well served. Meta 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, Meta CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Henry Moniz | Chief Officer | Profile | |
| Erin Egan | Chief Policy | Profile | |
| Andrew Bosworth | Chief Officer | Profile | |
| Christopher Cox | Chief Officer | Profile | |
| Aaron Anderson | Chief Officer | Profile | |
| Jennifer JD | Chief Officer | Profile |