Meta CDR Correlations

Stocks . Canada . 
Stock . Meta CDR
META Stock   40.45  0.26  0.65%   
The current 90-days correlation between Meta CDR and A W FOOD is 0.21 (i.e., Modest 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

Good diversification

The correlation between Meta CDR and DJI is -0.12 (i.e., Good 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.
  
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

  0.78GOOG Alphabet CDRPairCorr
  0.93META Meta Platforms CDRPairCorr
  0.71GOOG Alphabet CDRPairCorr
  0.84TC Tucows IncPairCorr
  0.88ZOMD Zoomd TechnologiesPairCorr
  0.91AMZN Amazon CDRPairCorr
  0.91AMZN Amazon CDRPairCorr
  0.62SBUX Starbucks CDRPairCorr
  0.77TWC TWC EnterprisesPairCorr
  0.79SDE Spartan Delta CorpPairCorr
  0.93BB BlackBerryPairCorr
  0.85CGI Canadian General InvPairCorr
  0.85BA BOEING CDRPairCorr
  0.62CAF Canaf InvestmentsPairCorr
  0.7WDO Wesdome Gold MinesPairCorr
  0.71SEA Seabridge GoldPairCorr
  0.87BEP-UN Brookfield RenewablePairCorr
  0.9DFN Dividend 15 SplitPairCorr
  0.81KNT K92 MiningPairCorr
  0.72VNP 5N PlusPairCorr
  0.81MKP MCAN MortgagePairCorr
  0.75NA-PE National BankPairCorr
  0.67ELL Everybody Loves LanguagesPairCorr
  0.77KES Kesselrun ResourcesPairCorr
  0.64VO ValOre Metals CorpPairCorr
  0.65MOGO Mogo IncPairCorr
  0.93PWF-PP Power Fi 440PairCorr

Moving against Meta Stock

  0.75BRK Berkshire Hathaway CDRPairCorr
  0.75BRK Berkshire Hathaway CDRPairCorr
  0.67UNH UnitedHealth Group CDRPairCorr
  0.57FORA VerticalScope HoldingsPairCorr

Related Correlations Analysis

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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   
RCI-A
+ 0.74
AW
VZ
+ 0.35
FOOD
BR
+ 0.3
AW
BR
+ 0.23
MTY
VZ
+ 0.16
MTY
RCI-A
+ 0.15
BR
  
High negative correlations   
FOOD
- 0.52
AW
FOOD
- 0.46
MTY
VZ
- 0.4
AW
FOOD
- 0.33
BR
VZ
- 0.28
RCI-A
RCI-A
- 0.26
MTY

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.

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.

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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 MonizChief OfficerProfile
Erin EganChief PolicyProfile
Andrew BosworthChief OfficerProfile
Christopher CoxChief OfficerProfile
Aaron AndersonChief OfficerProfile
Jennifer JDChief OfficerProfile
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