Microsoft Correlations

Stocks . Germany . 
Stock . Microsoft
MSF Stock  EUR 317.40  3.40  1.08%   
The current 90-days correlation between Microsoft and Yanzhou Coal Mining is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Microsoft Correlation With Market

Good diversification

The correlation between Microsoft and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microsoft and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.

Moving together with Microsoft Stock

  0.79APC Apple Inc Earnings Call This WeekPairCorr
  0.79APC Apple Inc Earnings Call This WeekPairCorr
  0.79APC Apple Inc Earnings Call This WeekPairCorr
  0.79APC Apple Inc Earnings Call This WeekPairCorr
  1.0MSF Microsoft Earnings Call TodayPairCorr
  1.0MSF Microsoft Earnings Call TodayPairCorr
  1.0MSF Microsoft Earnings Call TodayPairCorr
  1.0MSF Microsoft Earnings Call TodayPairCorr
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  0.92WDC WESTERN DIGITAL Earnings Call TodayPairCorr
  0.92WDC WESTERN DIGITAL Earnings Call TodayPairCorr
  0.92WDC WESTERN DIGITAL Earnings Call This WeekPairCorr
  0.93WDC WESTERN DIGITAL Earnings Call This WeekPairCorr
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  0.93CYL CryoLifePairCorr
  0.93CYL CRYOLIFEPairCorr

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   
G7W
+ 0.56
2LH
YZC
+ 0.5
G7W
YZC
+ 0.4
XYD
YZC
+ 0.4
2LH
G7W
+ 0.09
XYD
2LH
+ 0.06
XYD
  
High negative correlations   
YZC
- 0.6
M1W
2LH
- 0.54
M1W
G7W
- 0.35
M1W
M1W
- 0.2
XYD

Risk-Adjusted Indicators

There is a big difference between Microsoft Stock performing well and Microsoft 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 Microsoft'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 Microsoft 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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