Microsoft CDR Correlations

Stocks . Canada . 
Stock . Microsoft CDR
MSFT Stock   34.47  0.17  0.50%   
The current 90-days correlation between Microsoft CDR and Bausch Health Companies is -0.24 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft CDR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft CDR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Microsoft CDR Correlation With Market

Weak diversification

The correlation between Microsoft CDR and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microsoft CDR and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Microsoft 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 Microsoft 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 Microsoft 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 Microsoft CDR to buy it.

Moving together with Microsoft Stock

  0.68ORAC Oracle CDR Earnings Call TomorrowPairCorr
  0.66PLTR Palantir CDR SplitPairCorr
  0.64ADBE Adobe Inc Earnings Call This WeekPairCorr
  0.83PANW PALO ALTO NETWORKSPairCorr

Moving against Microsoft Stock

  0.62MUSH Good ShroomPairCorr
  0.61BRK Berkshire Hathaway CDRPairCorr
  0.41FFH-PK Fairfax FinancialPairCorr
  0.35FFH-PI Fairfax FinancialPairCorr
  0.74SU Suncor EnergyPairCorr
  0.67TJX TJX Companies,PairCorr
  0.63ATZ AritziaPairCorr
  0.61ATH Athabasca Oil CorpPairCorr
  0.58DPM Dundee Precious MetalsPairCorr
  0.55XMF-A M Split CorpPairCorr
  0.54NWH-UN NorthWest HealthcarePairCorr
  0.54SLS Solaris ResourcesPairCorr
  0.39MFG Mayfair Gold CorpPairCorr
  0.72ZZE-H Zidane Capital CorpPairCorr
  0.71QBR-B QuebecorPairCorr
  0.44CGG China Gold InternationalPairCorr
  0.41LCS Brompton Lifeco SplitPairCorr
  0.39AQN Algonquin Power UtilitiesPairCorr
  0.38DFN Dividend 15 SplitPairCorr

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

WRN
+ 0.73
MKO
NIM
+ 0.67
NEXG
NEXG
+ 0.64
MKO
NIM
+ 0.48
MKO
WRN
+ 0.38
DHT-U
WRN
+ 0.37
NEXG
  

High negative correlations

NIM
- 0.52
DHT-U
WRN
- 0.48
BHC
MKO
- 0.46
BHC
NEXG
- 0.21
DHT-U
DHT-U
- 0.15
MKO
NEXG
- 0.15
BHC

Risk-Adjusted Indicators

There is a big difference between Microsoft Stock performing well and Microsoft 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 Microsoft 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 Microsoft 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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Microsoft CDR Corporate Management

Elected by the shareholders, the Microsoft CDR's board of directors comprises two types of representatives: Microsoft CDR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Microsoft. The board's role is to monitor Microsoft CDR's management team and ensure that shareholders' interests are well served. Microsoft 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, Microsoft CDR's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yusuf MehdiExecutive OfficerProfile
Hossein NowbarChief OfficerProfile
Brett IversenVice RelationsProfile
Amy ColemanExecutive OfficerProfile
Christopher YoungExecutive OfficerProfile
Takeshi NumotoExecutive OfficerProfile
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