Microsoft Correlations

Stocks . Brazil . 
Stock . Microsoft
MSFT34 Stock  BRL 107.80  0.94  0.86%   
The current 90-days correlation between Microsoft and Verizon Communications is -0.18 (i.e., Good diversification). The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Microsoft Correlation With Market

Average diversification

The correlation between Microsoft 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 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

  0.78ORCL34 OraclePairCorr
  0.68BABA34 Alibaba Group HoldingPairCorr
  0.72D1EL34 Dell TechnologiesPairCorr

Moving against Microsoft Stock

  0.82RENT3 Localiza Rent aPairCorr
  0.81ABCB4 Banco ABC BrasilPairCorr
  0.76ITSA4 Itasa InvestimentosPairCorr
  0.74ITUB4 Ita Unibanco HoldingPairCorr
  0.72GOGL35 AlphabetPairCorr
  0.72GOGL34 AlphabetPairCorr
  0.7ENEV3 Eneva SAPairCorr
  0.68BRSR6 Banco do EstadoPairCorr
  0.65MACY34 Macys IncPairCorr
  0.61BBDC3 Banco Bradesco SAPairCorr
  0.58B1SA34 Banco Santander ChilePairCorr
  0.56A1LL34 Bread Financial HoldingsPairCorr
  0.55H1SB34 HSBC Holdings plcPairCorr
  0.51BERK34 Berkshire HathawayPairCorr
  0.48AAPL34 Apple IncPairCorr
  0.45GILD34 Gilead SciencesPairCorr
  0.39BOAC34 Bank of AmericaPairCorr
  0.36MTSA4 METISA MetalrgicaPairCorr
  0.8B1TI34 British American TobaccoPairCorr
  0.8FIQE3 Unifique TelecomunicaesPairCorr
  0.75SANB4 Banco Santander SAPairCorr
  0.73TAEE11F TAEE11FPairCorr
  0.72MLAS3 Multilaser IndustrialPairCorr
  0.7RPAD3 Alfa Holdings SAPairCorr
  0.7N2LY34 Annaly Capital ManagPairCorr
  0.69GGBR3 Gerdau SAPairCorr
  0.61BNBR3F BNBR3FPairCorr
  0.58L1YG34 Lloyds Banking GroupPairCorr
  0.57CTSH34 Cognizant TechnologyPairCorr

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

G2DI33
+ 0.61
S1PO34
T1TW34
+ 0.46
E1DU34
S1PO34
+ 0.45
VERZ34
T1TW34
+ 0.45
S1PO34
EAIN34
+ 0.37
E1DU34
G2DI33
+ 0.34
VERZ34
  

High negative correlations

G2DI33
- 0.71
EAIN34
VERZ34
- 0.67
EAIN34
S1PO34
- 0.58
EAIN34
VERZ34
- 0.55
E1DU34
T1TW34
- 0.44
CTSH34
S1PO34
- 0.39
CTSH34

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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Microsoft Corporate Management

Elected by the shareholders, the Microsoft's board of directors comprises two types of representatives: Microsoft 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's management team and ensure that shareholders' interests are well served. Microsoft'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's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bradford LCAPres ChairmanProfile
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Brett IversenGen RelationsProfile
Christopher YoungStrategy DevelProfile
Alice JollaCo OfficerProfile
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