Scottish Mortgage Correlations

1IZ1 Stock  EUR 12.21  0.11  0.91%   
The current 90-days correlation between Scottish Mortgage and CeoTronics AG is 0.05 (i.e., Significant diversification). The correlation of Scottish Mortgage 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.

Scottish Mortgage Correlation With Market

Good diversification

The correlation between Scottish Mortgage Investment and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scottish Mortgage Investment and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Scottish Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Scottish Mortgage 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 Scottish Mortgage - 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 Scottish Mortgage Investment to buy it.

Moving together with Scottish Stock

  0.7APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.7APC Apple IncPairCorr
  0.68APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.69APC Apple IncPairCorr
  0.62MSF MicrosoftPairCorr
  0.61MSF MicrosoftPairCorr
  0.81CVU United BreweriesPairCorr
  0.71E908 Lyxor 1PairCorr
  0.66DBPE Xtrackers LevDAXPairCorr

Moving against Scottish Stock

  0.86BYRA BANK RAKYAT INDPairCorr
  0.73SSUN Samsung ElectronicsPairCorr
  0.72DBPD Xtrackers ShortDAXPairCorr
  0.71PQ9 BANK MANDIRIPairCorr
  0.64BYRA BANK RAKYAT INDPairCorr
  0.58BYRA PT Bank RakyatPairCorr
  0.56PQ9 PT Bank MandiriPairCorr
  0.54SSU Samsung ElectronicsPairCorr
  0.47SSU Samsung ElectronicsPairCorr
  0.42SSUN Samsung ElectronicsPairCorr
  0.36BYRA PT Bank RakyatPairCorr

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   
CE1TEO
TEOHLG
TEOCEK
CE1CEK
CE1HLG
HLGCEK
  
High negative correlations   
CUEHCE1
CUEHTEO
CUEHCEK
CUEHKMBA
CUEHHLG
CUEH8G7

Risk-Adjusted Indicators

There is a big difference between Scottish Stock performing well and Scottish Mortgage 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 Scottish Mortgage'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 Scottish Mortgage 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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Scottish Mortgage Corporate Management

Elected by the shareholders, the Scottish Mortgage's board of directors comprises two types of representatives: Scottish Mortgage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Scottish. The board's role is to monitor Scottish Mortgage's management team and ensure that shareholders' interests are well served. Scottish Mortgage'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, Scottish Mortgage's outside directors are responsible for providing unbiased perspectives on the board's policies.
James AndersonJoint MangProfile
CFA CFAJoint MangProfile
Patrick MaxwellNon-Executive Independent DirectorProfile
Justin DowleyNon-Executive Independent DirectorProfile
Fiona McBainNon-Executive Independent Chairman of the BoardProfile
Paola SubacchiNon-Executive Independent DirectorProfile
Amar BhideNon-Executive Independent DirectorProfile