Macquarie Group Correlations

4M4 Stock

EUR 140.64 1.20 0.85%

The current 90-days correlation between Macquarie Group and The Trade Desk is 0.19 (i.e., Average diversification). The correlation of Macquarie Group 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.

Macquarie Group Correlation With Market

Very weak diversification

The correlation between Macquarie Group Limited and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macquarie Group Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Macquarie Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macquarie Group 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 Macquarie Group - 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 Macquarie Group Limited to buy it.

Moving together with Macquarie Stock

0.65	MHL	SP Global	Pair Corr
0.66	KR51	KKR Co LP	Pair Corr
0.7	APC	Apple Inc	Pair Corr

Moving against Macquarie Stock

0.57	DBPD	Xtrackers ShortDAX	Pair Corr
0.5	TKDA	Takeda Pharmaceutical	Pair Corr
0.41	OIX	ORIX	Pair Corr
0.4	OIXA	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	TT8	7QG	FOO0	GG7	VEFW	O3I	PCHP
TT8		0.76	0.92	-0.06	0.95	0.87	-0.67	TT8
7QG	0.76		0.77	0.25	0.74	0.82	-0.78	7QG
FOO0	0.92	0.77		-0.04	0.96	0.78	-0.64	FOO0
GG7	-0.06	0.25	-0.04		-0.06	0.23	-0.46	GG7
VEFW	0.95	0.74	0.96	-0.06		0.81	-0.65	VEFW
O3I	0.87	0.82	0.78	0.23	0.81		-0.83	O3I
PCHP	-0.67	-0.78	-0.64	-0.46	-0.65	-0.83		PCHP
	TT8	7QG	FOO0	GG7	VEFW	O3I	PCHP

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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

VEFW	+ 0.96	FOO0
VEFW	+ 0.95	TT8
FOO0	+ 0.92	TT8
O3I	+ 0.87	TT8
O3I	+ 0.82	7QG
O3I	+ 0.81	VEFW

High negative correlations

PCHP	- 0.83	O3I
PCHP	- 0.78	7QG
PCHP	- 0.67	TT8
PCHP	- 0.65	VEFW
PCHP	- 0.64	FOO0
PCHP	- 0.46	GG7

Risk-Adjusted Indicators

There is a big difference between Macquarie Stock performing well and Macquarie Group 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 Macquarie Group'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TT8	1.68	0.31	0.09	0.48	2.57	(1.74)	5.33	(2.18)	18.48
7QG	1.73	0.10	0.01	0.49	1.92	(2.35)	4.96	(4.05)	11.58
FOO0	1.54	0.39	0.15	61.62	1.28	(2.15)	4.02	(2.21)	14.31
GG7	1.63	0.14	0.01	2.45	1.97	(1.94)	3.17	(3.93)	11.91
VEFW	0.67	0.20	0.14	0.99	0.41	(0.79)	1.48	(1.01)	5.17
O3I	1.03	0.26	0.14	1.10	0.83	(1.20)	2.65	(1.29)	6.73
PCHP	3.15	(0.28)	0.00	0.86	0.00	0.00	7.86	(6.03)	26.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Macquarie Group 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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Macquarie Group Corporate Management

Elected by the shareholders, the Macquarie Group's board of directors comprises two types of representatives: Macquarie Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Macquarie. The board's role is to monitor Macquarie Group's management team and ensure that shareholders' interests are well served. Macquarie Group'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, Macquarie Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Benjamin Way	Group Management	Profile
Nicholas OKane	Head Markets	Profile
G Bruce	Exec Counsel	Profile
Nicole Sorbara	Global Director	Profile
Florian Herold	Head Capital	Profile
BEc FCA	Head MD	Profile
BCom BCom	MD CEO	Profile

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