Macys Correlations

Stocks . Germany . 
Stock . Macys Inc
FDO Stock  EUR 12.81  0.20  1.59%   
The current 90-days correlation between Macys Inc and CARSALESCOM is -0.19 (i.e., Good diversification). The correlation of Macys 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.

Macys Correlation With Market

Modest diversification

The correlation between Macys Inc and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macys Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Macys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macys 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 Macys - 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 Macys Inc to buy it.

Moving together with Macys Stock

  0.77HY7A SHOPRITE HDGS ADRPairCorr
  0.73HY7 Shoprite HoldingsPairCorr

Moving against Macys Stock

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  0.74ZS3 FinecoBank Banca FinecoPairCorr
  0.73FSE Télévision FrançaisePairCorr
  0.67CBGA CARLSBERG -A-PairCorr
  0.62358 BALLYS P DLPairCorr
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  0.6FLQ FLETCHER BUILDINGPairCorr
  0.57AQE Anhui Conch CementPairCorr
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  0.46KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.45B3W ATLANTIC PETROLEUMPairCorr
  0.44KK2 Sun AKaken LimitedPairCorr
  0.33MIU SUMITOMO MITSUI TPairCorr
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  0.76G24 Scout24 SE Earnings Call This WeekPairCorr
  0.74CMAB Mapfre SAPairCorr
  0.73PSAN PSI Software AGPairCorr
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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   
MKN2
+ 1.0
RYAA
1HH
+ 0.82
GRU
WN6
+ 0.8
TSFA
UOF
+ 0.67
TSFA
UOF
+ 0.51
WN6
RYAA
+ 0.0
GRU
  
High negative correlations   
1HH
- 0.66
TSFA
1HH
- 0.61
WN6
TSFA
- 0.59
GRU
WN6
- 0.46
GRU
1HH
- 0.39
UOF
UOF
- 0.36
GRU

Risk-Adjusted Indicators

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

Elected by the shareholders, the Macys' board of directors comprises two types of representatives: Macys inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Macys. The board's role is to monitor Macys' management team and ensure that shareholders' interests are well served. Macys' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Macys' outside directors are responsible for providing unbiased perspectives on the board's policies.
Adrian MitchellEx CFOProfile
Paul GriscomVP ControllerProfile
Elisa CChief VPProfile
William IIIVP AffairsProfile
Jeffrey GennetteChairman CEOProfile
Bradley MaysVP TaxProfile
Antony SpringEx VPProfile
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