Oracle Correlations

Stocks . Germany . 
Stock . Oracle
ORC Stock  EUR 161.48  2.12  1.30%   
The current 90-days correlation between Oracle and Fair Isaac is 0.51 (i.e., Very weak diversification). The correlation of Oracle 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.

Oracle Correlation With Market

Very weak diversification

The correlation between Oracle and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oracle and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Oracle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oracle 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 Oracle - 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 Oracle to buy it.

Moving together with Oracle Stock

  0.94FRI Fair IsaacPairCorr
  0.62WGSA SSC Technologies HoldingsPairCorr
  0.68FFV F5 NetworksPairCorr
  0.820XE XeroPairCorr
  0.920NU NutanixPairCorr
  0.676GAA Grupo Aval AccionesPairCorr
  0.696GAA Grupo Aval AccionesPairCorr
  0.81MFZA Mitsubishi UFJ FinancialPairCorr
  0.7NY70 MOLSON RS BEVERAGEPairCorr
  0.79QAN Qantas AirwaysPairCorr
  0.69BZZ Bank of MontrealPairCorr
  0.85ADH2 Air CanadaPairCorr
  0.89TM5 T MobilePairCorr
  0.86EMR EMERSON ELECTRICPairCorr
  0.66CSA Accenture plcPairCorr
  0.89BRYN Berkshire HathawayPairCorr
  0.82BBEA Boston BeerPairCorr

Moving against Oracle Stock

  0.63HYU Hyundai MotorPairCorr
  0.6HYU Hyundai MotorPairCorr
  0.57HYU Hyundai MotorPairCorr
  0.44ECHA Ecopetrol SAPairCorr
  0.41ECHA Ecopetrol SAPairCorr
  0.4CN6 BII Railway TransporPairCorr
  0.32TSI Tsingtao BreweryPairCorr
  0.49DFXN SIERRA METALSPairCorr

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   
0XE
+ 0.91
FRI
0NU
+ 0.91
FRI
FFV
+ 0.86
0OK
0XE
+ 0.85
FFV
FFV
+ 0.81
FRI
0NU
+ 0.78
0XE
  
High negative correlations   
AOS
- 0.38
17W
FFV
- 0.1
17W
0OK
- 0.08
17W

Risk-Adjusted Indicators

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

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