| RTX Stock | | | DKK 61.00 2.60 4.09% |
The current 90-days correlation between RTX AS and Zealand Pharma AS is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as RTX AS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RTX AS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
RTX AS Correlation With Market
Significant diversification
The correlation between RTX AS and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RTX AS and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to RTX AS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RTX AS 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 RTX AS - 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 RTX AS to buy it.
Moving together with RTX Stock
Moving against RTX Stock
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 | ZEAL | | NKT | | COLUM | | NKT | | COLUM | | CBRAIN |
| | High negative correlations | COLUM | | ZEAL | | CBRAIN | | NKT | | CBRAIN | | ZEAL |
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Risk-Adjusted IndicatorsThere is a big difference between RTX Stock performing well and RTX AS 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 RTX AS'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 RTX AS 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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RTX AS Corporate Management
Elected by the shareholders, the RTX AS's board of directors comprises two types of representatives: RTX AS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RTX. The board's role is to monitor RTX AS's management team and ensure that shareholders' interests are well served. RTX AS'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, RTX AS's outside directors are responsible for providing unbiased perspectives on the board's policies.