Track Correlations
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Track moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Track Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Track Correlation With Market
Significant diversification
The correlation between Track Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Track Group and DJI in the same portfolio, assuming nothing else is changed.
Track |
The ability to find closely correlated positions to Track could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Track 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 Track - 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 Track Group to buy it.
Moving together with Track OTC Stock
Moving against Track OTC Stock
| 0.72 | BA | Boeing | PairCorr |
| 0.65 | AXP | American Express | PairCorr |
| 0.59 | BAC | Bank of America | PairCorr |
| 0.5 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.45 | WMT | Walmart | PairCorr |
| 0.44 | PUTKY | United Tractors Tbk | PairCorr |
| 0.39 | HD | Home Depot | PairCorr |
| 0.33 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Track OTC Stock performing well and Track OTC Stock 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 Track'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEPJF | 2.34 | 0.14 | 0.07 | (0.58) | 3.07 | 5.94 | 20.06 | |||
| SMIT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MINDP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOTK | 2.35 | (0.36) | 0.00 | (0.58) | 0.00 | 4.77 | 15.16 | |||
| GNSS | 3.33 | 0.06 | 0.00 | (0.11) | 0.00 | 8.17 | 32.38 | |||
| ST | 1.58 | (0.08) | 0.00 | (0.24) | 0.00 | 3.00 | 14.38 | |||
| FCUV | 12.16 | 3.52 | 0.32 | 1.05 | 8.89 | 41.51 | 200.44 | |||
| CPTN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MLAB | 2.23 | 0.13 | 0.00 | (0.07) | 0.00 | 4.71 | 13.66 | |||
| TDY | 1.06 | 0.13 | 0.12 | 0.02 | 1.32 | 1.98 | 10.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Track 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.Did you try this?
Run Portfolio Volatility Now
Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
| All Next | Launch Module |
Track Corporate Management
Elected by the shareholders, the Track's board of directors comprises two types of representatives: Track inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Track. The board's role is to monitor Track's management team and ensure that shareholders' interests are well served. Track'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, Track's outside directors are responsible for providing unbiased perspectives on the board's policies.
| A Gigler | Chief Officer | Profile | |
| Tim Hardy | Chief Officer | Profile | |
| Peter Poli | Chief Officer | Profile | |
| Gordon Jesperson | Gen Sec | Profile | |
| Eli Sabag | Divisional International | Profile | |
| Matthew Swando | Chief Officer | Profile | |
| Derek Cassell | Chief Officer | Profile |