MOTOROLA Correlations

620076AK5

101.61 0.00 0.00%

The current 90-days correlation between MOTOROLA SOLUTIONS INC and AEP TEX INC is 0.06 (i.e., Significant diversification). The correlation of MOTOROLA 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.

MOTOROLA Correlation With Market

Good diversification

The correlation between MOTOROLA SOLUTIONS INC and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MOTOROLA SOLUTIONS INC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against MOTOROLA Bond

0.41	HROWM	Harrow Health, 11875	Pair Corr
0.38	AEM	Agnico Eagle Mines	Pair Corr
0.38	WM	Waste Management	Pair Corr

Related Correlations Analysis

	00108WAF7	SHWZ	DTSQR	AEM	ANPMF	GLU	HROWM	TKOMF	WM
00108WAF7		-0.1	0.24	0.03	-0.05	0.18	-0.15	0.33	0.12	00108WAF7
SHWZ	-0.1		-0.02	0.17	0.04	-0.08	0.22	-0.27	0.14	SHWZ
DTSQR	0.24	-0.02		0.3	0.37	0.55	-0.1	0.64	0.14	DTSQR
AEM	0.03	0.17	0.3		0.6	0.53	0.77	0.0	0.91	AEM
ANPMF	-0.05	0.04	0.37	0.6		0.79	0.32	0.29	0.58	ANPMF
GLU	0.18	-0.08	0.55	0.53	0.79		0.22	0.35	0.57	GLU
HROWM	-0.15	0.22	-0.1	0.77	0.32	0.22		-0.24	0.72	HROWM
TKOMF	0.33	-0.27	0.64	0.0	0.29	0.35	-0.24		-0.11	TKOMF
WM	0.12	0.14	0.14	0.91	0.58	0.57	0.72	-0.11		WM
	00108WAF7	SHWZ	DTSQR	AEM	ANPMF	GLU	HROWM	TKOMF	WM

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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

WM	+ 0.91	AEM
GLU	+ 0.79	ANPMF
HROWM	+ 0.77	AEM
WM	+ 0.72	HROWM
TKOMF	+ 0.64	DTSQR
ANPMF	+ 0.6	AEM

High negative correlations

TKOMF	- 0.27	SHWZ
TKOMF	- 0.24	HROWM
HROWM	- 0.15	00108WAF7
WM	- 0.11	TKOMF
HROWM	- 0.1	DTSQR
SHWZ	- 0.1	00108WAF7

Risk-Adjusted Indicators

There is a big difference between MOTOROLA Bond performing well and MOTOROLA Corporate Bond 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 MOTOROLA'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
00108WAF7	0.95	0.04	0.04	(0.42)	1.58	(0.98)	1.59	(1.94)	3.96
SHWZ	266.39	151.86	2.03	(1.80)	62.67	(486.98)	1,000.00	(100.00)	1,100
DTSQR	4.06	0.78	0.07	0.41	4.38	(10.72)	16.67	(11.11)	31.11
AEM	1.35	0.53	0.33	1.00	1.23	(1.65)	3.84	(2.13)	9.76
ANPMF	3.19	0.47	0.13	(5.45)	3.51	(3.57)	8.47	(5.41)	18.46
GLU	0.85	0.13	0.11	0.42	1.12	(0.90)	1.89	(1.60)	5.98
HROWM	0.59	0.07	0.12	0.89	0.60	(0.68)	1.45	(1.16)	3.08
TKOMF	4.06	0.50	0.07	(0.57)	4.40	(7.27)	13.78	(9.40)	27.72
WM	0.73	0.18	0.20	0.33	0.67	(0.74)	1.57	(1.56)	8.07

Be your own money manager

Our tools can tell you how much better you can do entering a position in MOTOROLA 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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