TD AMERITRADE Correlations

The correlation of TD AMERITRADE is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TD AMERITRADE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD AMERITRADE HOLDING moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to TD AMERITRADE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TD AMERITRADE 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 TD AMERITRADE - 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 TD AMERITRADE HOLDING to buy it.

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BTCSARBK
BTCSATIF
ARLPCOWN
ATIFARBK
COWNBGCP
BTCSAMRK
  
High negative correlations   
COWNATIF
COWNBTCS
BTCSBGCP
BGCPATIF
MTCBGCP
COWNAMRK

TD AMERITRADE Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between TD AMERITRADE stock performing well and TD AMERITRADE company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze TD AMERITRADE's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
AC 1.37  0.05  0.03  0.08  1.76  0.0323 (1.43)  3.19 (2.74)  9.79 
AMRK 3.10 (0.12)  0.00 (0.09)  0.00 (0.0309)  0.00  4.67 (6.20)  24.64 
AMTD 11.60  3.65  0.44 (1.67)  6.42  0.11 (19.19)  18.18 (11.30)  267.74 
ARBK 5.28 (0.43)  0.00 (0.16)  0.00 (0.07)  0.00  9.23 (9.87)  28.23 
ATIF 4.62  0.12  0.02  0.22  5.73  0.0173 (6.22)  15.77 (9.39)  36.15 
BGCP 2.21  0.28  0.10  0.17  2.48  0.09 (2.48)  5.41 (3.91)  14.28 
BTCS 5.34 (0.63)  0.00 (0.21)  0.00 (0.09)  0.00  11.81 (11.59)  44.57 
COWN 2.90  0.81  0.23  0.73  2.83  0.17 (3.13)  5.75 (5.28)  38.13 
MTC 14.13  3.69  0.32 (1.27)  9.59  0.08 (20.88)  13.21 (15.58)  425.02 
ARLP 2.39  0.37  0.14  0.31  2.48  0.12 (2.90)  5.49 (4.69)  13.01 

TD AMERITRADE Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TD AMERITRADE stock to make a market-neutral strategy. Peer analysis of TD AMERITRADE could also be used in its relative valuation, which is a method of valuing TD AMERITRADE by comparing valuation metrics with similar companies.
Associated CapitalA-Mark Precious MetaAmtd Idea GroupArgo Blockchain PlcAtif HoldingsBgc Partners ClBTCS INCCowen GroupMmtec IncAlliance ResourceAmn Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpKEURIG DR PEPPERGX Nasdaq-100 Covered
 Risk & Return  Correlation

Invested in TD AMERITRADE HOLDING?

You need to understand the risk of investing before taking a position in TD AMERITRADE. The danger of trading TD AMERITRADE HOLDING is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of TD AMERITRADE is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than TD AMERITRADE. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TD AMERITRADE HOLDING is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities. Note that the TD AMERITRADE HOLDING information on this page should be used as a complementary analysis to other TD AMERITRADE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Other Tools for AMTD1 Stock

When running TD AMERITRADE HOLDING price analysis, check to measure TD AMERITRADE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TD AMERITRADE is operating at the current time. Most of TD AMERITRADE's value examination focuses on studying past and present price action to predict the probability of TD AMERITRADE's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move TD AMERITRADE's price. Additionally, you may evaluate how the addition of TD AMERITRADE to your portfolios can decrease your overall portfolio volatility.
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