PAYPAL HOLD Correlations

The correlation of PAYPAL HOLD 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 PAYPAL HOLD moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PAYPAL HOLD DRN 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 PAYPAL HOLD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PAYPAL HOLD 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 PAYPAL HOLD - 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 PAYPAL HOLD DRN 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   
  
High negative correlations   

PAYPAL HOLD Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between PAYPAL Stock performing well and PAYPAL HOLD 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 PAYPAL HOLD'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
TWTR 1.66  0.24  0.08  0.23  2.78  0.1 (1.58)  4.00 (2.55)  15.22 
MSFT 1.34 (0.02)  0.00 (0.10)  0.00 (0.0244)  0.00  2.43 (3.17)  12.18 
UBER 2.87  0.49  0.14  0.30  2.94  0.12 (3.07)  5.60 (4.70)  25.11 
F 2.20  0.22  0.05  0.03  3.03  0.0479 (2.41)  5.18 (3.74)  18.47 
T 0.99 (0.35)  0.00 (0.64)  0.00 (0.22)  0.00  1.55 (2.33)  9.29 
A 1.60  0.17  0.07  0.04  1.88  0.07 (1.76)  2.87 (3.13)  11.70 
CRM 1.97 (0.13)  0.00 (0.17)  0.00 (0.07)  0.00  3.63 (4.55)  10.76 
JPM 1.30  0.00  0.00 (0.09)  0.00 (0.0117)  0.00  2.53 (2.88)  8.06 
MRK 0.91 (0.09)  0.00 (0.29)  0.00 (0.0334)  0.00  1.64 (2.13)  4.57 
XOM 1.78  0.08  0.05  0.01  2.18  0.0466 (1.85)  3.33 (3.69)  9.95 

Be your own money manager

Our tools can tell you how much better you can do entering a position in PAYPAL HOLD 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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PAYPAL HOLD Corporate Management

Elected by the shareholders, the PAYPAL HOLD's board of directors comprises two types of representatives: PAYPAL HOLD inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PAYPAL. The board's role is to monitor PAYPAL HOLD's management team and ensure that shareholders' interests are well served. PAYPAL HOLD'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, PAYPAL HOLD's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jonathan Auerbach - Executive Vice President Chief Strategy, Growth and Data OfficerProfile
David Dorman - Independent DirectorProfile
David Moffett - Independent DirectorProfile
Belinda Johnson - Independent DirectorProfile
Gail McGovern - Independent DirectorProfile

Invested in PAYPAL HOLD DRN?

The danger of trading PAYPAL HOLD DRN 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 PAYPAL HOLD 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 PAYPAL HOLD. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PAYPAL HOLD DRN 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.
Please check Your Equity Center. Note that the PAYPAL HOLD DRN information on this page should be used as a complementary analysis to other PAYPAL HOLD'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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Other Tools for PAYPAL Stock

When running PAYPAL HOLD DRN price analysis, check to measure PAYPAL HOLD'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 PAYPAL HOLD is operating at the current time. Most of PAYPAL HOLD's value examination focuses on studying past and present price action to predict the probability of PAYPAL HOLD's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move PAYPAL HOLD's price. Additionally, you may evaluate how the addition of PAYPAL HOLD to your portfolios can decrease your overall portfolio volatility.
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