Stem Correlations

STEM
 Stock
  

USD 8.31  0.72  9.49%   

The correlation of Stem 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 Stem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stem Inc 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.
Additionally, take a look at World Market Map.
  
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The ability to find closely correlated positions to Stem could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stem 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 Stem - 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 Stem Inc to buy it.

Moving together with Stem

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0.82MSFTMicrosoft Corp Fiscal Year End 26th of July 2022 PairCorr
0.88GOOGAlphabet Cl CPairCorr
0.66BRK-ABerkshire HathawayPairCorr
0.67FBMeta Platforms OldPairCorr
0.71MBFJFMitsubishi Ufj FinanPairCorr
0.62JPHLFJapan Post HldgsPairCorr
0.74TRVThe Travelers CompaniesPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
FUBER
UBERMSFT
FMSFT
CRMMSFT
JPMA
JPMF
  
High negative correlations   
TUBER
MRKUBER
MRKF
TF
TMSFT
TTWTR

Stem Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Stem stock performing well and Stem 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 Stem'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 2.75  0.16  0.07  0.13  3.48  0.05 (2.91)  5.66 (5.40)  36.79 
MSFT 1.93  0.04  0.00 (0.14)  0.00 (0.0145)  0.00  2.97 (4.24)  9.36 
UBER 3.47 (0.38)  0.00 (0.38)  0.00 (0.12)  0.00  6.32 (7.19)  18.56 
F 2.36 (0.33)  0.00 (0.38)  0.00 (0.15)  0.00  3.68 (5.54)  16.83 
T 1.30  0.39  0.28  0.43  1.30  0.25 (1.53)  2.99 (2.47)  12.17 
A 1.94  0.09  0.00 (0.09)  0.00  0.0243  0.00  3.19 (3.50)  9.78 
CRM 2.65  0.03  0.00 (0.15)  0.00 (0.0288)  0.00  6.33 (5.28)  16.84 
JPM 1.44 (0.09)  0.00 (0.26)  0.00 (0.05)  0.00  2.98 (2.98)  10.79 
MRK 1.07  0.29  0.32  0.40  1.00  0.27 (1.21)  2.16 (1.65)  7.61 
XOM 2.00  0.21  0.07  0.05  2.98  0.09 (1.71)  3.03 (3.96)  11.86 

Similar Equity Warning - STEM

Stem Inc was forked

The entity Stem Inc with a symbol STEM was recently forked. You can potentially use Microbot Medical with a symbol MBOT from now on.

Stem Corporate Directors

Stem corporate directors refer to members of a Stem board of directors. The board of directors generally takes responsibility for the Stem's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Stem's board members must vote for the resolution. The Stem board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Lisa Troe - Independent DirectorProfile
Michael Morgan - Independent DirectorProfile
Anil Tammineedi - Independent DirectorProfile
Scott Greer - Independent DirectorProfile

Investing Stem Inc

You need to understand the risk of investing before taking a position in Stem. The danger of trading Stem Inc 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 Stem 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 Stem. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Stem Inc 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.
Additionally, take a look at World Market Map. Note that the Stem Inc information on this page should be used as a complementary analysis to other Stem'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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Stem Stock analysis

When running Stem Inc price analysis, check to measure Stem'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 Stem is operating at the current time. Most of Stem's value examination focuses on studying past and present price action to predict the probability of Stem's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Stem's price. Additionally, you may evaluate how the addition of Stem to your portfolios can decrease your overall portfolio volatility.
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Is Stem's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stem. If investors know Stem will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stem listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
1.67
Return On Assets
-0.0747
Return On Equity
-0.15
The market value of Stem Inc is measured differently than its book value, which is the value of Stem that is recorded on the company's balance sheet. Investors also form their own opinion of Stem's value that differs from its market value or its book value, called intrinsic value, which is Stem's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stem's market value can be influenced by many factors that don't directly affect Stem's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stem's value and its price as these two are different measures arrived at by different means. Investors typically determine Stem value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stem's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.