Macys Correlations

Stocks . Brazil . 
Stock . Macys Inc
MACY34 Stock   101.05  4.23  4.37%   
The current 90-days correlation between Macys Inc and Tyson Foods is 0.18 (i.e., Average diversification). The correlation of Macys 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.

Macys Correlation With Market

Significant diversification

The correlation between Macys Inc and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Macys Inc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Macys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Macys 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 Macys - 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 Macys Inc to buy it.

Moving together with Macys Stock

  0.7J1WN34 NordstromPairCorr
  0.89M1UF34 Mitsubishi UFJ FinancialPairCorr
  0.92S1MF34 Sumitomo Mitsui FinancialPairCorr
  0.76TMCO34 Toyota MotorPairCorr
  0.84NMRH34 Nomura HoldingsPairCorr
  0.89SNEC34 Sony Group SplitPairCorr
  0.85H1DB34 HDFC Bank LimitedPairCorr
  0.86TSMC34 Taiwan SemiconductorPairCorr
  0.85JPMC34 JPMorgan ChasePairCorr
  0.66PSSA3 Porto Seguro SAPairCorr
  0.92COWC34 Costco WholesalePairCorr
  0.91MSFT34 MicrosoftPairCorr
  0.91AMZO34 Amazon IncPairCorr
  0.85CAON34 Capital One FinancialPairCorr
  0.72GGBR3 Gerdau SAPairCorr
  0.83A1VY34 A1VY34PairCorr
  0.81MSBR34 Morgan StanleyPairCorr
  0.92WALM34 WalmartPairCorr
  0.85TSLA34 Tesla IncPairCorr
  0.78A1VB34 AvalonBay CommunitiesPairCorr
  0.83ACNB34 Accenture plcPairCorr
  0.78CTKA3 Karsten SAPairCorr
  0.88VISA34 Visa IncPairCorr
  0.69FHER3 Fertilizantes HeringerPairCorr
  0.95AAPL34 Apple IncPairCorr
  0.87HONB34 Honeywell InternationalPairCorr

Moving against Macys Stock

  0.78LREN3 Lojas Renner SA SplitPairCorr
  0.68K1SS34 K1SS34PairCorr
  0.67HOND34 Honda MotorPairCorr
  0.64PCAR3 Companhia BrasileiraPairCorr
  0.49GMAT3 Grupo Mateus SAPairCorr

Related Correlations Analysis

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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   
S1MF34
+ 0.96
A1LL34
S1MF34
+ 0.92
P1DT34
P1DT34
+ 0.9
A1LL34
S1MF34
+ 0.88
TSNF34
P1DT34
+ 0.86
TSNF34
TSNF34
+ 0.84
A1LL34
  
High negative correlations   
S1MF34
- 0.89
B2YN34
B2YN34
- 0.88
A1LL34
B2YN34
- 0.84
P1DT34
B2YN34
- 0.76
TSNF34
L1YG34
- 0.62
P1DT34
S1MF34
- 0.45
L1YG34

Risk-Adjusted Indicators

There is a big difference between Macys Stock performing well and Macys Company 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 Macys' 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.

Be your own money manager

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

Elected by the shareholders, the Macys' board of directors comprises two types of representatives: Macys inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Macys. The board's role is to monitor Macys' management team and ensure that shareholders' interests are well served. Macys' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Macys' outside directors are responsible for providing unbiased perspectives on the board's policies.
Adrian MitchellEx CFOProfile
Paul GriscomVP ControllerProfile
Elisa CChief VPProfile
William IIIVP AffairsProfile
Jeffrey GennetteChairman CEOProfile
Bradley MaysVP TaxProfile
Antony SpringEx VPProfile
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