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Globe Portfolio - Reports - Correlation Report Portfolio Help
Correlation Report

Correlation Report: Correlation measures the similarity of performance between two holdings. The performance of two holdings can move in the same direction, the opposite direction or with no relationship at all to one another. The relationship of the two holdings being compared is represented by the correlation number.

A highly positive correlation number (the highest being 1.0) means the performance of two holdings tend to move in the same direction. A highly negative correlation number (the lowest being -1.0) means the performance of two holdings tend to move in opposite directions. If two holdings have a correlation number of 0.0, they have no relationship.

Correlation, along with other important information like your risk tolerance, can help you build a portfolio that is appropriately diversified to suit your needs.

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Standard Report  | Gain/Loss  | Period-to-date  | Rolling Periods  | Portfolio Diagnostic
Correlation Report  | Stock Overlap  | Portfolio Analyzer  | Annual  | Intraday Stock  |  Index
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