Stock & ETF Portfolio Analysis

Beta v1.1.

Your feedback on our beta is important to us.

Thank you for trying out our stock portfolio analysis tool, which is currently in beta. We understand that being able to input the weighting of each stock in your portfolio is important to many of our users, and we apologize that this feature is not yet available. However, we are actively working on adding this capability and hope to have it implemented in the near future. If you have any feedback or suggestions while using the tool, we encourage you to email us. Your input is valuable as we continue to improve the tool during the beta phase. If you encounter any errors, please let us know by Email so we can fix them promptly. Thank you for your support.

How does this work?

Our stock portfolio analyzer tool can help investors track and analyze a range of combined financial metrics for the stocks in their portfolio, which can be used to optimize the risk-return trade-off in the portfolio. Using our portfolio analyzer can provide several benefits for investors, including improved portfolio performance, reduced risk, greater transparency, easier monitoring, and time-saving analysis. Our portfolio analyzer can also help investors identify underperforming stocks and make informed decisions about diversification and asset allocation to mitigate risk. Overall, our portfolio analyzer can be a valuable tool for investors seeking to maximize returns and manage risk in their investments.

To determine the diversification of a portfolio we use Spearman's rank correlation, also known as Spearman's rho, to determine a statistical measure of the strength and direction of the relationship between two investment assets. It is a non-parametric test, meaning that it does not assume that the data follows a particular distribution.

A positive correlation means that as one asset increases in value, the other asset also tends to increase in value. A negative correlation means that as one asset increases in value, the other asset tends to decrease in value. A correlation of zero indicates that there is no relationship between the two assets.

Using Spearman's rho, investors can identify the strength of the relationship between two assets and determine whether they are likely to move in the same direction or opposite directions. This can be useful in portfolio management, as it can help investors to diversify their portfolio and mitigate risk by choosing assets that are not highly correlated.