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Post by laupailee on Jun 18, 2021 8:53:10 GMT -5
Many of you have watched Mad Money.
One of Jim Cramer's schticks in the past has been a diversified / not diversified game he plays with viewers. A viewer phones in and reads list of his biggest portfolio holdings. Then, with two hands holding the seat of his pants, Cramer would pronounce whether the portfolio was D or ND.
Here's my question: is there an app out there that does this on a more technical basis?
What I envision is loading the stocks and dollar values currently comprising my portfolio and then pushing the button. The app would calculate positive or negative correlation of the various shares, betas etc. and weight by total dollar amounts for each holding. The result would be an indication how the portfolio needs correction, if one wanted perfect diversification.
Blitz? Spok? Ever heard of anything like this?
LPL
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Post by Blitz on Jun 18, 2021 10:09:26 GMT -5
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