Ameren Illinois Correlations

AILLP Preferred Stock

USD 65.50 0.50 0.77%

The current 90-days correlation between Ameren Illinois and Netflix is -0.12 (i.e., Good diversification). The correlation of Ameren Illinois 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ameren Illinois Correlation With Market

Good diversification

The correlation between Ameren Illinois and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ameren Illinois and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ameren Illinois could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ameren Illinois 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 Ameren Illinois - 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 Ameren Illinois to buy it.

Moving together with Ameren Pink Sheet

0.61

CMS-PB

Consumers Energy

Pair Corr

Moving against Ameren Pink Sheet

0.47	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.44	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.43	MFG	Mizuho Financial	Pair Corr
0.42	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.32	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.31	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.4	BLK	BlackRock	Pair Corr
0.37	PBCO	Peoples Bank	Pair Corr
0.35	WK	Workiva	Pair Corr
0.34	DAVA	Endava	Pair Corr
0.34	TSLA	Tesla Inc	Pair Corr
0.31	FUNC	First United Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NFLX	AIOT	TARA	GOOG	36966TJT0	AMPX-WT	MET	UPST	TFC
NFLX		0.75	0.62	0.6	-0.06	-0.31	0.47	0.65	0.52	NFLX
AIOT	0.75		0.43	0.2	0.21	-0.38	0.49	0.78	0.51	AIOT
TARA	0.62	0.43		0.74	-0.36	-0.62	-0.05	0.33	-0.07	TARA
GOOG	0.6	0.2	0.74		-0.32	-0.48	0.03	0.18	0.02	GOOG
36966TJT0	-0.06	0.21	-0.36	-0.32		0.18	0.15	0.08	0.2	36966TJT0
AMPX-WT	-0.31	-0.38	-0.62	-0.48	0.18		0.36	-0.36	0.33	AMPX-WT
MET	0.47	0.49	-0.05	0.03	0.15	0.36		0.34	0.78	MET
UPST	0.65	0.78	0.33	0.18	0.08	-0.36	0.34		0.55	UPST
TFC	0.52	0.51	-0.07	0.02	0.2	0.33	0.78	0.55		TFC
	NFLX	AIOT	TARA	GOOG	36966TJT0	AMPX-WT	MET	UPST	TFC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

UPST	+ 0.78	AIOT
TFC	+ 0.78	MET
AIOT	+ 0.75	NFLX
GOOG	+ 0.74	TARA
UPST	+ 0.65	NFLX
TARA	+ 0.62	NFLX

High negative correlations

AMPX-WT	- 0.62	TARA
AMPX-WT	- 0.48	GOOG
AMPX-WT	- 0.38	AIOT
UPST	- 0.36	AMPX-WT
36966TJT0	- 0.36	TARA
36966TJT0	- 0.32	GOOG

Risk-Adjusted Indicators

There is a big difference between Ameren Pink Sheet performing well and Ameren Illinois 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 Ameren Illinois' 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NFLX	1.28	0.34	0.20	0.73	1.17	(1.47)	2.80	(2.25)	10.43
AIOT	3.16	0.23	0.07	0.28	3.28	(3.71)	5.88	(5.41)	28.32
TARA	5.71	1.67	0.30	(17.41)	3.99	(7.90)	13.00	(7.16)	78.24
GOOG	1.49	0.34	0.14	(2.83)	1.46	(1.67)	3.54	(1.96)	9.48
36966TJT0	1.04	(0.02)	(0.05)	0.01	1.57	(1.09)	2.69	(2.21)	9.15
AMPX-WT	12.54	4.27	0.25	5.85	12.39	(15.27)	37.14	(23.61)	76.94
MET	1.16	0.02	(0.01)	0.15	1.75	(1.10)	2.34	(3.03)	9.98
UPST	4.21	0.79	0.12	(0.44)	4.39	(5.61)	8.00	(8.31)	60.49
TFC	1.22	0.15	0.07	0.48	1.13	(1.48)	2.70	(1.82)	15.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ameren Illinois 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.

Did you try this?

Run Portfolio File Import Now

Portfolio File Import

Quickly import all of your third-party portfolios from your local drive in csv format

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC