Ameren Illinois Correlations
| AILLP Preferred Stock | USD 65.91 0.84 1.26% |
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
Average diversification
The correlation between Ameren Illinois and DJI is 0.17 (i.e., Average 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.
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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
| 0.68 | NEE-PR | Nextera Energy | PairCorr |
| 0.83 | CMS-PB | Consumers Energy | PairCorr |
| 0.7 | PBCRY | Bank Central Asia | PairCorr |
Moving against Ameren Pink Sheet
| 0.74 | PMMAF | Puma SE | PairCorr |
| 0.46 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.45 | KODK | Eastman Kodak Trending | PairCorr |
| 0.64 | LINK | Interlink Electronics | PairCorr |
| 0.59 | NFBK | Northfield Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.58 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.56 | ATOM | Atomera | PairCorr |
| 0.49 | SFM | Sprouts Farmers Market | PairCorr |
| 0.49 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.48 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.48 | KD | Kyndryl Holdings | PairCorr |
| 0.43 | TATT | Tat Techno | PairCorr |
| 0.43 | OZK | Bank Ozk Fiscal Year End 16th of January 2025 | PairCorr |
| 0.38 | STR | Sitio Royalties Corp | PairCorr |
| 0.37 | PANW | Palo Alto Networks | PairCorr |
| 0.35 | DASH | DoorDash, Class A | PairCorr |
| 0.33 | FTAIM | FTAI Aviation | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NOKFF | ||
| 0.0 | 0.71 | -0.54 | 0.93 | 0.89 | AIZ | ||
| 0.0 | 0.71 | -0.72 | 0.83 | 0.75 | VLRS | ||
| 0.0 | -0.54 | -0.72 | -0.6 | -0.52 | DIISY | ||
| 0.0 | 0.93 | 0.83 | -0.6 | 0.85 | CINF | ||
| 0.0 | 0.89 | 0.75 | -0.52 | 0.85 | SLF | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOKFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIZ | 0.88 | 0.10 | 0.08 | 0.21 | 1.21 | 1.72 | 7.97 | |||
| VLRS | 1.68 | 0.48 | 0.17 | (1.76) | 1.43 | 4.72 | 10.38 | |||
| DIISY | 1.90 | 0.31 | 0.07 | 1.53 | 1.60 | 3.27 | 9.21 | |||
| CINF | 0.99 | 0.11 | 0.10 | 0.22 | 1.04 | 2.20 | 8.34 | |||
| SLF | 0.62 | 0.13 | 0.11 | 0.37 | 0.35 | 1.24 | 5.11 |
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