Class III Correlations

Commodities . USA . 
Commodity . Class III Milk
DCUSD Commodity   19.87  0.05  0.25%   
The current 90-days correlation between Class III Milk and Gold Futures is 0.11 (i.e., Average diversification). The correlation of Class III 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.

Class III Correlation With Market

Average diversification

The correlation between Class III Milk and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Class III Milk and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Class III could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Class III 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 Class III - 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 Class III Milk to buy it.

Moving against Class Commodity

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  0.69SOFI SoFi Technologies Aggressive PushPairCorr
  0.68GOOG Alphabet Class CPairCorr
  0.66TZOO TravelzooPairCorr
  0.65ACHR Archer Aviation TrendingPairCorr
  0.63BMYMP Bristol Myers SquibbPairCorr
  0.6NVDA NVIDIAPairCorr
  0.59RKLB Rocket Lab USA Aggressive PushPairCorr
  0.55FORTY Formula Systems 1985PairCorr
  0.52DISO Tidal Trust IIPairCorr
  0.51LDOS Leidos HoldingsPairCorr
  0.5IMBBY Imperial Brands PLCPairCorr
  0.47PPSI Pioneer Power SolutionsPairCorr
  0.44CISO Cerberus Cyber SentinelPairCorr
  0.43AMZN Amazon IncPairCorr
  0.43WAB Westinghouse Air BrakePairCorr
  0.42PYPL PayPal Holdings Aggressive PushPairCorr
  0.67WGMI Valkyrie Bitcoin MinersPairCorr
  0.66BTC Grayscale Bitcoin MiniPairCorr
  0.65BTF Valkyrie Bitcoin StrategyPairCorr
  0.62XLF Financial Select Sector Aggressive PushPairCorr
  0.61ETH Grayscale Ethereum MiniPairCorr
  0.54MAGS Roundhill MagnificentPairCorr
  0.53USFR WisdomTree Floating Rate Sell-off TrendPairCorr
  0.51LTFOX Lord Abbett AffiliatedPairCorr
  0.48SCRYX Small Cap CorePairCorr
  0.47RQECX Resq Dynamic AllocationPairCorr
  0.46OEF iShares SP 100PairCorr
  0.46VTSMX Vanguard Total StockPairCorr
  0.41SCHD Schwab Dividend EquityPairCorr
  0.38XLK Technology Select Sector Sell-off TrendPairCorr
  0.37DIVG Invesco Exchange TradedPairCorr
  0.37LLPFX Longleaf PartnersPairCorr

Related Correlations Analysis

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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   
SILUSD
+ 0.94
GCUSD
ZNUSD
+ 0.82
ZMUSD
GFUSX
+ 0.8
NQUSD
ZOUSX
+ 0.78
GCUSD
SBUSX
+ 0.75
GCUSD
GFUSX
+ 0.72
SBUSX
  
High negative correlations   
NQUSD
- 0.77
ZNUSD
GFUSX
- 0.63
ZNUSD
NQUSD
- 0.48
ZMUSD
ZNUSD
- 0.43
GCUSD
SILUSD
- 0.36
ZNUSD
ZNUSD
- 0.34
SBUSX

Risk-Adjusted Indicators

There is a big difference between Class Commodity performing well and Class III Commodity 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 Class III's 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCUSD  0.70  0.10 (0.03)(0.86) 0.95 
(0.72)
 1.40 
(1.31)
 4.36 
ZMUSD  0.98 (0.10) 0.00 (0.44) 0.00 
 0.00 
 2.57 
(2.04)
 7.61 
KCUSX  1.72  0.28  0.10  0.66  2.00 
(1.84)
 3.98 
(3.36)
 10.08 
SBUSX  1.51  0.31  0.11 (1.04) 1.30 
(1.88)
 3.53 
(2.23)
 9.50 
ZNUSD  0.23 (0.05) 0.00  0.60  0.00 
 0.00 
 0.42 
(0.45)
 1.42 
NQUSD  0.78 (0.04)(0.04) 0.08  1.15 
(0.74)
 1.58 
(2.47)
 5.18 
ZOUSX  1.72  0.21  0.04  5.38  2.41 
(1.67)
 2.88 
(4.36)
 10.82 
KEUSX  1.22  0.11 (0.02)(0.46) 1.37 
(1.36)
 2.67 
(2.42)
 6.16 
GFUSX  0.48  0.04 (0.09) 0.34  0.54 
(0.55)
 1.01 
(1.04)
 3.28 
SILUSD  1.52  0.09 (0.02)(2.02) 1.90 
(1.66)
 3.19 
(3.42)
 9.02 

View Class III Related Equities

 Risk & Return  Correlation
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