Lean Hogs Correlations

HEUSX Commodity

81.68 0.88 1.09%

The current 90-days correlation between Lean Hogs Futures and Oat Futures is 0.05 (i.e., Significant diversification). The correlation of Lean Hogs 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.

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

Moving against Lean Commodity

0.35

BMYMP

Bristol Myers Squibb

Pair Corr

Related Correlations Analysis

	ZOUSX	KEUSX	GFUSX	SILUSD	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD	ZSUSX
ZOUSX		0.6	0.43	0.7	0.57	0.25	0.01	-0.05	0.7	0.3	ZOUSX
KEUSX	0.6		0.1	0.17	0.15	-0.13	0.09	0.27	0.26	0.44	KEUSX
GFUSX	0.43	0.1		0.62	0.77	0.76	0.27	0.01	0.52	-0.04	GFUSX
SILUSD	0.7	0.17	0.62		0.63	0.46	0.09	-0.02	0.92	0.0	SILUSD
ZQUSD	0.57	0.15	0.77	0.63		0.82	-0.02	-0.22	0.48	0.11	ZQUSD
YMUSD	0.25	-0.13	0.76	0.46	0.82		0.1	-0.24	0.32	-0.01	YMUSD
RBUSD	0.01	0.09	0.27	0.09	-0.02	0.1		-0.05	0.05	-0.11	RBUSD
ZRUSD	-0.05	0.27	0.01	-0.02	-0.22	-0.24	-0.05		0.03	0.15	ZRUSD
PLUSD	0.7	0.26	0.52	0.92	0.48	0.32	0.05	0.03		0.03	PLUSD
ZSUSX	0.3	0.44	-0.04	0.0	0.11	-0.01	-0.11	0.15	0.03		ZSUSX
	ZOUSX	KEUSX	GFUSX	SILUSD	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD	ZSUSX

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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

PLUSD	+ 0.92	SILUSD
YMUSD	+ 0.82	ZQUSD
ZQUSD	+ 0.77	GFUSX
YMUSD	+ 0.76	GFUSX
SILUSD	+ 0.7	ZOUSX
PLUSD	+ 0.7	ZOUSX

High negative correlations

ZRUSD	- 0.24	YMUSD
ZRUSD	- 0.22	ZQUSD
YMUSD	- 0.13	KEUSX
ZSUSX	- 0.11	RBUSD
ZRUSD	- 0.05	RBUSD
ZRUSD	- 0.05	ZOUSX

Risk-Adjusted Indicators

There is a big difference between Lean Commodity performing well and Lean Hogs 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 Lean Hogs' 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
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
ZQUSD	0.04	0.00	(1.09)	0.11	0.00	(0.10)	0.17	(0.02)	1.07
YMUSD	0.57	(0.01)	(0.03)	0.11	0.46	(0.62)	1.09	(0.98)	4.41
RBUSD	1.51	(0.05)	0.00	0.40	0.00	0.00	3.03	(3.32)	10.42
ZRUSD	0.71	0.01	(0.10)	(1.19)	1.01	(0.73)	1.53	(1.98)	4.39
PLUSD	1.33	(0.04)	(0.07)	0.02	1.60	(1.34)	2.72	(2.54)	6.63
ZSUSX	0.82	0.00	(0.11)	0.17	0.96	(0.86)	1.59	(1.72)	4.70

View Lean Hogs Related Equities

Oat Futures Wheat Futures Feeder Cattle Futures Micro Silver Futures 30 Day Fed Mini Dow Jones Gasoline RBOB Rough Rice Futures Platinum Soybean Futures E Mini SP 500 30 Year Treasury 2 Year T Note Futures Heating Oil Crude Oil

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Lean Hogs Correlations

Moving against Lean Commodity

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

View Lean Hogs Related Equities

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