Live Cattle Correlations
| LEUSX Commodity | 201.50 3.45 1.68% |
The current 90-days correlation between Live Cattle Futures and Rough Rice Futures is 0.05 (i.e., Significant diversification). The correlation of Live Cattle 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.
Live Cattle Correlation With Market
Significant diversification
The correlation between Live Cattle Futures and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Live Cattle Futures and DJI in the same portfolio, assuming nothing else is changed.
Live |
The ability to find closely correlated positions to Live Cattle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Live Cattle 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 Live Cattle - 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 Live Cattle Futures to buy it.
Moving together with Live Commodity
| 0.69 | GOOG | Alphabet Class C Earnings Call This Week | PairCorr |
| 0.64 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.76 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.63 | V | Visa Class A | PairCorr |
| 0.72 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.85 | GILT | Gilat Satellite Networks | PairCorr |
Moving against Live Commodity
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Live Commodity performing well and Live Cattle 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 Live Cattle'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZRUSD | 0.83 | (0.11) | 0.00 | (0.51) | 0.00 | 1.78 | 5.21 | |||
| PLUSD | 1.20 | 0.03 | (0.06) | (0.04) | 1.45 | 2.81 | 6.25 | |||
| ZSUSX | 0.88 | 0.09 | (0.01) | (1.67) | 0.93 | 1.89 | 4.98 | |||
| ESUSD | 0.60 | 0.06 | (0.03) | (47.54) | 0.85 | 1.20 | 5.56 | |||
| ZBUSD | 0.47 | (0.06) | 0.00 | (0.65) | 0.00 | 0.79 | 2.88 | |||
| ZTUSD | 0.06 | (0.01) | 0.00 | (1.94) | 0.00 | 0.16 | 0.42 | |||
| HOUSD | 1.16 | 0.18 | 0.03 | (0.28) | 1.18 | 2.68 | 8.17 | |||
| CLUSD | 1.26 | 0.16 | 0.02 | (0.27) | 1.41 | 2.94 | 6.42 | |||
| ALIUSD | 1.09 | 0.09 | (0.04) | (0.07) | 1.21 | 2.19 | 8.19 | |||
| ZCUSX | 0.83 | 0.28 | 0.22 | (1.88) | 0.48 | 2.05 | 4.35 |
View Live Cattle Related Equities
| Risk & Return | Correlation |