AMEREN Correlations

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96.89 1.92 1.94%

The current 90-days correlation between AMEREN P 365 and Patterson UTI Energy is 0.03 (i.e., Significant diversification). The correlation of AMEREN 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.

AMEREN Correlation With Market

Significant diversification

The correlation between AMEREN P 365 and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMEREN P 365 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AMEREN 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 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 - 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 P 365 to buy it.

Moving together with AMEREN Bond

0.72

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against AMEREN Bond

0.73	RCAT	Red Cat Holdings Trending	Pair Corr
0.55	BTC	Grayscale Bitcoin Mini	Pair Corr
0.46	MSTY	YieldMax MSTR Option	Pair Corr
0.43	GM	General Motors	Pair Corr
0.33	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.33	BRK-B	Berkshire Hathaway	Pair Corr
0.33	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.33	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.31	MRVL	Marvell Technology Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PTEN	KNTK	DKDRF	RIG	ATO	KEN	LNT
PTEN		-0.17	-0.07	0.76	-0.47	-0.45	-0.41	PTEN
KNTK	-0.17		0.74	-0.23	0.88	0.83	0.5	KNTK
DKDRF	-0.07	0.74		-0.11	0.5	0.64	0.1	DKDRF
RIG	0.76	-0.23	-0.11		-0.49	-0.34	-0.51	RIG
ATO	-0.47	0.88	0.5	-0.49		0.81	0.75	ATO
KEN	-0.45	0.83	0.64	-0.34	0.81		0.43	KEN
LNT	-0.41	0.5	0.1	-0.51	0.75	0.43		LNT
	PTEN	KNTK	DKDRF	RIG	ATO	KEN	LNT

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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

ATO	+ 0.88	KNTK
KEN	+ 0.83	KNTK
KEN	+ 0.81	ATO
RIG	+ 0.76	PTEN
LNT	+ 0.75	ATO
DKDRF	+ 0.74	KNTK

High negative correlations

LNT	- 0.51	RIG
ATO	- 0.49	RIG
ATO	- 0.47	PTEN
KEN	- 0.45	PTEN
LNT	- 0.41	PTEN
KEN	- 0.34	RIG

Risk-Adjusted Indicators

There is a big difference between AMEREN Bond performing well and AMEREN Corporate Bond 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'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
PTEN	2.15	(0.27)	0.00	(0.05)	0.00	0.00	3.50	(4.36)	14.10
KNTK	1.45	0.51	0.31	0.65	1.10	(1.72)	3.19	(1.87)	10.07
DKDRF	0.98	0.24	0.03	(1.13)	1.25	(4.84)	3.29	(1.01)	17.09
RIG	2.57	(0.19)	0.00	1.60	0.00	0.00	5.19	(5.66)	14.43
ATO	0.66	0.19	0.18	0.58	0.35	(0.77)	1.84	(1.17)	3.85
KEN	1.34	0.13	0.05	0.31	1.65	(1.33)	2.93	(2.87)	8.45
LNT	0.90	0.14	0.04	8.39	1.01	(1.02)	2.04	(1.89)	5.81

Be your own money manager

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

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