AMERICAN Correlations

02665WDL2

96.23 1.50 1.53%

The current 90-days correlation between AMERICAN HONDA FINANCE and AEP TEX INC is -0.28 (i.e., Very good diversification). The correlation of AMERICAN 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.

AMERICAN Correlation With Market

Good diversification

The correlation between AMERICAN HONDA FINANCE and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMERICAN HONDA FINANCE and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AMERICAN Bond

0.77

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against AMERICAN Bond

0.74	WSM	Williams Sonoma	Pair Corr
0.66	JOBY	Joby Aviation Upward Rally	Pair Corr
0.55	IONQ	IONQ Inc Upward Rally	Pair Corr
0.55	EPAM	EPAM Systems	Pair Corr
0.54	SQ	Block Inc Sell-off Trend	Pair Corr
0.54	VTRS	Viatris	Pair Corr
0.54	BTC	Grayscale Bitcoin Mini	Pair Corr
0.52	APP	Applovin Corp	Pair Corr
0.51	MSTR	MicroStrategy Incorporated	Pair Corr
0.46	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.45	UMAC	Unusual Machines, Trending	Pair Corr
0.45	DDM	ProShares Ultra Dow30	Pair Corr
0.42	MDIV	First Trust Multi	Pair Corr
0.4	EOS	Eaton Vance Enhanced	Pair Corr
0.37	CVNA	Carvana	Pair Corr
0.31	MTTR	Matterport	Pair Corr
0.6	GAB	Gabelli Equity Trust	Pair Corr
0.58	AMVYX	Mid Cap Value	Pair Corr
0.56	ETH	Grayscale Ethereum Mini	Pair Corr
0.53	ALTL	Pacer Lunt Large	Pair Corr
0.49	SAGAX	Ridgeworth Innovative	Pair Corr
0.47	WWLAX	Westwood Largecap Value	Pair Corr
0.46	TLCYX	Touchstone Large Cap	Pair Corr
0.43	SCHD	Schwab Dividend Equity	Pair Corr
0.43	AMGIX	Income Growth	Pair Corr
0.41	VYM	Vanguard High Dividend	Pair Corr
0.4	DFMAX	Davidson Multi Cap	Pair Corr
0.38	ARIDX	Amg River Road	Pair Corr
0.35	VFTAX	Vanguard Ftse Social	Pair Corr
0.35	ILESX	Fisher Investments	Pair Corr
0.34	XHLF	Bondbloxx ETF Trust	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	NFLX	ESRT	PLTR	FDS	GARPF	KD	CIADY	SCTSF
00108WAF7		-0.04	-0.07	-0.02	-0.09	-0.03	-0.07	-0.02	-0.13	0.01	00108WAF7
90331HPL1	-0.04		-0.5	-0.03	-0.35	-0.18	0.24	-0.57	0.08	0.12	90331HPL1
NFLX	-0.07	-0.5		0.21	0.95	0.81	0.27	0.88	0.4	-0.55	NFLX
ESRT	-0.02	-0.03	0.21		0.22	0.48	0.58	0.25	0.34	0.14	ESRT
PLTR	-0.09	-0.35	0.95	0.22		0.87	0.31	0.88	0.45	-0.59	PLTR
FDS	-0.03	-0.18	0.81	0.48	0.87		0.55	0.73	0.52	-0.49	FDS
GARPF	-0.07	0.24	0.27	0.58	0.31	0.55		0.05	0.68	-0.22	GARPF
KD	-0.02	-0.57	0.88	0.25	0.88	0.73	0.05		0.23	-0.35	KD
CIADY	-0.13	0.08	0.4	0.34	0.45	0.52	0.68	0.23		-0.19	CIADY
SCTSF	0.01	0.12	-0.55	0.14	-0.59	-0.49	-0.22	-0.35	-0.19		SCTSF
	00108WAF7	90331HPL1	NFLX	ESRT	PLTR	FDS	GARPF	KD	CIADY	SCTSF

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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

PLTR	+ 0.95	NFLX
KD	+ 0.88	NFLX
KD	+ 0.88	PLTR
FDS	+ 0.87	PLTR
FDS	+ 0.81	NFLX
KD	+ 0.73	FDS

High negative correlations

SCTSF	- 0.59	PLTR
KD	- 0.57	90331HPL1
SCTSF	- 0.55	NFLX
NFLX	- 0.5	90331HPL1
SCTSF	- 0.49	FDS
SCTSF	- 0.35	KD

Risk-Adjusted Indicators

There is a big difference between AMERICAN Bond performing well and AMERICAN 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 AMERICAN'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
00108WAF7	1.31	0.09	0.01	0.39	1.60	(1.41)	3.24	(2.55)	10.75
90331HPL1	0.33	0.00	0.00	0.00	0.00	0.00	0.45	(0.85)	6.98
NFLX	1.31	0.33	0.17	0.66	1.30	(1.46)	2.80	(2.47)	14.67
ESRT	1.08	(0.03)	(0.05)	0.08	1.30	(1.11)	2.21	(2.31)	5.76
PLTR	2.53	0.98	0.48	0.55	1.42	(2.97)	8.61	(2.80)	30.33
FDS	0.92	0.17	0.13	0.35	0.77	(1.06)	2.25	(1.45)	7.46
GARPF	1.38	0.26	0.00	0.92	0.00	0.00	4.76	(4.55)	32.62
KD	1.66	0.44	0.30	0.40	1.09	(1.99)	3.41	(2.98)	15.71
CIADY	3.53	0.59	0.11	1.35	4.03	(4.03)	10.70	(6.20)	33.77
SCTSF	4.17	0.00	0.00	0.12	4.67	(10.69)	9.09	(8.33)	41.56

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