02666TAD9 Correlations

02666TAD9

65.50 0.00 0.00%

The current 90-days correlation between AMH 3375 15 and ATT Inc is -0.1 (i.e., Good diversification). The correlation of 02666TAD9 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.

02666TAD9 Correlation With Market

Good diversification

The correlation between AMH 3375 15 JUL 51 and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMH 3375 15 JUL 51 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 02666TAD9 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 02666TAD9 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 02666TAD9 - 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 AMH 3375 15 JUL 51 to buy it.

Moving against 02666TAD9 Bond

0.58	PG	Procter Gamble Sell-off Trend	Pair Corr
0.51	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.43	KO	Coca Cola Aggressive Push	Pair Corr
0.4	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.31	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	T	HD	CSCO	DD	GE	JNJ	INTC	XOM
T		0.72	0.8	0.05	0.24	-0.7	0.67	0.39	T
HD	0.72		0.78	0.53	0.71	-0.6	0.76	0.72	HD
CSCO	0.8	0.78		0.2	0.36	-0.79	0.85	0.64	CSCO
DD	0.05	0.53	0.2		0.72	-0.08	0.47	0.47	DD
GE	0.24	0.71	0.36	0.72		-0.16	0.53	0.55	GE
JNJ	-0.7	-0.6	-0.79	-0.08	-0.16		-0.81	-0.56	JNJ
INTC	0.67	0.76	0.85	0.47	0.53	-0.81		0.67	INTC
XOM	0.39	0.72	0.64	0.47	0.55	-0.56	0.67		XOM
	T	HD	CSCO	DD	GE	JNJ	INTC	XOM

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

INTC	+ 0.85	CSCO
CSCO	+ 0.8	T
CSCO	+ 0.78	HD
INTC	+ 0.76	HD
HD	+ 0.72	T
XOM	+ 0.72	HD

High negative correlations

INTC	- 0.81	JNJ
JNJ	- 0.79	CSCO
JNJ	- 0.7	T
JNJ	- 0.6	HD
XOM	- 0.56	JNJ
JNJ	- 0.16	GE

Risk-Adjusted Indicators

There is a big difference between 02666TAD9 Bond performing well and 02666TAD9 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 02666TAD9'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
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
HD	0.91	0.19	0.09	0.74	0.90	(1.02)	2.22	(1.67)	5.15
CSCO	0.73	0.15	0.17	0.30	0.46	(0.85)	1.72	(1.14)	6.38
DD	0.99	(0.07)	(0.08)	0.04	1.21	(1.06)	2.68	(2.46)	7.46
GE	1.34	(0.06)	(0.01)	0.08	2.27	(1.27)	2.85	(2.36)	14.10
JNJ	0.61	(0.11)	0.00	(0.37)	0.00	0.00	1.40	(1.42)	3.25
INTC	2.37	0.06	0.08	0.16	2.60	(2.65)	6.36	(3.50)	18.29
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in 02666TAD9 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.

Did you try this?

Run Stock Tickers Now

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC