SUZANO Correlations

Summary

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The current 90-days correlation between SUZANO 575 14 and AEP TEX INC is -0.1 (i.e., Good diversification). The correlation of SUZANO 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.

SUZANO Correlation With Market

Good diversification

The correlation between SUZANO 575 14 JUL 26 and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUZANO 575 14 JUL 26 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SUZANO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUZANO 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 SUZANO - 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 SUZANO 575 14 JUL 26 to buy it.

Moving against SUZANO Bond

0.6	MCD	McDonalds Earnings Call This Week	Pair Corr
0.44	90331HPL1	US BANK NATIONAL	Pair Corr
0.41	INTC	Intel	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	ACI	CPRT	JEF	MRVL	KAVL	V	AAL	KOPN
00108WAF7		-0.03	0.12	0.23	0.19	0.11	0.07	0.27	0.14	0.13	00108WAF7
90331HPL1	-0.03		-0.38	0.13	0.13	-0.29	-0.68	-0.33	-0.26	-0.4	90331HPL1
ACI	0.12	-0.38		0.3	0.52	0.65	0.33	0.73	0.64	0.65	ACI
CPRT	0.23	0.13	0.3		0.82	0.37	-0.54	0.54	0.33	0.3	CPRT
JEF	0.19	0.13	0.52	0.82		0.65	-0.35	0.73	0.61	0.56	JEF
MRVL	0.11	-0.29	0.65	0.37	0.65		0.17	0.64	0.91	0.73	MRVL
KAVL	0.07	-0.68	0.33	-0.54	-0.35	0.17		0.21	0.21	0.33	KAVL
V	0.27	-0.33	0.73	0.54	0.73	0.64	0.21		0.65	0.79	V
AAL	0.14	-0.26	0.64	0.33	0.61	0.91	0.21	0.65		0.74	AAL
KOPN	0.13	-0.4	0.65	0.3	0.56	0.73	0.33	0.79	0.74		KOPN
	00108WAF7	90331HPL1	ACI	CPRT	JEF	MRVL	KAVL	V	AAL	KOPN

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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

AAL	+ 0.91	MRVL
JEF	+ 0.82	CPRT
KOPN	+ 0.79	V
KOPN	+ 0.74	AAL
V	+ 0.73	ACI
V	+ 0.73	JEF

High negative correlations

KAVL	- 0.68	90331HPL1
KAVL	- 0.54	CPRT
KOPN	- 0.4	90331HPL1
ACI	- 0.38	90331HPL1
KAVL	- 0.35	JEF
V	- 0.33	90331HPL1

Risk-Adjusted Indicators

There is a big difference between SUZANO Bond performing well and SUZANO 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 SUZANO'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	1.53	0.13	0.02	1.16	2.23	(1.73)	5.47	(2.57)	15.94
90331HPL1	0.48	(0.02)	0.00	0.33	0.00	0.00	1.64	(1.87)	7.38
ACI	1.10	0.11	0.02	0.74	1.28	(1.11)	2.57	(2.12)	7.71
CPRT	1.06	0.15	0.10	0.37	0.95	(1.26)	2.16	(1.95)	13.00
JEF	1.49	0.21	0.08	0.32	2.30	(1.54)	2.80	(2.26)	21.97
MRVL	2.93	0.50	0.10	0.84	4.62	(3.09)	5.82	(5.71)	42.29
KAVL	5.28	0.84	0.10	(0.99)	6.18	(6.59)	12.00	(9.30)	48.79
V	0.75	0.27	0.22	1.57	0.52	(0.89)	2.13	(1.15)	7.49
AAL	1.92	0.52	0.14	(0.69)	2.28	(2.16)	3.76	(3.87)	25.54
KOPN	5.20	1.35	0.25	2.10	4.54	(6.45)	13.95	(8.37)	34.91

SUZANO Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SUZANO bond to make a market-neutral strategy. Peer analysis of SUZANO could also be used in its relative valuation, which is a method of valuing SUZANO by comparing valuation metrics with similar companies.

AEP TEX INC US BANK NATIONAL Albertsons Companies Copart Inc Jefferies Financial Group Marvell Technology Group Kaival Brands Innovations Visa Class A American Airlines Group Kopin American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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