BOSTON Correlations

10112RAZ7

95.95 3.73 3.74%

The current 90-days correlation between BOSTON PPTYS LTD and AEP TEX INC is 0.1 (i.e., Average diversification). The correlation of BOSTON 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.

BOSTON Correlation With Market

Significant diversification

The correlation between BOSTON PPTYS LTD 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 BOSTON PPTYS LTD and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BOSTON Bond

0.91	90331HPL1	US BANK NATIONAL	Pair Corr
0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against BOSTON Bond

0.69	DIS	Walt Disney Aggressive Push	Pair Corr
0.55	WMT	Walmart Aggressive Push	Pair Corr
0.51	BAC	Bank of America Aggressive Push	Pair Corr
0.5	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.4	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	T	ATT Inc Sell-off Trend	Pair Corr
0.37	PG	Procter Gamble	Pair Corr
0.35	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	NDAQ	VRT	IONQ	NVDA	MSFT	PYPL	DIS	PFE
00108WAF7		-0.07	0.0	-0.12	-0.03	-0.17	0.09	-0.16	-0.02	-0.07	00108WAF7
90331HPL1	-0.07		-0.43	-0.28	-0.43	-0.04	0.17	-0.15	-0.57	0.51	90331HPL1
NDAQ	0.0	-0.43		0.84	0.95	0.69	0.15	0.79	0.9	-0.85	NDAQ
VRT	-0.12	-0.28	0.84		0.88	0.89	0.12	0.94	0.85	-0.7	VRT
IONQ	-0.03	-0.43	0.95	0.88		0.78	0.02	0.82	0.93	-0.89	IONQ
NVDA	-0.17	-0.04	0.69	0.89	0.78		0.07	0.83	0.66	-0.59	NVDA
MSFT	0.09	0.17	0.15	0.12	0.02	0.07		0.14	0.05	0.19	MSFT
PYPL	-0.16	-0.15	0.79	0.94	0.82	0.83	0.14		0.8	-0.65	PYPL
DIS	-0.02	-0.57	0.9	0.85	0.93	0.66	0.05	0.8		-0.87	DIS
PFE	-0.07	0.51	-0.85	-0.7	-0.89	-0.59	0.19	-0.65	-0.87		PFE
	00108WAF7	90331HPL1	NDAQ	VRT	IONQ	NVDA	MSFT	PYPL	DIS	PFE

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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

IONQ	+ 0.95	NDAQ
PYPL	+ 0.94	VRT
DIS	+ 0.93	IONQ
DIS	+ 0.9	NDAQ
NVDA	+ 0.89	VRT
IONQ	+ 0.88	VRT

High negative correlations

PFE	- 0.89	IONQ
PFE	- 0.87	DIS
PFE	- 0.85	NDAQ
PFE	- 0.7	VRT
PFE	- 0.65	PYPL
PFE	- 0.59	NVDA

Risk-Adjusted Indicators

There is a big difference between BOSTON Bond performing well and BOSTON 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 BOSTON'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	0.10	0.01	0.38	1.57	(1.42)	3.24	(2.55)	10.75
90331HPL1	0.32	(0.06)	0.00	(0.26)	0.00	0.00	0.32	(0.85)	6.98
NDAQ	0.79	0.16	0.12	0.37	0.74	(0.90)	1.86	(1.73)	5.20
VRT	2.39	0.61	0.23	0.43	2.36	(2.65)	5.87	(4.39)	20.36
IONQ	5.74	2.13	0.43	1.01	4.08	(6.89)	16.30	(6.53)	47.83
NVDA	2.18	0.01	0.01	0.13	3.11	(2.10)	4.07	(4.69)	12.87
MSFT	0.90	(0.03)	(0.04)	0.07	1.49	(0.86)	2.09	(1.85)	8.19
PYPL	1.41	0.15	0.10	0.25	1.54	(1.54)	3.52	(2.75)	10.05
DIS	0.98	0.27	0.21	0.57	0.61	(1.11)	2.34	(1.38)	7.57
PFE	1.03	(0.20)	0.00	(0.37)	0.00	0.00	2.17	(2.45)	8.17

Be your own money manager

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