105340AR4 Correlations

105340AR4

96.00 9.62 9.11%

The current 90-days correlation between BDN 755 15 and ATT Inc is -0.04 (i.e., Good diversification). The correlation of 105340AR4 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.

105340AR4 Correlation With Market

Good diversification

The correlation between BDN 755 15 MAR 28 and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BDN 755 15 MAR 28 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 105340AR4 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 105340AR4 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 105340AR4 - 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 BDN 755 15 MAR 28 to buy it.

Moving against 105340AR4 Bond

0.73	DIS	Walt Disney Sell-off Trend	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.61	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.59	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.58	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.37	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.35	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	T	HD	CSCO	DD	GE	JNJ	INTC	XOM
T		0.72	0.8	0.04	0.24	-0.7	0.67	0.39	T
HD	0.72		0.78	0.52	0.71	-0.6	0.76	0.72	HD
CSCO	0.8	0.78		0.18	0.36	-0.79	0.85	0.64	CSCO
DD	0.04	0.52	0.18		0.72	-0.07	0.46	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	-0.07	-0.16		-0.81	-0.56	JNJ
INTC	0.67	0.76	0.85	0.46	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

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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

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 105340AR4 Bond performing well and 105340AR4 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 105340AR4'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	0.98	(0.07)	(0.08)	0.04	1.23	(1.01)	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 105340AR4 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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