11135FBP5 Correlations
| 11135FBP5 | 73.86 7.89 9.65% |
The current 90-days correlation between AVGO 3137 15 and Mind Technology is -0.08 (i.e., Good diversification). The correlation of 11135FBP5 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.
11135FBP5 Correlation With Market
Significant diversification
The correlation between AVGO 3137 15 NOV 35 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 AVGO 3137 15 NOV 35 and DJI in the same portfolio, assuming nothing else is changed.
11135FBP5 |
The ability to find closely correlated positions to 11135FBP5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 11135FBP5 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 11135FBP5 - 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 AVGO 3137 15 NOV 35 to buy it.
Moving together with 11135FBP5 Bond
| 0.65 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.77 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.73 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against 11135FBP5 Bond
| 0.82 | DIS | Walt Disney | PairCorr |
| 0.76 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.6 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.6 | HPQ | HP Inc | PairCorr |
| 0.51 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.42 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.4 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 11135FBP5 Bond performing well and 11135FBP5 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 11135FBP5'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MIND | 2.01 | (0.15) | 0.00 | (0.58) | 0.00 | 4.40 | 13.68 | |||
| FLEX | 1.85 | 0.18 | 0.15 | 0.19 | 1.66 | 5.67 | 10.62 | |||
| AEM | 1.35 | 0.04 | (0.04) | (0.29) | 1.77 | 3.08 | 11.67 | |||
| GZITF | 0.84 | 0.46 | 0.00 | (1.21) | 0.00 | 0.00 | 26.67 | |||
| JBL | 1.34 | 0.29 | 0.13 | 45.27 | 1.24 | 2.80 | 15.06 | |||
| EGO | 1.86 | (0.14) | 0.00 | (0.20) | 0.00 | 3.39 | 12.12 | |||
| BELFA | 1.42 | 0.01 | 0.03 | 0.11 | 1.45 | 2.71 | 17.70 | |||
| NN | 3.04 | 1.15 | 0.26 | 1.11 | 3.29 | 7.35 | 18.29 |
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