225401AY4 Correlations
| 225401AY4 | 99.10 1.58 1.57% |
The current 90-days correlation between CS 6373 15 and MagnaChip Semiconductor is 0.05 (i.e., Significant diversification). The correlation of 225401AY4 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.
225401AY4 Correlation With Market
Good diversification
The correlation between CS 6373 15 JUL 26 and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CS 6373 15 JUL 26 and DJI in the same portfolio, assuming nothing else is changed.
225401AY4 |
The ability to find closely correlated positions to 225401AY4 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 225401AY4 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 225401AY4 - 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 CS 6373 15 JUL 26 to buy it.
Moving together with 225401AY4 Bond
| 0.67 | GILT | Gilat Satellite Networks | PairCorr |
| 0.88 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.86 | BA | Boeing | PairCorr |
Moving against 225401AY4 Bond
| 0.85 | HPQ | HP Inc | PairCorr |
| 0.83 | JNJ | Johnson Johnson | PairCorr |
| 0.8 | AA | Alcoa Corp | PairCorr |
| 0.76 | TRV | The Travelers Companies | PairCorr |
| 0.76 | INTC | Intel | PairCorr |
| 0.69 | VZ | Verizon Communications | PairCorr |
| 0.55 | VLY | Valley National Bancorp | PairCorr |
| 0.53 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.46 | PG | Procter Gamble | PairCorr |
| 0.46 | CVX | Chevron Corp Earnings Call Today | PairCorr |
| 0.31 | MRK | Merck Company Earnings Call This Week | PairCorr |
Related Correlations Analysis
| -0.17 | -0.17 | 0.0 | 0.3 | -0.08 | 0.64 | MX | ||
| -0.17 | 0.83 | 0.0 | 0.17 | -0.61 | -0.19 | TSMWF | ||
| -0.17 | 0.83 | 0.0 | 0.01 | -0.51 | -0.12 | ROOOF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CCGY | ||
| 0.3 | 0.17 | 0.01 | 0.0 | -0.4 | -0.03 | NDCVF | ||
| -0.08 | -0.61 | -0.51 | 0.0 | -0.4 | 0.12 | VGAS | ||
| 0.64 | -0.19 | -0.12 | 0.0 | -0.03 | 0.12 | VSH | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 225401AY4 Bond performing well and 225401AY4 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 225401AY4'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MX | 2.19 | (0.35) | 0.00 | (0.18) | 0.00 | 4.98 | 13.38 | |||
| TSMWF | 0.90 | 0.47 | 0.00 | (1.91) | 0.00 | 0.00 | 30.21 | |||
| ROOOF | 2.82 | 0.77 | 0.13 | (3.53) | 2.30 | 9.09 | 21.59 | |||
| CCGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NDCVF | 1.56 | 0.11 | 0.00 | (1.25) | 2.05 | 5.76 | 16.85 | |||
| VGAS | 2.55 | (0.04) | 0.00 | 0.45 | 0.00 | 5.14 | 14.56 | |||
| VSH | 1.77 | (0.12) | 0.00 | (0.12) | 0.00 | 4.85 | 11.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 225401AY4 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?
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