22966RAE6 Correlations

22966RAE6

93.23 4.14 4.25%

The current 90-days correlation between CUBESMART L P and AEP TEX INC is 0.27 (i.e., Modest diversification). The correlation of 22966RAE6 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.

The ability to find closely correlated positions to 22966RAE6 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 22966RAE6 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 22966RAE6 - 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 CUBESMART L P to buy it.

Moving against 22966RAE6 Bond

0.82	MNPR	Monopar Therapeutics	Pair Corr
0.81	JPM	JPMorgan Chase	Pair Corr
0.78	AXP	American Express	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.65	WMT	Walmart Aggressive Push	Pair Corr
0.6	BA	Boeing	Pair Corr
0.47	IBM	International Business Upward Rally	Pair Corr
0.47	BAC	Bank of America Sell-off Trend	Pair Corr
0.35	DNOW	Now Inc	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	BLK	ULTA	GRAB	SPGI	CSCO	BSIIU	BKKT	HQY
00108WAF7		-0.03	0.17	0.07	0.16	0.16	0.16	0.18	0.1	0.26	00108WAF7
90331HPL1	-0.03		0.17	-0.06	0.27	-0.16	-0.46	-0.22	-0.06	-0.46	90331HPL1
BLK	0.17	0.17		0.24	0.58	0.65	0.33	0.4	0.31	0.33	BLK
ULTA	0.07	-0.06	0.24		0.01	0.01	0.53	0.64	0.37	0.03	ULTA
GRAB	0.16	0.27	0.58	0.01		0.6	0.3	0.4	0.68	0.42	GRAB
SPGI	0.16	-0.16	0.65	0.01	0.6		0.58	0.4	0.41	0.68	SPGI
CSCO	0.16	-0.46	0.33	0.53	0.3	0.58		0.66	0.61	0.76	CSCO
BSIIU	0.18	-0.22	0.4	0.64	0.4	0.4	0.66		0.57	0.47	BSIIU
BKKT	0.1	-0.06	0.31	0.37	0.68	0.41	0.61	0.57		0.52	BKKT
HQY	0.26	-0.46	0.33	0.03	0.42	0.68	0.76	0.47	0.52		HQY
	00108WAF7	90331HPL1	BLK	ULTA	GRAB	SPGI	CSCO	BSIIU	BKKT	HQY

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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

HQY	+ 0.76	CSCO
BKKT	+ 0.68	GRAB
HQY	+ 0.68	SPGI
BSIIU	+ 0.66	CSCO
SPGI	+ 0.65	BLK
BSIIU	+ 0.64	ULTA

High negative correlations

HQY	- 0.46	90331HPL1
CSCO	- 0.46	90331HPL1
BSIIU	- 0.22	90331HPL1
SPGI	- 0.16	90331HPL1
BKKT	- 0.06	90331HPL1
ULTA	- 0.06	90331HPL1

Risk-Adjusted Indicators

There is a big difference between 22966RAE6 Bond performing well and 22966RAE6 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 22966RAE6'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
BLK	0.96	0.07	0.03	0.19	1.16	(1.02)	1.85	(2.08)	6.92
ULTA	1.62	0.21	0.07	8.76	1.55	(1.92)	4.23	(3.16)	12.40
GRAB	2.05	0.18	0.04	0.56	2.53	(2.27)	4.82	(3.47)	22.23
SPGI	0.75	0.05	0.00	0.19	0.79	(0.80)	1.63	(1.39)	4.29
CSCO	0.72	0.10	0.03	0.57	1.12	(0.74)	1.54	(1.56)	8.11
BSIIU	0.14	0.01	(0.21)	(3.26)	0.12	(0.36)	0.40	(0.30)	2.08
BKKT	8.37	2.15	0.25	(1.80)	6.94	(10.69)	12.56	(12.47)	190.76
HQY	1.47	0.33	0.13	0.81	1.74	(1.60)	3.43	(2.56)	15.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in 22966RAE6 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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