26442UAA2 Correlations

26442UAA2

98.92 0.13 0.13%

The current 90-days correlation between DUKE ENERGY PROGRESS and AEP TEX INC is -0.13 (i.e., Good diversification). The correlation of 26442UAA2 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.

26442UAA2 Correlation With Market

Significant diversification

The correlation between DUKE ENERGY PROGRESS and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DUKE ENERGY PROGRESS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 26442UAA2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 26442UAA2 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 26442UAA2 - 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 DUKE ENERGY PROGRESS to buy it.

Moving together with 26442UAA2 Bond

0.78

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against 26442UAA2 Bond

0.76	RCAT	Red Cat Holdings Trending	Pair Corr
0.75	LMND	Lemonade Trending	Pair Corr
0.63	AXON	Axon Enterprise	Pair Corr
0.61	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.57	STCE	Schwab Strategic Trust	Pair Corr
0.56	SNOW	Snowflake Trending	Pair Corr
0.47	PX	P10 Inc	Pair Corr
0.41	KULR	KULR Technology Group	Pair Corr
0.41	CPA	Copa Holdings SA	Pair Corr
0.39	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.38	GOOGL	Alphabet Class A	Pair Corr
0.33	GAB	Gabelli Equity Trust	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	GOOG	PX	SCHW	RCAT	NFLX	GVA	MRVL	DXYZ
00108WAF7		-0.08	-0.07	-0.07	-0.02	0.02	0.0	-0.08	-0.07	0.02	00108WAF7
90331HPL1	-0.08		-0.33	-0.33	-0.46	-0.59	-0.5	-0.35	-0.26	-0.62	90331HPL1
GOOG	-0.07	-0.33		0.74	0.79	0.63	0.82	0.84	0.8	0.68	GOOG
PX	-0.07	-0.33	0.74		0.87	0.74	0.89	0.91	0.83	0.7	PX
SCHW	-0.02	-0.46	0.79	0.87		0.73	0.92	0.9	0.92	0.78	SCHW
RCAT	0.02	-0.59	0.63	0.74	0.73		0.77	0.7	0.61	0.78	RCAT
NFLX	0.0	-0.5	0.82	0.89	0.92	0.77		0.92	0.88	0.81	NFLX
GVA	-0.08	-0.35	0.84	0.91	0.9	0.7	0.92		0.92	0.77	GVA
MRVL	-0.07	-0.26	0.8	0.83	0.92	0.61	0.88	0.92		0.7	MRVL
DXYZ	0.02	-0.62	0.68	0.7	0.78	0.78	0.81	0.77	0.7		DXYZ
	00108WAF7	90331HPL1	GOOG	PX	SCHW	RCAT	NFLX	GVA	MRVL	DXYZ

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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

NFLX	+ 0.92	SCHW
MRVL	+ 0.92	SCHW
GVA	+ 0.92	NFLX
MRVL	+ 0.92	GVA
GVA	+ 0.91	PX
GVA	+ 0.9	SCHW

High negative correlations

DXYZ	- 0.62	90331HPL1
RCAT	- 0.59	90331HPL1
NFLX	- 0.5	90331HPL1
SCHW	- 0.46	90331HPL1
GVA	- 0.35	90331HPL1
PX	- 0.33	90331HPL1

Risk-Adjusted Indicators

There is a big difference between 26442UAA2 Bond performing well and 26442UAA2 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 26442UAA2'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	1.27	0.17	0.04	(1.01)	1.40	(1.38)	3.24	(2.55)	10.75
90331HPL1	0.32	(0.06)	0.00	(0.14)	0.00	0.00	0.32	(0.85)	6.93
GOOG	1.13	0.00	(0.01)	0.08	1.57	(1.04)	2.21	(1.96)	5.99
PX	1.28	0.32	0.23	0.39	0.95	(1.50)	3.51	(2.14)	7.03
SCHW	1.07	0.26	0.21	0.36	0.69	(1.18)	2.77	(1.39)	9.62
RCAT	5.69	1.36	0.24	2.42	4.93	(7.40)	13.75	(8.36)	29.03
NFLX	1.29	0.30	0.19	0.50	1.16	(1.50)	2.80	(2.33)	13.04
GVA	1.08	0.40	0.40	0.42	0.46	(1.36)	2.88	(1.32)	6.13
MRVL	2.26	0.26	0.13	0.22	2.41	(2.55)	4.66	(3.76)	17.34
DXYZ	7.21	1.74	0.30	0.36	5.91	(9.51)	24.07	(11.59)	92.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in 26442UAA2 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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