294429AV7 Correlations
| 294429AV7 | 96.86 3.89 3.86% |
The current 90-days correlation between EFX 51 15 and Sensient Technologies is 0.09 (i.e., Significant diversification). The correlation of 294429AV7 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.
294429AV7 Correlation With Market
Good diversification
The correlation between EFX 51 15 DEC 27 and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EFX 51 15 DEC 27 and DJI in the same portfolio, assuming nothing else is changed.
294429AV7 |
The ability to find closely correlated positions to 294429AV7 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 294429AV7 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 294429AV7 - 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 EFX 51 15 DEC 27 to buy it.
Moving together with 294429AV7 Bond
| 0.75 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.74 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.79 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against 294429AV7 Bond
| 0.84 | WMT | Walmart Aggressive Push | PairCorr |
| 0.83 | DIS | Walt Disney | PairCorr |
| 0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.75 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | HPQ | HP Inc | PairCorr |
| 0.74 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.63 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.62 | HD | Home Depot | PairCorr |
Related Correlations Analysis
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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 294429AV7 Bond performing well and 294429AV7 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 294429AV7'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SXT | 1.05 | (0.08) | (0.02) | 0.04 | 1.27 | 2.14 | 8.84 | |||
| HWKN | 1.68 | (0.13) | (0.01) | 0.04 | 2.51 | 3.27 | 12.56 | |||
| MOS | 1.71 | (0.15) | 0.00 | (0.10) | 0.00 | 4.43 | 13.10 | |||
| AXTA | 1.18 | 0.10 | 0.06 | 0.19 | 1.20 | 2.81 | 10.92 | |||
| CHBAY | 0.21 | 0.02 | 0.00 | 0.38 | 0.00 | 0.00 | 10.86 | |||
| AFSIP | 1.02 | 0.11 | 0.01 | 5.74 | 1.33 | 2.92 | 7.09 | |||
| ECPG | 1.34 | (0.16) | 0.00 | (0.02) | 0.00 | 3.27 | 9.26 | |||
| AROW | 1.68 | 0.01 | 0.07 | 0.10 | 1.77 | 3.73 | 17.84 |
Be your own money manager
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