EXELON Correlations

Bonds USA . 
Bond . EXELON P 51
30161NAS0   92.57  2.47  2.60%   
The current 90-days correlation between EXELON P 51 and AEP TEX INC is -0.15 (i.e., Good diversification). The correlation of EXELON 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.

EXELON Correlation With Market

Good diversification

The correlation between EXELON P 51 and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EXELON P 51 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to EXELON could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EXELON 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 EXELON - 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 EXELON P 51 to buy it.

Moving against EXELON Bond

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  0.6FBNC First Bancorp Normal TradingPairCorr
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  0.4MPX Marine Products Fiscal Year End 23rd of January 2025 PairCorr
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  0.75IGV iShares Expanded TechPairCorr
  0.72TEGYX Mid Cap GrowthPairCorr
  0.72WCPSX Mobile TelecommunicatioPairCorr
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  0.69MVPS Amplify Thematic AllPairCorr
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  0.67SCHG Schwab Large CapPairCorr
  0.65VSEQX Vanguard Strategic EquityPairCorr
  0.65SDGTX Deutsche Capital GrowthPairCorr
  0.64WCEYX Ivy E EquityPairCorr
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  0.59PRDSX T Rowe PricePairCorr
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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   
PLTR
+ 0.95
CHRRF
VRT
+ 0.94
CHRRF
PLTR
+ 0.93
BX
BX
+ 0.92
CHRRF
VRT
+ 0.92
BX
PLTR
+ 0.91
VRT
  
High negative correlations   
VRT
- 0.66
NTRR
BX
- 0.61
NTRR
NTRR
- 0.59
APLD
CHRRF
- 0.54
NTRR
PLTR
- 0.53
NTRR
WBD
- 0.5
90331HPL1

Risk-Adjusted Indicators

There is a big difference between EXELON Bond performing well and EXELON 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 EXELON'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
00108WAF7  1.31  0.14  0.02  2.80  1.57 
(1.42)
 3.24 
(2.55)
 10.75 
90331HPL1  0.33 (0.03) 0.00 (0.13) 0.00 
 0.00 
 0.45 
(0.85)
 6.98 
APLD  7.38  1.31  0.23  0.57  6.01 
(9.11)
 11.30 
(8.85)
 81.01 
NTRR  8.95  2.15  0.00 (0.27) 0.00 
 0.00 
 0.00 
(50.00)
 150.00 
CHRRF  0.78  0.30  0.15 (1.40) 0.16 
(1.64)
 2.45 
(1.26)
 7.04 
WBD  2.29  0.34  0.10  2.92  2.20 
(2.71)
 5.42 
(3.45)
 18.30 
GABC  1.29 (0.01) 0.07  0.11  1.20 
(1.54)
 2.72 
(2.21)
 16.97 
BX  1.32  0.29  0.24  0.32  0.96 
(1.53)
 3.21 
(2.21)
 9.25 
VRT  2.42  0.52  0.20  0.38  2.46 
(2.65)
 5.87 
(4.39)
 20.36 
PLTR  2.56  0.99  0.47  0.59  1.44 
(3.07)
 8.61 
(2.80)
 30.33 

Be your own money manager

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