GENERAL Correlations

36966TCP5

100.63 2.08 2.11%

The correlation of GENERAL 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.

GENERAL Correlation With Market

Average diversification

The correlation between GENERAL ELEC CAP and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GENERAL ELEC CAP and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to GENERAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GENERAL 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 GENERAL - 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 GENERAL ELEC CAP to buy it.

Moving together with GENERAL Bond

0.62

00108WAF7

AEP TEX INC

Pair Corr

Moving against GENERAL Bond

0.75	KTOS	Kratos Defense Security Earnings Call This Week	Pair Corr
0.63	HSEEF	Hill Street Beverage	Pair Corr
0.53	VTIP	Vanguard Short Term	Pair Corr
0.46	DAN	Dana Inc	Pair Corr
0.4	517834AH0	US517834AH06	Pair Corr

Related Correlations Analysis

	BWA	HURC	GNTX	ZM	JELD	CARS	DOOO	CECO
BWA		0.5	0.86	0.08	0.69	0.62	-0.03	-0.06	BWA
HURC	0.5		0.28	0.18	0.5	0.57	-0.52	-0.13	HURC
GNTX	0.86	0.28		-0.03	0.64	0.44	0.14	-0.04	GNTX
ZM	0.08	0.18	-0.03		-0.27	0.56	-0.26	0.31	ZM
JELD	0.69	0.5	0.64	-0.27		0.22	-0.1	-0.34	JELD
CARS	0.62	0.57	0.44	0.56	0.22		-0.22	0.43	CARS
DOOO	-0.03	-0.52	0.14	-0.26	-0.1	-0.22		0.34	DOOO
CECO	-0.06	-0.13	-0.04	0.31	-0.34	0.43	0.34		CECO
	BWA	HURC	GNTX	ZM	JELD	CARS	DOOO	CECO

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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

GNTX	+ 0.86	BWA
JELD	+ 0.69	BWA
JELD	+ 0.64	GNTX
CARS	+ 0.62	BWA
CARS	+ 0.57	HURC
CARS	+ 0.56	ZM

High negative correlations

DOOO	- 0.52	HURC
CECO	- 0.34	JELD
JELD	- 0.27	ZM
DOOO	- 0.26	ZM
DOOO	- 0.22	CARS
CECO	- 0.13	HURC

Risk-Adjusted Indicators

There is a big difference between GENERAL Bond performing well and GENERAL 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 GENERAL'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
BWA	1.38	(0.19)	0.00	(0.33)	0.00	0.00	2.19	(3.14)	7.00
HURC	1.96	0.06	0.01	0.18	2.19	(1.97)	4.27	(3.42)	14.38
GNTX	1.15	(0.33)	0.00	(0.47)	0.00	0.00	2.19	(2.11)	11.26
ZM	1.66	0.18	0.08	0.32	1.81	(1.85)	3.67	(3.01)	12.08
JELD	2.86	(0.49)	0.00	0.46	0.00	0.00	5.54	(5.75)	30.36
CARS	1.65	0.08	0.03	0.18	1.78	(1.85)	4.66	(2.94)	10.37
DOOO	1.86	(0.20)	0.00	(0.38)	0.00	0.00	3.49	(4.36)	14.05
CECO	2.14	0.29	0.08	2.69	2.51	(2.37)	4.34	(3.99)	17.86

Be your own money manager

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