GENERAL Correlations

37045VAT7

85.76 8.58 9.09%

The current 90-days correlation between GENERAL MTRS 595 and Ryanair Holdings PLC is -0.04 (i.e., Good diversification). 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 MTRS 595 and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GENERAL MTRS 595 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 MTRS 595 to buy it.

Moving together with GENERAL Bond

0.65	HD	Home Depot	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.69	HPQ	HP Inc Earnings Call Today	Pair Corr
0.82	AA	Alcoa Corp	Pair Corr
0.69	CAT	Caterpillar	Pair Corr

Moving against GENERAL Bond

0.72	BA	Boeing	Pair Corr
0.51	CSCO	Cisco Systems	Pair Corr
0.38	JPM	JPMorgan Chase	Pair Corr
0.33	WMT	Walmart	Pair Corr

Related Correlations Analysis

	RYAAY	IH	STG	ZEUS	VRRM	GOLD	TORO
RYAAY		0.36	0.59	0.12	0.52	0.29	-0.29	RYAAY
IH	0.36		0.22	-0.19	0.41	0.33	-0.07	IH
STG	0.59	0.22		0.37	0.22	0.51	-0.4	STG
ZEUS	0.12	-0.19	0.37		-0.46	0.57	-0.71	ZEUS
VRRM	0.52	0.41	0.22	-0.46		0.11	0.34	VRRM
GOLD	0.29	0.33	0.51	0.57	0.11		-0.6	GOLD
TORO	-0.29	-0.07	-0.4	-0.71	0.34	-0.6		TORO
	RYAAY	IH	STG	ZEUS	VRRM	GOLD	TORO

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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

STG	+ 0.59	RYAAY
GOLD	+ 0.57	ZEUS
VRRM	+ 0.52	RYAAY
GOLD	+ 0.51	STG
VRRM	+ 0.41	IH
ZEUS	+ 0.37	STG

High negative correlations

TORO	- 0.71	ZEUS
TORO	- 0.6	GOLD
VRRM	- 0.46	ZEUS
TORO	- 0.4	STG
TORO	- 0.29	RYAAY
ZEUS	- 0.19	IH

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
RYAAY	1.35	0.05	0.03	0.18	1.51	(1.50)	3.03	(2.52)	8.97
IH	1.95	0.23	0.08	0.41	2.35	(2.08)	4.76	(4.05)	14.31
STG	3.27	0.02	0.00	(0.09)	3.96	(3.51)	5.56	(6.53)	31.71
ZEUS	1.95	(0.19)	0.00	(0.23)	0.00	0.00	4.04	(3.71)	10.92
VRRM	0.85	0.21	0.21	0.31	0.78	(0.95)	1.94	(1.27)	4.69
GOLD	1.48	0.09	0.05	0.17	1.73	(1.54)	3.03	(2.71)	9.21
TORO	2.63	0.15	0.05	(5.59)	2.61	(3.49)	5.78	(5.07)	33.44

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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