37045XEB8 Correlations

37045XEB8

101.60 1.16 1.13%

The current 90-days correlation between 37045XEB8 and Sun Country Airlines is -0.03 (i.e., Good diversification). The correlation of 37045XEB8 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.

37045XEB8 Correlation With Market

Significant diversification

The correlation between GM 6 09 JAN 28 and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GM 6 09 JAN 28 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 37045XEB8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 37045XEB8 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 37045XEB8 - 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 GM 6 09 JAN 28 to buy it.

Moving together with 37045XEB8 Bond

0.77	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.66	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr

Moving against 37045XEB8 Bond

0.83	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.82	WMT	Walmart Aggressive Push	Pair Corr
0.79	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.79	DIS	Walt Disney	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.73	HD	Home Depot	Pair Corr
0.72	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.35	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.31	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	SNCY	AWLCF	KSMRF	AINSF	MYPS	EA	EVVTY	JBLU
SNCY		-0.49	0.0	-0.78	0.29	0.78	-0.62	0.19	SNCY
AWLCF	-0.49		0.0	0.57	-0.73	-0.78	0.46	-0.13	AWLCF
KSMRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KSMRF
AINSF	-0.78	0.57	0.0		-0.25	-0.62	0.8	-0.57	AINSF
MYPS	0.29	-0.73	0.0	-0.25		0.65	-0.23	-0.09	MYPS
EA	0.78	-0.78	0.0	-0.62	0.65		-0.5	-0.04	EA
EVVTY	-0.62	0.46	0.0	0.8	-0.23	-0.5		-0.62	EVVTY
JBLU	0.19	-0.13	0.0	-0.57	-0.09	-0.04	-0.62		JBLU
	SNCY	AWLCF	KSMRF	AINSF	MYPS	EA	EVVTY	JBLU

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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

EVVTY	+ 0.8	AINSF
EA	+ 0.78	SNCY
EA	+ 0.65	MYPS
AINSF	+ 0.57	AWLCF
EVVTY	+ 0.46	AWLCF
MYPS	+ 0.29	SNCY

High negative correlations

EA	- 0.78	AWLCF
AINSF	- 0.78	SNCY
MYPS	- 0.73	AWLCF
JBLU	- 0.62	EVVTY
EA	- 0.62	AINSF
EVVTY	- 0.62	SNCY

Risk-Adjusted Indicators

There is a big difference between 37045XEB8 Bond performing well and 37045XEB8 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 37045XEB8'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
SNCY	2.76	0.47	0.18	0.44	2.56	(3.29)	8.41	(4.50)	16.71
AWLCF	0.08	(0.05)	0.00	(32.30)	0.00	0.00	0.00	0.00	2.54
KSMRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AINSF	1.35	(0.43)	0.00	(0.96)	0.00	0.00	2.13	(4.08)	11.12
MYPS	2.43	0.14	0.07	0.20	2.77	(2.95)	6.17	(5.00)	14.58
EA	0.83	0.14	0.05	0.48	1.15	(0.81)	1.64	(1.68)	4.73
EVVTY	1.27	(0.23)	0.00	(1.10)	0.00	0.00	1.54	(2.89)	19.65
JBLU	2.99	0.25	0.08	0.25	4.04	(3.19)	7.53	(6.73)	31.32

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Our tools can tell you how much better you can do entering a position in 37045XEB8 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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