42225UAF1 Correlations

Bonds . USA . 
Bond . HEALTHCARE TR AMER
42225UAF1   94.37  2.72  2.80%   
The current 90-days correlation between HEALTHCARE TR AMER and Sonos Inc is -0.29 (i.e., Very good diversification). The correlation of 42225UAF1 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.

42225UAF1 Correlation With Market

Good diversification

The correlation between HEALTHCARE TR AMER and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HEALTHCARE TR AMER and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to 42225UAF1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 42225UAF1 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 42225UAF1 - 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 HEALTHCARE TR AMER to buy it.

Moving against 42225UAF1 Bond

  0.47JPM JPMorgan Chase Sell-off TrendPairCorr
  0.45WMT Walmart Aggressive PushPairCorr
  0.42BAC Bank of America Aggressive PushPairCorr
  0.31AXP American Express Fiscal Year End 24th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
ZH
+ 0.83
WIMI
NTGR
+ 0.78
SONO
MSN
+ 0.58
WIMI
MAT
+ 0.34
MSN
WIMI
+ 0.31
LTH
MSN
+ 0.31
ZH
  
High negative correlations   
MAT
- 0.4
LTH
ZH
- 0.15
SONO
WIMI
- 0.12
SONO
LTH
- 0.02
SONO
MSN
- 0.0
NTGR

Risk-Adjusted Indicators

There is a big difference between 42225UAF1 Bond performing well and 42225UAF1 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 42225UAF1'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in 42225UAF1 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.

Did you try this?

Run Equity Valuation Now

   

Equity Valuation

Check real value of public entities based on technical and fundamental data
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY