459200KX8 Correlations
| 459200KX8 | 99.90 0.32 0.32% |
The current 90-days correlation between IBM 45 06 and Hawkins is 0.14 (i.e., Average diversification). The correlation of 459200KX8 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.
459200KX8 Correlation With Market
Good diversification
The correlation between IBM 45 06 FEB 28 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 IBM 45 06 FEB 28 and DJI in the same portfolio, assuming nothing else is changed.
459200KX8 |
The ability to find closely correlated positions to 459200KX8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 459200KX8 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 459200KX8 - 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 IBM 45 06 FEB 28 to buy it.
Moving together with 459200KX8 Bond
| 0.7 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.7 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.83 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against 459200KX8 Bond
| 0.82 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.77 | HPQ | HP Inc | PairCorr |
| 0.75 | WMT | Walmart Aggressive Push | PairCorr |
| 0.75 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.72 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.7 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.61 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.55 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 0.0 | 0.66 | -0.12 | 0.45 | -0.4 | 0.11 | HWKN | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HRDIL | ||
| 0.66 | 0.0 | -0.12 | 0.87 | -0.11 | 0.61 | AVNT | ||
| -0.12 | 0.0 | -0.12 | 0.15 | 0.03 | 0.31 | STBGY | ||
| 0.45 | 0.0 | 0.87 | 0.15 | -0.01 | 0.71 | SXT | ||
| -0.4 | 0.0 | -0.11 | 0.03 | -0.01 | 0.42 | NCMI | ||
| 0.11 | 0.0 | 0.61 | 0.31 | 0.71 | 0.42 | SEE | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 459200KX8 Bond performing well and 459200KX8 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 459200KX8'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HWKN | 1.68 | (0.10) | 0.01 | 0.07 | 2.48 | 3.32 | 12.56 | |||
| HRDIL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVNT | 1.35 | (0.05) | 0.02 | 0.09 | 1.45 | 2.92 | 7.68 | |||
| STBGY | 0.26 | (0.08) | 0.00 | (2.45) | 0.00 | 0.00 | 9.56 | |||
| SXT | 1.05 | (0.10) | (0.03) | 0.05 | 1.26 | 2.14 | 8.84 | |||
| NCMI | 1.54 | 0.04 | (0.04) | (0.06) | 2.39 | 3.49 | 14.85 | |||
| SEE | 1.20 | (0.02) | (0.02) | 0.09 | 1.47 | 2.26 | 8.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 459200KX8 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?
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