50249AAH6 Correlations

50249AAH6

75.25 4.66 5.83%

The current 90-days correlation between LYB INTERNATIONAL FINANCE and Vita Coco is -0.08 (i.e., Good diversification). The correlation of 50249AAH6 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.

50249AAH6 Correlation With Market

Significant diversification

The correlation between LYB INTERNATIONAL FINANCE and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LYB INTERNATIONAL FINANCE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 50249AAH6 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 50249AAH6 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 50249AAH6 - 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 LYB INTERNATIONAL FINANCE to buy it.

Moving against 50249AAH6 Bond

0.82	CHH	Choice Hotels Intern	Pair Corr
0.81	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.81	KMKNX	Kinetics Market Oppo Steady Growth	Pair Corr
0.8	IONQ	IONQ Inc	Pair Corr
0.79	ADSK	Autodesk	Pair Corr
0.78	FSRBX	Banking Portfolio Banking	Pair Corr
0.77	VSTO	Vista Outdoor	Pair Corr
0.75	NVDA	NVIDIA	Pair Corr
0.75	TEGYX	Mid Cap Growth	Pair Corr
0.73	AXON	Axon Enterprise	Pair Corr
0.71	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.7	WCEYX	Ivy E Equity	Pair Corr
0.69	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.66	CRMD	CorMedix	Pair Corr
0.66	HFCGX	Hennessy Nerstone Growth	Pair Corr
0.63	PRDSX	T Rowe Price	Pair Corr
0.53	APLD	Applied Blockchain	Pair Corr
0.52	GAB	Gabelli Equity Trust	Pair Corr
0.51	ZTEK	ZEN Graphene Solutions	Pair Corr
0.5	TBBK	Bancorp Normal Trading	Pair Corr
0.47	LUMN	Lumen Technologies	Pair Corr
0.35	PDYN	Palladyne AI Corp Symbol Change	Pair Corr

Related Correlations Analysis

	COCO	MJWNY	IPXXU	SNDL	SBRA	FIZZ	SEIC	CATWF
COCO		-0.02	0.73	0.03	0.65	0.84	0.94	0.0	COCO
MJWNY	-0.02		-0.51	-0.17	-0.31	0.2	-0.06	0.0	MJWNY
IPXXU	0.73	-0.51		0.01	0.52	0.52	0.81	0.0	IPXXU
SNDL	0.03	-0.17	0.01		0.36	-0.05	0.02	0.0	SNDL
SBRA	0.65	-0.31	0.52	0.36		0.48	0.6	0.0	SBRA
FIZZ	0.84	0.2	0.52	-0.05	0.48		0.82	0.0	FIZZ
SEIC	0.94	-0.06	0.81	0.02	0.6	0.82		0.0	SEIC
CATWF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CATWF
	COCO	MJWNY	IPXXU	SNDL	SBRA	FIZZ	SEIC	CATWF

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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

SEIC	+ 0.94	COCO
FIZZ	+ 0.84	COCO
SEIC	+ 0.82	FIZZ
SEIC	+ 0.81	IPXXU
IPXXU	+ 0.73	COCO
SBRA	+ 0.65	COCO

High negative correlations

IPXXU	- 0.51	MJWNY
SBRA	- 0.31	MJWNY
SNDL	- 0.17	MJWNY
SEIC	- 0.06	MJWNY
FIZZ	- 0.05	SNDL
MJWNY	- 0.02	COCO

Risk-Adjusted Indicators

There is a big difference between 50249AAH6 Bond performing well and 50249AAH6 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 50249AAH6'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
COCO	1.62	0.46	0.19	1.05	1.54	(1.77)	3.72	(3.13)	11.39
MJWNY	0.47	0.00	0.00	0.11	0.00	0.00	0.00	0.00	14.59
IPXXU	0.04	0.00	0.00	(0.20)	0.00	0.00	0.28	0.00	0.65
SNDL	2.04	(0.11)	0.00	(0.10)	0.00	0.00	3.86	(3.88)	24.46
SBRA	1.18	0.22	0.05	(2.05)	1.60	(1.17)	2.51	(2.50)	8.78
FIZZ	0.95	0.10	0.02	0.37	1.05	(0.99)	2.21	(1.89)	6.35
SEIC	0.80	0.22	0.20	0.38	0.56	(0.95)	1.57	(1.56)	7.23
CATWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in 50249AAH6 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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