63861CAA7 Correlations
| 63861CAA7 | 93.36 6.57 6.57% |
The current 90-days correlation between Mr Cooper Group and Kulicke and Soffa is 0.08 (i.e., Significant diversification). The correlation of 63861CAA7 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.
63861CAA7 Correlation With Market
Significant diversification
The correlation between Mr Cooper Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mr Cooper Group and DJI in the same portfolio, assuming nothing else is changed.
63861CAA7 |
The ability to find closely correlated positions to 63861CAA7 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 63861CAA7 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 63861CAA7 - 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 Mr Cooper Group to buy it.
Moving together with 63861CAA7 Bond
| 0.71 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.61 | KO | Coca Cola Sell-off Trend | PairCorr |
Moving against 63861CAA7 Bond
| 0.67 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.64 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.63 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.56 | WMT | Walmart Aggressive Push | PairCorr |
| 0.54 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.52 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.49 | T | ATT Inc Aggressive Push | PairCorr |
| 0.42 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.35 | HPQ | HP Inc | PairCorr |
Related Correlations Analysis
| -0.07 | -0.56 | -0.19 | 0.36 | -0.7 | KLIC | ||
| -0.07 | 0.71 | 0.6 | 0.62 | 0.23 | ADI | ||
| -0.56 | 0.71 | 0.66 | 0.27 | 0.5 | MX | ||
| -0.19 | 0.6 | 0.66 | 0.4 | -0.12 | AEHR | ||
| 0.36 | 0.62 | 0.27 | 0.4 | -0.38 | ARM | ||
| -0.7 | 0.23 | 0.5 | -0.12 | -0.38 | VINS | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 63861CAA7 Bond performing well and 63861CAA7 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 63861CAA7'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KLIC | 1.95 | (0.05) | 0.02 | 0.09 | 2.43 | 4.74 | 11.34 | |||
| ADI | 1.54 | (0.26) | 0.00 | (0.05) | 0.00 | 2.90 | 9.32 | |||
| MX | 1.86 | (0.19) | 0.00 | (0.55) | 0.00 | 4.02 | 17.81 | |||
| AEHR | 3.60 | (0.47) | 0.00 | (0.11) | 0.00 | 7.27 | 34.55 | |||
| ARM | 2.71 | (0.17) | (0.01) | 0.04 | 3.86 | 5.88 | 18.78 | |||
| VINS | 0.19 | (0.11) | 0.00 | (2.45) | 0.00 | 0.00 | 6.25 |
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