665859AX2 Correlations

665859AX2

104.66 2.28 2.13%

The current 90-days correlation between NTRS 6125 02 and LithiumBank Resources Corp is 0.14 (i.e., Average diversification). The correlation of 665859AX2 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.

665859AX2 Correlation With Market

Good diversification

The correlation between NTRS 6125 02 NOV 32 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 NTRS 6125 02 NOV 32 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 665859AX2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 665859AX2 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 665859AX2 - 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 NTRS 6125 02 NOV 32 to buy it.

Moving together with 665859AX2 Bond

0.75	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.72	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.85	KO	Coca Cola Aggressive Push	Pair Corr

Moving against 665859AX2 Bond

0.85	WMT	Walmart Aggressive Push	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.84	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.81	HPQ	HP Inc	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr
0.79	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.66	HD	Home Depot	Pair Corr

Related Correlations Analysis

	LBNKF	BCBP	ECPG	BBDC	SE	UVSP	RERE	LULU
LBNKF		-0.51	0.1	-0.12	-0.77	-0.64	-0.4	-0.82	LBNKF
BCBP	-0.51		0.61	0.4	0.53	0.87	-0.02	0.59	BCBP
ECPG	0.1	0.61		0.29	-0.12	0.63	-0.45	0.15	ECPG
BBDC	-0.12	0.4	0.29		0.27	0.32	0.01	0.08	BBDC
SE	-0.77	0.53	-0.12	0.27		0.53	0.52	0.77	SE
UVSP	-0.64	0.87	0.63	0.32	0.53		0.01	0.71	UVSP
RERE	-0.4	-0.02	-0.45	0.01	0.52	0.01		0.19	RERE
LULU	-0.82	0.59	0.15	0.08	0.77	0.71	0.19		LULU
	LBNKF	BCBP	ECPG	BBDC	SE	UVSP	RERE	LULU

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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

UVSP	+ 0.87	BCBP
LULU	+ 0.77	SE
LULU	+ 0.71	UVSP
UVSP	+ 0.63	ECPG
ECPG	+ 0.61	BCBP
LULU	+ 0.59	BCBP

High negative correlations

LULU	- 0.82	LBNKF
SE	- 0.77	LBNKF
UVSP	- 0.64	LBNKF
BCBP	- 0.51	LBNKF
RERE	- 0.45	ECPG
RERE	- 0.4	LBNKF

Risk-Adjusted Indicators

There is a big difference between 665859AX2 Bond performing well and 665859AX2 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 665859AX2'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
LBNKF	3.57	(0.93)	0.00	4.27	0.00	0.00	6.67	(9.09)	18.37
BCBP	1.48	(0.09)	0.01	0.07	1.91	(1.71)	3.54	(2.74)	12.18
ECPG	1.32	(0.19)	0.00	(0.03)	0.00	0.00	2.57	(2.42)	9.26
BBDC	0.70	0.07	(0.06)	(1.64)	0.75	(0.75)	1.34	(1.12)	3.87
SE	1.63	0.47	0.21	2.47	1.42	(1.96)	4.65	(2.83)	13.28
UVSP	1.50	(0.04)	0.05	0.10	1.58	(1.93)	3.37	(2.72)	18.49
RERE	2.89	0.28	0.07	0.67	2.93	(3.43)	8.20	(4.78)	20.09
LULU	1.70	0.24	0.09	0.53	1.81	(1.78)	3.24	(3.10)	11.09

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Our tools can tell you how much better you can do entering a position in 665859AX2 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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