681936BN9 Correlations

681936BN9

73.88 10.29 12.23%

The current 90-days correlation between OHI 325 15 and AEP TEX INC is -0.28 (i.e., Very good diversification). The correlation of 681936BN9 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.

681936BN9 Correlation With Market

Significant diversification

The correlation between OHI 325 15 APR 33 and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OHI 325 15 APR 33 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 681936BN9 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 681936BN9 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 681936BN9 - 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 OHI 325 15 APR 33 to buy it.

Moving together with 681936BN9 Bond

0.62

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against 681936BN9 Bond

0.69	MNPR	Monopar Therapeutics	Pair Corr
0.59	AXP	American Express	Pair Corr
0.59	CSCO	Cisco Systems	Pair Corr
0.51	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	ACI	CPRT	JEF	MRVL	KAVL	V	AAL	KOPN
00108WAF7		-0.03	0.08	0.21	0.19	0.09	0.07	0.25	0.1	0.15	00108WAF7
90331HPL1	-0.03		-0.33	0.16	0.16	-0.26	-0.68	-0.27	-0.33	-0.35	90331HPL1
ACI	0.08	-0.33		0.31	0.53	0.66	0.31	0.72	0.66	0.64	ACI
CPRT	0.21	0.16	0.31		0.83	0.39	-0.54	0.59	0.33	0.33	CPRT
JEF	0.19	0.16	0.53	0.83		0.66	-0.33	0.77	0.62	0.57	JEF
MRVL	0.09	-0.26	0.66	0.39	0.66		0.24	0.68	0.9	0.74	MRVL
KAVL	0.07	-0.68	0.31	-0.54	-0.33	0.24		0.14	0.31	0.3	KAVL
V	0.25	-0.27	0.72	0.59	0.77	0.68	0.14		0.7	0.78	V
AAL	0.1	-0.33	0.66	0.33	0.62	0.9	0.31	0.7		0.76	AAL
KOPN	0.15	-0.35	0.64	0.33	0.57	0.74	0.3	0.78	0.76		KOPN
	00108WAF7	90331HPL1	ACI	CPRT	JEF	MRVL	KAVL	V	AAL	KOPN

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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

AAL	+ 0.9	MRVL
JEF	+ 0.83	CPRT
KOPN	+ 0.78	V
V	+ 0.77	JEF
KOPN	+ 0.76	AAL
KOPN	+ 0.74	MRVL

High negative correlations

KAVL	- 0.68	90331HPL1
KAVL	- 0.54	CPRT
KOPN	- 0.35	90331HPL1
KAVL	- 0.33	JEF
AAL	- 0.33	90331HPL1
ACI	- 0.33	90331HPL1

Risk-Adjusted Indicators

There is a big difference between 681936BN9 Bond performing well and 681936BN9 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 681936BN9'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
00108WAF7	1.53	0.17	0.03	(0.32)	2.23	(1.72)	5.36	(2.57)	15.83
90331HPL1	0.48	(0.02)	0.00	(0.62)	0.00	0.00	1.64	(1.87)	7.38
ACI	1.11	0.09	0.02	0.60	1.27	(1.13)	2.57	(2.12)	7.71
CPRT	1.03	0.13	0.08	0.32	0.95	(1.19)	1.86	(1.95)	13.00
JEF	1.47	0.21	0.08	0.30	2.30	(1.51)	2.80	(2.26)	21.97
MRVL	2.90	0.46	0.09	0.78	4.54	(3.01)	5.82	(5.71)	42.29
KAVL	5.28	0.94	0.10	(0.34)	6.18	(6.59)	12.00	(9.30)	48.79
V	0.73	0.24	0.21	1.42	0.55	(0.86)	1.65	(1.15)	7.49
AAL	1.90	0.48	0.15	(2.15)	2.21	(2.19)	3.76	(3.87)	25.54
KOPN	5.20	1.32	0.24	2.02	4.48	(6.56)	13.95	(8.37)	34.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in 681936BN9 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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