68235PAF5 Correlations
| 68235PAF5 | 92.44 5.75 6.63% |
The current 90-days correlation between ONE GAS INC and Diageo PLC ADR is 0.08 (i.e., Significant diversification). The correlation of 68235PAF5 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.
68235PAF5 Correlation With Market
Significant diversification
The correlation between ONE GAS INC and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ONE GAS INC and DJI in the same portfolio, assuming nothing else is changed.
68235PAF5 |
The ability to find closely correlated positions to 68235PAF5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 68235PAF5 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 68235PAF5 - 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 ONE GAS INC to buy it.
Moving against 68235PAF5 Bond
| 0.68 | BILS | SPDR Series Trust | PairCorr |
| 0.63 | HAPR | Innovator Premium Income | PairCorr |
| 0.62 | WWR | Westwater Resources | PairCorr |
| 0.59 | ASML | ASML Holding NV Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.57 | XCCC | BondBloxx ETF Trust | PairCorr |
| 0.56 | PAGP | Plains GP Holdings Sell-off Trend | PairCorr |
| 0.56 | BZUSD | Brent Crude Oil | PairCorr |
| 0.54 | WMT | Walmart | PairCorr |
| 0.54 | ALGM | Allegro Microsystems | PairCorr |
| 0.52 | KODK | Eastman Kodak | PairCorr |
| 0.51 | CLS | Celestica | PairCorr |
| 0.5 | SVCO | Silvaco Group, Common | PairCorr |
| 0.47 | UAL | United Airlines Holdings Earnings Call This Week | PairCorr |
| 0.45 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.45 | YMAG | YieldMax Magnificent | PairCorr |
| 0.44 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.42 | FETH | Fidelity Advantage Ether Buyout Trend | PairCorr |
| 0.42 | VUG | Vanguard Growth Index | PairCorr |
| 0.38 | ITCI | Intracellular Th Trending | PairCorr |
| 0.74 | XONE | Bondbloxx Bloomberg One | PairCorr |
| 0.73 | PBDC | Putnam ETF Trust | PairCorr |
| 0.7 | TSDIX | Touchstone Ultra Short | PairCorr |
| 0.69 | LRRVX | Floating Rate | PairCorr |
| 0.68 | CMNIX | Calamos Market Neutral | PairCorr |
| 0.68 | DFGBX | Dfa Five Year | PairCorr |
| 0.68 | AMFNX | Asg Managed Futures | PairCorr |
| 0.67 | TFLO | iShares Treasury Floating | PairCorr |
| 0.67 | DDFCX | Delaware Floating Rate | PairCorr |
| 0.66 | MAFRX | Pioneer Multi Asset | PairCorr |
| 0.64 | BNO | United States Brent | PairCorr |
| 0.62 | SWSFX | Ultra Short Fixed | PairCorr |
| 0.6 | ESDIX | Ashmore Emerging Markets | PairCorr |
| 0.59 | WUCT | UBS AG London | PairCorr |
| 0.59 | CBHCX | Victory Cemp Market | PairCorr |
Related Correlations Analysis
| 0.5 | 0.12 | 0.55 | -0.14 | 0.22 | DEO | ||
| 0.5 | -0.55 | 0.7 | 0.22 | -0.34 | SNDVF | ||
| 0.12 | -0.55 | -0.5 | -0.31 | 0.55 | INFY | ||
| 0.55 | 0.7 | -0.5 | 0.16 | -0.12 | CLPS | ||
| -0.14 | 0.22 | -0.31 | 0.16 | -0.03 | PM | ||
| 0.22 | -0.34 | 0.55 | -0.12 | -0.03 | WB | ||
| 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 68235PAF5 Bond performing well and 68235PAF5 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 68235PAF5'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DEO | 1.18 | (0.20) | 0.00 | (0.74) | 0.00 | 1.78 | 10.41 | |||
| SNDVF | 0.42 | (0.20) | 0.00 | (0.48) | 0.00 | 0.00 | 9.80 | |||
| INFY | 1.07 | (0.13) | 0.00 | (0.42) | 0.00 | 3.19 | 9.55 | |||
| CLPS | 2.78 | 0.03 | (0.01) | 0.00 | 3.20 | 7.34 | 24.69 | |||
| PM | 1.10 | 0.04 | 0.01 | (18.26) | 1.60 | 1.98 | 15.68 | |||
| WB | 2.16 | 0.03 | 0.00 | 0.11 | 2.51 | 4.29 | 11.94 |
Be your own money manager
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