ORACLE Correlations

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88.22 6.67 8.18%

The correlation of ORACLE 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.

ORACLE Correlation With Market

Good diversification

The correlation between ORACLE P 45 and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ORACLE P 45 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ORACLE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ORACLE 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 ORACLE - 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 ORACLE P 45 to buy it.

Moving together with ORACLE Bond

0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against ORACLE Bond

0.84	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.77	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.77	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.73	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.71	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.65	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.61	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.6	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.36	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	NOW	CDR-PB	CDW	GO	LULU	RERE	NXPL	STSFF
NOW		0.75	-0.78	0.33	0.88	0.36	-0.71	-0.24	NOW
CDR-PB	0.75		-0.52	0.12	0.69	0.38	-0.51	-0.43	CDR-PB
CDW	-0.78	-0.52		-0.37	-0.77	-0.25	0.73	-0.03	CDW
GO	0.33	0.12	-0.37		0.24	0.33	-0.41	0.24	GO
LULU	0.88	0.69	-0.77	0.24		0.27	-0.75	-0.21	LULU
RERE	0.36	0.38	-0.25	0.33	0.27		-0.5	-0.58	RERE
NXPL	-0.71	-0.51	0.73	-0.41	-0.75	-0.5		0.31	NXPL
STSFF	-0.24	-0.43	-0.03	0.24	-0.21	-0.58	0.31		STSFF
	NOW	CDR-PB	CDW	GO	LULU	RERE	NXPL	STSFF

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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

LULU	+ 0.88	NOW
CDR-PB	+ 0.75	NOW
NXPL	+ 0.73	CDW
LULU	+ 0.69	CDR-PB
RERE	+ 0.38	CDR-PB
RERE	+ 0.36	NOW

High negative correlations

CDW	- 0.78	NOW
LULU	- 0.77	CDW
NXPL	- 0.75	LULU
NXPL	- 0.71	NOW
STSFF	- 0.58	RERE
CDW	- 0.52	CDR-PB

Risk-Adjusted Indicators

There is a big difference between ORACLE Bond performing well and ORACLE 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 ORACLE'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
NOW	1.40	0.22	0.16	0.31	1.26	(1.70)	3.04	(2.68)	8.12
CDR-PB	1.90	0.22	0.03	(11.58)	2.73	(2.01)	4.28	(4.61)	13.67
CDW	1.42	(0.53)	0.00	(0.24)	0.00	0.00	1.68	(3.50)	14.61
GO	2.66	(0.01)	0.03	0.11	3.68	(2.91)	5.45	(5.23)	21.42
LULU	1.73	0.20	0.07	0.46	1.84	(1.75)	3.24	(3.10)	11.09
RERE	3.26	0.69	0.20	1.66	2.63	(3.95)	10.26	(4.78)	20.09
NXPL	3.08	(0.44)	0.00	(21.69)	0.00	0.00	4.88	(7.80)	34.56
STSFF	0.21	(0.05)	0.00	(4.07)	0.00	0.00	0.00	0.00	6.07

Be your own money manager

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