695114CL0 Correlations

695114CL0

105.28 1.80 1.74%

The current 90-days correlation between PACIFICORP 6 percent and Lindblad Expeditions Holdings is 0.09 (i.e., Significant diversification). The correlation of 695114CL0 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.

695114CL0 Correlation With Market

Significant diversification

The correlation between PACIFICORP 6 percent 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 PACIFICORP 6 percent and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 695114CL0 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 695114CL0 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 695114CL0 - 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 PACIFICORP 6 percent to buy it.

Moving against 695114CL0 Bond

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0.7	ADSK	Autodesk	Pair Corr
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0.67	ALAB	Astera Labs, Common	Pair Corr
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0.63	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.57	BTC	Grayscale Bitcoin Mini	Pair Corr
0.55	ZM	Zoom Video Communications	Pair Corr
0.55	APLD	Applied Blockchain Trending	Pair Corr
0.53	GM	General Motors Aggressive Push	Pair Corr

Related Correlations Analysis

	LIND	KODK	SCL	VGAS	ODFL	SNCY	ASO	ECCI
LIND		0.5	0.45	0.42	0.88	0.76	-0.58	0.0	LIND
KODK	0.5		0.53	0.04	0.37	0.2	-0.15	0.0	KODK
SCL	0.45	0.53		0.22	0.48	0.11	0.11	0.0	SCL
VGAS	0.42	0.04	0.22		0.59	0.6	-0.35	0.0	VGAS
ODFL	0.88	0.37	0.48	0.59		0.82	-0.59	0.0	ODFL
SNCY	0.76	0.2	0.11	0.6	0.82		-0.65	0.0	SNCY
ASO	-0.58	-0.15	0.11	-0.35	-0.59	-0.65		0.0	ASO
ECCI	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ECCI
	LIND	KODK	SCL	VGAS	ODFL	SNCY	ASO	ECCI

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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

ODFL	+ 0.88	LIND
SNCY	+ 0.82	ODFL
SNCY	+ 0.76	LIND
SNCY	+ 0.6	VGAS
ODFL	+ 0.59	VGAS
SCL	+ 0.53	KODK

High negative correlations

ASO	- 0.65	SNCY
ASO	- 0.59	ODFL
ASO	- 0.58	LIND
ASO	- 0.35	VGAS
ASO	- 0.15	KODK
ECCI	- 0.0	ASO

Risk-Adjusted Indicators

There is a big difference between 695114CL0 Bond performing well and 695114CL0 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 695114CL0'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
LIND	2.82	0.31	0.20	0.23	2.18	(4.06)	4.92	(3.83)	29.57
KODK	2.36	(0.06)	0.01	0.09	3.38	(2.87)	6.81	(3.69)	26.51
SCL	1.23	(0.16)	(0.05)	0.03	1.42	(1.33)	2.07	(2.72)	12.16
VGAS	2.73	0.14	0.04	0.26	3.15	(3.27)	7.07	(5.10)	25.46
ODFL	1.62	(0.07)	0.02	0.08	2.25	(1.57)	2.68	(3.52)	14.71
SNCY	2.76	0.47	0.18	0.44	2.56	(3.29)	8.41	(4.50)	16.71
ASO	1.61	(0.27)	0.00	(0.72)	0.00	0.00	3.99	(3.25)	9.63
ECCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in 695114CL0 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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