771196BS0 Correlations
| 771196BS0 | 95.61 0.00 0.00% |
The current 90-days correlation between ROSW 991 05 and ICC Holdings is -0.19 (i.e., Good diversification). The correlation of 771196BS0 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.
771196BS0 Correlation With Market
Significant diversification
The correlation between ROSW 991 05 MAR 26 and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ROSW 991 05 MAR 26 and DJI in the same portfolio, assuming nothing else is changed.
771196BS0 |
The ability to find closely correlated positions to 771196BS0 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 771196BS0 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 771196BS0 - 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 ROSW 991 05 MAR 26 to buy it.
Moving together with 771196BS0 Bond
| 0.85 | WMT | Walmart Aggressive Push | PairCorr |
| 0.79 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.82 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | HPQ | HP Inc | PairCorr |
| 0.61 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.74 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.8 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
Moving against 771196BS0 Bond
| 0.93 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.8 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.67 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.38 | VZ | Verizon Communications Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.54 | 0.59 | 0.5 | 0.62 | 0.6 | 0.55 | ICCH | ||
| 0.54 | 0.64 | 0.85 | 0.89 | 0.68 | 0.57 | TSLA | ||
| 0.59 | 0.64 | 0.8 | 0.79 | 0.73 | 0.57 | DGII | ||
| 0.5 | 0.85 | 0.8 | 0.92 | 0.65 | 0.53 | EIG | ||
| 0.62 | 0.89 | 0.79 | 0.92 | 0.75 | 0.58 | CINF | ||
| 0.6 | 0.68 | 0.73 | 0.65 | 0.75 | 0.77 | GOCO | ||
| 0.55 | 0.57 | 0.57 | 0.53 | 0.58 | 0.77 | AEG | ||
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Risk-Adjusted Indicators
There is a big difference between 771196BS0 Bond performing well and 771196BS0 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 771196BS0'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICCH | 0.27 | 0.02 | (0.20) | (0.33) | 0.34 | 0.74 | 3.36 | |||
| TSLA | 3.17 | 0.59 | 0.23 | 0.37 | 2.64 | 8.19 | 28.06 | |||
| DGII | 1.57 | (0.01) | 0.06 | 0.12 | 1.69 | 3.55 | 11.66 | |||
| EIG | 1.04 | 0.06 | 0.08 | 0.17 | 1.02 | 2.46 | 11.24 | |||
| CINF | 0.98 | 0.12 | 0.11 | 0.22 | 1.06 | 2.20 | 8.34 | |||
| GOCO | 3.76 | 0.67 | 0.15 | 1.14 | 3.67 | 8.03 | 37.83 | |||
| AEG | 1.10 | (0.03) | (0.02) | 0.09 | 1.25 | 2.61 | 6.29 |
Be your own money manager
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