SEMPRA Correlations

816851BA6

93.03 3.21 3.34%

The current 90-days correlation between SEMPRA ENERGY 325 and Lipocine is -0.12 (i.e., Good diversification). The correlation of SEMPRA 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.

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

Moving together with SEMPRA Bond

0.71

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against SEMPRA Bond

0.83	BTC	Grayscale Bitcoin Mini	Pair Corr
0.77	MSTY	YieldMax MSTR Option	Pair Corr
0.74	GM	General Motors Aggressive Push	Pair Corr
0.72	CRWD	Crowdstrike Holdings Earnings Call This Week	Pair Corr
0.72	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.71	RCAT	Red Cat Holdings Trending	Pair Corr
0.69	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.67	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.65	ADSK	Autodesk	Pair Corr
0.61	NVDA	NVIDIA	Pair Corr
0.57	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.46	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	LPCN	EVTZF	PAYO	SIGRF	ASUR	NUVL	STKL
LPCN		-0.79	0.55	0.51	0.51	0.4	0.28	LPCN
EVTZF	-0.79		-0.5	-0.42	-0.49	-0.66	-0.42	EVTZF
PAYO	0.55	-0.5		0.05	0.29	-0.05	0.75	PAYO
SIGRF	0.51	-0.42	0.05		0.18	0.36	-0.14	SIGRF
ASUR	0.51	-0.49	0.29	0.18		0.26	0.08	ASUR
NUVL	0.4	-0.66	-0.05	0.36	0.26		0.06	NUVL
STKL	0.28	-0.42	0.75	-0.14	0.08	0.06		STKL
	LPCN	EVTZF	PAYO	SIGRF	ASUR	NUVL	STKL

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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

STKL	+ 0.75	PAYO
PAYO	+ 0.55	LPCN
SIGRF	+ 0.51	LPCN
ASUR	+ 0.51	LPCN
NUVL	+ 0.4	LPCN
NUVL	+ 0.36	SIGRF

High negative correlations

EVTZF	- 0.79	LPCN
NUVL	- 0.66	EVTZF
PAYO	- 0.5	EVTZF
ASUR	- 0.49	EVTZF
STKL	- 0.42	EVTZF
SIGRF	- 0.42	EVTZF

Risk-Adjusted Indicators

There is a big difference between SEMPRA Bond performing well and SEMPRA 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 SEMPRA'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
LPCN	3.35	0.58	0.11	3.19	3.75	(3.74)	7.08	(6.14)	27.84
EVTZF	0.70	(0.09)	0.00	0.32	0.00	0.00	2.28	(1.86)	15.99
PAYO	1.37	0.62	0.39	0.93	0.73	(1.69)	3.19	(1.86)	24.78
SIGRF	0.36	(0.13)	0.00	(0.92)	0.00	0.00	0.00	0.00	14.63
ASUR	1.84	0.08	0.04	0.15	2.91	(2.06)	5.27	(3.76)	19.48
NUVL	2.24	0.08	0.05	0.15	2.69	(2.49)	3.84	(4.61)	36.85
STKL	2.51	0.20	0.10	0.21	2.50	(2.96)	4.49	(5.24)	25.87

Be your own money manager

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