SUMILF Correlations

86564CAC4

89.23 0.00 0.00%

The current 90-days correlation between SUMILF 3375 15 and Playtika Holding Corp is 0.05 (i.e., Significant diversification). The correlation of SUMILF 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.

SUMILF Correlation With Market

Significant diversification

The correlation between SUMILF 3375 15 APR 81 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 SUMILF 3375 15 APR 81 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SUMILF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUMILF 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 SUMILF - 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 SUMILF 3375 15 APR 81 to buy it.

Moving together with SUMILF Bond

0.67	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.64	DIS	Walt Disney	Pair Corr

Moving against SUMILF Bond

0.71	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.67	KO	Coca Cola Aggressive Push	Pair Corr
0.55	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.43	90331HPL1	US BANK NATIONAL	Pair Corr
0.41	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	PLTK	WNC	VMD	AMGN	ADNT	MSN	CARS
PLTK		0.29	0.44	-0.69	-0.46	0.11	0.52	PLTK
WNC	0.29		-0.34	0.14	0.15	-0.37	0.81	WNC
VMD	0.44	-0.34		-0.51	-0.42	0.43	-0.22	VMD
AMGN	-0.69	0.14	-0.51		0.56	0.08	-0.24	AMGN
ADNT	-0.46	0.15	-0.42	0.56		0.19	-0.22	ADNT
MSN	0.11	-0.37	0.43	0.08	0.19		-0.56	MSN
CARS	0.52	0.81	-0.22	-0.24	-0.22	-0.56		CARS
	PLTK	WNC	VMD	AMGN	ADNT	MSN	CARS

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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

CARS	+ 0.81	WNC
ADNT	+ 0.56	AMGN
CARS	+ 0.52	PLTK
VMD	+ 0.44	PLTK
MSN	+ 0.43	VMD
WNC	+ 0.29	PLTK

High negative correlations

AMGN	- 0.69	PLTK
CARS	- 0.56	MSN
AMGN	- 0.51	VMD
ADNT	- 0.46	PLTK
ADNT	- 0.42	VMD
MSN	- 0.37	WNC

Risk-Adjusted Indicators

There is a big difference between SUMILF Bond performing well and SUMILF 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 SUMILF'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
PLTK	1.24	0.12	0.08	0.25	1.18	(1.48)	3.06	(2.19)	9.23
WNC	1.51	(0.15)	(0.04)	0.03	1.77	(1.61)	2.89	(2.92)	9.47
VMD	1.52	0.14	0.10	0.23	1.66	(1.66)	3.30	(2.76)	10.98
AMGN	1.03	(0.25)	0.00	(0.13)	0.00	0.00	1.67	(1.90)	9.43
ADNT	1.87	(0.30)	0.00	(0.09)	0.00	0.00	4.08	(4.22)	10.66
MSN	2.34	(0.05)	0.00	(0.05)	0.00	0.00	6.82	(5.88)	16.89
CARS	1.67	0.00	0.03	0.12	1.72	(2.03)	4.67	(2.75)	10.81

Be your own money manager

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