TOTAL Correlations
| 89152UAH5 | 97.84 0.20 0.20% |
The current 90-days correlation between TOTAL CAP 3883 and Kandi Technologies Group is 0.04 (i.e., Significant diversification). The correlation of TOTAL 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.
TOTAL Correlation With Market
Good diversification
The correlation between TOTAL CAP 3883 and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TOTAL CAP 3883 and DJI in the same portfolio, assuming nothing else is changed.
TOTAL |
The ability to find closely correlated positions to TOTAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOTAL 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 TOTAL - 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 TOTAL CAP 3883 to buy it.
Moving together with TOTAL Bond
| 0.73 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.78 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.68 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against TOTAL Bond
| 0.79 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.74 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.74 | WMT | Walmart Aggressive Push | PairCorr |
| 0.73 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.73 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.7 | T | ATT Inc Aggressive Push | PairCorr |
| 0.69 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.6 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TOTAL Bond performing well and TOTAL 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 TOTAL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KNDI | 3.38 | (0.62) | 0.00 | (0.28) | 0.00 | 7.36 | 30.17 | |||
| PAYO | 1.38 | 0.56 | 0.35 | 0.87 | 0.78 | 3.19 | 24.78 | |||
| ASUR | 1.85 | 0.04 | 0.03 | 0.15 | 2.96 | 5.27 | 19.48 | |||
| RSVR | 1.76 | 0.11 | 0.07 | 0.18 | 2.17 | 3.91 | 9.49 | |||
| BCE | 0.88 | (0.38) | 0.00 | (3.44) | 0.00 | 1.53 | 12.47 | |||
| LPCN | 3.47 | 0.44 | 0.07 | 2.36 | 4.50 | 7.08 | 27.84 | |||
| TSLA | 3.11 | 0.54 | 0.21 | 0.36 | 2.67 | 8.19 | 28.06 | |||
| ZD | 1.82 | 0.12 | 0.10 | 0.18 | 2.00 | 3.26 | 19.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TOTAL 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.Did you try this?
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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