TOTAL Correlations

89153VAW9

72.90 5.92 8.84%

The current 90-days correlation between TOTAL CAPITAL INTERN and Fidus Investment Corp is 0.14 (i.e., Average 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

Significant diversification

The correlation between TOTAL CAPITAL INTERNATIONAL and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TOTAL CAPITAL INTERNATIONAL and DJI in the same portfolio, assuming nothing else is changed.

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 CAPITAL INTERNATIONAL to buy it.

Moving together with TOTAL Bond

0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	VZ	Verizon Communications Aggressive Push	Pair Corr
0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against TOTAL Bond

0.72	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.69	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.59	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.59	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.47	WMT	Walmart Aggressive Push	Pair Corr
0.44	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.34	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	FDUS	CTRRF	BKH	IGI	AEG	MNTK	PSTL	MMSI
FDUS		-0.54	0.82	-0.48	0.27	-0.44	-0.3	0.76	FDUS
CTRRF	-0.54		-0.22	0.52	-0.22	0.26	0.3	-0.59	CTRRF
BKH	0.82	-0.22		-0.31	0.4	-0.27	0.0	0.71	BKH
IGI	-0.48	0.52	-0.31		-0.64	-0.33	0.33	-0.38	IGI
AEG	0.27	-0.22	0.4	-0.64		0.59	0.15	0.46	AEG
MNTK	-0.44	0.26	-0.27	-0.33	0.59		0.22	-0.26	MNTK
PSTL	-0.3	0.3	0.0	0.33	0.15	0.22		-0.02	PSTL
MMSI	0.76	-0.59	0.71	-0.38	0.46	-0.26	-0.02		MMSI
	FDUS	CTRRF	BKH	IGI	AEG	MNTK	PSTL	MMSI

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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

BKH	+ 0.82	FDUS
MMSI	+ 0.76	FDUS
MMSI	+ 0.71	BKH
MNTK	+ 0.59	AEG
IGI	+ 0.52	CTRRF
MMSI	+ 0.46	AEG

High negative correlations

AEG	- 0.64	IGI
MMSI	- 0.59	CTRRF
CTRRF	- 0.54	FDUS
IGI	- 0.48	FDUS
MNTK	- 0.44	FDUS
MMSI	- 0.38	IGI

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
FDUS	0.54	0.07	(0.01)	0.33	0.45	(0.60)	1.20	(0.92)	3.15
CTRRF	0.89	(0.03)	(0.01)	0.06	2.65	(2.49)	2.17	(1.87)	31.26
BKH	0.88	0.09	0.07	0.25	0.62	(1.10)	2.11	(1.31)	4.11
IGI	0.38	(0.09)	0.00	9.92	0.00	0.00	0.48	(0.96)	2.65
AEG	1.10	(0.03)	(0.02)	0.09	1.25	(1.21)	2.61	(2.28)	6.29
MNTK	2.74	(0.05)	0.00	0.09	4.74	(2.73)	4.75	(5.22)	25.57
PSTL	0.79	(0.05)	(0.13)	0.00	0.92	(0.88)	1.76	(1.61)	5.81
MMSI	0.88	0.13	0.08	0.37	0.71	(0.96)	2.11	(1.23)	6.42

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.

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