TOYOTA Correlations

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91.96 3.22 3.38%

The current 90-days correlation between TOYOTA 1125 18 and Xponential Fitness is 0.04 (i.e., Significant diversification). The correlation of TOYOTA 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 TOYOTA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOYOTA 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 TOYOTA - 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 TOYOTA 1125 18 JUN 26 to buy it.

Moving together with TOYOTA Bond

0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr

Moving against TOYOTA Bond

0.66	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.6	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.6	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.58	DIS	Walt Disney Sell-off Trend	Pair Corr
0.56	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.42	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.35	HD	Home Depot	Pair Corr

Related Correlations Analysis

	XPOF	ALVO	AKAN	LPCN	BLD	SNDA	VMD	PH
XPOF		-0.14	-0.53	-0.08	-0.38	-0.35	0.27	0.64	XPOF
ALVO	-0.14		-0.58	0.73	-0.25	-0.39	0.78	0.4	ALVO
AKAN	-0.53	-0.58		-0.57	0.59	0.49	-0.74	-0.81	AKAN
LPCN	-0.08	0.73	-0.57		-0.15	-0.36	0.73	0.46	LPCN
BLD	-0.38	-0.25	0.59	-0.15		0.33	-0.32	-0.18	BLD
SNDA	-0.35	-0.39	0.49	-0.36	0.33		-0.46	-0.51	SNDA
VMD	0.27	0.78	-0.74	0.73	-0.32	-0.46		0.64	VMD
PH	0.64	0.4	-0.81	0.46	-0.18	-0.51	0.64		PH
	XPOF	ALVO	AKAN	LPCN	BLD	SNDA	VMD	PH

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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

VMD	+ 0.78	ALVO
LPCN	+ 0.73	ALVO
VMD	+ 0.73	LPCN
PH	+ 0.64	XPOF
PH	+ 0.64	VMD
BLD	+ 0.59	AKAN

High negative correlations

PH	- 0.81	AKAN
VMD	- 0.74	AKAN
AKAN	- 0.58	ALVO
LPCN	- 0.57	AKAN
AKAN	- 0.53	XPOF
PH	- 0.51	SNDA

Risk-Adjusted Indicators

There is a big difference between TOYOTA Bond performing well and TOYOTA 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 TOYOTA'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
XPOF	2.80	0.23	0.07	0.34	2.85	(3.07)	5.96	(5.28)	35.52
ALVO	1.18	0.04	(0.06)	(0.09)	1.56	(1.29)	3.15	(2.83)	8.63
AKAN	3.54	(0.53)	0.00	(0.23)	0.00	0.00	8.00	(6.67)	22.55
LPCN	3.43	0.38	0.06	1.52	4.50	(3.55)	7.08	(6.20)	27.84
BLD	1.71	(0.16)	(0.04)	0.01	2.41	(1.64)	4.30	(4.45)	13.61
SNDA	2.36	(0.22)	0.00	(0.04)	0.00	0.00	5.59	(4.77)	12.89
VMD	1.53	0.09	0.06	0.20	1.67	(1.65)	3.30	(2.76)	10.98
PH	0.92	0.09	0.13	0.19	0.86	(1.08)	2.18	(1.25)	11.35

Be your own money manager

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