TRPCN Correlations

89356BAB4

94.37 5.18 5.20%

The current 90-days correlation between TRPCN 5875 15 and ATT Inc is 0.09 (i.e., Significant diversification). The correlation of TRPCN 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.

TRPCN Correlation With Market

Good diversification

The correlation between TRPCN 5875 15 AUG 76 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 TRPCN 5875 15 AUG 76 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TRPCN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRPCN 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 TRPCN - 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 TRPCN 5875 15 AUG 76 to buy it.

Moving against TRPCN Bond

0.48	PG	Procter Gamble Sell-off Trend	Pair Corr
0.32	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	T	HD	CSCO	DD	GE	JNJ	INTC	XOM
T		0.72	0.8	0.05	0.24	-0.7	0.67	0.39	T
HD	0.72		0.78	0.53	0.71	-0.6	0.76	0.72	HD
CSCO	0.8	0.78		0.2	0.36	-0.79	0.85	0.64	CSCO
DD	0.05	0.53	0.2		0.72	-0.08	0.47	0.47	DD
GE	0.24	0.71	0.36	0.72		-0.16	0.53	0.55	GE
JNJ	-0.7	-0.6	-0.79	-0.08	-0.16		-0.81	-0.56	JNJ
INTC	0.67	0.76	0.85	0.47	0.53	-0.81		0.67	INTC
XOM	0.39	0.72	0.64	0.47	0.55	-0.56	0.67		XOM
	T	HD	CSCO	DD	GE	JNJ	INTC	XOM

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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

INTC	+ 0.85	CSCO
CSCO	+ 0.8	T
CSCO	+ 0.78	HD
INTC	+ 0.76	HD
HD	+ 0.72	T
XOM	+ 0.72	HD

High negative correlations

INTC	- 0.81	JNJ
JNJ	- 0.79	CSCO
JNJ	- 0.7	T
JNJ	- 0.6	HD
XOM	- 0.56	JNJ
JNJ	- 0.16	GE

Risk-Adjusted Indicators

There is a big difference between TRPCN Bond performing well and TRPCN 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 TRPCN'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
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
HD	0.91	0.19	0.09	0.74	0.90	(1.02)	2.22	(1.67)	5.15
CSCO	0.73	0.15	0.17	0.30	0.46	(0.85)	1.72	(1.14)	6.38
DD	0.99	(0.07)	(0.08)	0.04	1.21	(1.06)	2.68	(2.46)	7.46
GE	1.34	(0.06)	(0.01)	0.08	2.27	(1.27)	2.85	(2.36)	14.10
JNJ	0.61	(0.11)	0.00	(0.37)	0.00	0.00	1.40	(1.42)	3.25
INTC	2.37	0.06	0.08	0.16	2.60	(2.65)	6.36	(3.50)	18.29
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

Be your own money manager

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