902613AV0 Correlations

902613AV0

100.60 2.65 2.57%

The current 90-days correlation between UBS 5959 12 and Cementos Pacasmayo SAA is 0.4 (i.e., Very weak diversification). The correlation of 902613AV0 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.

902613AV0 Correlation With Market

Significant diversification

The correlation between UBS 5959 12 JAN 34 and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding UBS 5959 12 JAN 34 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 902613AV0 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 902613AV0 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 902613AV0 - 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 UBS 5959 12 JAN 34 to buy it.

Moving together with 902613AV0 Bond

0.62	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.78	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.76	KO	Coca Cola Aggressive Push	Pair Corr

Moving against 902613AV0 Bond

0.78	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.71	DIS	Walt Disney Aggressive Push	Pair Corr
0.67	WMT	Walmart Aggressive Push	Pair Corr
0.53	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.52	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.46	HPQ	HP Inc	Pair Corr
0.37	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	CPAC	UNMK	GFF	TSN	PKOH	EME	PVARF	J
CPAC		0.0	0.3	-0.24	0.49	0.76	0.81	0.7	CPAC
UNMK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	UNMK
GFF	0.3	0.0		0.17	0.73	0.68	0.12	0.27	GFF
TSN	-0.24	0.0	0.17		0.13	-0.32	-0.27	-0.53	TSN
PKOH	0.49	0.0	0.73	0.13		0.74	0.39	0.54	PKOH
EME	0.76	0.0	0.68	-0.32	0.74		0.64	0.79	EME
PVARF	0.81	0.0	0.12	-0.27	0.39	0.64		0.77	PVARF
J	0.7	0.0	0.27	-0.53	0.54	0.79	0.77		J
	CPAC	UNMK	GFF	TSN	PKOH	EME	PVARF	J

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PVARF	+ 0.81	CPAC
J	+ 0.79	EME
J	+ 0.77	PVARF
EME	+ 0.76	CPAC
EME	+ 0.74	PKOH
PKOH	+ 0.73	GFF

High negative correlations

J	- 0.53	TSN
EME	- 0.32	TSN
PVARF	- 0.27	TSN
TSN	- 0.24	CPAC
J	- 0.0	UNMK
PVARF	- 0.0	UNMK

Risk-Adjusted Indicators

There is a big difference between 902613AV0 Bond performing well and 902613AV0 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 902613AV0'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
CPAC	1.24	0.14	(0.02)	(0.13)	2.15	(1.29)	2.85	(2.80)	14.21
UNMK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GFF	1.76	0.21	0.15	0.25	1.70	(2.02)	3.91	(3.12)	22.83
TSN	0.99	0.02	(0.06)	0.27	1.44	(1.00)	1.73	(2.48)	9.06
PKOH	1.66	(0.09)	0.05	0.09	1.88	(1.79)	2.93	(3.59)	19.17
EME	1.43	0.30	0.15	0.32	1.88	(1.60)	3.31	(2.67)	11.32
PVARF	0.37	0.12	0.00	(0.61)	0.00	0.00	0.00	0.00	10.45
J	1.07	0.03	0.02	0.14	1.61	(1.10)	2.41	(1.97)	9.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in 902613AV0 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?

Run Sign In To Macroaxis Now

Sign In To Macroaxis

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC