91159HHS2 Correlations

91159HHS2

97.50 0.05 0.05%

The current 90-days correlation between U S BANCORP and AEP TEX INC is -0.21 (i.e., Very good diversification). The correlation of 91159HHS2 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.

91159HHS2 Correlation With Market

Very good diversification

The correlation between U S BANCORP and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding U S BANCORP and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 91159HHS2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 91159HHS2 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 91159HHS2 - 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 U S BANCORP to buy it.

Moving against 91159HHS2 Bond

0.4	MMM	3M Company	Pair Corr
0.37	JPM	JPMorgan Chase	Pair Corr
0.36	90331HPL1	US BANK NATIONAL	Pair Corr
0.34	BA	Boeing	Pair Corr
0.32	WMT	Walmart Aggressive Push	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	BAMXF	CHKP	RELIW	LPTH	V	GILD	VLY	OILCF
00108WAF7		-0.65	-0.48	-0.16	0.15	-0.62	-0.1	0.0	0.48	0.02	00108WAF7
90331HPL1	-0.65		0.36	0.31	-0.14	0.7	0.34	0.2	-0.38	0.31	90331HPL1
BAMXF	-0.48	0.36		0.55	-0.23	0.58	0.43	0.42	-0.24	-0.34	BAMXF
CHKP	-0.16	0.31	0.55		-0.32	0.41	0.93	0.83	0.21	0.06	CHKP
RELIW	0.15	-0.14	-0.23	-0.32		-0.31	-0.33	-0.25	0.16	-0.14	RELIW
LPTH	-0.62	0.7	0.58	0.41	-0.31		0.44	0.37	-0.67	0.02	LPTH
V	-0.1	0.34	0.43	0.93	-0.33	0.44		0.81	0.22	0.19	V
GILD	0.0	0.2	0.42	0.83	-0.25	0.37	0.81		0.17	0.02	GILD
VLY	0.48	-0.38	-0.24	0.21	0.16	-0.67	0.22	0.17		0.09	VLY
OILCF	0.02	0.31	-0.34	0.06	-0.14	0.02	0.19	0.02	0.09		OILCF
	00108WAF7	90331HPL1	BAMXF	CHKP	RELIW	LPTH	V	GILD	VLY	OILCF

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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

V	+ 0.93	CHKP
GILD	+ 0.83	CHKP
GILD	+ 0.81	V
LPTH	+ 0.7	90331HPL1
LPTH	+ 0.58	BAMXF
CHKP	+ 0.55	BAMXF

High negative correlations

VLY	- 0.67	LPTH
90331HPL1	- 0.65	00108WAF7
LPTH	- 0.62	00108WAF7
BAMXF	- 0.48	00108WAF7
VLY	- 0.38	90331HPL1
OILCF	- 0.34	BAMXF

Risk-Adjusted Indicators

There is a big difference between 91159HHS2 Bond performing well and 91159HHS2 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 91159HHS2'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
00108WAF7	1.19	0.11	0.04	(0.26)	1.81	(1.30)	1.46	(2.05)	5.16
90331HPL1	0.53	(0.19)	0.00	(0.54)	0.00	0.00	0.08	(2.15)	4.57
BAMXF	1.92	0.20	0.07	(1.68)	2.23	(2.31)	4.29	(3.46)	12.61
CHKP	1.11	0.34	0.26	0.44	0.89	(1.27)	2.92	(1.86)	9.30
RELIW	37.73	11.92	0.28	(1.02)	30.06	(46.29)	158.04	(53.03)	215.61
LPTH	4.30	1.44	0.28	(1.61)	3.83	(5.53)	14.95	(6.41)	35.98
V	0.69	0.20	0.21	0.56	0.62	(0.79)	1.65	(1.43)	4.00
GILD	0.98	0.03	0.01	0.08	1.50	(0.87)	1.85	(2.23)	4.50
VLY	1.38	0.07	0.03	0.09	1.84	(1.51)	3.99	(2.75)	9.91
OILCF	41.74	19.81	0.32	(1.39)	17.86	(131.89)	28.00	(21.87)	1,080

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Our tools can tell you how much better you can do entering a position in 91159HHS2 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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