WHOLE Correlations

Bonds USA . 
Bond . WHOLE FOODS MKT
966837AE6   99.16  1.23  1.23%   
The current 90-days correlation between WHOLE FOODS MKT and United Airlines Holdings is 0.12 (i.e., Average diversification). The correlation of WHOLE 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.

WHOLE Correlation With Market

Significant diversification

The correlation between WHOLE FOODS MKT and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WHOLE FOODS MKT and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to WHOLE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WHOLE 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 WHOLE - 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 WHOLE FOODS MKT to buy it.

Moving together with WHOLE Bond

  0.61JNJ Johnson JohnsonPairCorr

Moving against WHOLE Bond

  0.7IBM International Business Tech BoostPairCorr
  0.63CSCO Cisco SystemsPairCorr
  0.63BA BoeingPairCorr
  0.59GILT Gilat Satellite NetworksPairCorr
  0.57V Visa Class APairCorr
  0.53LPTH LightPath Technologies Earnings Call This WeekPairCorr
  0.51MSFT MicrosoftPairCorr
  0.51BAC Bank of AmericaPairCorr
  0.49JPM JPMorgan ChasePairCorr
  0.39CHKP Check Point Software Earnings Call This WeekPairCorr
  0.37HD Home DepotPairCorr
  0.32QQEW First Trust NASDAQPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between WHOLE Bond performing well and WHOLE 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 WHOLE'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.

Be your own money manager

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