Five Year Correlations

Commodities . USA . 
Commodity . Five Year Treasury Note
ZFUSD Commodity   106.73  0.19  0.18%   
The current 90-days correlation between Five Year Treasury and Silver Futures is 0.29 (i.e., Modest diversification). The correlation of Five Year 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.

Five Year Correlation With Market

Good diversification

The correlation between Five Year Treasury Note and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Five Year Treasury Note and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Five Year could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Five Year 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 Five Year - 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 Five Year Treasury Note to buy it.

Moving against Five Commodity

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Related Correlations Analysis

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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   
MGCUSD
+ 0.94
SIUSD
MGCUSD
+ 0.6
ESUSD
ESUSD
+ 0.57
SIUSD
CTUSX
+ 0.45
SIUSD
CTUSX
+ 0.38
MGCUSD
ZFUSD
+ 0.36
CTUSX
  
High negative correlations   
ZFUSD
- 0.72
ESUSD
ZFUSD
- 0.49
HOUSD
ZFUSD
- 0.4
MGCUSD
ZFUSD
- 0.31
SIUSD

Risk-Adjusted Indicators

There is a big difference between Five Commodity performing well and Five Year Commodity 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 Five Year'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.

Five Year Related Commodities

One prevalent trading approach among algorithmic traders in the commodities sector involves employing market-neutral strategies, wherein each trade is designed to hedge away specific risks. Given that this approach necessitates two distinct transactions, if one position underperforms unexpectedly, the other can potentially offset some of the losses. This method can be applied to commodities such as Five Year, pairing it with other commodities or financial instruments to create a balanced, market-neutral setup.
 Risk & Return  Correlation
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