Rough Rice Correlations

ZRUSD Commodity

13.85 0.09 0.65%

The current 90-days correlation between Rough Rice Futures and Nasdaq 100 is -0.14 (i.e., Good diversification). The correlation of Rough Rice 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.

Rough Rice Correlation With Market

Significant diversification

The correlation between Rough Rice Futures and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rough Rice Futures and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Rough Rice could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rough Rice 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 Rough Rice - 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 Rough Rice Futures to buy it.

Moving together with Rough Commodity

0.64

VLY

Valley National Bancorp

Pair Corr

Moving against Rough Commodity

0.67	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.56	GOOG	Alphabet Class C Earnings Call This Week	Pair Corr
0.45	BAMXF	Bayerische Motoren Werke	Pair Corr
0.43	AAPL	Apple Inc Aggressive Push	Pair Corr
0.37	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.35	META	Meta Platforms Aggressive Push	Pair Corr
0.35	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.35	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.32	GILT	Gilat Satellite Networks	Pair Corr

Related Correlations Analysis

	NQUSD	ZOUSX	KEUSX	GFUSX	SILUSD	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD
NQUSD		-0.31	-0.09	0.49	-0.24	0.72	0.4	0.13	-0.26	-0.33	NQUSD
ZOUSX	-0.31		0.4	-0.35	0.56	-0.48	0.13	-0.08	0.52	0.34	ZOUSX
KEUSX	-0.09	0.4		0.03	0.36	-0.18	0.02	0.34	-0.06	0.42	KEUSX
GFUSX	0.49	-0.35	0.03		-0.15	0.7	0.15	0.66	-0.27	-0.03	GFUSX
SILUSD	-0.24	0.56	0.36	-0.15		-0.32	0.0	0.09	0.4	0.64	SILUSD
ZQUSD	0.72	-0.48	-0.18	0.7	-0.32		-0.04	0.39	-0.44	-0.32	ZQUSD
YMUSD	0.4	0.13	0.02	0.15	0.0	-0.04		-0.22	0.32	-0.2	YMUSD
RBUSD	0.13	-0.08	0.34	0.66	0.09	0.39	-0.22		-0.29	0.31	RBUSD
ZRUSD	-0.26	0.52	-0.06	-0.27	0.4	-0.44	0.32	-0.29		-0.07	ZRUSD
PLUSD	-0.33	0.34	0.42	-0.03	0.64	-0.32	-0.2	0.31	-0.07		PLUSD
	NQUSD	ZOUSX	KEUSX	GFUSX	SILUSD	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD

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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

ZQUSD	+ 0.72	NQUSD
ZQUSD	+ 0.7	GFUSX
RBUSD	+ 0.66	GFUSX
PLUSD	+ 0.64	SILUSD
SILUSD	+ 0.56	ZOUSX
ZRUSD	+ 0.52	ZOUSX

High negative correlations

ZQUSD	- 0.48	ZOUSX
ZRUSD	- 0.44	ZQUSD
GFUSX	- 0.35	ZOUSX
PLUSD	- 0.33	NQUSD
PLUSD	- 0.32	ZQUSD
ZQUSD	- 0.32	SILUSD

Risk-Adjusted Indicators

There is a big difference between Rough Commodity performing well and Rough Rice 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 Rough Rice'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
NQUSD	0.92	0.08	(0.01)	3.70	1.18	(0.98)	1.93	(2.47)	6.82
ZOUSX	1.79	(0.08)	0.00	0.36	0.00	0.00	3.65	(4.36)	13.30
KEUSX	1.10	0.07	(0.01)	(5.58)	1.31	(1.18)	3.37	(1.97)	7.97
GFUSX	0.58	0.12	0.05	1.86	0.68	(0.61)	1.32	(1.01)	3.73
SILUSD	1.35	(0.03)	0.00	0.21	0.00	0.00	2.60	(3.76)	7.56
ZQUSD	0.02	0.00	(2.54)	0.88	0.00	(0.04)	0.03	(0.01)	0.30
YMUSD	0.59	0.08	0.00	0.82	0.58	(0.70)	1.21	(0.96)	6.29
RBUSD	1.02	0.13	(0.01)	(0.15)	1.07	(1.30)	2.11	(1.85)	6.11
ZRUSD	0.83	(0.13)	0.00	(1.79)	0.00	0.00	1.78	(2.06)	5.21
PLUSD	1.20	0.03	(0.06)	(0.04)	1.45	(1.18)	2.81	(2.16)	6.25

View Rough Rice Related Equities

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