E I Correlations

CTA-PB Preferred Stock

USD 72.50 0.09 0.12%

The current 90-days correlation between E I du and Corteva is 0.12 (i.e., Average diversification). The correlation of E I 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.

E I Correlation With Market

Weak diversification

The correlation between E I du and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding E I du and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CTA-PB Preferred Stock

0.71	CTA-PA	E I du	Pair Corr
0.67	X	United States Steel Buyout Trend	Pair Corr
0.66	AU	AngloGold Ashanti plc Buyout Trend	Pair Corr
0.73	DC	Dakota Gold Corp	Pair Corr
0.74	MP	MP Materials Corp	Pair Corr
0.75	MT	ArcelorMittal SA ADR	Pair Corr
0.61	RS	Reliance Steel Aluminum	Pair Corr
0.7	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.62	WLKP	Westlake Chemical	Pair Corr
0.72	AEM	Agnico Eagle Mines	Pair Corr
0.77	AGI	Alamos Gold	Pair Corr

Moving against CTA-PB Preferred Stock

0.65	GPRE	Green Plains Renewable	Pair Corr
0.63	CE	Celanese	Pair Corr
0.6	FF	FutureFuel Corp	Pair Corr
0.51	HYMCW	Hycroft Mining Holding	Pair Corr
0.5	AA	Alcoa Corp	Pair Corr
0.5	CF	CF Industries Holdings	Pair Corr
0.48	REX	REX American Resources Earnings Call This Week	Pair Corr
0.48	IE	Ivanhoe Electric	Pair Corr
0.44	CC	Chemours	Pair Corr
0.35	NG	NovaGold Resources Earnings Call This Week	Pair Corr
0.34	WS	Worthington Steel Earnings Call Today	Pair Corr
0.72	FEAM	5E Advanced Materials	Pair Corr
0.67	CMT	Core Molding Technologies	Pair Corr
0.65	AMR	Alpha Metallurgical	Pair Corr
0.58	FMST	Foremost Lithium Resource	Pair Corr
0.56	ASH	Ashland Global Holdings	Pair Corr
0.5	BCC	Boise Cascad Llc	Pair Corr
0.44	ALB	Albemarle Corp	Pair Corr
0.42	EGO	Eldorado Gold Corp	Pair Corr

Related Correlations Analysis

	AVD	FMC	BIOX	CTVA	IPI	BHIL	CF	MOS	NTR	SMG
AVD		0.15	0.25	0.81	0.56	0.13	0.38	0.79	0.6	0.44	AVD
FMC	0.15		0.83	-0.11	0.0	0.73	0.77	0.34	-0.21	0.79	FMC
BIOX	0.25	0.83		-0.12	-0.12	0.81	0.86	0.43	-0.25	0.87	BIOX
CTVA	0.81	-0.11	-0.12		0.81	-0.27	0.14	0.74	0.86	0.1	CTVA
IPI	0.56	0.0	-0.12	0.81		-0.39	0.13	0.71	0.87	0.09	IPI
BHIL	0.13	0.73	0.81	-0.27	-0.39		0.67	0.14	-0.5	0.68	BHIL
CF	0.38	0.77	0.86	0.14	0.13	0.67		0.59	0.05	0.78	CF
MOS	0.79	0.34	0.43	0.74	0.71	0.14	0.59		0.65	0.58	MOS
NTR	0.6	-0.21	-0.25	0.86	0.87	-0.5	0.05	0.65		-0.11	NTR
SMG	0.44	0.79	0.87	0.1	0.09	0.68	0.78	0.58	-0.11		SMG
	AVD	FMC	BIOX	CTVA	IPI	BHIL	CF	MOS	NTR	SMG

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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

SMG	+ 0.87	BIOX
NTR	+ 0.87	IPI
CF	+ 0.86	BIOX
NTR	+ 0.86	CTVA
BIOX	+ 0.83	FMC
CTVA	+ 0.81	AVD

High negative correlations

NTR	- 0.5	BHIL
BHIL	- 0.39	IPI
BHIL	- 0.27	CTVA
NTR	- 0.25	BIOX
NTR	- 0.21	FMC
IPI	- 0.12	BIOX

Risk-Adjusted Indicators

There is a big difference between CTA-PB Preferred Stock performing well and E I Company 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 E I'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
AVD	2.73	(0.12)	0.00	(0.18)	0.00	0.00	6.77	(6.27)	15.45
FMC	2.18	(0.32)	0.00	(3.72)	0.00	0.00	3.85	(3.69)	38.47
BIOX	3.21	(0.36)	0.00	(0.77)	0.00	0.00	8.70	(6.88)	26.87
CTVA	1.12	0.12	0.10	0.07	1.29	(1.30)	2.34	(2.29)	8.81
IPI	2.23	0.37	0.13	0.18	2.44	(2.42)	6.96	(3.69)	16.60
BHIL	8.56	(0.28)	0.00	(0.17)	0.00	0.00	19.50	(16.48)	153.37
CF	1.66	(0.10)	0.00	(0.23)	0.00	0.00	2.51	(4.59)	15.08
MOS	1.82	0.13	0.07	0.08	2.04	(2.07)	3.71	(3.58)	12.77
NTR	1.53	0.20	0.13	0.16	1.58	(1.87)	3.42	(2.67)	10.90
SMG	1.61	(0.19)	0.00	(0.33)	0.00	0.00	3.45	(3.51)	11.16

Be your own money manager

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