Investor Correlations

The current 90-days correlation between Investor AB ser and State Street Corp is 0.12 (i.e., Average diversification). The correlation of Investor 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.

Investor Correlation With Market

Average diversification

The correlation between Investor AB ser and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investor AB ser and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Investor Pink Sheet

0.69	BK	Bank of New York	Pair Corr
0.66	AAGH	America Great Health	Pair Corr
0.77	DNCVF	Defiance Silver Corp	Pair Corr
0.7	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.83	TCTZF	Tencent Holdings	Pair Corr
0.88	AXSM	Axsome Therapeutics	Pair Corr
0.64	FWEDF	Fireweed Zinc	Pair Corr
0.61	NVRO	Nevro Corp	Pair Corr
0.84	BAOB	Baraboo Bancorporation	Pair Corr
0.81	CDR-PB	Cedar Realty Trust	Pair Corr

Moving against Investor Pink Sheet

0.8	STI	Solidion Technology	Pair Corr
0.73	APO	Apollo Global Management	Pair Corr
0.68	BX	Blackstone Group Normal Trading	Pair Corr
0.63	BLK	BlackRock	Pair Corr
0.56	ARES	Ares Management LP	Pair Corr
0.43	AMP	Ameriprise Financial Sell-off Trend	Pair Corr

Related Correlations Analysis

	GOF	PDI	RIV	CLM	OPP	BEN	BLK	MAIN	BX	ARCC
GOF		0.92	0.59	-0.51	0.8	-0.03	-0.72	0.01	-0.8	0.05	GOF
PDI	0.92		0.69	-0.43	0.88	-0.03	-0.68	0.13	-0.72	0.25	PDI
RIV	0.59	0.69		0.22	0.62	0.27	-0.29	0.66	-0.15	0.7	RIV
CLM	-0.51	-0.43	0.22		-0.4	0.45	0.58	0.7	0.74	0.52	CLM
OPP	0.8	0.88	0.62	-0.4		0.02	-0.61	0.1	-0.68	0.2	OPP
BEN	-0.03	-0.03	0.27	0.45	0.02		0.54	0.58	0.33	0.48	BEN
BLK	-0.72	-0.68	-0.29	0.58	-0.61	0.54		0.33	0.85	0.27	BLK
MAIN	0.01	0.13	0.66	0.7	0.1	0.58	0.33		0.48	0.91	MAIN
BX	-0.8	-0.72	-0.15	0.74	-0.68	0.33	0.85	0.48		0.4	BX
ARCC	0.05	0.25	0.7	0.52	0.2	0.48	0.27	0.91	0.4		ARCC
	GOF	PDI	RIV	CLM	OPP	BEN	BLK	MAIN	BX	ARCC

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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

PDI	+ 0.92	GOF
ARCC	+ 0.91	MAIN
OPP	+ 0.88	PDI
BX	+ 0.85	BLK
OPP	+ 0.8	GOF
BX	+ 0.74	CLM

High negative correlations

BX	- 0.8	GOF
BX	- 0.72	PDI
BLK	- 0.72	GOF
BX	- 0.68	OPP
BLK	- 0.68	PDI
BLK	- 0.61	OPP

Risk-Adjusted Indicators

There is a big difference between Investor Pink Sheet performing well and Investor 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 Investor'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
GOF	0.43	0.14	0.27	0.64	0.40	(0.46)	0.97	(1.01)	2.89
PDI	0.29	0.19	0.53	0.98	0.00	(0.36)	0.82	(0.53)	2.07
RIV	0.59	0.08	0.17	0.19	0.66	(0.68)	1.48	(1.20)	4.71
CLM	0.90	(0.10)	0.00	(0.29)	0.00	0.00	1.31	(2.45)	9.55
OPP	0.38	0.10	0.34	2.81	0.24	(0.47)	0.82	(0.72)	2.32
BEN	1.37	0.05	0.00	(0.01)	0.00	0.00	2.21	(2.05)	17.21
BLK	1.17	(0.06)	0.00	(0.12)	0.00	0.00	3.14	(3.09)	10.93
MAIN	1.05	0.11	0.09	0.09	1.28	(1.05)	2.09	(1.96)	6.72
BX	1.67	(0.12)	0.00	(0.15)	0.00	0.00	2.72	(4.10)	8.36
ARCC	0.82	0.08	0.10	0.11	1.09	(0.83)	1.53	(1.94)	5.67

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