BSANCI Correlations

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The current 90-days correlation between BSANCI 27 10 and Transcontinental Realty Investors is 0.17 (i.e., Average diversification). The correlation of BSANCI 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.

BSANCI Correlation With Market

Average diversification

The correlation between BSANCI 27 10 JAN 25 and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BSANCI 27 10 JAN 25 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BSANCI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BSANCI 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 BSANCI - 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 BSANCI 27 10 JAN 25 to buy it.

Moving together with BSANCI Bond

0.62	AAPL	Apple Inc Sell-off Trend	Pair Corr
0.64	FSLY	Fastly Inc	Pair Corr
0.77	BKSY	Blacksky Technology Buyout Trend	Pair Corr
0.72	RITM-PC	Rithm Capital Corp	Pair Corr
0.75	DIS	Walt Disney	Pair Corr
0.76	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.75	SHOP	Shopify	Pair Corr
0.7	TDUP	ThredUp	Pair Corr
0.7	EHGO	Eshallgo Class A Downward Rally	Pair Corr

Related Correlations Analysis

	TCI	CDR-PB	AMP	EWBC	IPXXU	SACC	RCC	SHIHF
TCI		-0.03	0.27	0.16	0.43	0.57	0.24	0.73	TCI
CDR-PB	-0.03		0.49	0.5	0.06	-0.18	0.2	0.17	CDR-PB
AMP	0.27	0.49		0.94	0.16	0.36	0.53	0.52	AMP
EWBC	0.16	0.5	0.94		0.11	0.26	0.58	0.47	EWBC
IPXXU	0.43	0.06	0.16	0.11		0.51	0.46	0.67	IPXXU
SACC	0.57	-0.18	0.36	0.26	0.51		0.58	0.57	SACC
RCC	0.24	0.2	0.53	0.58	0.46	0.58		0.49	RCC
SHIHF	0.73	0.17	0.52	0.47	0.67	0.57	0.49		SHIHF
	TCI	CDR-PB	AMP	EWBC	IPXXU	SACC	RCC	SHIHF

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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

EWBC	+ 0.94	AMP
SHIHF	+ 0.73	TCI
SHIHF	+ 0.67	IPXXU
RCC	+ 0.58	EWBC
RCC	+ 0.58	SACC
SACC	+ 0.57	TCI

High negative correlations

SACC	- 0.18	CDR-PB
CDR-PB	- 0.03	TCI

Risk-Adjusted Indicators

There is a big difference between BSANCI Bond performing well and BSANCI 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 BSANCI'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
TCI	1.33	0.07	0.03	(0.24)	1.65	(1.54)	2.53	(2.64)	10.82
CDR-PB	1.86	0.04	0.01	(0.23)	2.85	(2.09)	4.50	(4.61)	18.13
AMP	1.00	0.19	0.13	0.66	1.13	(1.06)	1.96	(1.52)	13.90
EWBC	1.46	0.29	0.15	2.25	1.67	(1.67)	3.93	(2.70)	14.74
IPXXU	1.47	0.40	0.00	1.88	0.00	0.00	1.29	(1.11)	31.67
SACC	0.10	0.02	0.05	1.93	0.00	(0.13)	0.20	(0.20)	0.85
RCC	0.39	0.02	0.01	11.78	0.41	(0.54)	1.03	(0.77)	3.07
SHIHF	0.14	0.06	0.00	0.59	0.00	0.00	0.00	0.00	4.76

Be your own money manager

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