09261BAG5 Correlations

09261BAG5

84.62 0.00 0.00%

The current 90-days correlation between BX 255 30 and Hochschild Mining PLC is 0.28 (i.e., Modest diversification). The correlation of 09261BAG5 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.

09261BAG5 Correlation With Market

Good diversification

The correlation between BX 255 30 MAR 32 and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BX 255 30 MAR 32 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 09261BAG5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 09261BAG5 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 09261BAG5 - 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 BX 255 30 MAR 32 to buy it.

Moving together with 09261BAG5 Bond

0.62	GTN	Gray Television	Pair Corr
0.62	GDXU	MicroSectors Gold Miners	Pair Corr
0.61	KO	Coca Cola Sell-off Trend	Pair Corr
0.75	VZ	Verizon Communications Sell-off Trend	Pair Corr

Moving against 09261BAG5 Bond

0.87	HPQ	HP Inc	Pair Corr
0.83	AXP	American Express	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.72	MSFT	Microsoft Aggressive Push	Pair Corr
0.62	BA	Boeing	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.47	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	HCHDF	ALB-PA	UAN	LXFR	TTWO	AVNT	NL
HCHDF		0.01	-0.33	-0.66	0.16	-0.59	0.39	HCHDF
ALB-PA	0.01		0.28	0.27	-0.71	0.1	0.58	ALB-PA
UAN	-0.33	0.28		0.52	-0.09	0.27	0.05	UAN
LXFR	-0.66	0.27	0.52		-0.12	0.6	-0.01	LXFR
TTWO	0.16	-0.71	-0.09	-0.12		0.07	-0.49	TTWO
AVNT	-0.59	0.1	0.27	0.6	0.07		-0.1	AVNT
NL	0.39	0.58	0.05	-0.01	-0.49	-0.1		NL
	HCHDF	ALB-PA	UAN	LXFR	TTWO	AVNT	NL

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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

AVNT	+ 0.6	LXFR
NL	+ 0.58	ALB-PA
LXFR	+ 0.52	UAN
NL	+ 0.39	HCHDF
UAN	+ 0.28	ALB-PA
LXFR	+ 0.27	ALB-PA

High negative correlations

TTWO	- 0.71	ALB-PA
LXFR	- 0.66	HCHDF
AVNT	- 0.59	HCHDF
NL	- 0.49	TTWO
UAN	- 0.33	HCHDF
TTWO	- 0.12	LXFR

Risk-Adjusted Indicators

There is a big difference between 09261BAG5 Bond performing well and 09261BAG5 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 09261BAG5'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
HCHDF	2.66	0.42	0.11	0.54	3.20	(3.27)	8.09	(4.64)	20.97
ALB-PA	1.66	(0.20)	0.00	(0.25)	0.00	0.00	3.60	(3.59)	11.25
UAN	1.09	0.04	0.03	0.05	1.34	(1.11)	1.97	(1.80)	9.48
LXFR	1.73	(0.21)	0.00	(0.19)	0.00	0.00	2.60	(4.10)	11.40
TTWO	1.36	0.25	0.15	0.59	1.42	(1.42)	3.00	(2.79)	17.26
AVNT	1.53	(0.23)	0.00	1.10	0.00	0.00	3.44	(2.77)	8.24
NL	2.32	(0.14)	0.00	(0.08)	0.00	0.00	5.56	(5.94)	13.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in 09261BAG5 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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