CAPITAL Correlations

14040HBZ7

99.82 0.02 0.02%

The current 90-days correlation between CAPITAL ONE FINL and AEP TEX INC is -0.16 (i.e., Good diversification). The correlation of CAPITAL 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.

CAPITAL Correlation With Market

Good diversification

The correlation between CAPITAL ONE FINL and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CAPITAL ONE FINL and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CAPITAL Bond

0.74	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.78	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.72	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against CAPITAL Bond

0.76	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.75	DIS	Walt Disney Aggressive Push	Pair Corr
0.69	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.6	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.57	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.56	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.39	HD	Home Depot	Pair Corr
0.37	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	JXN-PA	MET	BREA	FTNT	CSCO	GE	BA	BAC
00108WAF7		-0.01	-0.07	-0.09	0.15	0.0	-0.06	-0.08	0.08	-0.01	00108WAF7
90331HPL1	-0.01		0.09	-0.25	0.49	-0.39	-0.21	0.14	0.12	-0.45	90331HPL1
JXN-PA	-0.07	0.09		0.75	0.21	0.52	0.82	0.57	-0.68	0.55	JXN-PA
MET	-0.09	-0.25	0.75		-0.02	0.63	0.79	0.66	-0.54	0.67	MET
BREA	0.15	0.49	0.21	-0.02		-0.24	0.1	0.08	0.22	-0.16	BREA
FTNT	0.0	-0.39	0.52	0.63	-0.24		0.83	0.18	-0.65	0.93	FTNT
CSCO	-0.06	-0.21	0.82	0.79	0.1	0.83		0.36	-0.66	0.89	CSCO
GE	-0.08	0.14	0.57	0.66	0.08	0.18	0.36		-0.35	0.1	GE
BA	0.08	0.12	-0.68	-0.54	0.22	-0.65	-0.66	-0.35		-0.59	BA
BAC	-0.01	-0.45	0.55	0.67	-0.16	0.93	0.89	0.1	-0.59		BAC
	00108WAF7	90331HPL1	JXN-PA	MET	BREA	FTNT	CSCO	GE	BA	BAC

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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

BAC	+ 0.93	FTNT
BAC	+ 0.89	CSCO
CSCO	+ 0.83	FTNT
CSCO	+ 0.82	JXN-PA
CSCO	+ 0.79	MET
MET	+ 0.75	JXN-PA

High negative correlations

BA	- 0.68	JXN-PA
BA	- 0.66	CSCO
BA	- 0.65	FTNT
BAC	- 0.59	BA
BA	- 0.54	MET
BAC	- 0.45	90331HPL1

Risk-Adjusted Indicators

There is a big difference between CAPITAL Bond performing well and CAPITAL 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 CAPITAL'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
00108WAF7	1.34	0.08	0.00	0.36	1.85	(1.43)	3.24	(2.55)	10.75
90331HPL1	0.37	(0.02)	0.00	(0.49)	0.00	0.00	1.39	(1.70)	7.05
JXN-PA	0.41	0.05	(0.12)	0.85	0.41	(0.47)	1.03	(0.81)	2.56
MET	1.01	0.06	0.07	0.17	1.34	(1.09)	2.31	(2.34)	9.20
BREA	5.42	0.37	0.07	0.47	4.79	(8.64)	13.89	(9.09)	56.83
FTNT	1.37	0.24	0.15	0.37	1.17	(1.55)	3.57	(2.47)	13.48
CSCO	0.73	0.15	0.17	0.30	0.46	(0.85)	1.72	(1.14)	6.38
GE	1.34	(0.06)	(0.01)	0.08	2.27	(1.27)	2.85	(2.36)	14.10
BA	1.74	(0.18)	0.00	(0.29)	0.00	0.00	3.11	(3.41)	8.23
BAC	1.07	0.08	0.16	0.18	0.65	(1.34)	2.19	(1.41)	9.84

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