15089QAP9 Correlations

15089QAP9

102.79 0.03 0.03%

The current 90-days correlation between CE 6379 15 and Eastman Chemical is -0.11 (i.e., Good diversification). The correlation of 15089QAP9 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.

15089QAP9 Correlation With Market

Good diversification

The correlation between CE 6379 15 JUL 32 and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CE 6379 15 JUL 32 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 15089QAP9 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 15089QAP9 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 15089QAP9 - 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 CE 6379 15 JUL 32 to buy it.

Moving together with 15089QAP9 Bond

0.66	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against 15089QAP9 Bond

0.81	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.64	AVTE	Aerovate Therapeutics	Pair Corr
0.63	ELFNX	Elfun Trusts Elfun	Pair Corr
0.61	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.59	WMT	Walmart Aggressive Push	Pair Corr
0.56	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.55	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.46	DIS	Walt Disney	Pair Corr
0.43	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.32	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.32	TRV	The Travelers Companies Sell-off Trend	Pair Corr

Related Correlations Analysis

	EMN	OSKXF	SYPLF	EVVTY	MATV	SEE	ASTL	AVNT
EMN		-0.38	-0.38	0.6	0.72	-0.19	-0.41	0.02	EMN
OSKXF	-0.38		1.0	-0.63	-0.63	0.34	0.25	0.21	OSKXF
SYPLF	-0.38	1.0		-0.63	-0.63	0.34	0.25	0.21	SYPLF
EVVTY	0.6	-0.63	-0.63		0.77	-0.38	-0.25	-0.35	EVVTY
MATV	0.72	-0.63	-0.63	0.77		-0.36	-0.49	-0.41	MATV
SEE	-0.19	0.34	0.34	-0.38	-0.36		0.06	0.27	SEE
ASTL	-0.41	0.25	0.25	-0.25	-0.49	0.06		0.62	ASTL
AVNT	0.02	0.21	0.21	-0.35	-0.41	0.27	0.62		AVNT
	EMN	OSKXF	SYPLF	EVVTY	MATV	SEE	ASTL	AVNT

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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

SYPLF	+ 1.0	OSKXF
MATV	+ 0.77	EVVTY
MATV	+ 0.72	EMN
AVNT	+ 0.62	ASTL
EVVTY	+ 0.6	EMN
SEE	+ 0.34	OSKXF

High negative correlations

MATV	- 0.63	SYPLF
EVVTY	- 0.63	SYPLF
MATV	- 0.63	OSKXF
EVVTY	- 0.63	OSKXF
ASTL	- 0.49	MATV
AVNT	- 0.41	MATV

Risk-Adjusted Indicators

There is a big difference between 15089QAP9 Bond performing well and 15089QAP9 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 15089QAP9'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
EMN	1.02	(0.15)	0.00	(0.11)	0.00	0.00	2.38	(2.02)	6.93
OSKXF	0.03	0.01	0.00	(0.35)	0.00	0.00	0.00	0.00	0.99
SYPLF	0.02	0.00	0.00	(0.07)	0.00	0.00	0.00	0.00	0.71
EVVTY	1.31	(0.21)	0.00	0.93	0.00	0.00	1.54	(2.98)	19.65
MATV	2.33	(0.70)	0.00	(0.27)	0.00	0.00	3.64	(4.87)	29.08
SEE	1.25	0.05	0.03	0.12	1.48	(1.24)	2.28	(2.44)	8.29
ASTL	1.60	(0.18)	0.00	(0.06)	0.00	0.00	3.78	(3.26)	12.55
AVNT	1.27	(0.12)	(0.05)	0.00	1.39	(1.51)	2.83	(1.99)	8.05

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Our tools can tell you how much better you can do entering a position in 15089QAP9 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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