17136MAC6 Correlations
| 17136MAC6 | 106.79 3.65 3.54% |
The current 90-days correlation between CHD 56 15 and AEP TEX INC is 0.6 (i.e., Poor diversification). The correlation of 17136MAC6 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.
17136MAC6 Correlation With Market
Good diversification
The correlation between CHD 56 15 NOV 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 CHD 56 15 NOV 32 and DJI in the same portfolio, assuming nothing else is changed.
17136MAC6 |
The ability to find closely correlated positions to 17136MAC6 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 17136MAC6 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 17136MAC6 - 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 CHD 56 15 NOV 32 to buy it.
Moving against 17136MAC6 Bond
| 0.82 | GLPPRB | Global Partners LP | PairCorr |
| 0.8 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.79 | DASH | DoorDash, Class A | PairCorr |
| 0.76 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | RCMT | RCM Technologies | PairCorr |
| 0.74 | FNCL | Fidelity MSCI Financials | PairCorr |
| 0.74 | IBLC | iShares Blockchain and | PairCorr |
| 0.73 | EVGR | Evergreen Corp | PairCorr |
| 0.73 | SOFR | SOFR Symbol Change | PairCorr |
| 0.71 | HUT | Hut 8 Corp | PairCorr |
| 0.69 | PETS | PetMed Express | PairCorr |
| 0.65 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.63 | TRT | Trio Tech International | PairCorr |
| 0.63 | FFTY | Innovator IBD 50 | PairCorr |
| 0.58 | NERD | Roundhill Video Games | PairCorr |
| 0.57 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.56 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.55 | SHYL | Xtrackers Short Duration | PairCorr |
| 0.45 | OBYCF | Obayashi | PairCorr |
| 0.79 | LMOFX | Miller Opportunity Trust | PairCorr |
| 0.74 | LOUP | Innovator Loup Frontier | PairCorr |
| 0.72 | FCSKX | Franklin Vertible | PairCorr |
| 0.71 | NVDX | T Rex 2X | PairCorr |
| 0.71 | VSLU | ETF Opportunities Trust | PairCorr |
| 0.71 | ISJBX | Voya Stock Index | PairCorr |
| 0.71 | DTGRX | Dreyfus Technology Growth | PairCorr |
| 0.7 | TRFK | Pacer Funds Trust | PairCorr |
| 0.7 | HGOVX | Hartford Growth | PairCorr |
| 0.69 | FRSGX | Franklin Small Mid | PairCorr |
| 0.69 | HAGAX | Eagle Mid Cap | PairCorr |
| 0.69 | ASG | Liberty All Star | PairCorr |
| 0.68 | CFSIX | Touchstone Sands Capital | PairCorr |
| 0.68 | SFEPX | Guggenheim Styleplus Potential Growth | PairCorr |
| 0.68 | AFOZX | Alger Funds Mid | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between 17136MAC6 Bond performing well and 17136MAC6 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 17136MAC6'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 | 1.45 | 0.13 | 0.05 | (0.49) | 1.90 | 5.71 | 13.40 | |||
| 90331HPL1 | 0.37 | (0.02) | 0.00 | (0.16) | 0.00 | 1.39 | 7.15 | |||
| RBCAA | 1.62 | 0.06 | 0.04 | 0.05 | 2.14 | 3.17 | 20.10 | |||
| BYDDY | 2.14 | 0.18 | 0.05 | (0.41) | 2.68 | 5.74 | 16.73 | |||
| CEROW | 26.34 | 5.11 | 0.20 | (1.73) | 22.06 | 66.67 | 191.74 | |||
| FRCOF | 0.93 | 0.18 | 0.00 | (0.96) | 0.00 | 2.65 | 23.45 | |||
| RCMT | 1.59 | 0.12 | 0.05 | 0.14 | 2.18 | 3.43 | 12.78 | |||
| SLLN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRT | 2.55 | 0.24 | 0.07 | 1.17 | 2.68 | 5.68 | 17.89 | |||
| SMLR | 5.77 | 1.65 | 0.30 | 0.57 | 4.71 | 16.06 | 44.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 17136MAC6 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.Did you try this?
Run Fundamentals Comparison Now
Fundamentals ComparisonCompare fundamentals across multiple equities to find investing opportunities |
| All Next | Launch Module |