191216DE7 Correlations
| 191216DE7 | 79.90 1.98 2.42% |
The current 90-days correlation between COCA A CO and Hf Foods Group is -0.11 (i.e., Good diversification). The correlation of 191216DE7 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.
191216DE7 Correlation With Market
Very good diversification
The correlation between COCA COLA CO and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COCA COLA CO and DJI in the same portfolio, assuming nothing else is changed.
191216DE7 |
The ability to find closely correlated positions to 191216DE7 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 191216DE7 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 191216DE7 - 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 COCA COLA CO to buy it.
Moving against 191216DE7 Bond
| 0.72 | JBBB | Janus Detroit Street | PairCorr |
| 0.68 | CRAI | CRA International | PairCorr |
| 0.65 | DMRC | Digimarc | PairCorr |
| 0.64 | FELG | Fidelity Covington Trust | PairCorr |
| 0.61 | IDAT | Ishares Trust | PairCorr |
| 0.6 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.57 | PETS | PetMed Express | PairCorr |
| 0.55 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.55 | BSGM | BioSig Technologies, | PairCorr |
| 0.54 | IBLC | iShares Blockchain and | PairCorr |
| 0.52 | SMLR | Semler Scientific | PairCorr |
| 0.52 | RPG | Invesco SP 500 | PairCorr |
| 0.51 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.47 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.47 | WBA | Walgreens Boots Alliance | PairCorr |
| 0.43 | 784730AB9 | US784730AB94 | PairCorr |
| 0.42 | ENFR | Alerian Energy Infra | PairCorr |
| 0.37 | PSQH | PSQ Holdings | PairCorr |
| 0.33 | OBYCF | Obayashi | PairCorr |
| 0.67 | PSDSX | Palmer Square Ultra | PairCorr |
| 0.66 | PSHAX | Short Term Fund | PairCorr |
| 0.64 | SOFR | SOFR Symbol Change | PairCorr |
| 0.64 | HGOSX | Hartford Growth | PairCorr |
| 0.64 | HGOVX | Hartford Growth | PairCorr |
| 0.62 | JEPQ | JPMorgan Nasdaq Equity | PairCorr |
| 0.62 | LACXX | Lord Abbett Govt | PairCorr |
| 0.61 | QJUN | First Trust Exchange | PairCorr |
| 0.6 | LOUP | Innovator Loup Frontier | PairCorr |
| 0.6 | TRFK | Pacer Funds Trust | PairCorr |
| 0.58 | MBCZX | Massmutual Select Blue Potential Growth | PairCorr |
| 0.57 | SABA | Saba Capital Income Symbol Change | PairCorr |
| 0.55 | ARKQ | ARK Autonomous Technology | PairCorr |
| 0.55 | LMOFX | Miller Opportunity Trust | PairCorr |
| 0.53 | SFEPX | Guggenheim Styleplus Potential Growth | 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 191216DE7 Bond performing well and 191216DE7 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 191216DE7'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HFFG | 2.30 | (0.10) | 0.00 | (0.03) | 0.00 | 4.80 | 12.63 | |||
| SNDL | 1.96 | (0.19) | 0.00 | 0.69 | 0.00 | 4.05 | 24.46 | |||
| PALT | 3.61 | (0.79) | 0.00 | (0.49) | 0.00 | 6.15 | 21.62 | |||
| KSPI | 1.92 | 0.00 | 0.00 | 0.02 | 1.97 | 4.60 | 13.08 | |||
| FTLF | 1.48 | (0.09) | 0.00 | (0.13) | 0.00 | 3.35 | 14.26 | |||
| ACI | 1.09 | 0.07 | 0.05 | 0.16 | 1.13 | 2.60 | 7.55 | |||
| ZM | 1.61 | 0.36 | 0.15 | 0.36 | 2.00 | 3.43 | 12.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 191216DE7 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 Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
| All Next | Launch Module |