COMCAST Correlations

Bonds . USA . 
Bond . COMCAST P NEW
20030NCS8   99.67  0.13  0.13%   
The correlation of COMCAST 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.

COMCAST Correlation With Market

Very good diversification

The correlation between COMCAST P NEW and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COMCAST P NEW and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to COMCAST could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COMCAST 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 COMCAST - 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 COMCAST P NEW to buy it.

Moving against COMCAST Bond

  0.57AMBR Amber Road, Symbol ChangePairCorr
  0.46GTN Gray TelevisionPairCorr
  0.45TKOMF Tokio Marine HoldingsPairCorr
  0.44ISMAY Indra Sistemas SAPairCorr
  0.39SPNT Siriuspoint Normal TradingPairCorr
  0.39GLE Global Engine GroupPairCorr
  0.37GDXU MicroSectors Gold MinersPairCorr
  0.32UTF Cohen And SteersPairCorr

Related Correlations Analysis

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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   
NVST
+ 0.63
MESA
IH
+ 0.4
FKWL
NRRWF
+ 0.32
FKWL
EDTK
+ 0.31
MESA
EDTK
+ 0.29
NRRWF
NRRWF
+ 0.23
NVST
  
High negative correlations   
IH
- 0.79
MESA
IH
- 0.66
NVST
FKWL
- 0.5
MESA
NRRWF
- 0.11
MESA
IH
- 0.08
EDTK
IH
- 0.0
BTNY

Risk-Adjusted Indicators

There is a big difference between COMCAST Bond performing well and COMCAST 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 COMCAST'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.

Be your own money manager

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