CONSOLIDATED Correlations

209111FD0

83.02 5.20 5.89%

The current 90-days correlation between CONSOLIDATED EDISON and Cedar Realty Trust is 0.14 (i.e., Average diversification). The correlation of CONSOLIDATED 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.

CONSOLIDATED Correlation With Market

Good diversification

The correlation between CONSOLIDATED EDISON N and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CONSOLIDATED EDISON N and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CONSOLIDATED Bond

0.72	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.65	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against CONSOLIDATED Bond

0.76	CSCO	Cisco Systems	Pair Corr
0.75	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.7	ELFNX	Elfun Trusts Elfun	Pair Corr
0.68	AVTE	Aerovate Therapeutics	Pair Corr
0.64	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.62	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.59	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.56	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.56	WMT	Walmart	Pair Corr
0.52	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.49	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.45	DIS	Walt Disney	Pair Corr
0.36	CAT	Caterpillar Sell-off Trend	Pair Corr
0.36	HD	Home Depot	Pair Corr

Related Correlations Analysis

	CDR-PB	FSTR	SPG	SCL	ZEUS	STKL	MATV
CDR-PB		0.57	0.69	0.29	0.46	0.56	-0.7	CDR-PB
FSTR	0.57		0.85	0.2	0.8	0.87	-0.82	FSTR
SPG	0.69	0.85		0.19	0.69	0.73	-0.89	SPG
SCL	0.29	0.2	0.19		0.57	0.39	-0.07	SCL
ZEUS	0.46	0.8	0.69	0.57		0.75	-0.56	ZEUS
STKL	0.56	0.87	0.73	0.39	0.75		-0.74	STKL
MATV	-0.7	-0.82	-0.89	-0.07	-0.56	-0.74		MATV
	CDR-PB	FSTR	SPG	SCL	ZEUS	STKL	MATV

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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

STKL	+ 0.87	FSTR
SPG	+ 0.85	FSTR
ZEUS	+ 0.8	FSTR
STKL	+ 0.75	ZEUS
STKL	+ 0.73	SPG
SPG	+ 0.69	CDR-PB

High negative correlations

MATV	- 0.89	SPG
MATV	- 0.82	FSTR
MATV	- 0.74	STKL
MATV	- 0.7	CDR-PB
MATV	- 0.56	ZEUS
MATV	- 0.07	SCL

Risk-Adjusted Indicators

There is a big difference between CONSOLIDATED Bond performing well and CONSOLIDATED 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 CONSOLIDATED'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
CDR-PB	1.88	0.35	0.08	(1.74)	2.41	(2.15)	4.50	(4.61)	13.67
FSTR	1.92	0.44	0.27	0.32	1.41	(2.24)	6.37	(3.31)	14.55
SPG	0.80	0.12	0.06	0.45	0.80	(0.90)	1.76	(1.59)	4.38
SCL	1.22	(0.12)	(0.03)	0.02	1.54	(1.19)	2.04	(2.60)	12.17
ZEUS	2.09	(0.09)	0.01	0.05	2.19	(2.27)	4.04	(3.52)	14.88
STKL	1.90	0.25	0.10	0.36	1.99	(2.07)	3.82	(3.78)	15.09
MATV	2.34	(0.72)	0.00	(0.25)	0.00	0.00	3.96	(4.87)	29.08

Be your own money manager

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