CONSOLIDATED Correlations

209111FN8

68.00 5.58 7.58%

The current 90-days correlation between CONSOLIDATED EDISON and Contextlogic is 0.13 (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

Significant diversification

The correlation between CONSOLIDATED EDISON N and DJI is 0.01 (i.e., Significant 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 against CONSOLIDATED Bond

0.59	RGC	Regencell Bioscience Trending	Pair Corr
0.44	GTN	Gray Television	Pair Corr
0.4	GDXU	MicroSectors Gold Miners	Pair Corr
0.39	UTF	Cohen And Steers	Pair Corr
0.38	AEM	Agnico Eagle Mines	Pair Corr
0.37	HTD	John Hancock Tax	Pair Corr
0.32	ISMAY	Indra Sistemas SA	Pair Corr
0.31	ANPMF	Andean Precious Metals	Pair Corr

Related Correlations Analysis

	LOGC	JYNT	MOGU	ALVO	AQST	ATEC	TMCI	CVI
LOGC		0.57	-0.2	-0.36	-0.44	0.43	0.66	-0.02	LOGC
JYNT	0.57		-0.07	-0.3	-0.27	0.37	0.57	0.47	JYNT
MOGU	-0.2	-0.07		0.64	0.18	0.44	0.23	0.21	MOGU
ALVO	-0.36	-0.3	0.64		0.55	-0.01	0.04	0.14	ALVO
AQST	-0.44	-0.27	0.18	0.55		-0.51	-0.42	-0.13	AQST
ATEC	0.43	0.37	0.44	-0.01	-0.51		0.79	0.14	ATEC
TMCI	0.66	0.57	0.23	0.04	-0.42	0.79		0.22	TMCI
CVI	-0.02	0.47	0.21	0.14	-0.13	0.14	0.22		CVI
	LOGC	JYNT	MOGU	ALVO	AQST	ATEC	TMCI	CVI

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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

TMCI	+ 0.79	ATEC
TMCI	+ 0.66	LOGC
ALVO	+ 0.64	MOGU
JYNT	+ 0.57	LOGC
TMCI	+ 0.57	JYNT
AQST	+ 0.55	ALVO

High negative correlations

ATEC	- 0.51	AQST
AQST	- 0.44	LOGC
TMCI	- 0.42	AQST
ALVO	- 0.36	LOGC
ALVO	- 0.3	JYNT
AQST	- 0.27	JYNT

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
LOGC	2.43	0.16	0.06	0.43	2.83	(2.69)	5.19	(4.24)	27.34
JYNT	1.62	0.24	0.15	0.27	1.39	(2.02)	4.55	(2.75)	10.24
MOGU	2.99	0.13	0.03	(0.36)	3.87	(3.22)	6.47	(7.94)	18.01
ALVO	1.49	(0.05)	0.00	(0.21)	0.00	0.00	4.44	(3.16)	11.96
AQST	3.30	(0.19)	0.00	(0.11)	0.00	0.00	6.23	(7.48)	21.67
ATEC	2.84	0.21	0.06	0.52	3.23	(3.06)	5.93	(5.59)	17.14
TMCI	2.79	0.26	0.09	0.16	2.55	(3.32)	8.14	(4.19)	20.40
CVI	2.23	0.15	0.05	0.47	2.75	(2.15)	5.07	(4.18)	12.26

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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