25278XAT6 Correlations
| 25278XAT6 | 79.16 0.74 0.93% |
The current 90-days correlation between FANG 425 15 and Black Hills is 0.06 (i.e., Significant diversification). The correlation of 25278XAT6 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.
25278XAT6 Correlation With Market
Average diversification
The correlation between FANG 425 15 MAR 52 and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FANG 425 15 MAR 52 and DJI in the same portfolio, assuming nothing else is changed.
25278XAT6 |
The ability to find closely correlated positions to 25278XAT6 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 25278XAT6 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 25278XAT6 - 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 FANG 425 15 MAR 52 to buy it.
Moving together with 25278XAT6 Bond
| 0.76 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.81 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.7 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.72 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Moving against 25278XAT6 Bond
| 0.69 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.62 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.62 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.61 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.56 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.52 | ELFNX | Elfun Trusts Elfun | PairCorr |
| 0.51 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.45 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.44 | WMT | Walmart | PairCorr |
| 0.44 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.36 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| 0.85 | 0.43 | 0.75 | 0.62 | 0.88 | 0.56 | BKH | ||
| 0.85 | 0.17 | 0.59 | 0.42 | 0.77 | 0.43 | LNT | ||
| 0.43 | 0.17 | 0.77 | 0.88 | 0.53 | 0.78 | SNCY | ||
| 0.75 | 0.59 | 0.77 | 0.85 | 0.78 | 0.82 | TGS | ||
| 0.62 | 0.42 | 0.88 | 0.85 | 0.78 | 0.87 | SKYW | ||
| 0.88 | 0.77 | 0.53 | 0.78 | 0.78 | 0.69 | SWX | ||
| 0.56 | 0.43 | 0.78 | 0.82 | 0.87 | 0.69 | KEN | ||
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Risk-Adjusted Indicators
There is a big difference between 25278XAT6 Bond performing well and 25278XAT6 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 25278XAT6'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKH | 0.89 | (0.07) | (0.09) | 0.03 | 0.89 | 2.11 | 4.60 | |||
| LNT | 0.91 | 0.03 | (0.07) | 0.91 | 1.01 | 2.04 | 5.81 | |||
| SNCY | 2.66 | 0.47 | 0.18 | 0.52 | 2.41 | 7.47 | 16.71 | |||
| TGS | 2.12 | 0.68 | 0.23 | (4.25) | 1.87 | 6.03 | 10.63 | |||
| SKYW | 1.41 | 0.37 | 0.32 | 0.30 | 1.06 | 3.80 | 11.12 | |||
| SWX | 1.04 | 0.06 | (0.01) | 0.29 | 1.06 | 2.23 | 6.98 | |||
| KEN | 1.33 | 0.28 | 0.13 | 0.66 | 1.39 | 3.01 | 8.45 |
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