29670GAG7 Correlations
| 29670GAG7 | 90.30 1.39 1.52% |
The current 90-days correlation between WTRG 53 01 and NETGEAR is -0.03 (i.e., Good diversification). The correlation of 29670GAG7 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.
29670GAG7 Correlation With Market
Significant diversification
The correlation between WTRG 53 01 MAY 52 and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WTRG 53 01 MAY 52 and DJI in the same portfolio, assuming nothing else is changed.
29670GAG7 |
The ability to find closely correlated positions to 29670GAG7 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 29670GAG7 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 29670GAG7 - 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 WTRG 53 01 MAY 52 to buy it.
Moving against 29670GAG7 Bond
| 0.78 | GLPPRB | Global Partners LP | PairCorr |
| 0.77 | SOFR | SOFR Symbol Change | PairCorr |
| 0.75 | EVGR | Evergreen Corp | PairCorr |
| 0.73 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | PETS | PetMed Express | PairCorr |
| 0.71 | DASH | DoorDash, Class A | PairCorr |
| 0.7 | HUT | Hut 8 Corp | PairCorr |
| 0.67 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | IBLC | iShares Blockchain and | PairCorr |
| 0.63 | RCMT | RCM Technologies | PairCorr |
| 0.63 | FNCL | Fidelity MSCI Financials | PairCorr |
| 0.59 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.59 | NERD | Roundhill Video Games | PairCorr |
| 0.57 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.54 | FFTY | Innovator IBD 50 | PairCorr |
| 0.53 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.46 | SHYL | Xtrackers Short Duration | PairCorr |
| 0.45 | OBYCF | Obayashi | PairCorr |
| 0.41 | TRT | Trio Tech International | PairCorr |
| 0.31 | NETDU | Nabors Energy Transition | PairCorr |
| 0.72 | HGOVX | Hartford Growth | PairCorr |
| 0.7 | LOUP | Innovator Loup Frontier | PairCorr |
| 0.69 | QJUN | First Trust Exchange | PairCorr |
| 0.69 | DTGRX | Dreyfus Technology Growth | PairCorr |
| 0.68 | CFSIX | Touchstone Sands Capital | PairCorr |
| 0.67 | LMOFX | Miller Opportunity Trust | PairCorr |
| 0.66 | TRFK | Pacer Funds Trust | PairCorr |
| 0.64 | VSLU | ETF Opportunities Trust | PairCorr |
| 0.63 | ARKQ | ARK Autonomous Technology | PairCorr |
| 0.61 | ISJBX | Voya Stock Index | PairCorr |
| 0.61 | SFEPX | Guggenheim Styleplus Potential Growth | PairCorr |
| 0.6 | NVDX | T Rex 2X | PairCorr |
| 0.6 | FRSGX | Franklin Small Mid | PairCorr |
| 0.6 | FCSKX | Franklin Vertible | PairCorr |
| 0.6 | AFOZX | Alger Funds Mid | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 29670GAG7 Bond performing well and 29670GAG7 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 29670GAG7'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NTGR | 1.83 | 0.47 | 0.25 | 1.06 | 1.48 | 4.83 | 11.27 | |||
| WDC | 1.74 | (0.15) | 0.00 | (0.10) | 0.00 | 4.61 | 12.93 | |||
| DLPN | 3.38 | (0.26) | 0.00 | (0.32) | 0.00 | 8.45 | 21.14 | |||
| COE | 2.91 | 0.24 | 0.06 | (20.41) | 3.32 | 9.36 | 28.89 | |||
| NOW | 1.38 | 0.24 | 0.14 | 0.24 | 1.47 | 2.77 | 11.04 | |||
| AIHS | 2.78 | (0.30) | 0.00 | 0.48 | 0.00 | 5.22 | 15.58 | |||
| LPCN | 3.46 | 0.12 | 0.02 | 0.18 | 5.01 | 7.08 | 24.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 29670GAG7 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?
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