302635AK3 Correlations

302635AK3

90.62 0.27 0.30%

The current 90-days correlation between FSK 3125 12 and Enel Chile SA is 0.15 (i.e., Average diversification). The correlation of 302635AK3 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.

302635AK3 Correlation With Market

Good diversification

The correlation between FSK 3125 12 OCT 28 and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FSK 3125 12 OCT 28 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 302635AK3 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 302635AK3 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 302635AK3 - 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 FSK 3125 12 OCT 28 to buy it.

Moving together with 302635AK3 Bond

0.79

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against 302635AK3 Bond

0.59	NETDU	Nabors Energy Transition	Pair Corr
0.57	PETS	PetMed Express	Pair Corr
0.53	EVGR	Evergreen Corp	Pair Corr
0.51	SOFR	SOFR Symbol Change	Pair Corr
0.49	OBYCF	Obayashi	Pair Corr
0.49	NBIX	Neurocrine Biosciences	Pair Corr
0.44	CNOBP	ConnectOne Bancorp	Pair Corr
0.42	NERD	Roundhill Video Games	Pair Corr
0.4	HUT	Hut 8 Corp	Pair Corr
0.38	GLPPRB	Global Partners LP	Pair Corr
0.31	DASH	DoorDash, Class A	Pair Corr
0.31	IBLC	iShares Blockchain and	Pair Corr
0.62	PFNNX	Pimco Preferred And	Pair Corr
0.58	QJUN	First Trust Exchange	Pair Corr
0.57	IDAT	Ishares Trust	Pair Corr
0.55	HGOVX	Hartford Growth	Pair Corr
0.54	ARKQ	ARK Autonomous Technology	Pair Corr
0.52	WUSRX	Wells Fargo Ultra	Pair Corr
0.45	DTGRX	Dreyfus Technology Growth	Pair Corr
0.44	VSLU	ETF Opportunities Trust	Pair Corr
0.43	CFSIX	Touchstone Sands Capital	Pair Corr
0.42	LOUP	Innovator Loup Frontier	Pair Corr
0.41	ARTFX	Artisan High Income	Pair Corr
0.4	SPCZ	Listed Funds Trust	Pair Corr
0.4	TRFK	Pacer Funds Trust	Pair Corr
0.38	ISJBX	Voya Stock Index	Pair Corr
0.38	SFEPX	Guggenheim Styleplus Potential Growth	Pair Corr

Related Correlations Analysis

	ENIC	CTLT	MMSI	PCYO	VST	TOMDF	WEC	AMGN
ENIC		0.25	0.04	0.18	0.25	0.0	0.11	-0.34	ENIC
CTLT	0.25		-0.03	0.27	0.17	0.0	-0.2	-0.57	CTLT
MMSI	0.04	-0.03		0.86	0.69	0.0	0.53	-0.57	MMSI
PCYO	0.18	0.27	0.86		0.85	0.0	0.6	-0.82	PCYO
VST	0.25	0.17	0.69	0.85		0.0	0.71	-0.74	VST
TOMDF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TOMDF
WEC	0.11	-0.2	0.53	0.6	0.71	0.0		-0.33	WEC
AMGN	-0.34	-0.57	-0.57	-0.82	-0.74	0.0	-0.33		AMGN
	ENIC	CTLT	MMSI	PCYO	VST	TOMDF	WEC	AMGN

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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

PCYO	+ 0.86	MMSI
VST	+ 0.85	PCYO
WEC	+ 0.71	VST
VST	+ 0.69	MMSI
WEC	+ 0.6	PCYO
WEC	+ 0.53	MMSI

High negative correlations

AMGN	- 0.82	PCYO
AMGN	- 0.74	VST
AMGN	- 0.57	MMSI
AMGN	- 0.57	CTLT
AMGN	- 0.34	ENIC
AMGN	- 0.33	WEC

Risk-Adjusted Indicators

There is a big difference between 302635AK3 Bond performing well and 302635AK3 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 302635AK3'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
ENIC	1.35	0.12	0.05	(0.54)	1.74	(1.44)	2.97	(2.93)	8.90
CTLT	0.46	0.07	0.11	(9.06)	0.32	(0.52)	1.12	(0.69)	3.39
MMSI	0.92	(0.05)	0.00	(0.05)	0.00	0.00	2.03	(1.93)	7.20
PCYO	1.87	0.20	0.10	0.13	1.97	(2.11)	5.34	(3.38)	17.93
VST	3.29	0.67	0.20	0.48	3.03	(3.87)	5.94	(5.01)	23.90
TOMDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WEC	0.73	0.01	0.00	0.04	0.86	(0.74)	1.59	(1.59)	4.25
AMGN	1.14	(0.37)	0.00	(0.40)	0.00	0.00	1.85	(4.16)	9.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in 302635AK3 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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