INTNED Correlations

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The current 90-days correlation between INTNED 575 and AEP TEX INC is -0.04 (i.e., Good diversification). The correlation of INTNED 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.

INTNED Correlation With Market

Good diversification

The correlation between INTNED 575 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 INTNED 575 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to INTNED could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INTNED 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 INTNED - 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 INTNED 575 to buy it.

Moving against INTNED Bond

0.67	MSFT	Microsoft Aggressive Push	Pair Corr
0.62	WMT	Walmart Aggressive Push	Pair Corr
0.56	BA	Boeing Sell-off Trend	Pair Corr
0.51	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.49	ELFNX	Elfun Trusts Elfun	Pair Corr
0.48	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.47	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.41	IBM	International Business Sell-off Trend	Pair Corr
0.37	HD	Home Depot	Pair Corr
0.33	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	GOOG	INMD	BBAI	IQ	SOUN	AVTE	BAC	APLD
00108WAF7		0.0	0.02	-0.01	-0.04	0.03	0.02	-0.11	-0.09	-0.02	00108WAF7
90331HPL1	0.0		-0.49	-0.08	-0.66	0.06	-0.71	-0.11	-0.17	-0.25	90331HPL1
GOOG	0.02	-0.49		0.53	0.66	-0.25	0.8	0.66	0.65	0.4	GOOG
INMD	-0.01	-0.08	0.53		0.5	-0.63	0.47	0.7	0.81	0.44	INMD
BBAI	-0.04	-0.66	0.66	0.5		-0.42	0.92	0.58	0.7	0.71	BBAI
IQ	0.03	0.06	-0.25	-0.63	-0.42		-0.37	-0.42	-0.6	-0.18	IQ
SOUN	0.02	-0.71	0.8	0.47	0.92	-0.37		0.52	0.62	0.63	SOUN
AVTE	-0.11	-0.11	0.66	0.7	0.58	-0.42	0.52		0.86	0.48	AVTE
BAC	-0.09	-0.17	0.65	0.81	0.7	-0.6	0.62	0.86		0.65	BAC
APLD	-0.02	-0.25	0.4	0.44	0.71	-0.18	0.63	0.48	0.65		APLD
	00108WAF7	90331HPL1	GOOG	INMD	BBAI	IQ	SOUN	AVTE	BAC	APLD

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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

SOUN	+ 0.92	BBAI
BAC	+ 0.86	AVTE
BAC	+ 0.81	INMD
SOUN	+ 0.8	GOOG
APLD	+ 0.71	BBAI
AVTE	+ 0.7	INMD

High negative correlations

SOUN	- 0.71	90331HPL1
BBAI	- 0.66	90331HPL1
IQ	- 0.63	INMD
BAC	- 0.6	IQ
GOOG	- 0.49	90331HPL1
AVTE	- 0.42	IQ

Risk-Adjusted Indicators

There is a big difference between INTNED Bond performing well and INTNED 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 INTNED'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
00108WAF7	1.38	0.13	0.04	4.30	1.84	(1.48)	3.24	(2.55)	10.75
90331HPL1	0.37	(0.01)	0.00	0.21	0.00	0.00	1.39	(1.70)	7.11
GOOG	1.22	0.31	0.17	0.84	1.26	(1.29)	3.54	(1.95)	8.60
INMD	2.01	0.09	0.02	0.30	2.83	(2.01)	3.95	(5.21)	14.30
BBAI	5.80	1.45	0.24	16.41	4.83	(7.41)	18.18	(8.16)	43.66
IQ	3.91	0.20	0.04	0.35	3.90	(4.70)	9.80	(6.58)	23.45
SOUN	5.84	2.33	0.51	1.20	3.65	(7.89)	18.19	(5.51)	39.21
AVTE	2.39	0.45	0.18	0.62	1.99	(3.41)	5.58	(3.86)	19.11
BAC	1.04	0.14	0.19	0.15	0.61	(1.29)	2.20	(1.42)	10.22
APLD	5.34	0.83	0.17	0.42	4.78	(6.24)	10.99	(8.15)	28.97

Be your own money manager

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