INGERSOLL Correlations

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The current 90-days correlation between INGERSOLL RAND LUXEM and Xiabuxiabu Catering Management is -0.01 (i.e., Good diversification). The correlation of INGERSOLL 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.

INGERSOLL Correlation With Market

Significant diversification

The correlation between INGERSOLL RAND LUXEMBOURG FIN 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 INGERSOLL RAND LUXEMBOURG FIN and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against INGERSOLL Bond

0.56	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.51	PFE	Pfizer Inc Buyout Trend	Pair Corr
0.49	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.48	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.37	BA	Boeing Sell-off Trend	Pair Corr

Related Correlations Analysis

	XIAXF	PFLT	BK	GGN-PB	WNW	APAM	SEIC	CDR-PB
XIAXF		0.26	-0.82	0.72	-0.17	-0.68	-0.71	-0.41	XIAXF
PFLT	0.26		-0.51	0.75	-0.42	-0.6	-0.7	-0.56	PFLT
BK	-0.82	-0.51		-0.86	0.42	0.92	0.92	0.64	BK
GGN-PB	0.72	0.75	-0.86		-0.5	-0.82	-0.94	-0.64	GGN-PB
WNW	-0.17	-0.42	0.42	-0.5		0.4	0.58	0.51	WNW
APAM	-0.68	-0.6	0.92	-0.82	0.4		0.92	0.66	APAM
SEIC	-0.71	-0.7	0.92	-0.94	0.58	0.92		0.7	SEIC
CDR-PB	-0.41	-0.56	0.64	-0.64	0.51	0.66	0.7		CDR-PB
	XIAXF	PFLT	BK	GGN-PB	WNW	APAM	SEIC	CDR-PB

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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

APAM	+ 0.92	BK
SEIC	+ 0.92	BK
SEIC	+ 0.92	APAM
GGN-PB	+ 0.75	PFLT
GGN-PB	+ 0.72	XIAXF
CDR-PB	+ 0.7	SEIC

High negative correlations

SEIC	- 0.94	GGN-PB
GGN-PB	- 0.86	BK
APAM	- 0.82	GGN-PB
BK	- 0.82	XIAXF
SEIC	- 0.71	XIAXF
SEIC	- 0.7	PFLT

Risk-Adjusted Indicators

There is a big difference between INGERSOLL Bond performing well and INGERSOLL 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 INGERSOLL'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
XIAXF	0.20	(0.10)	0.00	0.59	0.00	0.00	0.00	0.00	6.67
PFLT	0.61	(0.08)	0.00	(0.19)	0.00	0.00	0.91	(1.10)	4.93
BK	0.80	0.21	0.19	2.83	0.52	(0.89)	2.10	(1.20)	4.87
GGN-PB	0.70	(0.18)	0.00	1.86	0.00	0.00	1.53	(1.68)	5.73
WNW	3.17	1.00	0.28	(1.14)	2.36	(4.70)	11.39	(4.82)	18.29
APAM	1.32	0.07	0.07	0.10	1.61	(1.33)	2.52	(2.85)	12.25
SEIC	0.80	0.30	0.31	0.42	0.46	(0.97)	1.57	(1.56)	7.23
CDR-PB	1.84	0.28	0.07	(1.16)	2.39	(2.10)	4.50	(4.61)	13.67

Be your own money manager

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