466313AM5 Correlations

466313AM5

94.86 3.79 3.84%

The current 90-days correlation between JBL 425 15 and Eldorado Gold Corp is 0.22 (i.e., Modest diversification). The correlation of 466313AM5 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.

466313AM5 Correlation With Market

Very good diversification

The correlation between JBL 425 15 MAY 27 and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JBL 425 15 MAY 27 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 466313AM5 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 466313AM5 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 466313AM5 - 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 JBL 425 15 MAY 27 to buy it.

Moving against 466313AM5 Bond

0.61	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.57	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.57	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.52	DIS	Walt Disney Sell-off Trend	Pair Corr
0.47	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.44	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.44	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.43	HPQ	HP Inc	Pair Corr
0.35	HD	Home Depot	Pair Corr
0.32	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	EGO	NB	NCTY	JELD	WRN	EVVTY	PH	FSI
EGO		0.72	-0.48	0.75	0.2	0.32	-0.46	-0.29	EGO
NB	0.72		-0.67	0.8	0.22	0.58	-0.68	-0.46	NB
NCTY	-0.48	-0.67		-0.71	-0.21	-0.71	0.79	0.67	NCTY
JELD	0.75	0.8	-0.71		0.35	0.5	-0.68	-0.6	JELD
WRN	0.2	0.22	-0.21	0.35		0.05	0.07	-0.25	WRN
EVVTY	0.32	0.58	-0.71	0.5	0.05		-0.76	-0.59	EVVTY
PH	-0.46	-0.68	0.79	-0.68	0.07	-0.76		0.78	PH
FSI	-0.29	-0.46	0.67	-0.6	-0.25	-0.59	0.78		FSI
	EGO	NB	NCTY	JELD	WRN	EVVTY	PH	FSI

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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

JELD	+ 0.8	NB
PH	+ 0.79	NCTY
FSI	+ 0.78	PH
JELD	+ 0.75	EGO
NB	+ 0.72	EGO
FSI	+ 0.67	NCTY

High negative correlations

PH	- 0.76	EVVTY
EVVTY	- 0.71	NCTY
JELD	- 0.71	NCTY
PH	- 0.68	JELD
PH	- 0.68	NB
NCTY	- 0.67	NB

Risk-Adjusted Indicators

There is a big difference between 466313AM5 Bond performing well and 466313AM5 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 466313AM5'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
EGO	1.92	(0.18)	0.00	(0.55)	0.00	0.00	3.39	(5.22)	12.12
NB	3.33	(0.47)	0.00	(0.71)	0.00	0.00	5.33	(7.96)	28.43
NCTY	3.26	1.00	0.29	3.54	2.51	(4.06)	11.17	(3.83)	27.07
JELD	2.46	(0.49)	0.00	(0.21)	0.00	0.00	3.93	(5.43)	33.73
WRN	1.82	(0.10)	(0.04)	0.00	2.57	(2.08)	3.51	(4.10)	20.61
EVVTY	1.27	(0.23)	0.00	(1.27)	0.00	0.00	1.54	(2.89)	19.65
PH	0.92	0.10	0.13	0.18	0.86	(1.10)	2.18	(1.25)	11.35
FSI	2.33	0.31	0.06	1.30	2.96	(2.67)	6.31	(4.52)	22.22

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Our tools can tell you how much better you can do entering a position in 466313AM5 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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