50247VAC3 Correlations

50247VAC3

86.94 0.72 0.84%

The current 90-days correlation between LYB INTL FIN and AEP TEX INC is 0.46 (i.e., Very weak diversification). The correlation of 50247VAC3 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.

The ability to find closely correlated positions to 50247VAC3 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 50247VAC3 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 50247VAC3 - 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 LYB INTL FIN to buy it.

Moving together with 50247VAC3 Bond

0.67	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.82	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.73	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.79	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.61	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Moving against 50247VAC3 Bond

0.61	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.58	WMT	Walmart	Pair Corr
0.57	KD	Kyndryl Holdings	Pair Corr
0.54	DIS	Walt Disney	Pair Corr
0.53	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.53	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.46	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	NN	FULC	WYHG	IPAR	HOLO	LB	ESLOY	674599CY9
00108WAF7		0.0	-0.03	0.06	-0.02	0.09	0.12	-0.01	-0.13	0.12	00108WAF7
90331HPL1	0.0		-0.08	-0.56	-0.22	0.05	-0.03	0.15	-0.01	-0.06	90331HPL1
NN	-0.03	-0.08		0.43	-0.39	0.8	-0.82	0.82	0.82	-0.61	NN
FULC	0.06	-0.56	0.43		-0.11	0.48	-0.15	0.12	0.22	-0.14	FULC
WYHG	-0.02	-0.22	-0.39	-0.11		-0.58	0.39	-0.46	-0.3	0.19	WYHG
IPAR	0.09	0.05	0.8	0.48	-0.58		-0.57	0.66	0.6	-0.46	IPAR
HOLO	0.12	-0.03	-0.82	-0.15	0.39	-0.57		-0.67	-0.65	0.75	HOLO
LB	-0.01	0.15	0.82	0.12	-0.46	0.66	-0.67		0.74	-0.37	LB
ESLOY	-0.13	-0.01	0.82	0.22	-0.3	0.6	-0.65	0.74		-0.57	ESLOY
674599CY9	0.12	-0.06	-0.61	-0.14	0.19	-0.46	0.75	-0.37	-0.57		674599CY9
	00108WAF7	90331HPL1	NN	FULC	WYHG	IPAR	HOLO	LB	ESLOY	674599CY9

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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

LB	+ 0.82	NN
ESLOY	+ 0.82	NN
IPAR	+ 0.8	NN
674599CY9	+ 0.75	HOLO
ESLOY	+ 0.74	LB
LB	+ 0.66	IPAR

High negative correlations

HOLO	- 0.82	NN
LB	- 0.67	HOLO
ESLOY	- 0.65	HOLO
674599CY9	- 0.61	NN
IPAR	- 0.58	WYHG
674599CY9	- 0.57	ESLOY

Risk-Adjusted Indicators

There is a big difference between 50247VAC3 Bond performing well and 50247VAC3 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 50247VAC3'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	1.47	0.11	0.05	1.71	1.85	(1.68)	5.71	(2.57)	14.33
90331HPL1	0.42	(0.02)	0.00	0.28	0.00	0.00	1.64	(1.87)	7.24
NN	2.98	1.21	0.33	(9.45)	2.80	(3.55)	7.70	(6.15)	18.29
FULC	3.44	0.55	0.14	(11.19)	3.51	(4.09)	9.12	(6.74)	18.44
WYHG	5.77	1.28	0.17	(0.58)	6.32	(6.54)	15.31	(11.38)	30.47
IPAR	1.36	0.00	0.00	0.01	1.98	(1.23)	2.50	(3.01)	6.87
HOLO	11.19	1.38	0.16	(0.23)	8.38	(18.92)	26.83	(14.67)	190.17
LB	3.44	0.83	0.20	45.06	3.53	(3.75)	9.96	(6.61)	23.85
ESLOY	0.81	0.01	0.01	0.92	0.90	(0.94)	1.73	(1.55)	5.17
674599CY9	2.26	0.26	0.08	(0.74)	2.99	(2.89)	2.48	(3.13)	44.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in 50247VAC3 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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