50249AAJ2 Correlations

50249AAJ2

67.42 0.52 0.77%

The current 90-days correlation between LYB INTERNATIONAL FINANCE and Lion One Metals is 0.09 (i.e., Significant diversification). The correlation of 50249AAJ2 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.

50249AAJ2 Correlation With Market

Good diversification

The correlation between LYB INTERNATIONAL FINANCE and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LYB INTERNATIONAL FINANCE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 50249AAJ2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 50249AAJ2 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 50249AAJ2 - 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 INTERNATIONAL FINANCE to buy it.

Moving against 50249AAJ2 Bond

0.51	TRDA	Entrada Therapeutics	Pair Corr
0.49	SOFR	SOFR Symbol Change	Pair Corr
0.47	QD	Qudian Inc	Pair Corr
0.45	JANW	AIM ETF Products	Pair Corr
0.44	DOCU	DocuSign	Pair Corr
0.44	BUFQ	FT Cboe Vest	Pair Corr
0.42	UNCY	Unicycive Therapeutics	Pair Corr
0.42	SNPE	Xtrackers SP 500	Pair Corr
0.41	PGRO	Putnam Focused Large	Pair Corr
0.4	BMYMP	Bristol Myers Squibb	Pair Corr
0.39	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.35	TEVA	Teva Pharma Industries Trending	Pair Corr
0.35	YMM	Full Truck Alliance	Pair Corr
0.32	GBXI	GBX International	Pair Corr
0.32	RBCAA	Republic Bancorp	Pair Corr
0.31	THCP	Thunder Bridge Capital	Pair Corr
0.51	PSHAX	Short Term Fund	Pair Corr
0.49	TBX	ProShares Short 7	Pair Corr
0.47	IDAT	Ishares Trust	Pair Corr
0.44	NVDX	T Rex 2X	Pair Corr
0.43	IYZ	IShares Telecommunicatio	Pair Corr
0.43	ITRGX	Vy T Rowe	Pair Corr
0.42	TWMTX	Transamerica Growth	Pair Corr
0.41	LGLUX	L Abbett Growth	Pair Corr
0.41	CADVX	Calamos Dividend Growth	Pair Corr
0.41	MBCZX	Massmutual Select Blue Potential Growth	Pair Corr
0.4	SFEPX	Guggenheim Styleplus Potential Growth	Pair Corr
0.4	URUSX	Ultra Short Term	Pair Corr
0.39	ISJBX	Voya Stock Index	Pair Corr
0.38	UPRO	ProShares UltraPro SP500	Pair Corr
0.36	EFU	ProShares UltraShort MSCI	Pair Corr

Related Correlations Analysis

	LOMLF	BH	SHAK	GZITF	UEC	CNNE	AFML	BMOOF
LOMLF		-0.94	-0.82	-0.84	-0.37	-0.69	0.0	-0.34	LOMLF
BH	-0.94		0.76	0.79	0.44	0.64	0.0	0.43	BH
SHAK	-0.82	0.76		0.9	0.6	0.87	0.0	0.51	SHAK
GZITF	-0.84	0.79	0.9		0.52	0.87	0.0	0.57	GZITF
UEC	-0.37	0.44	0.6	0.52		0.58	0.0	0.73	UEC
CNNE	-0.69	0.64	0.87	0.87	0.58		0.0	0.45	CNNE
AFML	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AFML
BMOOF	-0.34	0.43	0.51	0.57	0.73	0.45	0.0		BMOOF
	LOMLF	BH	SHAK	GZITF	UEC	CNNE	AFML	BMOOF

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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

GZITF	+ 0.9	SHAK
CNNE	+ 0.87	SHAK
CNNE	+ 0.87	GZITF
GZITF	+ 0.79	BH
SHAK	+ 0.76	BH
BMOOF	+ 0.73	UEC

High negative correlations

BH	- 0.94	LOMLF
GZITF	- 0.84	LOMLF
SHAK	- 0.82	LOMLF
CNNE	- 0.69	LOMLF
UEC	- 0.37	LOMLF
BMOOF	- 0.34	LOMLF

Risk-Adjusted Indicators

There is a big difference between 50249AAJ2 Bond performing well and 50249AAJ2 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 50249AAJ2'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
LOMLF	2.15	(0.33)	0.00	2.39	0.00	0.00	4.76	(4.76)	15.00
BH	1.83	0.53	0.25	0.90	1.57	(2.25)	4.03	(2.23)	17.89
SHAK	1.72	0.27	0.17	0.28	1.43	(2.39)	5.02	(2.55)	11.94
GZITF	0.84	0.41	0.00	0.89	0.00	0.00	0.00	0.00	26.67
UEC	3.08	0.47	0.14	0.42	2.96	(3.78)	5.98	(5.34)	17.83
CNNE	1.15	0.04	0.03	0.06	1.27	(1.38)	2.76	(2.57)	6.89
AFML	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BMOOF	2.72	0.35	0.04	6.27	3.24	(6.77)	8.70	(7.69)	21.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in 50249AAJ2 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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