512807AU2 Correlations

512807AU2   97.45  0.21  0.22%   
The current 90-days correlation between LAM RESEARCH PORATION and AEP TEX INC is 0.23 (i.e., Modest diversification). The correlation of 512807AU2 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.

512807AU2 Correlation With Market

Significant diversification

The correlation between LAM RESEARCH PORATION and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LAM RESEARCH PORATION and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to 512807AU2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 512807AU2 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 512807AU2 - 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 LAM RESEARCH PORATION to buy it.

Moving together with 512807AU2 Bond

  0.74XOM Exxon Mobil Corp Fiscal Year End 7th of February 2025 PairCorr
  0.68JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.69VZ Verizon Communications Aggressive PushPairCorr
  0.62KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.65GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr

Moving against 512807AU2 Bond

  0.6CSCO Cisco Systems Sell-off TrendPairCorr
  0.54BLK BlackRock Earnings Call Next WeekPairCorr
  0.46JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.46DIS Walt DisneyPairCorr
  0.44MSFT MicrosoftPairCorr
  0.41VFINX Vanguard 500 IndexPairCorr
  0.41VFIAX Vanguard 500 IndexPairCorr
  0.41T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.37BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr

Related Correlations Analysis

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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   
VFIAXVFINX
WMTVFIAX
VFINXBLK
VFIAXBLK
WMTVFINX
WMTBLK
  
High negative correlations   
JNJWMT
JNJBLK
JNJVFIAX
JNJVFINX
VZBLK
VZWMT

Risk-Adjusted Indicators

There is a big difference between 512807AU2 Bond performing well and 512807AU2 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 512807AU2'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
00108WAF7  1.47  0.11  0.05  1.71  1.85 
 5.71 
 14.33 
90331HPL1  0.42 (0.02) 0.00  0.28  0.00 
 1.64 
 7.24 
BLK  0.87  0.11  0.11  0.30  0.91 
 1.85 
 6.38 
VFINX  0.55  0.04  0.04  0.49  0.79 
 1.09 
 5.48 
VFIAX  0.55  0.04  0.04  0.49  0.79 
 1.09 
 5.48 
WMT  0.86  0.16  0.15  0.78  0.94 
 2.03 
 5.05 
JNJ  0.64 (0.17) 0.00  2.81  0.00 
 1.47 
 3.45 
VZ  0.85 (0.15) 0.00 (0.46) 0.00 
 1.91 
 6.59 
IBM  1.02  0.00  0.00  0.01  1.71 
 2.07 
 8.66 
HD  0.97 (0.06) 0.00 (0.18) 0.00 
 2.06 
 6.44 

Be your own money manager

Our tools can tell you how much better you can do entering a position in 512807AU2 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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