LBTCOR Correlations

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107.24 0.00 0.00%

The current 90-days correlation between LBTCOR 10875 15 and AEP TEX INC is 0.34 (i.e., Weak diversification). The correlation of LBTCOR 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.

LBTCOR Correlation With Market

Significant diversification

The correlation between LBTCOR 10875 15 JAN 31 and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LBTCOR 10875 15 JAN 31 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LBTCOR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LBTCOR 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 LBTCOR - 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 LBTCOR 10875 15 JAN 31 to buy it.

Moving against LBTCOR Bond

0.53	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.5	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.46	INTC	Intel Aggressive Push	Pair Corr
0.45	HPQ	HP Inc	Pair Corr
0.39	AA	Alcoa Corp Potential Growth	Pair Corr
0.37	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.35	VZ	Verizon Communications Aggressive Push	Pair Corr
0.33	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	ACI	CPRT	JEF	MRVL	KAVL	V	AAL	KOPN
00108WAF7		-0.01	0.09	0.15	0.15	0.1	-0.08	0.17	0.09	0.09	00108WAF7
90331HPL1	-0.01		-0.42	0.18	0.07	-0.27	-0.53	-0.06	-0.33	-0.17	90331HPL1
ACI	0.09	-0.42		0.39	0.58	0.7	0.21	0.72	0.68	0.64	ACI
CPRT	0.15	0.18	0.39		0.85	0.46	-0.57	0.73	0.41	0.46	CPRT
JEF	0.15	0.07	0.58	0.85		0.71	-0.36	0.89	0.67	0.71	JEF
MRVL	0.1	-0.27	0.7	0.46	0.71		0.19	0.77	0.93	0.86	MRVL
KAVL	-0.08	-0.53	0.21	-0.57	-0.36	0.19		-0.09	0.25	0.09	KAVL
V	0.17	-0.06	0.72	0.73	0.89	0.77	-0.09		0.75	0.77	V
AAL	0.09	-0.33	0.68	0.41	0.67	0.93	0.25	0.75		0.84	AAL
KOPN	0.09	-0.17	0.64	0.46	0.71	0.86	0.09	0.77	0.84		KOPN
	00108WAF7	90331HPL1	ACI	CPRT	JEF	MRVL	KAVL	V	AAL	KOPN

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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

AAL	+ 0.93	MRVL
V	+ 0.89	JEF
KOPN	+ 0.86	MRVL
JEF	+ 0.85	CPRT
KOPN	+ 0.84	AAL
V	+ 0.77	MRVL

High negative correlations

KAVL	- 0.57	CPRT
KAVL	- 0.53	90331HPL1
ACI	- 0.42	90331HPL1
KAVL	- 0.36	JEF
AAL	- 0.33	90331HPL1
MRVL	- 0.27	90331HPL1

Risk-Adjusted Indicators

There is a big difference between LBTCOR Bond performing well and LBTCOR 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 LBTCOR'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	1.43	0.07	0.03	0.15	1.82	(1.67)	5.71	(2.57)	13.96
90331HPL1	0.47	(0.03)	0.00	(0.43)	0.00	0.00	1.64	(1.87)	7.59
ACI	1.19	0.11	0.05	0.76	1.28	(1.24)	3.09	(2.15)	7.65
CPRT	1.08	0.09	0.06	0.20	1.11	(1.23)	1.86	(2.01)	13.00
JEF	1.48	0.17	0.07	0.22	2.31	(1.49)	2.80	(2.26)	21.97
MRVL	2.59	0.73	0.23	0.88	2.53	(2.95)	5.82	(4.05)	33.23
KAVL	4.92	0.81	0.11	(0.39)	5.44	(6.17)	12.00	(9.02)	46.68
V	0.74	0.17	0.16	2.21	0.65	(0.83)	1.65	(1.30)	7.49
AAL	1.80	0.60	0.28	(2.59)	1.49	(2.21)	3.76	(2.71)	21.04
KOPN	4.90	1.49	0.30	1.65	3.98	(6.25)	13.95	(6.49)	31.66

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