MASSIN Correlations

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73.37 6.24 9.30%

The current 90-days correlation between MASSIN 3067 01 and Ingredion Incorporated is 0.14 (i.e., Average diversification). The correlation of MASSIN 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.

MASSIN Correlation With Market

Modest diversification

The correlation between MASSIN 3067 01 APR 52 and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MASSIN 3067 01 APR 52 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MASSIN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MASSIN 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 MASSIN - 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 MASSIN 3067 01 APR 52 to buy it.

Moving against MASSIN Bond

0.72	FSLY	Fastly Inc	Pair Corr
0.7	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.66	AAPL	Apple Inc	Pair Corr
0.66	TSLA	Tesla Inc Sell-off Trend	Pair Corr
0.63	BKSY	Blacksky Technology	Pair Corr
0.59	TDUP	ThredUp	Pair Corr
0.58	RITM-PC	Rithm Capital Corp	Pair Corr
0.54	SHOP	Shopify	Pair Corr
0.49	DIS	Walt Disney	Pair Corr
0.45	EHGO	Eshallgo Class A	Pair Corr

Related Correlations Analysis

	INGR	FHBC	WVVIP	K	BCPC	FTLF	ECVT	HDSN
INGR		0.0	-0.09	0.12	0.72	0.53	0.79	-0.62	INGR
FHBC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FHBC
WVVIP	-0.09	0.0		-0.17	0.1	0.19	-0.16	0.13	WVVIP
K	0.12	0.0	-0.17		-0.39	0.03	0.32	-0.53	K
BCPC	0.72	0.0	0.1	-0.39		0.44	0.48	-0.13	BCPC
FTLF	0.53	0.0	0.19	0.03	0.44		0.28	-0.28	FTLF
ECVT	0.79	0.0	-0.16	0.32	0.48	0.28		-0.82	ECVT
HDSN	-0.62	0.0	0.13	-0.53	-0.13	-0.28	-0.82		HDSN
	INGR	FHBC	WVVIP	K	BCPC	FTLF	ECVT	HDSN

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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

ECVT	+ 0.79	INGR
BCPC	+ 0.72	INGR
FTLF	+ 0.53	INGR
ECVT	+ 0.48	BCPC
FTLF	+ 0.44	BCPC
ECVT	+ 0.32	K

High negative correlations

HDSN	- 0.82	ECVT
HDSN	- 0.62	INGR
HDSN	- 0.53	K
BCPC	- 0.39	K
HDSN	- 0.28	FTLF
K	- 0.17	WVVIP

Risk-Adjusted Indicators

There is a big difference between MASSIN Bond performing well and MASSIN 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 MASSIN'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
INGR	0.99	(0.02)	(0.01)	0.00	1.37	(1.10)	1.41	(1.80)	21.14
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WVVIP	2.08	(0.06)	0.00	0.21	0.00	0.00	5.65	(3.99)	13.21
K	0.15	0.02	0.00	0.27	0.06	(0.16)	0.35	(0.35)	0.86
BCPC	1.01	(0.14)	0.00	(0.36)	0.00	0.00	1.63	(2.23)	8.32
FTLF	1.60	(0.12)	0.00	(0.72)	0.00	0.00	3.39	(4.46)	14.26
ECVT	1.86	0.19	0.09	0.88	1.68	(2.31)	4.55	(2.67)	18.71
HDSN	2.02	(0.31)	0.00	0.29	0.00	0.00	4.36	(3.72)	27.28

Be your own money manager

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