594918BS2 Correlations

594918BS2

90.86 1.37 1.53%

The current 90-days correlation between MICROSOFT P 345 and KVH Industries is -0.11 (i.e., Good diversification). The correlation of 594918BS2 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 594918BS2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 594918BS2 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 594918BS2 - 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 MICROSOFT P 345 to buy it.

Moving together with 594918BS2 Bond

0.74	KO	Coca Cola Aggressive Push	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against 594918BS2 Bond

0.83	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.67	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.65	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.62	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.6	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	KVHI	ABOS	NNAVW	CNTA	SCSC	CMRX	APGE
KVHI		-0.52	0.58	0.7	0.37	-0.2	-0.46	KVHI
ABOS	-0.52		0.2	-0.15	-0.08	0.66	0.46	ABOS
NNAVW	0.58	0.2		0.65	0.38	0.42	-0.26	NNAVW
CNTA	0.7	-0.15	0.65		0.28	0.05	-0.03	CNTA
SCSC	0.37	-0.08	0.38	0.28		0.13	-0.19	SCSC
CMRX	-0.2	0.66	0.42	0.05	0.13		0.29	CMRX
APGE	-0.46	0.46	-0.26	-0.03	-0.19	0.29		APGE
	KVHI	ABOS	NNAVW	CNTA	SCSC	CMRX	APGE

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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

CNTA	+ 0.7	KVHI
CMRX	+ 0.66	ABOS
CNTA	+ 0.65	NNAVW
NNAVW	+ 0.58	KVHI
APGE	+ 0.46	ABOS
CMRX	+ 0.42	NNAVW

High negative correlations

ABOS	- 0.52	KVHI
APGE	- 0.46	KVHI
APGE	- 0.26	NNAVW
CMRX	- 0.2	KVHI
APGE	- 0.19	SCSC
CNTA	- 0.15	ABOS

Risk-Adjusted Indicators

There is a big difference between 594918BS2 Bond performing well and 594918BS2 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 594918BS2'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
KVHI	1.71	0.27	0.11	0.63	1.60	(2.16)	4.42	(2.92)	10.42
ABOS	3.54	(0.56)	0.00	(0.07)	0.00	0.00	7.52	(6.78)	28.07
NNAVW	3.70	1.78	0.35	2.05	3.74	(4.46)	11.83	(6.75)	24.31
CNTA	2.81	0.36	0.10	0.45	3.08	(3.14)	8.37	(5.69)	21.09
SCSC	1.63	(0.32)	0.00	(0.01)	0.00	0.00	2.52	(2.89)	15.95
CMRX	2.47	(0.32)	0.00	(0.11)	0.00	0.00	5.43	(5.56)	14.98
APGE	2.76	(0.19)	0.00	(0.06)	0.00	0.00	5.29	(5.21)	18.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in 594918BS2 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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