632525BC4 Correlations

632525BC4

104.50 0.00 0.00%

The current 90-days correlation between NAB 6429 12 and Garmin is 0.12 (i.e., Average diversification). The correlation of 632525BC4 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.

632525BC4 Correlation With Market

Average diversification

The correlation between NAB 6429 12 JAN 33 and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NAB 6429 12 JAN 33 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 632525BC4 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 632525BC4 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 632525BC4 - 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 NAB 6429 12 JAN 33 to buy it.

Moving together with 632525BC4 Bond

0.77	MRK	Merck Company	Pair Corr
0.66	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against 632525BC4 Bond

0.82	HTD	John Hancock Tax	Pair Corr
0.77	WM	Waste Management	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.75	GE	GE Aerospace	Pair Corr
0.71	UTF	Cohen And Steers	Pair Corr
0.71	IBM	International Business	Pair Corr
0.7	GDXU	MicroSectors Gold Miners	Pair Corr
0.66	KO	Coca Cola Sell-off Trend	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.63	HROWM	Harrow Health, 11875	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.59	GTN	Gray Television	Pair Corr
0.58	GLU	Gabelli Global Utility	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.54	INTC	Intel Sell-off Trend	Pair Corr
0.47	JPM	JPMorgan Chase	Pair Corr
0.47	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	GRMN	NTGR	PLXS	NTES	WB	RDCM	PINS
GRMN		-0.13	-0.38	0.49	0.39	0.14	0.61	GRMN
NTGR	-0.13		0.58	-0.09	-0.26	0.62	0.21	NTGR
PLXS	-0.38	0.58		-0.59	-0.75	0.21	-0.47	PLXS
NTES	0.49	-0.09	-0.59		0.58	0.44	0.64	NTES
WB	0.39	-0.26	-0.75	0.58		-0.02	0.6	WB
RDCM	0.14	0.62	0.21	0.44	-0.02		0.42	RDCM
PINS	0.61	0.21	-0.47	0.64	0.6	0.42		PINS
	GRMN	NTGR	PLXS	NTES	WB	RDCM	PINS

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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

PINS	+ 0.64	NTES
RDCM	+ 0.62	NTGR
PINS	+ 0.61	GRMN
PINS	+ 0.6	WB
PLXS	+ 0.58	NTGR
WB	+ 0.58	NTES

High negative correlations

WB	- 0.75	PLXS
NTES	- 0.59	PLXS
PINS	- 0.47	PLXS
PLXS	- 0.38	GRMN
WB	- 0.26	NTGR
NTGR	- 0.13	GRMN

Risk-Adjusted Indicators

There is a big difference between 632525BC4 Bond performing well and 632525BC4 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 632525BC4'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
GRMN	1.31	0.07	0.04	0.06	1.58	(1.43)	2.13	(2.70)	17.98
NTGR	2.28	(0.03)	0.00	(0.02)	0.00	0.00	4.49	(5.11)	12.12
PLXS	1.38	(0.32)	0.00	(0.34)	0.00	0.00	2.35	(3.00)	12.43
NTES	1.65	0.11	0.05	0.18	1.89	(1.77)	3.75	(3.10)	12.65
WB	2.21	0.05	0.02	(0.50)	2.76	(2.21)	4.82	(4.94)	11.06
RDCM	2.78	0.15	0.04	0.42	3.14	(3.21)	5.75	(5.52)	21.58
PINS	2.19	0.21	0.08	0.18	2.32	(2.70)	5.04	(4.63)	26.52

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Our tools can tell you how much better you can do entering a position in 632525BC4 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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