63743HFG2 Correlations

63743HFG2

101.53 0.62 0.61%

The current 90-days correlation between NRUC 48 15 and Freedom Bank of is 0.06 (i.e., Significant diversification). The correlation of 63743HFG2 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.

63743HFG2 Correlation With Market

Significant diversification

The correlation between NRUC 48 15 MAR 28 and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NRUC 48 15 MAR 28 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 63743HFG2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 63743HFG2 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 63743HFG2 - 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 NRUC 48 15 MAR 28 to buy it.

Moving together with 63743HFG2 Bond

0.83	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr
0.71	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against 63743HFG2 Bond

0.85	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.83	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.81	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	DIS	Walt Disney Sell-off Trend	Pair Corr
0.79	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.75	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.71	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.55	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.34	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	FDVA	PFLT	UVSP	KEY-PI	KALU	LBNKF	PT	APAM
FDVA		0.35	0.01	0.23	0.19	-0.3	-0.33	0.32	FDVA
PFLT	0.35		-0.42	0.45	-0.45	0.17	-0.1	-0.12	PFLT
UVSP	0.01	-0.42		-0.05	0.88	-0.74	-0.4	0.84	UVSP
KEY-PI	0.23	0.45	-0.05		-0.01	-0.12	-0.06	0.27	KEY-PI
KALU	0.19	-0.45	0.88	-0.01		-0.78	-0.5	0.88	KALU
LBNKF	-0.3	0.17	-0.74	-0.12	-0.78		0.6	-0.82	LBNKF
PT	-0.33	-0.1	-0.4	-0.06	-0.5	0.6		-0.53	PT
APAM	0.32	-0.12	0.84	0.27	0.88	-0.82	-0.53		APAM
	FDVA	PFLT	UVSP	KEY-PI	KALU	LBNKF	PT	APAM

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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

KALU	+ 0.88	UVSP
APAM	+ 0.88	KALU
APAM	+ 0.84	UVSP
PT	+ 0.6	LBNKF
KEY-PI	+ 0.45	PFLT
PFLT	+ 0.35	FDVA

High negative correlations

APAM	- 0.82	LBNKF
LBNKF	- 0.78	KALU
LBNKF	- 0.74	UVSP
APAM	- 0.53	PT
PT	- 0.5	KALU
KALU	- 0.45	PFLT

Risk-Adjusted Indicators

There is a big difference between 63743HFG2 Bond performing well and 63743HFG2 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 63743HFG2'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
FDVA	0.71	0.06	(0.05)	(7.68)	0.94	(1.04)	2.24	(1.40)	7.21
PFLT	0.60	0.02	(0.08)	0.25	1.00	(0.56)	1.09	(1.13)	5.12
UVSP	1.49	(0.05)	0.05	0.10	1.57	(1.92)	3.37	(2.72)	18.49
KEY-PI	0.60	0.05	(0.09)	0.51	0.60	(0.69)	1.43	(1.02)	4.04
KALU	1.66	(0.07)	0.03	0.09	2.00	(1.70)	2.71	(3.24)	14.56
LBNKF	3.57	(0.94)	0.00	9.34	0.00	0.00	6.67	(9.09)	18.77
PT	2.52	(0.06)	(0.03)	(0.02)	3.29	(3.61)	6.32	(5.26)	24.51
APAM	1.31	0.05	0.08	0.16	1.67	(1.37)	2.52	(2.47)	12.25

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