694308KG1 Correlations
| 694308KG1 | 102.05 1.15 1.11% |
The current 90-days correlation between PCG 59 15 and Safety Shot is -0.11 (i.e., Good diversification). The correlation of 694308KG1 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.
694308KG1 Correlation With Market
Good diversification
The correlation between PCG 59 15 JUN 32 and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PCG 59 15 JUN 32 and DJI in the same portfolio, assuming nothing else is changed.
694308KG1 |
The ability to find closely correlated positions to 694308KG1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 694308KG1 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 694308KG1 - 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 PCG 59 15 JUN 32 to buy it.
Moving against 694308KG1 Bond
| 0.54 | EVGR | Evergreen Corp | PairCorr |
| 0.48 | PETS | PetMed Express | PairCorr |
| 0.48 | SOFR | SOFR Symbol Change | PairCorr |
| 0.43 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.42 | GLPPRB | Global Partners LP | PairCorr |
| 0.4 | NETDU | Nabors Energy Transition | PairCorr |
| 0.38 | HUT | Hut 8 Corp | PairCorr |
| 0.37 | DASH | DoorDash, Class A | PairCorr |
| 0.36 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | IBLC | iShares Blockchain and | PairCorr |
| 0.35 | NERD | Roundhill Video Games | PairCorr |
| 0.34 | OBYCF | Obayashi | PairCorr |
| 0.34 | RCMT | RCM Technologies | PairCorr |
| 0.32 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.56 | IDAT | Ishares Trust | PairCorr |
| 0.51 | QJUN | First Trust Exchange | PairCorr |
| 0.49 | HGOVX | Hartford Growth | PairCorr |
| 0.46 | SPCZ | Listed Funds Trust | PairCorr |
| 0.46 | VSLU | ETF Opportunities Trust | PairCorr |
| 0.45 | DTGRX | Dreyfus Technology Growth | PairCorr |
| 0.44 | LOUP | Innovator Loup Frontier | PairCorr |
| 0.43 | ARKQ | ARK Autonomous Technology | PairCorr |
| 0.43 | PFNNX | Pimco Preferred And | PairCorr |
| 0.42 | TRFK | Pacer Funds Trust | PairCorr |
| 0.41 | ARTFX | Artisan High Income | PairCorr |
| 0.4 | CFSIX | Touchstone Sands Capital | PairCorr |
| 0.39 | ISJBX | Voya Stock Index | PairCorr |
| 0.38 | SFEPX | Guggenheim Styleplus Potential Growth | PairCorr |
| 0.36 | WUSRX | Wells Fargo Ultra | PairCorr |
Related Correlations Analysis
| 0.0 | -0.84 | 0.62 | -0.31 | 0.79 | SHOT | ||
| 0.0 | -0.03 | 0.33 | 0.34 | 0.22 | BDN | ||
| -0.84 | -0.03 | -0.61 | 0.18 | -0.86 | COCO | ||
| 0.62 | 0.33 | -0.61 | 0.06 | 0.7 | CELH | ||
| -0.31 | 0.34 | 0.18 | 0.06 | -0.06 | CCU | ||
| 0.79 | 0.22 | -0.86 | 0.7 | -0.06 | KDP | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 694308KG1 Bond performing well and 694308KG1 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 694308KG1'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHOT | 3.70 | (0.97) | 0.00 | (1.28) | 0.00 | 7.45 | 20.45 | |||
| BDN | 1.85 | 0.03 | 0.01 | 0.04 | 3.53 | 3.61 | 18.66 | |||
| COCO | 1.42 | 0.33 | 0.19 | 0.94 | 1.35 | 3.72 | 11.39 | |||
| CELH | 2.97 | (0.30) | 0.00 | (0.56) | 0.00 | 6.16 | 21.77 | |||
| CCU | 1.31 | 0.18 | 0.10 | 44.99 | 1.37 | 2.84 | 8.67 | |||
| KDP | 0.81 | (0.22) | 0.00 | (0.52) | 0.00 | 1.48 | 6.63 |
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