70052LAB9 Correlations

70052LAB9

99.49 0.29 0.29%

The current 90-days correlation between PARK INTER HLDGS and AEP TEX INC is 0.02 (i.e., Significant diversification). The correlation of 70052LAB9 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.

70052LAB9 Correlation With Market

Good diversification

The correlation between PARK INTER HLDGS and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PARK INTER HLDGS and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 70052LAB9 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 70052LAB9 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 70052LAB9 - 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 PARK INTER HLDGS to buy it.

Moving against 70052LAB9 Bond

0.36	ETH	Grayscale Ethereum Mini	Pair Corr
0.35	FDS	FactSet Research Systems	Pair Corr
0.33	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.33	EOS	Eaton Vance Enhanced	Pair Corr
0.33	AMGIX	Income Growth	Pair Corr
0.31	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	FDS	GARPF	CIADY	STR	UDR	NFLX	PLTR	ESRT
00108WAF7		-0.14	0.09	0.13	0.2	0.06	-0.1	0.04	0.08	0.11	00108WAF7
90331HPL1	-0.14		0.61	0.42	0.44	0.67	-0.44	0.62	0.65	0.24	90331HPL1
FDS	0.09	0.61		0.55	0.52	0.56	-0.05	0.49	0.62	0.34	FDS
GARPF	0.13	0.42	0.55		0.68	0.09	-0.43	0.03	0.13	0.46	GARPF
CIADY	0.2	0.44	0.52	0.68		0.33	-0.51	0.2	0.31	0.24	CIADY
STR	0.06	0.67	0.56	0.09	0.33		-0.05	0.84	0.84	0.29	STR
UDR	-0.1	-0.44	-0.05	-0.43	-0.51	-0.05		0.05	-0.01	0.16	UDR
NFLX	0.04	0.62	0.49	0.03	0.2	0.84	0.05		0.87	0.2	NFLX
PLTR	0.08	0.65	0.62	0.13	0.31	0.84	-0.01	0.87		0.16	PLTR
ESRT	0.11	0.24	0.34	0.46	0.24	0.29	0.16	0.2	0.16		ESRT
	00108WAF7	90331HPL1	FDS	GARPF	CIADY	STR	UDR	NFLX	PLTR	ESRT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PLTR	+ 0.87	NFLX
NFLX	+ 0.84	STR
PLTR	+ 0.84	STR
CIADY	+ 0.68	GARPF
STR	+ 0.67	90331HPL1
PLTR	+ 0.65	90331HPL1

High negative correlations

UDR	- 0.51	CIADY
UDR	- 0.44	90331HPL1
UDR	- 0.43	GARPF
90331HPL1	- 0.14	00108WAF7
UDR	- 0.1	00108WAF7
UDR	- 0.05	STR

Risk-Adjusted Indicators

There is a big difference between 70052LAB9 Bond performing well and 70052LAB9 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 70052LAB9'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
00108WAF7	41.74	20.26	0.84	(1.97)	14.48	(41.05)	2.37	(2.42)	1,002
90331HPL1	0.36	(0.10)	0.00	(37.77)	0.00	0.00	0.17	(2.11)	4.92
FDS	0.92	0.17	0.13	0.35	0.77	(1.06)	2.25	(1.45)	7.46
GARPF	1.38	0.26	0.00	0.92	0.00	0.00	4.76	(4.55)	32.62
CIADY	3.53	0.59	0.11	1.35	4.03	(4.03)	10.70	(6.20)	33.77
STR	1.46	0.12	0.05	0.29	1.55	(1.81)	3.96	(2.55)	8.57
UDR	0.93	0.00	(0.06)	0.14	1.06	(1.01)	2.08	(1.44)	5.53
NFLX	1.27	0.37	0.20	1.00	1.10	(1.48)	2.80	(2.33)	14.67
PLTR	2.56	1.41	0.50	(1.72)	1.32	(3.03)	8.61	(2.77)	30.33
ESRT	1.07	(0.02)	(0.05)	0.10	1.29	(1.12)	2.21	(2.31)	5.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in 70052LAB9 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.

Did you try this?

Run Portfolio Suggestion Now

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC