832248BD9 Correlations
| 832248BD9 | 82.80 0.00 0.00% |
The current 90-days correlation between SFD 2625 13 and LENSAR Inc is -0.06 (i.e., Good diversification). The correlation of 832248BD9 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.
832248BD9 Correlation With Market
Significant diversification
The correlation between SFD 2625 13 SEP 31 and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SFD 2625 13 SEP 31 and DJI in the same portfolio, assuming nothing else is changed.
832248BD9 |
The ability to find closely correlated positions to 832248BD9 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 832248BD9 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 832248BD9 - 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 SFD 2625 13 SEP 31 to buy it.
Moving together with 832248BD9 Bond
| 0.8 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | GLPPRB | Global Partners LP | PairCorr |
| 0.73 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.65 | RCMT | RCM Technologies | PairCorr |
| 0.64 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.73 | DASH | DoorDash, Class A | PairCorr |
| 0.62 | HUT | Hut 8 Corp | PairCorr |
| 0.7 | FNCL | Fidelity MSCI Financials | PairCorr |
| 0.66 | IBLC | iShares Blockchain and | PairCorr |
| 0.71 | NVDX | T Rex 2X | PairCorr |
Moving against 832248BD9 Bond
Related Correlations Analysis
| 0.83 | -0.76 | -0.94 | -0.6 | -0.9 | LNSR | ||
| 0.83 | -0.68 | -0.8 | -0.5 | -0.79 | CAH | ||
| -0.76 | -0.68 | 0.83 | 0.59 | 0.76 | ADI | ||
| -0.94 | -0.8 | 0.83 | 0.56 | 0.9 | TFX | ||
| -0.6 | -0.5 | 0.59 | 0.56 | 0.77 | AVDL | ||
| -0.9 | -0.79 | 0.76 | 0.9 | 0.77 | VALN | ||
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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 832248BD9 Bond performing well and 832248BD9 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 832248BD9'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LNSR | 3.54 | 1.06 | 0.31 | 2.24 | 2.64 | 9.09 | 22.21 | |||
| CAH | 0.99 | 0.14 | 0.09 | 0.80 | 1.19 | 2.12 | 10.66 | |||
| ADI | 1.30 | (0.05) | 0.00 | 0.31 | 0.00 | 2.33 | 7.03 | |||
| TFX | 1.28 | (0.44) | 0.00 | 0.72 | 0.00 | 1.71 | 17.00 | |||
| AVDL | 2.72 | (0.19) | 0.00 | (0.45) | 0.00 | 5.14 | 39.15 | |||
| VALN | 2.59 | (0.45) | 0.00 | (2.63) | 0.00 | 4.11 | 25.53 |
832248BD9 Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 832248BD9 bond to make a market-neutral strategy. Peer analysis of 832248BD9 could also be used in its relative valuation, which is a method of valuing 832248BD9 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |