832696AV0 Correlations

832696AV0

70.48 0.97 1.40%

The current 90-days correlation between SJM 275 15 and Chewy Inc is 0.19 (i.e., Average diversification). The correlation of 832696AV0 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.

832696AV0 Correlation With Market

Good diversification

The correlation between SJM 275 15 SEP 41 and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SJM 275 15 SEP 41 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 832696AV0 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 832696AV0 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 832696AV0 - 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 SJM 275 15 SEP 41 to buy it.

Moving together with 832696AV0 Bond

0.63	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.61	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.66	AVTE	Aerovate Therapeutics	Pair Corr

Moving against 832696AV0 Bond

0.67	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.62	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.53	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.48	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.44	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.37	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	CHWY	TITN	AFYA	SNCY	SPG	RVLV	UPPR	CPNG
CHWY		0.41	-0.19	0.43	0.57	0.75	0.0	-0.54	CHWY
TITN	0.41		0.01	0.63	0.79	0.78	0.0	-0.18	TITN
AFYA	-0.19	0.01		0.13	-0.14	-0.18	0.0	0.3	AFYA
SNCY	0.43	0.63	0.13		0.76	0.79	0.0	-0.15	SNCY
SPG	0.57	0.79	-0.14	0.76		0.9	0.0	-0.2	SPG
RVLV	0.75	0.78	-0.18	0.79	0.9		0.0	-0.4	RVLV
UPPR	0.0	0.0	0.0	0.0	0.0	0.0		0.0	UPPR
CPNG	-0.54	-0.18	0.3	-0.15	-0.2	-0.4	0.0		CPNG
	CHWY	TITN	AFYA	SNCY	SPG	RVLV	UPPR	CPNG

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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

RVLV	+ 0.9	SPG
SPG	+ 0.79	TITN
RVLV	+ 0.79	SNCY
RVLV	+ 0.78	TITN
SPG	+ 0.76	SNCY
RVLV	+ 0.75	CHWY

High negative correlations

CPNG	- 0.54	CHWY
CPNG	- 0.4	RVLV
CPNG	- 0.2	SPG
AFYA	- 0.19	CHWY
RVLV	- 0.18	AFYA
CPNG	- 0.18	TITN

Risk-Adjusted Indicators

There is a big difference between 832696AV0 Bond performing well and 832696AV0 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 832696AV0'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
CHWY	1.98	0.00	0.00	0.09	2.37	(2.15)	5.10	(3.65)	16.46
TITN	2.06	(0.06)	0.05	0.07	2.04	(2.55)	4.98	(3.13)	19.53
AFYA	1.44	(0.09)	0.00	(0.08)	0.00	0.00	2.62	(2.61)	9.86
SNCY	2.73	0.38	0.15	0.40	2.51	(3.29)	7.47	(3.87)	16.71
SPG	0.80	0.12	0.06	0.45	0.80	(0.90)	1.76	(1.59)	4.38
RVLV	2.53	0.39	0.26	0.19	1.89	(2.86)	6.50	(4.01)	32.72
UPPR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CPNG	1.39	0.11	(0.03)	(0.03)	2.33	(1.52)	4.63	(3.36)	15.67

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Our tools can tell you how much better you can do entering a position in 832696AV0 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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