SUMILF Correlations

86564CAC4

89.34 0.00 0.00%

The current 90-days correlation between SUMILF 3375 15 and AEP TEX INC is -0.03 (i.e., Good diversification). The correlation of SUMILF 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.

SUMILF Correlation With Market

Good diversification

The correlation between SUMILF 3375 15 APR 81 and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SUMILF 3375 15 APR 81 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SUMILF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SUMILF 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 SUMILF - 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 SUMILF 3375 15 APR 81 to buy it.

Moving together with SUMILF Bond

0.72	DIS	Walt Disney Sell-off Trend	Pair Corr
0.65	WMT	Walmart Aggressive Push	Pair Corr

Moving against SUMILF Bond

0.65	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.61	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.53	90331HPL1	US BANK NATIONAL	Pair Corr
0.44	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.39	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.36	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	MET	BREA	JXN-PA	FTNT	WMT	INTC	PG	CAT
00108WAF7		-0.01	-0.09	0.15	-0.07	0.0	0.01	-0.13	0.21	-0.1	00108WAF7
90331HPL1	-0.01		-0.25	0.49	0.09	-0.39	-0.51	-0.12	-0.47	-0.02	90331HPL1
MET	-0.09	-0.25		-0.02	0.75	0.63	0.7	0.73	0.05	0.87	MET
BREA	0.15	0.49	-0.02		0.21	-0.24	-0.14	-0.06	-0.24	0.08	BREA
JXN-PA	-0.07	0.09	0.75	0.21		0.52	0.62	0.78	-0.33	0.86	JXN-PA
FTNT	0.0	-0.39	0.63	-0.24	0.52		0.83	0.71	0.03	0.55	FTNT
WMT	0.01	-0.51	0.7	-0.14	0.62	0.83		0.69	0.16	0.64	WMT
INTC	-0.13	-0.12	0.73	-0.06	0.78	0.71	0.69		-0.32	0.87	INTC
PG	0.21	-0.47	0.05	-0.24	-0.33	0.03	0.16	-0.32		-0.31	PG
CAT	-0.1	-0.02	0.87	0.08	0.86	0.55	0.64	0.87	-0.31		CAT
	00108WAF7	90331HPL1	MET	BREA	JXN-PA	FTNT	WMT	INTC	PG	CAT

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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

CAT	+ 0.87	MET
CAT	+ 0.87	INTC
CAT	+ 0.86	JXN-PA
WMT	+ 0.83	FTNT
INTC	+ 0.78	JXN-PA
JXN-PA	+ 0.75	MET

High negative correlations

WMT	- 0.51	90331HPL1
PG	- 0.47	90331HPL1
FTNT	- 0.39	90331HPL1
PG	- 0.33	JXN-PA
PG	- 0.32	INTC
CAT	- 0.31	PG

Risk-Adjusted Indicators

There is a big difference between SUMILF Bond performing well and SUMILF 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 SUMILF'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	1.34	0.08	0.00	0.36	1.85	(1.43)	3.24	(2.55)	10.75
90331HPL1	0.37	(0.02)	0.00	(0.49)	0.00	0.00	1.39	(1.70)	7.05
MET	1.01	0.06	0.07	0.17	1.34	(1.09)	2.31	(2.34)	9.20
BREA	5.42	0.37	0.07	0.47	4.79	(8.64)	13.89	(9.09)	56.83
JXN-PA	0.41	0.05	(0.12)	0.85	0.41	(0.47)	1.03	(0.81)	2.56
FTNT	1.37	0.24	0.15	0.37	1.17	(1.55)	3.57	(2.47)	13.48
WMT	0.82	0.28	0.16	3.14	0.72	(0.97)	1.90	(1.27)	4.33
INTC	2.37	0.06	0.08	0.16	2.60	(2.65)	6.36	(3.50)	18.29
PG	0.72	0.10	(0.04)	(1.05)	0.77	(0.77)	1.74	(1.26)	4.66
CAT	1.32	0.01	0.07	0.13	1.35	(1.37)	3.36	(2.13)	12.38

Be your own money manager

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