TLSAU Correlations

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The current 90-days correlation between TLSAU 3125 07 and Cars Inc is -0.18 (i.e., Good diversification). The correlation of TLSAU 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.

TLSAU Correlation With Market

Modest diversification

The correlation between TLSAU 3125 07 APR 25 and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TLSAU 3125 07 APR 25 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TLSAU could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TLSAU 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 TLSAU - 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 TLSAU 3125 07 APR 25 to buy it.

Moving together with TLSAU Bond

0.84	GLU	Gabelli Global Utility	Pair Corr
0.71	HROWM	Harrow Health, 11875	Pair Corr
0.89	WM	Waste Management	Pair Corr
0.78	GTN	Gray Television Downward Rally	Pair Corr
0.89	GDXU	MicroSectors Gold Miners	Pair Corr
0.85	UTF	Cohen And Steers	Pair Corr
0.87	HTD	John Hancock Tax	Pair Corr
0.81	IBM	International Business	Pair Corr
0.78	MMM	3M Company	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr
0.84	KO	Coca Cola Aggressive Push	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.83	VZ	Verizon Communications Aggressive Push	Pair Corr
0.79	GE	GE Aerospace	Pair Corr
0.64	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against TLSAU Bond

0.84	MSFT	Microsoft	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.6	DIS	Walt Disney	Pair Corr
0.58	MRK	Merck Company	Pair Corr
0.58	HPQ	HP Inc Sell-off Trend	Pair Corr
0.53	AXP	American Express	Pair Corr

Related Correlations Analysis

	CARS	VC	RIVN	HMY	LCID	EGO	HDSN	IONR
CARS		0.29	0.72	-0.47	0.8	-0.05	-0.41	0.5	CARS
VC	0.29		0.34	-0.55	0.32	-0.27	-0.23	-0.12	VC
RIVN	0.72	0.34		-0.62	0.9	0.15	-0.14	0.2	RIVN
HMY	-0.47	-0.55	-0.62		-0.46	-0.04	0.48	0.16	HMY
LCID	0.8	0.32	0.9	-0.46		0.08	-0.18	0.34	LCID
EGO	-0.05	-0.27	0.15	-0.04	0.08		0.3	0.08	EGO
HDSN	-0.41	-0.23	-0.14	0.48	-0.18	0.3		0.17	HDSN
IONR	0.5	-0.12	0.2	0.16	0.34	0.08	0.17		IONR
	CARS	VC	RIVN	HMY	LCID	EGO	HDSN	IONR

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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

LCID	+ 0.9	RIVN
LCID	+ 0.8	CARS
RIVN	+ 0.72	CARS
IONR	+ 0.5	CARS
HDSN	+ 0.48	HMY
RIVN	+ 0.34	VC

High negative correlations

HMY	- 0.62	RIVN
HMY	- 0.55	VC
HMY	- 0.47	CARS
LCID	- 0.46	HMY
HDSN	- 0.41	CARS
EGO	- 0.27	VC

Risk-Adjusted Indicators

There is a big difference between TLSAU Bond performing well and TLSAU 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 TLSAU'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
CARS	2.35	(0.53)	0.00	0.48	0.00	0.00	4.60	(4.19)	25.98
VC	1.41	(0.03)	0.00	(0.03)	0.00	0.00	2.82	(2.99)	8.41
RIVN	2.97	(0.03)	0.00	(0.02)	0.00	0.00	5.90	(4.90)	32.24
HMY	2.22	0.60	0.21	(2.65)	2.28	(2.48)	5.01	(4.36)	13.50
LCID	3.69	0.01	0.00	0.00	4.68	(3.81)	8.58	(6.84)	28.24
EGO	2.01	0.15	0.04	0.34	3.29	(1.95)	4.44	(5.33)	16.79
HDSN	1.49	0.28	0.16	0.53	1.61	(1.83)	3.42	(2.32)	8.73
IONR	3.40	0.10	0.02	0.13	3.71	(4.12)	6.70	(6.07)	32.97

Be your own money manager

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