02401LAA2 Correlations
| 02401LAA2 | 79.78 7.45 8.54% |
The current 90-days correlation between AAT 3375 01 and Stepstone Group is 0.08 (i.e., Significant diversification). The correlation of 02401LAA2 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.
02401LAA2 Correlation With Market
Significant diversification
The correlation between AAT 3375 01 FEB 31 and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AAT 3375 01 FEB 31 and DJI in the same portfolio, assuming nothing else is changed.
02401LAA2 |
The ability to find closely correlated positions to 02401LAA2 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 02401LAA2 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 02401LAA2 - 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 AAT 3375 01 FEB 31 to buy it.
Moving against 02401LAA2 Bond
Related Correlations Analysis
| -0.35 | -0.25 | 0.63 | -0.35 | 0.58 | STEP | ||
| -0.35 | 0.61 | -0.57 | 0.02 | -0.69 | AMGN | ||
| -0.25 | 0.61 | -0.04 | -0.17 | -0.31 | NVNO | ||
| 0.63 | -0.57 | -0.04 | -0.19 | 0.75 | MMSI | ||
| -0.35 | 0.02 | -0.17 | -0.19 | -0.2 | BNTX | ||
| 0.58 | -0.69 | -0.31 | 0.75 | -0.2 | LRFC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between 02401LAA2 Bond performing well and 02401LAA2 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 02401LAA2'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STEP | 1.57 | 0.03 | 0.02 | 0.04 | 2.12 | 3.05 | 18.64 | |||
| AMGN | 1.14 | (0.37) | 0.00 | (0.40) | 0.00 | 1.85 | 9.43 | |||
| NVNO | 2.86 | (0.99) | 0.00 | (1.32) | 0.00 | 3.99 | 29.78 | |||
| MMSI | 0.92 | (0.05) | 0.00 | (0.05) | 0.00 | 2.03 | 7.20 | |||
| BNTX | 2.04 | 0.02 | 0.00 | 0.05 | 2.51 | 4.79 | 11.96 | |||
| LRFC | 0.92 | 0.10 | 0.06 | (0.75) | 1.01 | 2.54 | 8.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 02401LAA2 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 Analyzer Now
Portfolio AnalyzerPortfolio analysis module that provides access to portfolio diagnostics and optimization engine |
| All Next | Launch Module |