049560AY1 Correlations
| 049560AY1 | 100.53 2.66 2.58% |
The current 90-days correlation between ATO 575 15 and Tigo Energy is 0.1 (i.e., Average diversification). The correlation of 049560AY1 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.
049560AY1 Correlation With Market
Average diversification
The correlation between ATO 575 15 OCT 52 and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATO 575 15 OCT 52 and DJI in the same portfolio, assuming nothing else is changed.
049560AY1 |
The ability to find closely correlated positions to 049560AY1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 049560AY1 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 049560AY1 - 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 ATO 575 15 OCT 52 to buy it.
Moving against 049560AY1 Bond
| 0.45 | DIS | Walt Disney | PairCorr |
| 0.42 | GOOG | Alphabet Class C | PairCorr |
| 0.39 | WMT | Walmart | PairCorr |
| 0.36 | MSFT | Microsoft Sell-off Trend | PairCorr |
| 0.32 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.32 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.32 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.31 | PYPL | PayPal Holdings | PairCorr |
Related Correlations Analysis
| -0.49 | -0.47 | -0.39 | 0.6 | -0.89 | TYGO | ||
| -0.49 | 0.49 | -0.11 | -0.04 | 0.32 | MRAM | ||
| -0.47 | 0.49 | -0.05 | -0.31 | 0.5 | IPGP | ||
| -0.39 | -0.11 | -0.05 | -0.5 | 0.45 | ELTK | ||
| 0.6 | -0.04 | -0.31 | -0.5 | -0.55 | PFLT | ||
| -0.89 | 0.32 | 0.5 | 0.45 | -0.55 | MS | ||
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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 049560AY1 Bond performing well and 049560AY1 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 049560AY1'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TYGO | 3.74 | (0.66) | 0.00 | (0.76) | 0.00 | 9.46 | 26.01 | |||
| MRAM | 1.99 | 0.20 | 0.07 | 0.24 | 2.66 | 4.75 | 15.98 | |||
| IPGP | 1.79 | 0.10 | 0.05 | 0.10 | 2.02 | 4.86 | 11.69 | |||
| ELTK | 1.72 | 0.00 | 0.00 | 0.00 | 0.00 | 3.65 | 15.54 | |||
| PFLT | 0.63 | (0.09) | 0.00 | (0.31) | 0.00 | 0.91 | 4.93 | |||
| MS | 1.24 | 0.27 | 0.22 | 0.16 | 0.98 | 3.08 | 16.86 |
Be your own money manager
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