05565EAY1 Correlations

05565EAY1

95.82 1.14 1.18%

The current 90-days correlation between BMW 375 12 and Kaltura is 0.03 (i.e., Significant diversification). The correlation of 05565EAY1 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.

05565EAY1 Correlation With Market

Average diversification

The correlation between BMW 375 12 APR 28 and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BMW 375 12 APR 28 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 05565EAY1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 05565EAY1 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 05565EAY1 - 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 BMW 375 12 APR 28 to buy it.

Moving together with 05565EAY1 Bond

0.66	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.62	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against 05565EAY1 Bond

0.37	DIS	Walt Disney Sell-off Trend	Pair Corr
0.36	WMT	Walmart Aggressive Push	Pair Corr
0.34	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.31	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	KLTR	SCL	HWKN	EMN	ORGN	SPNS	CDW
KLTR		0.46	0.46	-0.15	-0.7	-0.81	-0.83	KLTR
SCL	0.46		0.5	0.28	-0.01	-0.14	-0.08	SCL
HWKN	0.46	0.5		0.43	-0.16	-0.43	-0.08	HWKN
EMN	-0.15	0.28	0.43		0.4	0.27	0.41	EMN
ORGN	-0.7	-0.01	-0.16	0.4		0.64	0.83	ORGN
SPNS	-0.81	-0.14	-0.43	0.27	0.64		0.77	SPNS
CDW	-0.83	-0.08	-0.08	0.41	0.83	0.77		CDW
	KLTR	SCL	HWKN	EMN	ORGN	SPNS	CDW

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

CDW	+ 0.83	ORGN
CDW	+ 0.77	SPNS
SPNS	+ 0.64	ORGN
HWKN	+ 0.5	SCL
SCL	+ 0.46	KLTR
HWKN	+ 0.46	KLTR

High negative correlations

CDW	- 0.83	KLTR
SPNS	- 0.81	KLTR
ORGN	- 0.7	KLTR
SPNS	- 0.43	HWKN
ORGN	- 0.16	HWKN
EMN	- 0.15	KLTR

Risk-Adjusted Indicators

There is a big difference between 05565EAY1 Bond performing well and 05565EAY1 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 05565EAY1'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
KLTR	3.27	0.40	0.18	0.22	3.58	(3.99)	7.32	(4.55)	26.38
SCL	1.25	(0.20)	(0.07)	0.01	1.55	(1.27)	2.04	(2.72)	12.17
HWKN	1.72	(0.11)	0.01	0.08	2.60	(1.62)	3.32	(3.65)	13.44
EMN	1.09	(0.04)	(0.03)	0.09	1.30	(1.15)	2.78	(2.02)	7.31
ORGN	3.03	(0.27)	(0.03)	0.00	3.89	(4.00)	8.70	(6.71)	26.74
SPNS	1.60	(0.45)	0.00	(0.40)	0.00	0.00	2.21	(3.04)	31.27
CDW	1.41	(0.54)	0.00	(0.24)	0.00	0.00	1.68	(3.50)	14.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in 05565EAY1 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 Stock Tickers Now

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC