09062XAK9 Correlations

09062XAK9

67.69 0.60 0.88%

The current 90-days correlation between BIIB 325 15 and Sensient Technologies is 0.04 (i.e., Significant diversification). The correlation of 09062XAK9 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.

The ability to find closely correlated positions to 09062XAK9 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 09062XAK9 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 09062XAK9 - 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 BIIB 325 15 FEB 51 to buy it.

Moving together with 09062XAK9 Bond

0.62	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.62	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against 09062XAK9 Bond

0.56	AVTE	Aerovate Therapeutics	Pair Corr
0.52	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.48	DIS	Walt Disney	Pair Corr
0.44	WMT	Walmart Aggressive Push	Pair Corr
0.43	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.39	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.36	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.35	GOOG	Alphabet Class C Buyout Trend	Pair Corr

Related Correlations Analysis

	SXT	ECPG	APAM	GBCI	HDSN	PT	WU	CF
SXT		0.35	0.55	0.46	-0.33	-0.32	-0.27	0.42	SXT
ECPG	0.35		0.69	0.69	-0.68	-0.09	-0.49	0.21	ECPG
APAM	0.55	0.69		0.94	-0.85	-0.46	-0.71	0.66	APAM
GBCI	0.46	0.69	0.94		-0.89	-0.46	-0.86	0.53	GBCI
HDSN	-0.33	-0.68	-0.85	-0.89		0.5	0.81	-0.56	HDSN
PT	-0.32	-0.09	-0.46	-0.46	0.5		0.47	-0.43	PT
WU	-0.27	-0.49	-0.71	-0.86	0.81	0.47		-0.3	WU
CF	0.42	0.21	0.66	0.53	-0.56	-0.43	-0.3		CF
	SXT	ECPG	APAM	GBCI	HDSN	PT	WU	CF

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

GBCI	+ 0.94	APAM
WU	+ 0.81	HDSN
APAM	+ 0.69	ECPG
GBCI	+ 0.69	ECPG
CF	+ 0.66	APAM
APAM	+ 0.55	SXT

High negative correlations

HDSN	- 0.89	GBCI
WU	- 0.86	GBCI
HDSN	- 0.85	APAM
WU	- 0.71	APAM
HDSN	- 0.68	ECPG
CF	- 0.56	HDSN

Risk-Adjusted Indicators

There is a big difference between 09062XAK9 Bond performing well and 09062XAK9 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 09062XAK9'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
SXT	1.01	0.08	(0.02)	2.67	1.17	(1.05)	2.14	(2.04)	8.84
ECPG	1.30	(0.06)	(0.02)	0.07	1.40	(1.44)	2.57	(2.10)	9.26
APAM	1.23	0.14	0.12	0.19	1.47	(1.29)	2.52	(2.39)	12.25
GBCI	1.64	0.17	0.17	0.19	1.47	(1.90)	3.88	(3.01)	14.43
HDSN	2.05	(0.33)	0.00	1.45	0.00	0.00	4.75	(3.98)	29.08
PT	2.87	(0.02)	0.00	0.41	0.00	0.00	6.38	(6.12)	24.51
WU	0.94	(0.15)	0.00	(0.55)	0.00	0.00	1.84	(2.02)	5.82
CF	1.23	0.23	0.05	(0.64)	1.54	(1.19)	2.23	(2.33)	6.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in 09062XAK9 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 Piotroski F Score Now

Piotroski F Score

Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals

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