CSLAU Correlations

12661PAF6

87.76 0.00 0.00%

The correlation of CSLAU 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.

CSLAU Correlation With Market

Significant diversification

The correlation between CSLAU 495 27 APR 62 and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSLAU 495 27 APR 62 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CSLAU could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSLAU 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 CSLAU - 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 CSLAU 495 27 APR 62 to buy it.

Moving together with CSLAU Bond

0.65

MCD

McDonalds Fiscal Year End 3rd of February 2025

Pair Corr

Moving against CSLAU Bond

0.46	DIS	Walt Disney Sell-off Trend	Pair Corr
0.38	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	T	HD	CSCO	DD	GE	JNJ	INTC	XOM
T		0.72	0.8	0.04	0.24	-0.7	0.67	0.39	T
HD	0.72		0.78	0.52	0.71	-0.6	0.76	0.72	HD
CSCO	0.8	0.78		0.18	0.36	-0.79	0.85	0.64	CSCO
DD	0.04	0.52	0.18		0.72	-0.07	0.46	0.47	DD
GE	0.24	0.71	0.36	0.72		-0.16	0.53	0.55	GE
JNJ	-0.7	-0.6	-0.79	-0.07	-0.16		-0.81	-0.56	JNJ
INTC	0.67	0.76	0.85	0.46	0.53	-0.81		0.67	INTC
XOM	0.39	0.72	0.64	0.47	0.55	-0.56	0.67		XOM
	T	HD	CSCO	DD	GE	JNJ	INTC	XOM

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

INTC	+ 0.85	CSCO
CSCO	+ 0.8	T
CSCO	+ 0.78	HD
INTC	+ 0.76	HD
HD	+ 0.72	T
XOM	+ 0.72	HD

High negative correlations

INTC	- 0.81	JNJ
JNJ	- 0.79	CSCO
JNJ	- 0.7	T
JNJ	- 0.6	HD
XOM	- 0.56	JNJ
JNJ	- 0.16	GE

Risk-Adjusted Indicators

There is a big difference between CSLAU Bond performing well and CSLAU 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 CSLAU'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
T	0.92	0.26	0.12	(7.83)	0.86	(1.06)	2.56	(1.72)	6.47
HD	0.91	0.19	0.09	0.74	0.90	(1.02)	2.22	(1.67)	5.15
CSCO	0.73	0.15	0.17	0.30	0.46	(0.85)	1.72	(1.14)	6.38
DD	0.98	(0.07)	(0.08)	0.04	1.23	(1.01)	2.68	(2.46)	7.46
GE	1.34	(0.06)	(0.01)	0.08	2.27	(1.27)	2.85	(2.36)	14.10
JNJ	0.61	(0.11)	0.00	(0.37)	0.00	0.00	1.40	(1.42)	3.25
INTC	2.37	0.06	0.08	0.16	2.60	(2.65)	6.36	(3.50)	18.29
XOM	1.00	(0.03)	(0.07)	0.06	1.31	(1.04)	2.10	(2.09)	5.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in CSLAU 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 Sync Your Broker Now

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.

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