12674TAA4 Correlations

12674TAA4

100.15 1.33 1.35%

The current 90-days correlation between CW Senior Financing and AEP TEX INC is -0.51 (i.e., Excellent diversification). The correlation of 12674TAA4 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.

12674TAA4 Correlation With Market

Significant diversification

The correlation between CW Senior Financing and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CW Senior Financing and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 12674TAA4 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 12674TAA4 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 12674TAA4 - 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 CW Senior Financing to buy it.

Moving against 12674TAA4 Bond

0.55	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.33	ELFNX	Elfun Trusts Elfun	Pair Corr
0.31	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	RXRX	SOUN	BAC	FUND	IONQ	LUNR	GOOG	PYPL
00108WAF7		0.0	-0.07	0.02	-0.06	-0.04	0.01	0.02	0.02	-0.01	00108WAF7
90331HPL1	0.0		-0.47	-0.7	-0.21	-0.37	-0.35	-0.15	-0.41	-0.38	90331HPL1
RXRX	-0.07	-0.47		0.43	0.23	0.4	0.23	0.1	0.48	0.29	RXRX
SOUN	0.02	-0.7	0.43		0.67	0.72	0.81	0.63	0.77	0.79	SOUN
BAC	-0.06	-0.21	0.23	0.67		0.9	0.95	0.91	0.68	0.88	BAC
FUND	-0.04	-0.37	0.4	0.72	0.9		0.88	0.82	0.71	0.87	FUND
IONQ	0.01	-0.35	0.23	0.81	0.95	0.88		0.91	0.71	0.9	IONQ
LUNR	0.02	-0.15	0.1	0.63	0.91	0.82	0.91		0.52	0.82	LUNR
GOOG	0.02	-0.41	0.48	0.77	0.68	0.71	0.71	0.52		0.75	GOOG
PYPL	-0.01	-0.38	0.29	0.79	0.88	0.87	0.9	0.82	0.75		PYPL
	00108WAF7	90331HPL1	RXRX	SOUN	BAC	FUND	IONQ	LUNR	GOOG	PYPL

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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

IONQ	+ 0.95	BAC
LUNR	+ 0.91	BAC
LUNR	+ 0.91	IONQ
FUND	+ 0.9	BAC
PYPL	+ 0.9	IONQ
PYPL	+ 0.88	BAC

High negative correlations

SOUN	- 0.7	90331HPL1
RXRX	- 0.47	90331HPL1
GOOG	- 0.41	90331HPL1
PYPL	- 0.38	90331HPL1
FUND	- 0.37	90331HPL1
IONQ	- 0.35	90331HPL1

Risk-Adjusted Indicators

There is a big difference between 12674TAA4 Bond performing well and 12674TAA4 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 12674TAA4'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
00108WAF7	1.38	0.14	0.03	(0.87)	1.84	(1.48)	3.24	(2.55)	10.75
90331HPL1	0.37	(0.01)	0.00	0.22	0.00	0.00	1.39	(1.70)	7.11
RXRX	3.78	0.23	0.03	(3.13)	4.66	(3.90)	8.32	(7.57)	31.34
SOUN	5.85	2.30	0.51	1.28	3.65	(7.89)	18.19	(5.51)	39.21
BAC	1.04	0.26	0.21	(7.01)	0.57	(1.29)	2.20	(1.42)	10.22
FUND	0.58	0.06	0.00	0.52	0.58	(0.65)	1.20	(1.02)	4.59
IONQ	6.65	2.75	0.45	1.27	4.92	(7.96)	17.25	(9.99)	47.83
LUNR	6.39	1.28	0.23	0.54	5.39	(7.74)	15.99	(9.40)	51.34
GOOG	1.21	0.32	0.16	0.91	1.26	(1.27)	3.54	(1.95)	8.60
PYPL	1.38	0.32	0.20	0.35	1.25	(1.54)	3.52	(2.59)	10.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in 12674TAA4 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.

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