194162AN3 Correlations
| 194162AN3 | 96.58 0.16 0.17% |
The current 90-days correlation between 194162AN3 and Lion One Metals is 0.16 (i.e., Average diversification). The correlation of 194162AN3 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.
194162AN3 |
The ability to find closely correlated positions to 194162AN3 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 194162AN3 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 194162AN3 - 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 CL 31 15 AUG 27 to buy it.
Moving against 194162AN3 Bond
| 0.74 | EVGR | Evergreen Corp | PairCorr |
| 0.72 | SOFR | SOFR Symbol Change | PairCorr |
| 0.7 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.66 | GLPPRB | Global Partners LP | PairCorr |
| 0.66 | NETDU | Nabors Energy Transition | PairCorr |
| 0.61 | HUT | Hut 8 Corp | PairCorr |
| 0.59 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.59 | DASH | DoorDash, Class A | PairCorr |
| 0.55 | IBLC | iShares Blockchain and | PairCorr |
| 0.52 | PETS | PetMed Express | PairCorr |
| 0.51 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.51 | NERD | Roundhill Video Games | PairCorr |
| 0.49 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.48 | FNCL | Fidelity MSCI Financials | PairCorr |
| 0.45 | FFTY | Innovator IBD 50 | PairCorr |
| 0.43 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.42 | OBYCF | Obayashi | PairCorr |
| 0.38 | RCMT | RCM Technologies | PairCorr |
| 0.63 | HGOVX | Hartford Growth | PairCorr |
| 0.62 | QJUN | First Trust Exchange | PairCorr |
| 0.62 | ARKQ | ARK Autonomous Technology | PairCorr |
| 0.61 | LOUP | Innovator Loup Frontier | PairCorr |
| 0.56 | TRFK | Pacer Funds Trust | PairCorr |
| 0.56 | DTGRX | Dreyfus Technology Growth | PairCorr |
| 0.55 | IDAT | Ishares Trust | PairCorr |
| 0.55 | CFSIX | Touchstone Sands Capital | PairCorr |
| 0.52 | AFOZX | Alger Funds Mid | PairCorr |
| 0.49 | LMOFX | Miller Opportunity Trust | PairCorr |
| 0.48 | VSLU | ETF Opportunities Trust | PairCorr |
| 0.47 | SFEPX | Guggenheim Styleplus | PairCorr |
| 0.46 | FCSKX | Franklin Vertible | PairCorr |
| 0.45 | ISJBX | Voya Stock Index | PairCorr |
| 0.45 | HAGAX | Eagle Mid Cap | PairCorr |
Related Correlations Analysis
| 0.16 | -0.87 | -0.78 | -0.47 | -0.84 | LOMLF | ||
| 0.16 | 0.06 | 0.03 | 0.11 | -0.12 | AEM | ||
| -0.87 | 0.06 | 0.79 | 0.45 | 0.71 | PKIN | ||
| -0.78 | 0.03 | 0.79 | 0.25 | 0.71 | SPNT | ||
| -0.47 | 0.11 | 0.45 | 0.25 | 0.73 | GOCO | ||
| -0.84 | -0.12 | 0.71 | 0.71 | 0.73 | GZITF | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 194162AN3 Bond performing well and 194162AN3 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 194162AN3'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LOMLF | 2.15 | (0.31) | 0.00 | 0.47 | 0.00 | 4.76 | 15.00 | |||
| AEM | 1.51 | (0.06) | 0.00 | 0.69 | 0.00 | 3.61 | 11.66 | |||
| PKIN | 0.07 | 0.02 | 0.00 | 0.53 | 0.00 | 0.09 | 2.08 | |||
| SPNT | 1.42 | (0.04) | (0.01) | 0.00 | 1.92 | 2.68 | 14.52 | |||
| GOCO | 3.48 | 0.48 | 0.13 | (0.80) | 3.26 | 9.12 | 21.91 | |||
| GZITF | 0.84 | 0.43 | 0.00 | (1.56) | 0.00 | 0.00 | 26.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 194162AN3 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?
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