JABHOL Correlations

46653KAB4

59.32 0.00 0.00%

The current 90-days correlation between JABHOL 375 28 and AEP TEX INC is -0.29 (i.e., Very good diversification). The correlation of JABHOL 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.

JABHOL Correlation With Market

Significant diversification

The correlation between JABHOL 375 28 MAY 51 and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JABHOL 375 28 MAY 51 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to JABHOL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JABHOL 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 JABHOL - 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 JABHOL 375 28 MAY 51 to buy it.

Moving together with JABHOL Bond

0.63	WMT	Walmart	Pair Corr
0.62	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.61	DIS	Walt Disney	Pair Corr

Moving against JABHOL Bond

0.56	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.49	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.47	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	GOOG	INMD	BBAI	IQ	SOUN	AVTE	BAC	APLD
00108WAF7		0.0	0.02	-0.07	-0.01	0.08	0.03	-0.11	-0.09	0.0	00108WAF7
90331HPL1	0.0		-0.63	0.02	-0.52	0.07	-0.67	-0.1	-0.08	-0.12	90331HPL1
GOOG	0.02	-0.63		0.43	0.69	-0.37	0.82	0.65	0.6	0.34	GOOG
INMD	-0.07	0.02	0.43		0.44	-0.63	0.31	0.77	0.82	0.42	INMD
BBAI	-0.01	-0.52	0.69	0.44		-0.5	0.9	0.58	0.66	0.69	BBAI
IQ	0.08	0.07	-0.37	-0.63	-0.5		-0.45	-0.54	-0.68	-0.28	IQ
SOUN	0.03	-0.67	0.82	0.31	0.9	-0.45		0.5	0.51	0.52	SOUN
AVTE	-0.11	-0.1	0.65	0.77	0.58	-0.54	0.5		0.86	0.45	AVTE
BAC	-0.09	-0.08	0.6	0.82	0.66	-0.68	0.51	0.86		0.63	BAC
APLD	0.0	-0.12	0.34	0.42	0.69	-0.28	0.52	0.45	0.63		APLD
	00108WAF7	90331HPL1	GOOG	INMD	BBAI	IQ	SOUN	AVTE	BAC	APLD

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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

SOUN	+ 0.9	BBAI
BAC	+ 0.86	AVTE
SOUN	+ 0.82	GOOG
BAC	+ 0.82	INMD
AVTE	+ 0.77	INMD
BBAI	+ 0.69	GOOG

High negative correlations

BAC	- 0.68	IQ
SOUN	- 0.67	90331HPL1
IQ	- 0.63	INMD
GOOG	- 0.63	90331HPL1
AVTE	- 0.54	IQ
BBAI	- 0.52	90331HPL1

Risk-Adjusted Indicators

There is a big difference between JABHOL Bond performing well and JABHOL 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 JABHOL'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	1.39	0.14	0.06	0.64	1.83	(1.50)	3.71	(2.55)	11.26
90331HPL1	0.37	(0.02)	0.00	(0.19)	0.00	0.00	1.39	(1.70)	7.15
GOOG	1.28	0.24	0.14	0.45	1.46	(1.33)	3.54	(1.96)	8.99
INMD	2.05	(0.04)	(0.01)	0.00	2.93	(2.07)	3.95	(5.21)	14.30
BBAI	6.01	1.19	0.19	1.86	5.57	(7.60)	18.18	(9.66)	43.66
IQ	3.91	0.07	0.02	0.11	3.86	(4.87)	9.80	(6.58)	23.45
SOUN	5.92	2.54	0.54	10.27	3.69	(8.09)	18.19	(5.51)	39.21
AVTE	2.40	0.47	0.19	6.01	2.01	(3.41)	5.58	(3.86)	19.11
BAC	1.06	0.11	0.12	0.10	0.84	(1.34)	2.20	(1.45)	11.87
APLD	5.49	0.60	0.11	0.25	5.18	(6.30)	10.99	(8.40)	28.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in JABHOL 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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