KEYCORP Correlations

49326EEG4   95.88  0.96  0.99%   
The correlation of KEYCORP 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.

KEYCORP Correlation With Market

Good diversification

The correlation between KEYCORP MEDIUM TERM and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KEYCORP MEDIUM TERM and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to KEYCORP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KEYCORP 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 KEYCORP - 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 KEYCORP MEDIUM TERM to buy it.

Moving against KEYCORP Bond

  0.63DMRC DigimarcPairCorr
  0.61EVGR Evergreen CorpPairCorr
  0.57NBIX Neurocrine BiosciencesPairCorr
  0.55AS Amer Sports,PairCorr
  0.54ARKQ ARK Autonomous TechnologyPairCorr
  0.54IYW iShares Technology ETFPairCorr
  0.53JANW AIM ETF ProductsPairCorr
  0.51CRAI CRA InternationalPairCorr
  0.51BTC Grayscale Bitcoin MiniPairCorr
  0.51LOUP Innovator Loup FrontierPairCorr
  0.48RELY Remitly Global Tech BoostPairCorr
  0.47FNMFO Federal National MortgagePairCorr
  0.46ESGLW ESGL Holdings LimitedPairCorr
  0.46MAR Marriott InternationalPairCorr
  0.41CNOBP ConnectOne BancorpPairCorr
  0.41SCHB Schwab Broad MarketPairCorr
  0.32FNCL Fidelity MSCI FinancialsPairCorr
  0.6FELG Fidelity Covington TrustPairCorr
  0.59AAA Listed Funds TrustPairCorr
  0.59PSDSX Palmer Square UltraPairCorr
  0.58PSHAX Short Term FundPairCorr
  0.57BTEEX Baron Select FundsPairCorr
  0.56JEPQ JPMorgan Nasdaq EquityPairCorr
  0.54XLY Consumer DiscretionaryPairCorr
  0.49MBCZX Massmutual Select Blue Potential GrowthPairCorr
  0.48CULAX Calvert Ultra ShortPairCorr
  0.46SPCZ Listed Funds TrustPairCorr
  0.46CFSIX Touchstone Sands CapitalPairCorr
  0.43IBLC iShares Blockchain andPairCorr
  0.42MUSXX Mainstay GovernmentPairCorr
  0.41FSAWX Fidelity Sai ConvertiblePairCorr
  0.41AFOIX Alger Mid CapPairCorr

Related Correlations Analysis

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   
SPGLULU
CHPTADI
SPGEYE
WTIADI
LULUEYE
CHPTWTI
  
High negative correlations   
LULUWTI
SPGADI
SPGCHPT
LULUADI
EYEADI
SPGWTI

Risk-Adjusted Indicators

There is a big difference between KEYCORP Bond performing well and KEYCORP 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 KEYCORP'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in KEYCORP 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 Performance Analysis Now

   

Performance Analysis

Check effects of mean-variance optimization against your current asset allocation
All  Next Launch Module