KEYBANK Correlations

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The current 90-days correlation between KEYBANK NATL ASSN and AEP TEX INC is -0.24 (i.e., Very good diversification). The correlation of KEYBANK 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.

KEYBANK Correlation With Market

Very weak diversification

The correlation between KEYBANK NATL ASSN and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KEYBANK NATL ASSN and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to KEYBANK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KEYBANK 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 KEYBANK - 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 KEYBANK NATL ASSN to buy it.

Moving against KEYBANK Bond

0.51

MMV

MultiMetaVerse Holdings

Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	NTRA	M	784730AB9	CIADY	LIEN	BMY	RCMT	KKR
00108WAF7		0.01	0.0	-0.06	0.07	0.09	-0.23	-0.02	-0.09	-0.03	00108WAF7
90331HPL1	0.01		-0.28	-0.33	-0.22	-0.09	0.05	0.0	-0.01	-0.06	90331HPL1
NTRA	0.0	-0.28		0.56	0.58	0.05	0.29	0.81	0.55	0.84	NTRA
M	-0.06	-0.33	0.56		0.41	0.1	0.34	0.44	0.44	0.53	M
784730AB9	0.07	-0.22	0.58	0.41		0.11	0.36	0.54	0.41	0.54	784730AB9
CIADY	0.09	-0.09	0.05	0.1	0.11		0.01	0.23	0.08	-0.02	CIADY
LIEN	-0.23	0.05	0.29	0.34	0.36	0.01		0.55	0.55	0.52	LIEN
BMY	-0.02	0.0	0.81	0.44	0.54	0.23	0.55		0.78	0.87	BMY
RCMT	-0.09	-0.01	0.55	0.44	0.41	0.08	0.55	0.78		0.79	RCMT
KKR	-0.03	-0.06	0.84	0.53	0.54	-0.02	0.52	0.87	0.79		KKR
	00108WAF7	90331HPL1	NTRA	M	784730AB9	CIADY	LIEN	BMY	RCMT	KKR

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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

KKR	+ 0.87	BMY
KKR	+ 0.84	NTRA
BMY	+ 0.81	NTRA
KKR	+ 0.79	RCMT
RCMT	+ 0.78	BMY
784730AB9	+ 0.58	NTRA

High negative correlations

M	- 0.33	90331HPL1
NTRA	- 0.28	90331HPL1
LIEN	- 0.23	00108WAF7
784730AB9	- 0.22	90331HPL1
CIADY	- 0.09	90331HPL1
RCMT	- 0.09	00108WAF7

Risk-Adjusted Indicators

There is a big difference between KEYBANK Bond performing well and KEYBANK 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 KEYBANK'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	1.45	0.13	0.05	(0.49)	1.90	(1.57)	5.71	(2.57)	13.40
90331HPL1	0.37	(0.02)	0.00	(0.16)	0.00	0.00	1.39	(1.70)	7.15
NTRA	2.24	0.38	0.14	0.31	2.44	(2.44)	3.57	(3.67)	26.87
M	1.66	0.09	0.05	0.09	1.79	(2.08)	4.01	(2.75)	13.44
784730AB9	1.45	0.36	0.09	0.52	2.84	(1.66)	1.32	(1.34)	42.53
CIADY	3.73	0.55	0.11	5.48	4.23	(4.37)	10.52	(6.20)	33.77
LIEN	1.00	0.14	0.09	(0.76)	1.01	(1.28)	3.29	(1.76)	9.64
BMY	1.33	0.26	0.16	1.05	1.25	(1.51)	2.52	(2.09)	14.39
RCMT	1.59	0.12	0.05	0.14	2.18	(1.80)	3.43	(3.34)	12.78
KKR	1.38	0.13	0.09	0.09	1.47	(1.69)	3.42	(2.38)	15.02

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