Lennar Correlations

Bonds . USA . 
Bond . Lennar 475 percent
526057BV5   98.13  1.64  1.64%   
The correlation of Lennar 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.

Lennar Correlation With Market

Good diversification

The correlation between Lennar 475 percent and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lennar 475 percent and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lennar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lennar 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 Lennar - 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 Lennar 475 percent to buy it.

Moving against Lennar Bond

  0.55PSQH PSQ HoldingsPairCorr
  0.37784730AB9 US784730AB94PairCorr
  0.37OBYCF ObayashiPairCorr
  0.37IDAT Ishares TrustPairCorr
  0.36FELG Fidelity Covington TrustPairCorr
  0.35SMLR Semler ScientificPairCorr
  0.33NBIX Neurocrine BiosciencesPairCorr
  0.31RPG Invesco SP 500PairCorr
  0.45AAPB GraniteShares ETF TrustPairCorr
  0.39PSHAX Short Term FundPairCorr
  0.38SABA Saba Capital Income Symbol ChangePairCorr
  0.37ARKQ ARK Autonomous TechnologyPairCorr
  0.37HGOSX Hartford GrowthPairCorr
  0.37HGOVX Hartford GrowthPairCorr
  0.37ARTFX Artisan High IncomePairCorr
  0.36SOFR SOFR Symbol ChangePairCorr
  0.36JEPQ JPMorgan Nasdaq EquityPairCorr
  0.35QJUN First Trust ExchangePairCorr
  0.34PSDSX Palmer Square UltraPairCorr
  0.34AFOZX Alger Funds MidPairCorr
  0.32LOUP Innovator Loup FrontierPairCorr
  0.32TRFK Pacer Funds TrustPairCorr
  0.31BTC Grayscale Bitcoin MiniPairCorr

Related Correlations Analysis

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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   
RBC
+ 0.94
PCYO
KNTK
+ 0.9
PCYO
KNTK
+ 0.83
RBC
KNTK
+ 0.63
WEC
WEC
+ 0.6
PCYO
WEC
+ 0.59
SPH
  
High negative correlations   
RBC
- 0.04
HIHO

Risk-Adjusted Indicators

There is a big difference between Lennar Bond performing well and Lennar 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 Lennar'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 Lennar 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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