670346AU9 Correlations

670346AU9

69.38 0.00 0.00%

The current 90-days correlation between NUE 2979 15 and Celsius Holdings is -0.14 (i.e., Good diversification). The correlation of 670346AU9 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.

670346AU9 Correlation With Market

Good diversification

The correlation between NUE 2979 15 DEC 55 and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NUE 2979 15 DEC 55 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 670346AU9 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 670346AU9 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 670346AU9 - 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 NUE 2979 15 DEC 55 to buy it.

Moving against 670346AU9 Bond

0.54	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.48	GLPPRB	Global Partners LP	Pair Corr
0.48	DASH	DoorDash, Class A	Pair Corr
0.46	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.44	HUT	Hut 8 Corp	Pair Corr
0.44	IBLC	iShares Blockchain and	Pair Corr
0.43	FNCL	Fidelity MSCI Financials	Pair Corr
0.42	RCMT	RCM Technologies	Pair Corr
0.4	SOFR	SOFR Symbol Change	Pair Corr
0.39	EVGR	Evergreen Corp	Pair Corr
0.38	PETS	PetMed Express	Pair Corr
0.37	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.36	NBIX	Neurocrine Biosciences	Pair Corr
0.47	NVDX	T Rex 2X	Pair Corr
0.45	LMOFX	Miller Opportunity Trust	Pair Corr
0.4	FCSKX	Franklin Vertible	Pair Corr
0.38	LOUP	Innovator Loup Frontier	Pair Corr
0.35	ISJBX	Voya Stock Index	Pair Corr
0.35	CFSIX	Touchstone Sands Capital	Pair Corr
0.35	HAGAX	Eagle Mid Cap	Pair Corr
0.34	DTGRX	Dreyfus Technology Growth	Pair Corr
0.34	ASIUX	Multi Asset Real	Pair Corr
0.33	FRSGX	Franklin Small Mid	Pair Corr
0.33	HGOVX	Hartford Growth	Pair Corr
0.33	AFOZX	Alger Funds Mid	Pair Corr
0.32	TRFK	Pacer Funds Trust	Pair Corr
0.32	QJUN	First Trust Exchange	Pair Corr
0.31	SFEPX	Guggenheim Styleplus Potential Growth	Pair Corr

Related Correlations Analysis

	CELH	CPAC	GFF	NCTW	MJWNY	CEIX	COCO	PEP
CELH		-0.59	-0.48	0.0	-0.44	-0.61	-0.61	0.75	CELH
CPAC	-0.59		0.52	0.0	0.53	0.68	0.86	-0.81	CPAC
GFF	-0.48	0.52		0.0	0.57	0.68	0.72	-0.64	GFF
NCTW	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NCTW
MJWNY	-0.44	0.53	0.57	0.0		0.64	0.67	-0.48	MJWNY
CEIX	-0.61	0.68	0.68	0.0	0.64		0.78	-0.57	CEIX
COCO	-0.61	0.86	0.72	0.0	0.67	0.78		-0.86	COCO
PEP	0.75	-0.81	-0.64	0.0	-0.48	-0.57	-0.86		PEP
	CELH	CPAC	GFF	NCTW	MJWNY	CEIX	COCO	PEP

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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

COCO	+ 0.86	CPAC
COCO	+ 0.78	CEIX
PEP	+ 0.75	CELH
COCO	+ 0.72	GFF
CEIX	+ 0.68	CPAC
CEIX	+ 0.68	GFF

High negative correlations

PEP	- 0.86	COCO
PEP	- 0.81	CPAC
PEP	- 0.64	GFF
COCO	- 0.61	CELH
CEIX	- 0.61	CELH
CPAC	- 0.59	CELH

Risk-Adjusted Indicators

There is a big difference between 670346AU9 Bond performing well and 670346AU9 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 670346AU9'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
CELH	2.97	(0.30)	0.00	(0.56)	0.00	0.00	6.16	(5.49)	21.77
CPAC	1.15	0.11	0.05	(0.44)	1.42	(1.30)	2.97	(2.59)	8.44
GFF	1.72	0.06	0.04	0.06	1.91	(1.99)	3.03	(3.57)	22.89
NCTW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MJWNY	0.37	(0.09)	0.00	(1.44)	0.00	0.00	0.00	0.00	13.10
CEIX	1.63	0.08	0.05	0.07	1.85	(1.91)	5.15	(2.55)	17.96
COCO	1.42	0.33	0.19	0.94	1.35	(1.58)	3.72	(2.66)	11.39
PEP	0.74	(0.20)	0.00	(1.15)	0.00	0.00	1.24	(1.92)	5.88

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Our tools can tell you how much better you can do entering a position in 670346AU9 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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