69331CAJ7 Correlations

69331CAJ7

95.09 3.54 3.59%

The current 90-days correlation between PGE 525 percent and AEP TEX INC is 0.01 (i.e., Significant diversification). The correlation of 69331CAJ7 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.

69331CAJ7 Correlation With Market

Average diversification

The correlation between PGE 525 percent and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PGE 525 percent and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 69331CAJ7 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 69331CAJ7 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 69331CAJ7 - 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 PGE 525 percent to buy it.

Moving against 69331CAJ7 Bond

0.75	WMT	Walmart	Pair Corr
0.73	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.73	DIS	Walt Disney	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.62	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.61	PYPL	PayPal Holdings	Pair Corr
0.61	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.57	ELFNX	Elfun Trusts Elfun	Pair Corr
0.56	CSCO	Cisco Systems	Pair Corr
0.51	AVTE	Aerovate Therapeutics	Pair Corr
0.46	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.42	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.37	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.36	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	PYPL	GOOG	IQ	APLD	AVTE	IONQ	BAC	FUND
00108WAF7		0.0	-0.05	0.0	0.0	-0.03	-0.04	-0.01	-0.07	-0.04	00108WAF7
90331HPL1	0.0		-0.28	-0.2	0.12	-0.37	-0.17	-0.41	-0.26	-0.45	90331HPL1
PYPL	-0.05	-0.28		0.77	-0.08	0.76	0.76	0.87	0.88	0.9	PYPL
GOOG	0.0	-0.2	0.77		0.01	0.41	0.77	0.7	0.72	0.79	GOOG
IQ	0.0	0.12	-0.08	0.01		0.0	-0.24	-0.38	-0.41	-0.15	IQ
APLD	-0.03	-0.37	0.76	0.41	0.0		0.53	0.73	0.68	0.75	APLD
AVTE	-0.04	-0.17	0.76	0.77	-0.24	0.53		0.82	0.87	0.8	AVTE
IONQ	-0.01	-0.41	0.87	0.7	-0.38	0.73	0.82		0.94	0.87	IONQ
BAC	-0.07	-0.26	0.88	0.72	-0.41	0.68	0.87	0.94		0.87	BAC
FUND	-0.04	-0.45	0.9	0.79	-0.15	0.75	0.8	0.87	0.87		FUND
	00108WAF7	90331HPL1	PYPL	GOOG	IQ	APLD	AVTE	IONQ	BAC	FUND

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

BAC	+ 0.94	IONQ
FUND	+ 0.9	PYPL
BAC	+ 0.88	PYPL
IONQ	+ 0.87	PYPL
BAC	+ 0.87	AVTE
FUND	+ 0.87	IONQ

High negative correlations

FUND	- 0.45	90331HPL1
BAC	- 0.41	IQ
IONQ	- 0.41	90331HPL1
IONQ	- 0.38	IQ
APLD	- 0.37	90331HPL1
PYPL	- 0.28	90331HPL1

Risk-Adjusted Indicators

There is a big difference between 69331CAJ7 Bond performing well and 69331CAJ7 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 69331CAJ7'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	1.33	0.14	0.00	(0.63)	1.84	(1.41)	3.24	(2.55)	10.75
90331HPL1	0.37	(0.03)	0.00	(0.25)	0.00	0.00	1.39	(1.70)	7.07
PYPL	1.36	0.29	0.19	0.37	1.22	(1.54)	3.52	(2.59)	10.05
GOOG	1.17	0.37	0.18	0.99	1.20	(1.26)	2.92	(1.95)	8.60
IQ	3.77	0.26	0.05	0.60	3.61	(4.78)	9.80	(5.75)	22.86
APLD	5.23	0.42	0.10	0.30	5.10	(5.88)	10.56	(8.40)	28.97
AVTE	2.38	0.45	0.17	0.73	1.99	(3.25)	5.58	(3.86)	19.11
IONQ	6.03	2.61	0.43	2.12	4.81	(7.26)	16.30	(9.99)	47.83
BAC	1.04	0.08	0.16	0.17	0.58	(1.29)	2.20	(1.42)	10.22
FUND	0.57	0.12	0.03	0.94	0.44	(0.66)	1.30	(1.02)	4.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in 69331CAJ7 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 Portfolio Analyzer Now

Portfolio Analyzer

Portfolio analysis module that provides access to portfolio diagnostics and optimization engine

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC