SOCGEN Correlations
| 83368TBR8 | 103.43 0.32 0.31% |
The current 90-days correlation between SOCGEN 6446 10 and NiSource is -0.03 (i.e., Good diversification). The correlation of SOCGEN 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.
SOCGEN Correlation With Market
Significant diversification
The correlation between SOCGEN 6446 10 JAN 29 and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SOCGEN 6446 10 JAN 29 and DJI in the same portfolio, assuming nothing else is changed.
SOCGEN |
The ability to find closely correlated positions to SOCGEN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOCGEN 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 SOCGEN - 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 SOCGEN 6446 10 JAN 29 to buy it.
Moving together with SOCGEN Bond
Moving against SOCGEN Bond
| 0.72 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.72 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.64 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.58 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.32 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
| 0.84 | 0.65 | 0.37 | 0.86 | 0.88 | NI | ||
| 0.84 | 0.5 | 0.41 | 0.86 | 0.83 | TSLA | ||
| 0.65 | 0.5 | 0.33 | 0.53 | 0.58 | AM | ||
| 0.37 | 0.41 | 0.33 | 0.44 | 0.17 | WES | ||
| 0.86 | 0.86 | 0.53 | 0.44 | 0.81 | MGA | ||
| 0.88 | 0.83 | 0.58 | 0.17 | 0.81 | GEV | ||
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Risk-Adjusted Indicators
There is a big difference between SOCGEN Bond performing well and SOCGEN 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 SOCGEN'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NI | 0.76 | 0.11 | 0.05 | 0.59 | 0.73 | 1.54 | 4.71 | |||
| TSLA | 3.15 | 0.89 | 0.34 | 0.56 | 2.33 | 8.19 | 28.06 | |||
| AM | 1.02 | 0.01 | (0.01) | 0.10 | 1.44 | 2.27 | 7.91 | |||
| WES | 1.18 | 0.06 | (0.01) | 0.47 | 1.41 | 2.55 | 5.82 | |||
| MGA | 1.49 | 0.10 | 0.05 | 0.18 | 2.04 | 3.06 | 11.56 | |||
| GEV | 1.97 | 0.55 | 0.25 | 0.48 | 1.96 | 5.01 | 14.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SOCGEN 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?
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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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