TRIMBLE Correlations

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The current 90-days correlation between TRIMBLE INC 475 and AEP TEX INC is 0.14 (i.e., Average diversification). The correlation of TRIMBLE 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.

TRIMBLE Correlation With Market

Good diversification

The correlation between TRIMBLE INC 475 and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TRIMBLE INC 475 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TRIMBLE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRIMBLE 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 TRIMBLE - 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 TRIMBLE INC 475 to buy it.

Moving together with TRIMBLE Bond

0.64

90331HPL1

US BANK NATIONAL

Pair Corr

Moving against TRIMBLE Bond

0.47	NBIX	Neurocrine Biosciences	Pair Corr
0.47	WBA	Walgreens Boots Alliance Earnings Call This Week	Pair Corr
0.41	DMRC	Digimarc	Pair Corr
0.4	FELG	Fidelity Covington Trust	Pair Corr
0.36	KITTW	Nauticus Robotics	Pair Corr
0.36	IDAT	Ishares Trust	Pair Corr
0.34	SMLR	Semler Scientific	Pair Corr
0.31	OBYCF	Obayashi	Pair Corr
0.31	JBBB	Janus Detroit Street	Pair Corr
0.59	AAPB	GraniteShares ETF Trust	Pair Corr
0.4	ARKQ	ARK Autonomous Technology Low Volatility	Pair Corr
0.39	PSDSX	Palmer Square Ultra	Pair Corr
0.38	QJUN	First Trust Exchange	Pair Corr
0.38	PSHAX	Short Term Fund	Pair Corr
0.37	SOFR	SOFR Symbol Change	Pair Corr
0.36	HGOSX	Hartford Growth	Pair Corr
0.36	HGOVX	Hartford Growth	Pair Corr
0.35	SABA	Saba Capital Income Symbol Change	Pair Corr
0.34	JEPQ	JPMorgan Nasdaq Equity Sell-off Trend	Pair Corr

Related Correlations Analysis

	00108WAF7	90331HPL1	BSIG	NBIX	PTOP	GOOGL	SAPMF	BMYMP	TRT	CSSV
00108WAF7		0.01	-0.1	-0.01	0.13	0.01	0.07	0.01	-0.28	0.03	00108WAF7
90331HPL1	0.01		0.01	-0.45	0.36	-0.59	-0.31	-0.14	0.32	-0.08	90331HPL1
BSIG	-0.1	0.01		0.68	0.17	0.49	0.8	0.76	0.43	0.74	BSIG
NBIX	-0.01	-0.45	0.68		-0.05	0.85	0.83	0.72	0.08	0.72	NBIX
PTOP	0.13	0.36	0.17	-0.05		-0.18	0.09	0.3	0.18	0.28	PTOP
GOOGL	0.01	-0.59	0.49	0.85	-0.18		0.75	0.57	-0.07	0.62	GOOGL
SAPMF	0.07	-0.31	0.8	0.83	0.09	0.75		0.81	0.12	0.74	SAPMF
BMYMP	0.01	-0.14	0.76	0.72	0.3	0.57	0.81		0.47	0.72	BMYMP
TRT	-0.28	0.32	0.43	0.08	0.18	-0.07	0.12	0.47		0.21	TRT
CSSV	0.03	-0.08	0.74	0.72	0.28	0.62	0.74	0.72	0.21		CSSV
	00108WAF7	90331HPL1	BSIG	NBIX	PTOP	GOOGL	SAPMF	BMYMP	TRT	CSSV

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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

GOOGL	+ 0.85	NBIX
SAPMF	+ 0.83	NBIX
BMYMP	+ 0.81	SAPMF
SAPMF	+ 0.8	BSIG
BMYMP	+ 0.76	BSIG
SAPMF	+ 0.75	GOOGL

High negative correlations

GOOGL	- 0.59	90331HPL1
NBIX	- 0.45	90331HPL1
SAPMF	- 0.31	90331HPL1
TRT	- 0.28	00108WAF7
GOOGL	- 0.18	PTOP
BMYMP	- 0.14	90331HPL1

Risk-Adjusted Indicators

There is a big difference between TRIMBLE Bond performing well and TRIMBLE 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 TRIMBLE'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	0.10	0.04	0.24	1.90	(1.57)	5.71	(2.57)	13.40
90331HPL1	0.42	(0.03)	0.00	(0.09)	0.00	0.00	1.64	(1.87)	7.18
BSIG	1.37	0.08	0.03	0.38	1.67	(1.43)	2.98	(3.40)	11.14
NBIX	1.22	0.29	0.16	(0.80)	1.16	(1.41)	3.10	(1.82)	11.43
PTOP	12.55	2.36	0.06	(0.42)	12.95	(48.15)	50.00	(33.33)	83.33
GOOGL	1.30	0.31	0.14	(0.76)	1.44	(1.38)	3.60	(1.92)	9.18
SAPMF	0.61	0.23	0.00	(4.20)	0.00	0.00	3.31	0.00	10.52
BMYMP	1.61	0.50	0.08	4.85	1.57	(3.48)	7.23	(4.53)	22.13
TRT	2.57	0.16	0.06	0.14	2.65	(3.15)	5.68	(4.31)	17.89
CSSV	2.70	1.42	0.00	(0.92)	0.00	0.00	0.00	0.00	90.48

Be your own money manager

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