CONSOLIDATED Correlations

209111FB4

86.13 0.00 0.00%

The current 90-days correlation between CONSOLIDATED EDISON and NuRAN Wireless is 0.12 (i.e., Average diversification). The correlation of CONSOLIDATED 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.

CONSOLIDATED Correlation With Market

Significant diversification

The correlation between CONSOLIDATED EDISON N and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CONSOLIDATED EDISON N and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CONSOLIDATED Bond

0.69	GGB	Gerdau SA ADR	Pair Corr
0.72	AAPL	Apple Inc	Pair Corr
0.7	A	Agilent Technologies	Pair Corr
0.63	MNST	Monster Beverage Corp	Pair Corr
0.71	DVLT	Datavault AI Symbol Change	Pair Corr
0.85	ETR	Entergy	Pair Corr
0.79	GMF	SPDR SP Emerging	Pair Corr
0.87	TCAI	Tortoise Capital Series	Pair Corr
0.62	IBCA	iShares Trust	Pair Corr
0.75	SGVT	Schwab Strategic Trust	Pair Corr
0.64	DFP	Flaherty and Crumrine	Pair Corr
0.74	PAUG	Innovator Equity Power	Pair Corr
0.64	AFK	VanEck Africa Index	Pair Corr
0.79	QQQ	Invesco QQQ Trust	Pair Corr
0.78	IDHQ	Invesco SP International	Pair Corr
0.76	AAAA	Amplius Aggressive Asset	Pair Corr
0.67	IWMI	NEOS Russell 2000 Low Volatility	Pair Corr
0.81	GPICX	Guidepath Conservative	Pair Corr
0.7	OGLIX	Oppenheimer Global	Pair Corr
0.65	TIGRX	Tiaa Cref Growth	Pair Corr
0.85	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.75	RYCCX	Nasdaq 100 2x	Pair Corr
0.7	WDIAX	Wilmington Diversified	Pair Corr
0.84	FSELX	Fidelity Select Semi	Pair Corr

Moving against CONSOLIDATED Bond

0.64

REKT

Direxion Shares ETF

Pair Corr

Related Correlations Analysis

	NRRWF	STMEF	JACO	EA	ERFB	WIRX	DRETF	BHE
NRRWF		0.62	0.0	-0.79	0.0	0.0	-0.05	-0.62	NRRWF
STMEF	0.62		0.0	-0.18	0.0	0.0	0.52	-0.66	STMEF
JACO	0.0	0.0		0.0	1.0	-1.0	0.0	0.0	JACO
EA	-0.79	-0.18	0.0		0.0	0.0	0.37	0.38	EA
ERFB	0.0	0.0	1.0	0.0		-1.0	0.0	0.0	ERFB
WIRX	0.0	0.0	-1.0	0.0	-1.0		0.0	0.0	WIRX
DRETF	-0.05	0.52	0.0	0.37	0.0	0.0		-0.35	DRETF
BHE	-0.62	-0.66	0.0	0.38	0.0	0.0	-0.35		BHE
	NRRWF	STMEF	JACO	EA	ERFB	WIRX	DRETF	BHE

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

ERFB	+ 1.0	JACO
STMEF	+ 0.62	NRRWF
DRETF	+ 0.52	STMEF
BHE	+ 0.38	EA
DRETF	+ 0.37	EA
JACO	+ 0.0	NRRWF

High negative correlations

WIRX	- 1.0	ERFB
WIRX	- 1.0	JACO
EA	- 0.79	NRRWF
BHE	- 0.66	STMEF
BHE	- 0.62	NRRWF
BHE	- 0.35	DRETF

Risk-Adjusted Indicators

There is a big difference between CONSOLIDATED Bond performing well and CONSOLIDATED 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 CONSOLIDATED'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
NRRWF	2.33	(1.30)	0.00	(7.18)	0.00	0.00	0.00	(11.66)	22.69
STMEF	1.12	(0.20)	0.00	0.48	0.00	0.00	3.09	(4.22)	19.61
JACO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EA	0.74	0.23	0.24	0.81	0.45	(1.04)	1.47	(0.93)	15.20
ERFB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WIRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DRETF	0.59	0.09	0.00	1.32	0.00	0.00	1.25	(0.28)	18.47
BHE	1.68	0.08	0.05	0.11	1.94	(1.71)	3.45	(2.94)	13.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in CONSOLIDATED 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 Commodity Directory Now

Commodity Directory

Find actively traded commodities issued by global exchanges

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

2025 Macroaxis LLC