CONSUMERS Correlations

210518DA1

81.71 1.75 2.19%

The current 90-days correlation between CONSUMERS ENERGY 5 and AEP TEX INC is -0.06 (i.e., Good diversification). The correlation of CONSUMERS 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.

CONSUMERS Correlation With Market

Significant diversification

The correlation between CONSUMERS ENERGY 395 and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CONSUMERS ENERGY 395 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CONSUMERS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CONSUMERS 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 CONSUMERS - 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 CONSUMERS ENERGY 395 to buy it.

Moving against CONSUMERS Bond

0.79	GLCNF	Glencore PLC Earnings Call This Week	Pair Corr
0.77	CVLOX	Calamos Global Growth	Pair Corr
0.76	KEMQ	KraneShares Emerging	Pair Corr
0.73	F	Ford Motor	Pair Corr
0.68	CRWV	CoreWeave, Class A	Pair Corr
0.67	MAIN	Main Street Capital Earnings Call This Week	Pair Corr
0.64	RLJ	RLJ Lodging Trust Earnings Call This Week	Pair Corr
0.6	CRWD	Crowdstrike Holdings	Pair Corr
0.57	SRFM	Surf Air Mobility Downward Rally	Pair Corr
0.56	KWEB	KraneShares CSI China	Pair Corr
0.53	PTC	PTC Inc Tech Boost	Pair Corr
0.47	LUVU	Luvu Brands	Pair Corr
0.45	MAUKX	Pioneer Multi Asset	Pair Corr
0.44	MHO	MI Homes	Pair Corr
0.42	LYFT	LYFT Inc Earnings Call This Week	Pair Corr
0.4	00108WAF7	AEP TEX INC	Pair Corr
0.4	IVZ	Invesco Plc	Pair Corr

Related Correlations Analysis

	00108WAF7	MQ	BB	GLCNF	MRVL	IVZ	ECX	DNN	LSDAF
00108WAF7		0.54	0.14	0.58	0.74	0.67	0.28	0.7	0.09	00108WAF7
MQ	0.54		0.68	0.88	0.79	0.53	0.54	0.7	0.62	MQ
BB	0.14	0.68		0.43	0.54	-0.07	0.61	0.23	0.47	BB
GLCNF	0.58	0.88	0.43		0.76	0.71	0.41	0.82	0.41	GLCNF
MRVL	0.74	0.79	0.54	0.76		0.66	0.5	0.78	0.24	MRVL
IVZ	0.67	0.53	-0.07	0.71	0.66		0.01	0.86	0.1	IVZ
ECX	0.28	0.54	0.61	0.41	0.5	0.01		0.14	0.09	ECX
DNN	0.7	0.7	0.23	0.82	0.78	0.86	0.14		0.28	DNN
LSDAF	0.09	0.62	0.47	0.41	0.24	0.1	0.09	0.28		LSDAF
	00108WAF7	MQ	BB	GLCNF	MRVL	IVZ	ECX	DNN	LSDAF

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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

GLCNF	+ 0.88	MQ
DNN	+ 0.86	IVZ
DNN	+ 0.82	GLCNF
MRVL	+ 0.79	MQ
DNN	+ 0.78	MRVL
MRVL	+ 0.76	GLCNF

High negative correlations

IVZ

- 0.07

Risk-Adjusted Indicators

There is a big difference between CONSUMERS Bond performing well and CONSUMERS 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 CONSUMERS'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	1.23	0.22	0.04	(0.36)	1.75	(1.24)	2.76	(2.30)	11.60
MQ	1.57	0.38	0.17	0.61	1.63	(1.80)	3.87	(2.88)	14.30
BB	1.99	(0.01)	0.01	0.10	2.05	(2.32)	3.56	(3.08)	17.71
GLCNF	1.88	0.13	0.04	0.35	2.12	(2.07)	4.22	(3.36)	10.12
MRVL	2.52	0.25	0.10	0.27	2.78	(2.85)	6.32	(4.83)	13.70
IVZ	1.59	0.48	0.35	0.42	1.05	(2.00)	3.57	(2.19)	17.47
ECX	5.15	0.59	0.08	0.67	6.76	(6.18)	11.39	(8.02)	45.05
DNN	2.83	0.61	0.16	10.23	2.73	(3.36)	8.56	(4.67)	20.14
LSDAF	0.38	0.13	0.00	8.43	0.00	0.00	0.92	(0.50)	8.54

Be your own money manager

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