42225UAK0 Correlations

42225UAK0

91.18 4.71 4.91%

The current 90-days correlation between HR 3625 15 and Arrow Electronics is 0.15 (i.e., Average diversification). The correlation of 42225UAK0 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.

42225UAK0 Correlation With Market

Average diversification

The correlation between HR 3625 15 JAN 28 and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HR 3625 15 JAN 28 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 42225UAK0 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 42225UAK0 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 42225UAK0 - 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 HR 3625 15 JAN 28 to buy it.

Moving together with 42225UAK0 Bond

0.8	DOCS	Doximity	Pair Corr
0.76	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.75	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.67	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.82	VZ	Verizon Communications Buyout Trend	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.69	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.77	T	ATT Inc Buyout Trend	Pair Corr
0.72	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.77	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Moving against 42225UAK0 Bond

0.74	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.34	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	ARW	FTLF	TBBB	GMS	ECCI	TSPCF	GAP	CCGY
ARW		0.07	0.83	0.32	0.0	0.5	0.2	0.0	ARW
FTLF	0.07		0.36	-0.1	0.0	0.26	-0.36	0.0	FTLF
TBBB	0.83	0.36		0.22	0.0	0.58	-0.02	0.0	TBBB
GMS	0.32	-0.1	0.22		0.0	0.25	0.48	0.0	GMS
ECCI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ECCI
TSPCF	0.5	0.26	0.58	0.25	0.0		-0.37	0.0	TSPCF
GAP	0.2	-0.36	-0.02	0.48	0.0	-0.37		0.0	GAP
CCGY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CCGY
	ARW	FTLF	TBBB	GMS	ECCI	TSPCF	GAP	CCGY

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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

TBBB	+ 0.83	ARW
TSPCF	+ 0.58	TBBB
TSPCF	+ 0.5	ARW
GAP	+ 0.48	GMS
TBBB	+ 0.36	FTLF
GMS	+ 0.32	ARW

High negative correlations

GAP	- 0.37	TSPCF
GAP	- 0.36	FTLF
GMS	- 0.1	FTLF
GAP	- 0.02	TBBB
CCGY	- 0.0	GAP
CCGY	- 0.0	TSPCF

Risk-Adjusted Indicators

There is a big difference between 42225UAK0 Bond performing well and 42225UAK0 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 42225UAK0'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
ARW	1.15	0.05	0.04	0.12	1.13	(1.40)	2.75	(1.69)	8.84
FTLF	1.22	(0.09)	0.00	(0.02)	0.00	0.00	3.53	(2.46)	11.92
TBBB	2.10	0.23	0.10	0.21	2.42	(2.20)	4.66	(5.18)	15.41
GMS	1.60	(0.19)	0.00	(0.04)	0.00	0.00	2.88	(3.74)	9.94
ECCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSPCF	1.32	0.32	0.00	(0.87)	0.00	0.00	4.88	(1.40)	32.87
GAP	2.27	(0.14)	(0.02)	0.00	2.75	(2.51)	4.37	(4.68)	12.75
CCGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in 42225UAK0 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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