SIMON Correlations

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85.54 9.05 9.57%

The current 90-days correlation between SIMON PROPERTY GROUP and CMS Energy is -0.11 (i.e., Good diversification). The correlation of SIMON 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.

SIMON Correlation With Market

Good diversification

The correlation between SIMON PROPERTY GROUP 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 SIMON PROPERTY GROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SIMON Bond

0.73	MNTHY	Minth Group Limited	Pair Corr
0.7	TSW	Roundhill Investments Symbol Change	Pair Corr
0.68	WBD	Warner Bros Discovery	Pair Corr
0.66	BVNRY	Bavarian Nordic AS Earnings Call This Week	Pair Corr
0.66	ICLR	ICON PLC	Pair Corr
0.66	IE	Ivanhoe Electric	Pair Corr
0.64	SEDG	SolarEdge Technologies	Pair Corr
0.64	KHOLY	Koc Holdings AS Earnings Call This Week	Pair Corr
0.64	DJAN	First Trust Exchange	Pair Corr
0.62	VV	Vanguard Large Cap	Pair Corr
0.6	SJNK	SPDR Bloomberg Short	Pair Corr
0.57	BNS	Bank of Nova Scotia	Pair Corr
0.57	XJR	iShares ESG Screened	Pair Corr
0.57	SPSM	SPDR Portfolio SP	Pair Corr
0.56	JEF	Jefferies Financial	Pair Corr
0.53	MGYR	Magyar Bancorp	Pair Corr
0.48	00108WAF7	AEP TEX INC	Pair Corr
0.46	AAPB	GraniteShares ETF Trust	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.38	AVHNF	Ackermans Van Haaren	Pair Corr
0.69	SBI	Western Asset Interm Symbol Change	Pair Corr
0.63	ALTY	Global X Alternative	Pair Corr
0.61	RRTBX	Trowe Price Retirement	Pair Corr
0.61	TWRRX	Target 2030 Fund	Pair Corr
0.61	TRHRX	T Rowe Price	Pair Corr
0.6	GEM	Goldman Sachs ActiveBeta	Pair Corr
0.6	DNAIX	Dunham Appreciation	Pair Corr
0.6	TLSHX	Tiaa Cref Lifestyle	Pair Corr
0.6	GSCTX	Goldman Sachs Small	Pair Corr
0.6	FIOFX	Fidelity Freedom Index	Pair Corr
0.58	VYMI	Vanguard International	Pair Corr
0.58	HRMVX	Harbor Mid Cap	Pair Corr
0.57	BMBIX	Baird Quality Interm	Pair Corr
0.55	COWZ	Pacer Cash Cows	Pair Corr
0.55	RSLBX	Smallcap World	Pair Corr
0.53	AIOAX	Columbia Income Oppo	Pair Corr
0.49	MLDR	Global X Funds	Pair Corr

Related Correlations Analysis

	CMS-PC	APAM	BWFG	CMS-PB	FDVA	SEIC	EWBC
CMS-PC		0.85	0.9	0.79	0.3	0.69	0.76	CMS-PC
APAM	0.85		0.85	0.71	0.43	0.88	0.93	APAM
BWFG	0.9	0.85		0.8	0.55	0.73	0.76	BWFG
CMS-PB	0.79	0.71	0.8		0.39	0.56	0.61	CMS-PB
FDVA	0.3	0.43	0.55	0.39		0.32	0.27	FDVA
SEIC	0.69	0.88	0.73	0.56	0.32		0.95	SEIC
EWBC	0.76	0.93	0.76	0.61	0.27	0.95		EWBC
	CMS-PC	APAM	BWFG	CMS-PB	FDVA	SEIC	EWBC

Risk-Adjusted Indicators

There is a big difference between SIMON Bond performing well and SIMON 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 SIMON'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
CMS-PC	0.50	0.08	(0.01)	0.41	0.55	(0.55)	1.14	(1.20)	3.15
APAM	1.31	0.10	0.09	0.18	1.25	(1.46)	2.62	(2.38)	7.64
BWFG	1.28	0.13	0.11	0.21	1.23	(1.41)	2.43	(2.03)	8.54
CMS-PB	0.78	0.01	(0.05)	0.13	0.91	(0.92)	1.75	(1.52)	5.58
FDVA	0.58	0.17	0.07	0.65	0.10	(1.81)	2.36	(0.77)	7.97
SEIC	0.89	0.02	0.03	0.13	0.92	(0.94)	2.19	(1.78)	4.82
EWBC	1.32	0.03	0.07	0.13	1.35	(1.50)	2.95	(2.70)	10.47

Be your own money manager

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