00108WAF7 Correlations
| 00108WAF7 | 82.21 11.70 16.59% |
The correlation of 00108WAF7 is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 00108WAF7 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AEP TEX INC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AEP TEX INC. Also, note that the market value of any Bond could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. 00108WAF7 |
The ability to find closely correlated positions to 00108WAF7 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 00108WAF7 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 00108WAF7 - 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 AEP TEX INC to buy it.
Related Correlations Analysis
00108WAF7 | 90331HPL1 | MMC | ENSG | AMPH | WRK | PEG | PGTI | VENG | AEL | ||
00108WAF7 | -0.07 | 0.17 | 0.25 | 0.2 | -0.04 | 0.34 | 0.17 | -0.07 | 0.09 | 00108WAF7 | |
90331HPL1 | -0.07 | 0.07 | 0.2 | 0.14 | 0.03 | 0.23 | 0.22 | -0.16 | 0.06 | 90331HPL1 | |
MMC | 0.17 | 0.07 | 0.63 | 0.71 | 0.43 | 0.62 | 0.2 | -0.03 | 0.84 | MMC | |
ENSG | 0.25 | 0.2 | 0.63 | 0.81 | 0.54 | 0.81 | 0.77 | -0.61 | 0.7 | ENSG | |
AMPH | 0.2 | 0.14 | 0.71 | 0.81 | 0.28 | 0.55 | 0.42 | -0.19 | 0.77 | AMPH | |
WRK | -0.04 | 0.03 | 0.43 | 0.54 | 0.28 | 0.47 | 0.61 | -0.66 | 0.51 | WRK | |
PEG | 0.34 | 0.23 | 0.62 | 0.81 | 0.55 | 0.47 | 0.68 | -0.48 | 0.62 | PEG | |
PGTI | 0.17 | 0.22 | 0.2 | 0.77 | 0.42 | 0.61 | 0.68 | -0.8 | 0.34 | PGTI | |
VENG | -0.07 | -0.16 | -0.03 | -0.61 | -0.19 | -0.66 | -0.48 | -0.8 | -0.12 | VENG | |
AEL | 0.09 | 0.06 | 0.84 | 0.7 | 0.77 | 0.51 | 0.62 | 0.34 | -0.12 | AEL | |
00108WAF7 | 90331HPL1 | MMC | ENSG | AMPH | WRK | PEG | PGTI | VENG | AEL |
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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 | High negative correlations |
Risk-Adjusted Indicators
There is a big difference between 00108WAF7 Bond performing well and 00108WAF7 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 00108WAF7'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 00108WAF7 | 1.51 | 0.29 | 0.12 | 22.86 | 1.77 | 0.09 | (2.04) | 4.63 | (2.75) | 19.43 | |
| 90331HPL1 | 0.10 | 0.01 | 0.16 | (0.65) | 0.00 | 0.13 | (0.13) | 0.30 | (0.16) | 0.59 | |
| MMC | 0.69 | 0.02 | 0.03 | 0.04 | 0.82 | 0.0272 | (0.70) | 1.45 | (1.44) | 3.31 | |
| ENSG | 1.07 | 0.14 | 0.11 | 0.14 | 1.14 | 0.1 | (1.21) | 2.79 | (1.72) | 7.29 | |
| AMPH | 1.87 | 0.11 | 0.04 | 0.08 | 2.70 | 0.0368 | (1.83) | 2.72 | (4.75) | 19.24 | |
| WRK | 1.42 | 0.37 | 0.20 | 0.33 | 1.55 | 0.20 | (1.56) | 2.93 | (2.88) | 9.09 | |
| PEG | 0.99 | 0.03 | 0.02 | 0.03 | 1.32 | 0.023 | (1.00) | 2.48 | (2.14) | 6.44 | |
| PGTI | 1.77 | 0.27 | 0.12 | 0.18 | 2.02 | 0.08 | (2.03) | 3.08 | (2.56) | 26.03 | |
| VENG | 188.07 | 96.18 | 2.40 | 100.80 | 28.69 | 0.16 | (280.57) | 233.33 | (96.00) | 4,996 | |
| AEL | 0.28 | 0.03 | 0.09 | 0.10 | 0.28 | 0.09 | (0.31) | 0.57 | (0.63) | 1.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 00108WAF7 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?
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Already Invested in AEP TEX INC?
The danger of trading AEP TEX INC is mainly related to its market volatility and Bond specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 00108WAF7 is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 00108WAF7. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AEP TEX INC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in AEP TEX INC. Also, note that the market value of any Bond could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for 00108WAF7 Bond analysis
When running 00108WAF7's price analysis, check to measure 00108WAF7's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 00108WAF7 is operating at the current time. Most of 00108WAF7's value examination focuses on studying past and present price action to predict the probability of 00108WAF7's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 00108WAF7's price. Additionally, you may evaluate how the addition of 00108WAF7 to your portfolios can decrease your overall portfolio volatility.
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