CORURI Correlations

N2322CAA3   88.89  0.74  0.83%   
The current 90-days correlation between CORURI 10 10 and US BANK NATIONAL is -0.2 (i.e., Good diversification). The correlation of CORURI 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.

CORURI Correlation With Market

Modest diversification

The correlation between CORURI 10 10 FEB 27 and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CORURI 10 10 FEB 27 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CORURI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CORURI 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 CORURI - 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 CORURI 10 10 FEB 27 to buy it.

Moving together with CORURI Bond

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  0.73GS Goldman Sachs Group Fiscal Year End 21st of January 2025 PairCorr
  0.7CRK Comstock ResourcesPairCorr
  0.72ZETA Zeta Global Holdings Tech BoostPairCorr
  0.9RILYM Dow Jones ToysPairCorr
  0.84SEA US Global SeaPairCorr
  0.73FNDF Schwab FundamentalPairCorr
  0.61FMDRX Franklin Mutual GlobalPairCorr
  0.74GAB Gabelli Equity TrustPairCorr

Moving against CORURI Bond

  0.4300108WAF7 AEP TEX INCPairCorr

Related Correlations Analysis

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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   
LLY90331HPL1
SLG90331HPL1
SLGLLY
PAGUPS
QCOMLLY
PGSPSC
  
High negative correlations   
QCOMUPS
UPSLLY
QCOM00108WAF7
BWALLY
UPS90331HPL1
BWA90331HPL1

Risk-Adjusted Indicators

There is a big difference between CORURI Bond performing well and CORURI 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 CORURI'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
90331HPL1  0.10 (0.01)(0.39)(0.15) 0.22 
 0.19 
 0.65 
00108WAF7  1.01  0.20  0.06 (0.47) 1.03 
 2.38 
 5.74 
SPSC  1.39  0.21  0.15  0.25  1.20 
 3.31 
 10.34 
LLY  1.20  0.24  0.07 (0.81) 1.62 
 2.55 
 12.21 
BWA  1.43 (0.13)(0.04) 0.01  1.84 
 2.56 
 12.40 
UPS  1.02 (0.05)(0.04) 0.04  1.26 
 2.21 
 5.66 
QCOM  1.77  0.14  0.03  0.37  2.54 
 3.29 
 18.35 
PG  0.61  0.08  0.04  0.26  0.62 
 1.44 
 2.90 
SLG  1.77  0.29  0.17  0.38  1.53 
 4.92 
 8.84 
PAG  1.11 (0.03)(0.03) 0.06  1.09 
 2.45 
 6.29 

Be your own money manager

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