BANORT Correlations
| P1400MAC2 | 95.90 1.90 2.02% |
The correlation of BANORT 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 BANORT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BANORT 8 38 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 BANORT 8 38. Also, note that the market value of any Bond could be tightly coupled with the direction of predictive economic indicators such as signals in nation. BANORT |
The ability to find closely correlated positions to BANORT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BANORT 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 BANORT - 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 BANORT 8 38 to buy it.
Moving together with BANORT Bond
| + | 0.69 | NEGG | Newegg Commerce | Fiscal Year End 25th of April 2024 | PairCorr |
Moving against BANORT Bond
| - | 0.85 | SPH | Suburban Propane Partners | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.8 | BITO | ProShares Bitcoin | PairCorr | ||
| - | 0.8 | BITC | Bitwise Funds Trust | PairCorr | ||
| - | 0.64 | SPR | Spirit Aerosystems | Buyout Trend | PairCorr | |
| - | 0.62 | IGTA | Inception Growth Acq | PairCorr | ||
| - | 0.6 | GLD | SPDR Gold Shares | PairCorr | ||
| - | 0.58 | MEIP | MEI Pharma | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.5 | IMVT | ImmunovantInc | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.49 | 25459HBL8 | DIRECTV HLDGS LLC | PairCorr | ||
| - | 0.45 | SNAP | Snap Inc | Buyout Trend | PairCorr | |
| - | 0.43 | BVH | Bluegreen Vacations | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.42 | AWI | Armstrong World Indu | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
00108WAF7 | 90331HPL1 | LLY | EC | TSM | DIS | AGI | T | VZ | CYBN | ||
00108WAF7 | -0.07 | 0.23 | 0.12 | 0.31 | 0.21 | 0.34 | 0.1 | 0.27 | -0.26 | 00108WAF7 | |
90331HPL1 | -0.07 | 0.18 | 0.13 | 0.14 | 0.07 | 0.17 | 0.14 | 0.16 | -0.05 | 90331HPL1 | |
LLY | 0.23 | 0.18 | 0.57 | 0.57 | 0.56 | 0.48 | 0.39 | 0.34 | -0.02 | LLY | |
EC | 0.12 | 0.13 | 0.57 | 0.38 | 0.59 | 0.67 | 0.72 | 0.45 | 0.37 | EC | |
TSM | 0.31 | 0.14 | 0.57 | 0.38 | 0.87 | 0.67 | 0.57 | 0.69 | -0.32 | TSM | |
DIS | 0.21 | 0.07 | 0.56 | 0.59 | 0.87 | 0.71 | 0.7 | 0.69 | -0.12 | DIS | |
AGI | 0.34 | 0.17 | 0.48 | 0.67 | 0.67 | 0.71 | 0.76 | 0.79 | -0.09 | AGI | |
T | 0.1 | 0.14 | 0.39 | 0.72 | 0.57 | 0.7 | 0.76 | 0.82 | 0.25 | T | |
VZ | 0.27 | 0.16 | 0.34 | 0.45 | 0.69 | 0.69 | 0.79 | 0.82 | -0.15 | VZ | |
CYBN | -0.26 | -0.05 | -0.02 | 0.37 | -0.32 | -0.12 | -0.09 | 0.25 | -0.15 | CYBN | |
00108WAF7 | 90331HPL1 | LLY | EC | TSM | DIS | AGI | T | VZ | CYBN |
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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 BANORT Bond performing well and BANORT 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 BANORT'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 | 1.45 | 1.77 | 0.09 | (2.04) | 4.63 | (2.75) | 19.43 | |
| 90331HPL1 | 0.10 | 0.01 | 0.12 | (0.50) | 0.00 | 0.09 | (0.13) | 0.30 | (0.16) | 0.59 | |
| LLY | 1.41 | 0.11 | 0.06 | 0.11 | 1.70 | 0.06 | (1.41) | 4.38 | (3.13) | 9.31 | |
| EC | 1.42 | 0.27 | 0.15 | 0.23 | 1.53 | 0.15 | (1.53) | 2.82 | (3.28) | 9.11 | |
| TSM | 1.22 | 0.09 | 0.05 | 0.07 | 1.48 | 0.05 | (1.32) | 2.60 | (2.43) | 8.06 | |
| DIS | 1.21 | 0.16 | 0.11 | 0.28 | 1.32 | 0.1 | (1.41) | 2.64 | (2.44) | 9.20 | |
| AGI | 1.66 | 0.24 | 0.10 | 0.29 | 1.96 | 0.11 | (1.68) | 3.63 | (3.67) | 9.78 | |
| T | 1.15 | 0.24 | 0.18 | 0.33 | 1.05 | 0.15 | (1.32) | 3.00 | (2.17) | 9.36 | |
| VZ | 1.07 | 0.21 | 0.19 | 0.24 | 0.96 | 0.13 | (1.26) | 2.32 | (1.78) | 12.26 | |
| CYBN | 5.42 | 0.89 | 0.15 | (0.64) | 4.78 | 0.11 | (8.67) | 12.73 | (8.33) | 55.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BANORT 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 BANORT 8 38?
The danger of trading BANORT 8 38 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 BANORT 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 BANORT. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BANORT 8 38 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 BANORT 8 38. Also, note that the market value of any Bond could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the BANORT 8 38 information on this page should be used as a complementary analysis to other BANORT's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for BANORT Bond analysis
When running BANORT's price analysis, check to measure BANORT'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 BANORT is operating at the current time. Most of BANORT's value examination focuses on studying past and present price action to predict the probability of BANORT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BANORT's price. Additionally, you may evaluate how the addition of BANORT to your portfolios can decrease your overall portfolio volatility.
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