COMCAST Correlations
| 20030NCT6 | 100.47 3.37 3.47% |
The correlation of COMCAST 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as COMCAST moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if COMCAST P NEW 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.
Good diversification
The correlation between COMCAST P NEW and NYA is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding COMCAST P NEW and NYA in the same portfolio, assuming nothing else is changed.
COMCAST |
The ability to find closely correlated positions to COMCAST could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace COMCAST 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 COMCAST - 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 COMCAST P NEW to buy it.
Moving against COMCAST Bond
| 0.57 | 90331HPL1 | US BANK NATIONAL | PairCorr |
| 0.57 | XOM | Exxon Mobil Corp Financial Report 26th of July 2024 | PairCorr |
| 0.5 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.42 | CVX | Chevron Corp Financial Report 26th of July 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 COMCAST Bond performing well and COMCAST 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 COMCAST'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 00108WAF7 | 1.19 | 0.18 | 0.10 | (0.44) | 1.34 | 2.67 | 10.83 | |||
| 90331HPL1 | 0.17 | (0.04) | 0.00 | (0.16) | 0.00 | 0.27 | 3.78 | |||
| MCK | 0.81 | 0.13 | 0.12 | 0.63 | 0.83 | 1.75 | 4.37 | |||
| AVAV | 2.12 | 0.75 | 0.34 | 0.70 | 1.66 | 5.73 | 34.38 | |||
| TPC | 2.43 | 0.89 | 0.39 | 0.44 | 1.79 | 3.98 | 34.16 | |||
| NEM | 1.63 | 0.38 | 0.19 | 0.37 | 1.58 | 3.92 | 16.29 | |||
| GIBX | 56.70 | 28.30 | 0.00 | 0.57 | 0.00 | 0.00 | 1,900 | |||
| MSFT | 0.97 | (0.01) | 0.00 | 0.00 | 1.34 | 1.83 | 6.04 | |||
| VITL | 2.14 | 1.35 | 0.89 | 1.27 | 0.42 | 4.74 | 31.06 | |||
| SO | 0.85 | 0.29 | 0.33 | 0.30 | 0.55 | 2.25 | 4.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in COMCAST 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?
Run Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
Other Information on Investing in COMCAST Bond
COMCAST financial ratios help investors to determine whether COMCAST Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in COMCAST with respect to the benefits of owning COMCAST security.