Raymond James Correlations

0KU1 Stock

160.68 3.93 2.51%

The current 90-days correlation between Raymond James Financial and Coor Service Management is 0.26 (i.e., Modest diversification). The correlation of Raymond James 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Raymond James Correlation With Market

Modest diversification

The correlation between Raymond James Financial and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raymond James Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Raymond Stock

0.65	0R1W	Walmart	Pair Corr
0.87	0R1O	Amazon Inc	Pair Corr
0.67	0H3Q	Deutsche Post AG	Pair Corr
0.7	0R08	United Parcel Service	Pair Corr
0.66	0R1G	Home Depot	Pair Corr

Related Correlations Analysis

	BANK	AFC	ARB	SAN	0R8Q	0A9G	IGSU	AGRU	SXLB	JLEN
BANK		0.52	-0.49	0.65	0.87	-0.29	0.66	-0.8	0.75	0.28	BANK
AFC	0.52		-0.43	0.87	0.58	0.31	0.85	-0.5	0.82	0.37	AFC
ARB	-0.49	-0.43		-0.37	-0.48	-0.1	-0.36	0.45	-0.48	-0.23	ARB
SAN	0.65	0.87	-0.37		0.75	0.18	0.95	-0.62	0.93	0.18	SAN
0R8Q	0.87	0.58	-0.48	0.75		-0.19	0.76	-0.74	0.82	0.25	0R8Q
0A9G	-0.29	0.31	-0.1	0.18	-0.19		0.1	0.07	0.07	0.18	0A9G
IGSU	0.66	0.85	-0.36	0.95	0.76	0.1		-0.53	0.95	0.19	IGSU
AGRU	-0.8	-0.5	0.45	-0.62	-0.74	0.07	-0.53		-0.68	-0.26	AGRU
SXLB	0.75	0.82	-0.48	0.93	0.82	0.07	0.95	-0.68		0.24	SXLB
JLEN	0.28	0.37	-0.23	0.18	0.25	0.18	0.19	-0.26	0.24		JLEN
	BANK	AFC	ARB	SAN	0R8Q	0A9G	IGSU	AGRU	SXLB	JLEN

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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

IGSU	+ 0.95	SAN
SXLB	+ 0.95	IGSU
SXLB	+ 0.93	SAN
0R8Q	+ 0.87	BANK
SAN	+ 0.87	AFC
IGSU	+ 0.85	AFC

High negative correlations

AGRU	- 0.8	BANK
AGRU	- 0.74	0R8Q
SXLB	- 0.68	AGRU
AGRU	- 0.62	SAN
AGRU	- 0.53	IGSU
AGRU	- 0.5	AFC

Risk-Adjusted Indicators

There is a big difference between Raymond Stock performing well and Raymond James Company 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 Raymond James' 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
BANK	2.33	0.43	0.09	0.55	2.15	(5.10)	10.11	(5.15)	30.12
AFC	5.88	0.97	0.14	0.99	6.04	(6.41)	11.01	(10.68)	53.23
ARB	8.20	1.94	0.11	9.99	11.19	(13.64)	14.00	(10.00)	138.55
SAN	0.22	0.11	(0.06)	8.81	0.00	(0.38)	0.66	(0.20)	2.19
0R8Q	1.25	0.42	0.24	1.00	0.84	(1.61)	2.71	(1.96)	10.81
0A9G	4.17	0.20	0.00	(0.31)	7.89	(4.60)	8.02	(8.05)	56.33
IGSU	0.48	0.17	0.12	0.75	0.06	(0.57)	1.41	(0.77)	3.54
AGRU	0.46	(0.08)	0.00	(0.57)	0.00	0.00	0.79	(0.95)	4.38
SXLB	0.65	0.14	0.02	1.90	0.59	(0.73)	1.56	(1.46)	3.85
JLEN	589.71	288.79	10.96	3.17	2.57	(609.05)	2.68	(2.27)	10,147

Be your own money manager

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