Sugar Correlations

SBUSX Commodity

16.26 0.11 0.67%

The current 90-days correlation between Sugar and 30 Day Fed is -0.28 (i.e., Very good diversification). The correlation of Sugar 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.

Sugar Correlation With Market

Significant diversification

The correlation between Sugar and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sugar and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Sugar Commodity

0.88	VABS	Virtus Newfleet ABSMBS	Pair Corr
0.82	META	Meta Platforms Earnings Call This Week	Pair Corr
0.79	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.79	AVGO	Broadcom	Pair Corr
0.78	BUFD	FT Cboe Vest	Pair Corr
0.78	EUSB	iShares Trust	Pair Corr
0.77	NVDA	NVIDIA	Pair Corr
0.73	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.71	VBF	Invesco Van Kampen	Pair Corr
0.69	GOOG	Alphabet Class C Earnings Call Today	Pair Corr
0.69	IAF	Aberdeen Australia	Pair Corr
0.68	LTRY	Lottery, Common Stock	Pair Corr
0.61	TEQAX	Touchstone Sustainability	Pair Corr
0.46	SIVIX	State Street Institu	Pair Corr
0.42	HIDE	Alpha Architect High	Pair Corr
0.39	KGRN	KraneShares MSCI China	Pair Corr
0.37	GITS	Global Interactive Symbol Change	Pair Corr

Related Correlations Analysis

	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD	ZSUSX	ESUSD	ZBUSD	ZTUSD	HOUSD
ZQUSD		0.08	-0.24	-0.12	0.29	-0.44	0.01	0.47	0.36	0.16	ZQUSD
YMUSD	0.08		0.27	-0.24	0.65	-0.56	0.99	-0.24	0.01	0.61	YMUSD
RBUSD	-0.24	0.27		0.12	0.35	0.11	0.35	-0.24	0.01	0.61	RBUSD
ZRUSD	-0.12	-0.24	0.12		0.08	0.23	-0.17	0.2	0.49	0.09	ZRUSD
PLUSD	0.29	0.65	0.35	0.08		-0.6	0.66	-0.18	0.35	0.81	PLUSD
ZSUSX	-0.44	-0.56	0.11	0.23	-0.6		-0.5	-0.03	-0.21	-0.41	ZSUSX
ESUSD	0.01	0.99	0.35	-0.17	0.66	-0.5		-0.3	0.03	0.64	ESUSD
ZBUSD	0.47	-0.24	-0.24	0.2	-0.18	-0.03	-0.3		0.5	-0.15	ZBUSD
ZTUSD	0.36	0.01	0.01	0.49	0.35	-0.21	0.03	0.5		0.21	ZTUSD
HOUSD	0.16	0.61	0.61	0.09	0.81	-0.41	0.64	-0.15	0.21		HOUSD
	ZQUSD	YMUSD	RBUSD	ZRUSD	PLUSD	ZSUSX	ESUSD	ZBUSD	ZTUSD	HOUSD

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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

ESUSD	+ 0.99	YMUSD
HOUSD	+ 0.81	PLUSD
ESUSD	+ 0.66	PLUSD
PLUSD	+ 0.65	YMUSD
HOUSD	+ 0.64	ESUSD
HOUSD	+ 0.61	YMUSD

High negative correlations

ZSUSX	- 0.6	PLUSD
ZSUSX	- 0.56	YMUSD
ESUSD	- 0.5	ZSUSX
ZSUSX	- 0.44	ZQUSD
HOUSD	- 0.41	ZSUSX
ZBUSD	- 0.3	ESUSD

Risk-Adjusted Indicators

There is a big difference between Sugar Commodity performing well and Sugar Commodity 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 Sugar'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
ZQUSD	0.02	(0.01)	(5.13)	(1.26)	0.00	(0.03)	0.08	(0.04)	0.20
YMUSD	0.63	0.24	0.08	(2.46)	0.35	(0.77)	1.56	(0.97)	4.76
RBUSD	1.38	0.01	(0.07)	0.23	1.78	(1.60)	2.60	(2.40)	10.06
ZRUSD	1.10	(0.07)	0.00	0.33	0.00	0.00	2.43	(2.23)	5.95
PLUSD	1.89	0.62	0.25	2.88	1.68	(2.49)	4.27	(3.59)	10.87
ZSUSX	0.71	(0.01)	0.00	0.27	0.00	0.00	1.85	(1.32)	5.35
ESUSD	0.61	0.31	0.22	(3.76)	0.00	(0.77)	2.02	(0.81)	4.95
ZBUSD	0.49	(0.01)	(0.26)	(0.11)	0.61	(0.52)	0.91	(0.93)	2.48
ZTUSD	0.08	(0.01)	0.00	2.36	0.00	0.00	0.15	(0.21)	0.55
HOUSD	1.92	0.17	0.02	0.83	2.45	(2.06)	3.43	(4.15)	14.85

View Sugar Related Equities

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