AERCAP Correlations

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96.80 3.22 3.22%

The current 90-days correlation between AERCAP IRELAND CAP and Ihuman Inc is -0.13 (i.e., Good diversification). The correlation of AERCAP 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.

AERCAP Correlation With Market

Significant diversification

The correlation between AERCAP IRELAND CAP and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AERCAP IRELAND CAP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AERCAP Bond

0.69	VCIGF	Vitreous Glass	Pair Corr
0.56	SITC	Site Centers Corp	Pair Corr
0.56	PALL	abrdn Physical Palladium	Pair Corr
0.55	00108WAF7	AEP TEX INC	Pair Corr
0.49	AISTX	Limited Duration	Pair Corr
0.45	DIVY	Tidal ETF Trust	Pair Corr
0.44	STRT	Strattec Security	Pair Corr
0.44	RRSVX	Rbc Small Cap	Pair Corr
0.43	VST	Vistra Energy Corp	Pair Corr
0.43	HERSX	Hartford Emerging Markets	Pair Corr
0.41	CIO-PA	City Office REIT	Pair Corr
0.4	MFSV	MFS Active Value	Pair Corr

Related Correlations Analysis

	IH	DAO	SLRC	SCHL	FDUS	VSTA	COE
IH		0.84	0.77	0.68	0.81	-0.62	0.63	IH
DAO	0.84		0.67	0.34	0.63	-0.55	0.28	DAO
SLRC	0.77	0.67		0.51	0.96	-0.57	0.6	SLRC
SCHL	0.68	0.34	0.51		0.65	-0.37	0.87	SCHL
FDUS	0.81	0.63	0.96	0.65		-0.56	0.67	FDUS
VSTA	-0.62	-0.55	-0.57	-0.37	-0.56		-0.41	VSTA
COE	0.63	0.28	0.6	0.87	0.67	-0.41		COE
	IH	DAO	SLRC	SCHL	FDUS	VSTA	COE

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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

FDUS	+ 0.96	SLRC
COE	+ 0.87	SCHL
DAO	+ 0.84	IH
FDUS	+ 0.81	IH
SLRC	+ 0.77	IH
SCHL	+ 0.68	IH

High negative correlations

VSTA	- 0.62	IH
VSTA	- 0.57	SLRC
VSTA	- 0.56	FDUS
VSTA	- 0.55	DAO
COE	- 0.41	VSTA
VSTA	- 0.37	SCHL

Risk-Adjusted Indicators

There is a big difference between AERCAP Bond performing well and AERCAP 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 AERCAP'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
IH	2.51	0.30	0.07	0.50	3.23	(2.90)	5.68	(5.44)	14.17
DAO	2.11	0.14	0.04	0.29	2.64	(2.21)	5.55	(3.88)	13.25
SLRC	1.19	(0.09)	(0.05)	0.00	2.08	(1.10)	2.08	(3.17)	10.50
SCHL	2.12	0.19	0.06	0.38	2.38	(2.51)	4.09	(4.17)	14.17
FDUS	1.29	(0.01)	(0.01)	0.09	2.13	(1.24)	2.26	(2.37)	12.78
VSTA	2.27	(0.01)	(0.02)	0.02	3.77	(2.43)	3.29	(4.93)	35.94
COE	3.21	0.54	0.08	5.96	4.37	(3.39)	8.67	(9.04)	24.60

Be your own money manager

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