The investment seeks to generate current income, with a secondary objective of capital preservation... Show more
Category MultisectorBond
A.I.dvisor tells us that RAAA and CLOA have been poorly correlated (+4% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that RAAA and CLOA's prices will move in lockstep.
| Ticker / NAME | Correlation To RAAA | 1D Price Change % | ||
|---|---|---|---|---|
| RAAA | 100% | -0.43% | ||
| CLOA - RAAA | 4% Poorly correlated | -0.29% | ||
| JBBB - RAAA | -0% Poorly correlated | +0.13% | ||
| CLOI - RAAA | -6% Poorly correlated | -0.36% | ||
| PAAA - RAAA | -7% Poorly correlated | -0.02% | ||
| JAAA - RAAA | -9% Poorly correlated | -0.02% |
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where RAAA advanced for three days, in 5 of 87 cases, the price rose further within the following month. The odds of a continued upward trend are 6%.
