/biz/ - Business & Finance

>>53474609
>>53474533
>>53474540
Actually it's fairly obvious here, risky bonds (such as high yield corporate bonds) do well when the SPY does well. It seems there are no bonds that are uncorrelated to the SPY (eg, they either all move with or against it to some degree). I use SPY because Yahoo has volume information for it, but doesn't provide it for SPX. SPY/SPX move together anyways. And same thing - TYO and TMV move against SPY the most, being bear leveraged etfs

Since bonds are largely correlated, they have the same basket of things that move with and against them - like I said, it shouldn't really matter what bonds you look at. But look at pic related. Everything in the grey boxes are uncorrelated to bonds, which make them a good offset on bonds.

So depending on the exact market and bond, WEAT, SOYB, and USO are good offsets to bonds via commodities, EOS and LINK crypto is apparently good? (though crypto is again correlated to itself, I'd just get BTC or ETH instead imo), GBP/NZD and EUR/AUD are good forex plays too.

>>53474665
>>53474629
Martin Shkreli has a YT channel from about 4-5 years ago, where he discusses how to read a balance sheet and calculate a company's NPV and whether it's fairly valued on the market. Interesting stuff.