PTT OIL+RETBUS-FOR-B Correlations

7F8 Stock  EUR 0.36  0.01  2.70%   
The current 90-days correlation between PTT OIL+RETBUS-FOR-B and PTT OILRETBUS NVDR 10 is 0.63 (i.e., Poor diversification). The correlation of PTT OIL+RETBUS-FOR-B 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.

PTT OIL+RETBUS-FOR-B Correlation With Market

Average diversification

The correlation between PTT OILRETBUS FOR BA10 and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PTT OILRETBUS FOR BA10 and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to PTT OIL+RETBUS-FOR-B could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PTT OIL+RETBUS-FOR-B 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 PTT OIL+RETBUS-FOR-B - 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 PTT OILRETBUS FOR BA10 to buy it.

Moving together with PTT Stock

  0.8RLI Reliance IndustriesPairCorr
  0.91NEF Neste OyjPairCorr
  0.91NEFA NESTE OYJ UNSPADRPairCorr
  0.88PQ9 BANK MANDIRIPairCorr
  0.77PQ9 PT Bank MandiriPairCorr
  0.85PQ9 BANK MANDIRIPairCorr
  0.84BYRA PT Bank RakyatPairCorr
  0.73BYRA BANK RAKYAT INDPairCorr
  0.87BYRA BANK RAKYAT INDPairCorr
  0.73BYRA PT Bank RakyatPairCorr
  0.8PTI Perusahaan PerseroanPairCorr
  0.74TCID Telkom Indonesia TbkPairCorr

Moving against PTT Stock

  0.58V1L Valero EnergyPairCorr
  0.42E908 Lyxor 1PairCorr
  0.32R66 Phillips 66PairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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SGJH7F80
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Risk-Adjusted Indicators

There is a big difference between PTT Stock performing well and PTT OIL+RETBUS-FOR-B 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 PTT OIL+RETBUS-FOR-B'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PTT OIL+RETBUS-FOR-B 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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