Poste Italiane Correlations

7PI Stock

13.60 0.07 0.51%

The current 90-days correlation between Poste Italiane SpA and DXC Technology Co is 0.2 (i.e., Modest diversification). The correlation of Poste Italiane 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.

Poste Italiane Correlation With Market

Significant diversification

The correlation between Poste Italiane SpA and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poste Italiane SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Poste Stock

0.91	APC	Apple Inc	Pair Corr
0.91	APC	Apple Inc	Pair Corr
0.91	APC	Apple Inc	Pair Corr
0.91	APC	Apple Inc	Pair Corr
0.91	APC	Apple Inc	Pair Corr
0.91	APC	Apple Inc	Pair Corr
0.9	MSF	Microsoft	Pair Corr
0.9	MSF	Microsoft	Pair Corr
0.9	MSF	Microsoft	Pair Corr
0.9	MSF	Microsoft	Pair Corr
0.76	E908	Lyxor 1	Pair Corr
0.74	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Poste Stock

0.79	DBPD	Xtrackers ShortDAX	Pair Corr
0.78	BUU	DevEx Resources	Pair Corr

Related Correlations Analysis

	PO6	6WW	2XT	MTE	A35	CAC1	GRG	ESY
PO6		0.58	-0.26	-0.25	-0.3	0.61	-0.4	0.32	PO6
6WW	0.58		-0.54	-0.04	-0.55	0.26	-0.65	0.0	6WW
2XT	-0.26	-0.54		0.14	0.89	0.06	0.9	0.0	2XT
MTE	-0.25	-0.04	0.14		-0.01	-0.33	0.0	-0.56	MTE
A35	-0.3	-0.55	0.89	-0.01		0.21	0.95	0.19	A35
CAC1	0.61	0.26	0.06	-0.33	0.21		0.02	0.72	CAC1
GRG	-0.4	-0.65	0.9	0.0	0.95	0.02		0.07	GRG
ESY	0.32	0.0	0.0	-0.56	0.19	0.72	0.07		ESY
	PO6	6WW	2XT	MTE	A35	CAC1	GRG	ESY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GRG	+ 0.95	A35
GRG	+ 0.9	2XT
A35	+ 0.89	2XT
ESY	+ 0.72	CAC1
CAC1	+ 0.61	PO6
6WW	+ 0.58	PO6

High negative correlations

GRG	- 0.65	6WW
ESY	- 0.56	MTE
A35	- 0.55	6WW
2XT	- 0.54	6WW
GRG	- 0.4	PO6
CAC1	- 0.33	MTE

Risk-Adjusted Indicators

There is a big difference between Poste Stock performing well and Poste Italiane 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 Poste Italiane'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
PO6	1.07	0.06	0.03	(0.18)	1.29	(1.32)	2.15	(2.16)	7.36
6WW	2.37	(0.18)	0.00	0.18	0.00	0.00	5.85	(5.80)	29.91
2XT	1.83	0.08	0.03	(0.76)	2.09	(2.10)	3.95	(4.46)	12.35
MTE	2.35	(0.11)	0.00	(0.22)	0.00	0.00	5.19	(3.90)	24.67
A35	1.34	0.21	0.11	(0.50)	1.30	(1.79)	3.00	(2.31)	14.22
CAC1	1.04	0.13	0.11	(0.92)	0.90	(1.36)	2.03	(1.70)	8.79
GRG	1.35	0.34	0.21	0.49	1.12	(1.84)	2.83	(2.32)	14.13
ESY	1.33	0.36	0.14	(1.35)	1.11	(2.80)	3.66	(2.67)	15.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Poste Italiane 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.

Did you try this?

Run Money Managers Now

Money Managers

Screen money managers from public funds and ETFs managed around the world

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC