Puxin Correlations
| NEWYYDelisted Stock | USD 0.02 0.00 0.00% |
The current 90-days correlation between Puxin Limited and Gaotu Techedu DRC is -0.05 (i.e., Good diversification). The correlation of Puxin 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.
Puxin Correlation With Market
Weak diversification
The correlation between Puxin Limited and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Puxin Limited and DJI in the same portfolio, assuming nothing else is changed.
Puxin |
The ability to find closely correlated positions to Puxin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Puxin 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 Puxin - 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 Puxin Limited to buy it.
Moving against Puxin Pink Sheet
| 0.46 | HNRC | Houston Natural Resources | PairCorr |
| 0.39 | TAL | TAL Education Group | PairCorr |
| 0.34 | MCAE | Mountain Crest Acqui | PairCorr |
| 0.33 | IDPUF | IDP Education Limited | PairCorr |
| 0.31 | GLUC | Glucose Health | PairCorr |
| 0.59 | LEU | Centrus Energy | PairCorr |
| 0.56 | BW | Babcock Wilcox Enter | PairCorr |
| 0.4 | MU | Micron Technology Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| -0.17 | 0.16 | -0.57 | 0.33 | -0.3 | -0.7 | GEHI | ||
| -0.17 | 0.81 | 0.69 | 0.73 | -0.4 | 0.05 | IH | ||
| 0.16 | 0.81 | 0.58 | 0.88 | -0.54 | -0.3 | GOTU | ||
| -0.57 | 0.69 | 0.58 | 0.32 | -0.1 | 0.38 | TAL | ||
| 0.33 | 0.73 | 0.88 | 0.32 | -0.58 | -0.41 | YQ | ||
| -0.3 | -0.4 | -0.54 | -0.1 | -0.58 | 0.7 | CHGG | ||
| -0.7 | 0.05 | -0.3 | 0.38 | -0.41 | 0.7 | DAO | ||
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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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Risk-Adjusted Indicators
There is a big difference between Puxin Pink Sheet performing well and Puxin 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 Puxin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GEHI | 2.63 | 0.03 | 0.00 | 0.04 | 0.00 | 7.53 | 37.55 | |||
| IH | 2.74 | 0.41 | 0.09 | (0.32) | 2.86 | 6.16 | 22.95 | |||
| GOTU | 3.68 | 0.00 | (0.01) | 0.05 | 4.27 | 9.51 | 41.91 | |||
| TAL | 3.32 | 0.50 | 0.13 | 0.92 | 3.42 | 6.68 | 33.92 | |||
| YQ | 3.16 | (0.32) | 0.00 | (0.44) | 0.00 | 7.17 | 32.10 | |||
| CHGG | 4.57 | 0.35 | 0.08 | 0.30 | 4.41 | 11.67 | 23.23 | |||
| DAO | 4.13 | 1.61 | 0.33 | (9.00) | 3.77 | 8.36 | 51.51 |
Puxin Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Puxin pink sheet to make a market-neutral strategy. Peer analysis of Puxin could also be used in its relative valuation, which is a method of valuing Puxin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Puxin Limited?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.