PENINSULA ENERG Correlations

P1M Stock

EUR 0.43 0.01 2.38%

The current 90-days correlation between PENINSULA ENERG and RETAIL FOOD GROUP is 0.2 (i.e., Modest diversification). The correlation of PENINSULA ENERG 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.

PENINSULA ENERG Correlation With Market

Average diversification

The correlation between PENINSULA ENERG and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PENINSULA ENERG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with PENINSULA Stock

0.83	MSF	Microsoft	Pair Corr
0.83	MSF	Microsoft	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.83	MSF	Microsoft	Pair Corr
0.83	MSF	Microsoft	Pair Corr
0.79	AMZ	Amazon Inc	Pair Corr
0.83	KBIA	KB Financial Group	Pair Corr
0.75	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against PENINSULA Stock

0.87	TKDA	Takeda Pharmaceutical	Pair Corr
0.77	DBPE	Xtrackers LevDAX	Pair Corr
0.76	LLD2	Lloyds Banking Group	Pair Corr
0.61	SUMB	SUMITOMO P SP	Pair Corr
0.6	E908	Lyxor 1	Pair Corr
0.51	W8V	Bank of China Limited Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VEFW	PIK	JUU	719	SRJ	AP3	FR7
VEFW		0.53	0.18	-0.24	-0.06	0.81	0.43	VEFW
PIK	0.53		0.64	0.42	-0.27	0.17	0.64	PIK
JUU	0.18	0.64		0.57	-0.22	-0.13	0.79	JUU
719	-0.24	0.42	0.57		-0.31	-0.52	0.45	719
SRJ	-0.06	-0.27	-0.22	-0.31		-0.09	-0.12	SRJ
AP3	0.81	0.17	-0.13	-0.52	-0.09		0.05	AP3
FR7	0.43	0.64	0.79	0.45	-0.12	0.05		FR7
	VEFW	PIK	JUU	719	SRJ	AP3	FR7

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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

AP3	+ 0.81	VEFW
FR7	+ 0.79	JUU
JUU	+ 0.64	PIK
FR7	+ 0.64	PIK
719	+ 0.57	JUU
PIK	+ 0.53	VEFW

High negative correlations

AP3	- 0.52	719
SRJ	- 0.31	719
SRJ	- 0.27	PIK
719	- 0.24	VEFW
SRJ	- 0.22	JUU
AP3	- 0.13	JUU

Risk-Adjusted Indicators

There is a big difference between PENINSULA Stock performing well and PENINSULA ENERG 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 PENINSULA ENERG'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
VEFW	0.68	(0.15)	0.00	(0.56)	0.00	0.00	1.25	(1.52)	3.73
PIK	1.79	(0.20)	0.00	(1.20)	0.00	0.00	3.16	(4.05)	16.35
JUU	2.32	(0.66)	0.00	0.79	0.00	0.00	5.83	(6.92)	16.67
719	1.46	(0.12)	0.00	0.05	0.00	0.00	2.91	(2.70)	34.93
SRJ	1.42	0.03	0.04	0.17	1.97	(1.50)	2.14	(3.43)	15.39
AP3	1.00	(0.14)	0.00	(0.60)	0.00	0.00	2.00	(2.25)	9.36
FR7	1.33	(0.31)	0.00	2.33	0.00	0.00	2.20	(3.16)	9.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in PENINSULA ENERG 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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