PENINSULA ENERG Correlations

Stocks . Germany . 
Stock . PENINSULA ENERG
P1M Stock   0.77  0.07  10.00%   
The current 90-days correlation between PENINSULA ENERG and Apple Inc is -0.04 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

PENINSULA ENERG Correlation With Market

Average diversification

The correlation between PENINSULA ENERG and DJI is 0.15 (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

  0.75EII EisaiPairCorr

Moving against PENINSULA Stock

  0.82AMZ Amazon IncPairCorr
  0.78MSF MicrosoftPairCorr
  0.77APC Apple IncPairCorr
  0.77APC Apple IncPairCorr
  0.77APC Apple IncPairCorr
  0.77APC Apple IncPairCorr
  0.77MSF MicrosoftPairCorr
  0.77MSF MicrosoftPairCorr
  0.77MSF MicrosoftPairCorr
  0.76MSF MicrosoftPairCorr
  0.76CYL CryoLifePairCorr
  0.52WDC WESTERN DIGITALPairCorr
  0.49WDC WESTERN DIGITALPairCorr
  0.49WDC WESTERN DIGITALPairCorr
  0.48WDC Western DigitalPairCorr
  0.47WDC WESTERN DIGITALPairCorr
  0.93PPB Flutter Entertainment PLCPairCorr
  0.89SK3 Smurfit Kappa GroupPairCorr
  0.87EQN2 EquinixPairCorr
  0.86UFH US FOODS HOLDINGPairCorr
  0.852WY Wyndham Hotels ResortsPairCorr
  0.832T9A TRAINLINE PLC LSPairCorr
  0.76CYL CRYOLIFEPairCorr
  0.76APC Apple IncPairCorr
  0.72AZ5 AutoZonePairCorr
  0.72WX1 Acadia Realty TrustPairCorr
  0.714GE Grupo Mxico SABPairCorr
  0.64KOMA KOMATSU LTD SPONSPairCorr
  0.64HXL HexcelPairCorr
  0.55D4G Datametrex AI LimitedPairCorr
  0.54WX7 Corporate Office ProPairCorr
  0.47D2V PARKEN Sport EntertaPairCorr
  0.41TSFA Taiwan SemiconductorPairCorr
  0.88PTX Palantir TechnologiesPairCorr
  0.88LIE Sun Life FinancialPairCorr
  0.84HIP Park Hotels ResortsPairCorr
  0.822CDA Controladora Vuela CompaaPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.92  0.24  0.16  20.15  1.07 
(0.97)
 2.22 
(1.83)
 6.45 
APC  0.90  0.23  0.18  1.20  0.93 
(1.00)
 1.81 
(1.75)
 4.97 
APC  0.85  0.25  0.20  1.43  0.99 
(0.96)
 1.88 
(1.61)
 6.46 
APC  0.91  0.23  0.20  5.09  0.79 
(1.06)
 2.33 
(1.69)
 5.24 
MSF  0.96  0.10  0.05  0.39  1.44 
(0.98)
 2.46 
(1.92)
 9.09 
MSF  1.00  0.11  0.06  1.06  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  1.04  0.09  0.05  1.34  1.36 
(1.18)
 2.35 
(1.75)
 9.11 
MSF  0.93  0.09  0.04 (9.07) 1.35 
(1.02)
 2.04 
(1.49)
 8.79 
MSF  0.96  0.11  0.07  0.58  1.24 
(1.17)
 2.55 
(1.46)
 8.71 
AMZ  1.23  0.37  0.23  1.71  1.09 
(1.33)
 2.87 
(1.73)
 9.60 

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.

Did you try this?

Run Latest Portfolios Now

   

Latest Portfolios

Quick portfolio dashboard that showcases your latest portfolios
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY