Proficient Auto Correlations

PAL Stock

9.75 0.17 1.71%

The current 90-days correlation between Proficient Auto Logi and BingEx is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Proficient Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Proficient Auto Logistics, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Proficient Auto Correlation With Market

Good diversification

The correlation between Proficient Auto Logistics, and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Proficient Auto Logistics, and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Proficient Auto Logistics,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Proficient Stock

0.67	PBI	Pitney Bowes	Pair Corr
0.68	CRGOW	Freightos Limited	Pair Corr
0.65	G	Genpact Limited	Pair Corr

Moving against Proficient Stock

0.58	NCEW	New Century Logistics	Pair Corr
0.51	LSH	Lakeside Holding	Pair Corr
0.51	SFWL	Shengfeng Development	Pair Corr
0.47	BTOC	Armlogi Holding Corp	Pair Corr
0.44	CYRX	Cryoport	Pair Corr
0.34	GXO	GXO Logistics	Pair Corr
0.33	FDX	FedEx	Pair Corr
0.32	LSTR	Landstar System	Pair Corr
0.56	BW	Babcock Wilcox Enter	Pair Corr
0.5	BV	BrightView Holdings	Pair Corr
0.43	CW	Curtiss Wright	Pair Corr
0.38	IR	Ingersoll Rand	Pair Corr
0.34	NL	NL Industries	Pair Corr

Related Correlations Analysis

	EXPD	FDX	FLX	GVH	GXO	JYD	FWRD	LSH	PAL	PBI
EXPD		-0.6	0.28	-0.22	-0.63	0.34	-0.77	-0.67	0.45	0.61	EXPD
FDX	-0.6		-0.22	0.15	0.64	-0.67	0.81	0.84	-0.33	-0.61	FDX
FLX	0.28	-0.22		0.39	-0.37	0.26	-0.1	-0.19	0.27	0.47	FLX
GVH	-0.22	0.15	0.39		0.19	0.13	0.4	0.19	0.28	0.12	GVH
GXO	-0.63	0.64	-0.37	0.19		-0.38	0.79	0.67	-0.34	-0.66	GXO
JYD	0.34	-0.67	0.26	0.13	-0.38		-0.39	-0.64	0.42	0.72	JYD
FWRD	-0.77	0.81	-0.1	0.4	0.79	-0.39		0.8	-0.22	-0.54	FWRD
LSH	-0.67	0.84	-0.19	0.19	0.67	-0.64	0.8		-0.51	-0.64	LSH
PAL	0.45	-0.33	0.27	0.28	-0.34	0.42	-0.22	-0.51		0.67	PAL
PBI	0.61	-0.61	0.47	0.12	-0.66	0.72	-0.54	-0.64	0.67		PBI
	EXPD	FDX	FLX	GVH	GXO	JYD	FWRD	LSH	PAL	PBI

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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

LSH	+ 0.84	FDX
FWRD	+ 0.81	FDX
LSH	+ 0.8	FWRD
FWRD	+ 0.79	GXO
PBI	+ 0.72	JYD
LSH	+ 0.67	GXO

High negative correlations

FWRD	- 0.77	EXPD
JYD	- 0.67	FDX
LSH	- 0.67	EXPD
PBI	- 0.66	GXO
PBI	- 0.64	LSH
LSH	- 0.64	JYD

Risk-Adjusted Indicators

There is a big difference between Proficient Stock performing well and Proficient Auto 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 Proficient Auto'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
EXPD	1.08	0.00	0.00	(0.01)	1.35	(1.24)	2.17	(2.47)	8.61
FDX	1.34	(0.20)	0.00	(0.20)	0.00	0.00	2.51	(4.26)	9.63
FLX	3.26	(0.05)	0.00	0.12	0.00	0.00	8.11	(7.30)	23.90
GVH	3.80	0.16	0.03	(0.88)	4.13	(5.62)	11.86	(8.00)	28.88
GXO	1.83	(0.20)	0.00	(0.36)	0.00	0.00	3.76	(3.92)	18.23
JYD	6.47	2.10	0.25	10.12	5.91	(7.14)	17.59	(12.88)	55.39
FWRD	2.68	(0.59)	0.00	(0.43)	0.00	0.00	6.61	(6.28)	21.86
LSH	3.93	(0.96)	0.00	(0.63)	0.00	0.00	8.12	(10.74)	42.53
PAL	3.14	0.24	0.06	(0.45)	3.80	(3.30)	5.02	(6.72)	39.37
PBI	2.16	0.36	0.15	0.23	2.21	(2.60)	7.62	(3.92)	18.53

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