Parlem Telecom Correlations

PAR Stock

3.36 0.06 1.82%

The current 90-days correlation between Parlem Telecom ia and Hispanotels Inversiones SOCIMI is 0.03 (i.e., Significant diversification). The correlation of Parlem Telecom 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.

Parlem Telecom Correlation With Market

Significant diversification

The correlation between Parlem Telecom Companyia and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parlem Telecom Companyia and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Parlem Stock

0.72	BAIN	Borges Agricultural	Pair Corr
0.69	YTCH	Techo Hogar SOCIMI,	Pair Corr
0.63	VID	Vidrala SA	Pair Corr
0.62	LLN	Lleidanetworks Serveis	Pair Corr
0.62	NTH	Naturhouse Health	Pair Corr
0.59	LDA	Linea Directa Aseguradora	Pair Corr
0.56	SAN	Banco Santander	Pair Corr
0.55	ELE	Endesa SA	Pair Corr
0.54	NTGY	Naturgy Energy Group	Pair Corr
0.51	ELZ	Asturiana de Laminados	Pair Corr
0.49	GSJ	Grupo Empresarial San	Pair Corr
0.49	ACS	ACS Actividades de	Pair Corr
0.45	BKT	Bankinter	Pair Corr
0.43	ALQ	Alquiber Quality	Pair Corr
0.41	YENT	Entre Cua Socimi	Pair Corr
0.4	IBG	Iberpapel Gestion	Pair Corr
0.37	A3M	Atresmedia Corporacin	Pair Corr
0.34	TRG	Tubos Reunidos SA	Pair Corr
0.33	SEC	Secuoya Grupo de	Pair Corr
0.33	EDR	eDreams Odigeo SA	Pair Corr

Related Correlations Analysis

	YHSP	YHCR	PAR	AEDAS	YAI1	KOM	CLNX
YHSP		-0.65	-0.52	0.73	0.87	-0.14	0.07	YHSP
YHCR	-0.65		0.27	-0.69	-0.69	0.07	0.29	YHCR
PAR	-0.52	0.27		-0.52	-0.47	0.13	-0.13	PAR
AEDAS	0.73	-0.69	-0.52		0.69	-0.04	0.09	AEDAS
YAI1	0.87	-0.69	-0.47	0.69		-0.23	-0.16	YAI1
KOM	-0.14	0.07	0.13	-0.04	-0.23		-0.2	KOM
CLNX	0.07	0.29	-0.13	0.09	-0.16	-0.2		CLNX
	YHSP	YHCR	PAR	AEDAS	YAI1	KOM	CLNX

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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

YAI1	+ 0.87	YHSP
AEDAS	+ 0.73	YHSP
YAI1	+ 0.69	AEDAS
CLNX	+ 0.29	YHCR
PAR	+ 0.27	YHCR
KOM	+ 0.13	PAR

High negative correlations

YAI1	- 0.69	YHCR
AEDAS	- 0.69	YHCR
YHCR	- 0.65	YHSP
AEDAS	- 0.52	PAR
PAR	- 0.52	YHSP
YAI1	- 0.47	PAR

Risk-Adjusted Indicators

There is a big difference between Parlem Stock performing well and Parlem Telecom 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 Parlem Telecom'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
YHSP	0.24	0.14	0.00	1.78	0.00	0.00	0.72	0.00	1.40
YHCR	0.23	(0.13)	0.00	45.20	0.00	0.00	0.00	0.00	7.69
PAR	1.23	0.01	0.01	0.16	1.47	(2.55)	3.13	(3.03)	12.84
AEDAS	1.22	0.24	0.17	0.42	1.19	(1.38)	3.21	(2.18)	8.20
YAI1	0.57	0.13	0.06	(1.64)	0.66	(1.72)	0.99	(0.89)	8.48
KOM	0.21	(0.01)	0.00	0.04	0.00	0.00	0.00	0.00	7.77
CLNX	1.27	0.07	0.06	0.12	1.26	(1.63)	2.75	(2.23)	9.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Parlem Telecom 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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