Premium Catering Correlations

PC Stock

0.76 0.04 4.92%

The current 90-days correlation between Premium Catering and DLH Holdings Corp is -0.02 (i.e., Good diversification). The correlation of Premium Catering 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.

Premium Catering Correlation With Market

Good diversification

The correlation between Premium Catering Limited and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Premium Catering Limited 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 Premium Catering Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Premium Stock

0.69	NISN	Nisun International	Pair Corr
0.7	HY	Hyster Yale Materials	Pair Corr
0.69	MG	Mistras Group	Pair Corr

Moving against Premium Stock

0.72	GPN	Global Payments Sell-off Trend	Pair Corr
0.56	TH	Target Hospitality Corp	Pair Corr
0.56	AL	Air Lease	Pair Corr
0.48	R	Ryder System	Pair Corr
0.47	G	Genpact Limited	Pair Corr
0.42	AZZ	AZZ Incorporated	Pair Corr
0.6	AZ	A2Z Smart Technologies	Pair Corr
0.57	HI	Hillenbrand	Pair Corr
0.46	BE	Bloom Energy Corp	Pair Corr
0.43	CR	Crane Company	Pair Corr
0.34	CW	Curtiss Wright	Pair Corr
0.31	BR	Broadridge Financial	Pair Corr
0.31	BV	BrightView Holdings	Pair Corr
0.65	LZ	LegalZoom	Pair Corr
0.52	SQ	Block Inc	Pair Corr
0.44	PH	Parker Hannifin	Pair Corr
0.43	PL	Planet Labs PBC	Pair Corr
0.4	NX	Quanex Building Products	Pair Corr
0.39	OC	Owens Corning	Pair Corr

Related Correlations Analysis

	BV	FA	LZ	TH	DLHC	WHLM	ABM	AZZ	CBZ
BV		-0.11	0.77	0.04	-0.33	-0.46	0.83	0.45	0.64	BV
FA	-0.11		-0.29	-0.04	0.32	0.66	-0.19	0.21	-0.17	FA
LZ	0.77	-0.29		0.32	-0.46	-0.42	0.92	0.7	0.91	LZ
TH	0.04	-0.04	0.32		0.34	0.39	0.14	0.27	0.33	TH
DLHC	-0.33	0.32	-0.46	0.34		0.57	-0.53	-0.37	-0.41	DLHC
WHLM	-0.46	0.66	-0.42	0.39	0.57		-0.5	0.03	-0.27	WHLM
ABM	0.83	-0.19	0.92	0.14	-0.53	-0.5		0.72	0.89	ABM
AZZ	0.45	0.21	0.7	0.27	-0.37	0.03	0.72		0.86	AZZ
CBZ	0.64	-0.17	0.91	0.33	-0.41	-0.27	0.89	0.86		CBZ
	BV	FA	LZ	TH	DLHC	WHLM	ABM	AZZ	CBZ

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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

ABM	+ 0.92	LZ
CBZ	+ 0.91	LZ
CBZ	+ 0.89	ABM
CBZ	+ 0.86	AZZ
ABM	+ 0.83	BV
LZ	+ 0.77	BV

High negative correlations

ABM	- 0.53	DLHC
ABM	- 0.5	WHLM
DLHC	- 0.46	LZ
WHLM	- 0.46	BV
WHLM	- 0.42	LZ
CBZ	- 0.41	DLHC

Risk-Adjusted Indicators

There is a big difference between Premium Stock performing well and Premium Catering 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 Premium Catering'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
BV	1.62	0.05	0.04	0.10	2.74	(1.69)	3.55	(3.37)	19.91
FA	1.36	(0.11)	0.00	(0.02)	0.00	0.00	3.63	(3.01)	9.66
LZ	1.74	0.19	0.10	0.21	1.87	(2.11)	4.44	(2.56)	21.05
TH	2.14	(0.07)	(0.01)	0.02	3.80	(2.55)	5.68	(3.33)	21.73
DLHC	1.51	(0.59)	0.00	(0.19)	0.00	0.00	2.30	(3.57)	14.12
WHLM	2.83	(0.02)	0.00	(0.41)	0.00	0.00	6.54	(6.38)	39.65
ABM	1.08	0.06	0.06	0.13	1.09	(1.17)	2.05	(2.08)	7.53
AZZ	1.58	0.17	0.13	0.17	1.49	(1.87)	3.18	(2.20)	11.98
CBZ	1.20	0.17	0.13	0.20	1.12	(1.29)	2.55	(1.88)	11.45

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