Penguin Solutions, Correlations
| PENG Stock | 19.16 0.59 2.99% |
The current 90-days correlation between Penguin Solutions, and Iridium Communications is 0.18 (i.e., Average diversification). The correlation of Penguin Solutions, 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.
Penguin Solutions, Correlation With Market
Modest diversification
The correlation between Penguin Solutions, and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Penguin Solutions, and DJI in the same portfolio, assuming nothing else is changed.
Penguin |
Moving together with Penguin Stock
| 0.75 | KD | Kyndryl Holdings | PairCorr |
| 0.66 | ACN | Accenture plc | PairCorr |
| 0.7 | GIB | CGI Inc | PairCorr |
| 0.71 | MFH | Mercurity Fintech Holding | PairCorr |
| 0.62 | GDYN | Grid Dynamics Holdings | PairCorr |
| 0.71 | NABL | N Able Inc | PairCorr |
Moving against Penguin Stock
Related Correlations Analysis
| 0.25 | 0.3 | 0.19 | 0.47 | 0.3 | IRDM | ||
| 0.25 | -0.14 | -0.06 | 0.11 | 0.06 | MDIA | ||
| 0.3 | -0.14 | -0.17 | -0.29 | -0.24 | KVHI | ||
| 0.19 | -0.06 | -0.17 | 0.83 | 0.93 | WEC | ||
| 0.47 | 0.11 | -0.29 | 0.83 | 0.87 | ZH | ||
| 0.3 | 0.06 | -0.24 | 0.93 | 0.87 | LNT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Penguin Stock performing well and Penguin Solutions, 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 Penguin Solutions,'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IRDM | 1.75 | (0.01) | 0.00 | (0.07) | 0.00 | 2.69 | 22.16 | |||
| MDIA | 2.87 | (0.03) | 0.00 | (0.23) | 0.00 | 4.55 | 17.85 | |||
| KVHI | 1.80 | (0.12) | 0.00 | (1.69) | 0.00 | 2.92 | 12.61 | |||
| WEC | 0.94 | 0.20 | 0.20 | 0.54 | 1.07 | 2.00 | 5.89 | |||
| ZH | 3.18 | 0.53 | 0.14 | 0.52 | 3.27 | 8.05 | 27.14 | |||
| LNT | 0.87 | 0.09 | 0.11 | 0.25 | 1.20 | 1.93 | 5.88 |
Penguin Solutions, Corporate Executives
Elected by the shareholders, the Penguin Solutions,'s board of directors comprises two types of representatives: Penguin Solutions, inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Penguin. The board's role is to monitor Penguin Solutions,'s management team and ensure that shareholders' interests are well served. Penguin Solutions,'s inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Penguin Solutions,'s outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nate Olmstead | Senior CFO | Profile | |
| Jack Pacheco | COO Memory | Profile |