Patria Latin Correlations
| PLAO Stock | USD 11.85 0.04 0.34% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patria Latin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patria Latin American moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Patria Latin Correlation With Market
Significant diversification
The correlation between Patria Latin American and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Patria Latin American and DJI in the same portfolio, assuming nothing else is changed.
Patria |
Moving together with Patria Stock
| 0.78 | V | Visa Class A Sell-off Trend | PairCorr |
| 0.61 | PT | Pintec Technology | PairCorr |
| 0.69 | MFA | MFA Financial | PairCorr |
| 0.95 | TWO | Two Harbors Investments | PairCorr |
| 0.77 | BBUC | Brookfield Business Corp | PairCorr |
| 0.7 | COOP | Mr Cooper Group | PairCorr |
| 0.65 | BK | Bank of New York | PairCorr |
| 0.88 | DB | Deutsche Bank AG | PairCorr |
| 0.8 | GL | Globe Life | PairCorr |
Moving against Patria Stock
| 0.91 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.82 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.81 | WD | Walker Dunlop | PairCorr |
| 0.73 | AX | Axos Financial | PairCorr |
| 0.66 | CG | Carlyle Group Normal Trading | PairCorr |
| 0.65 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.63 | MC | Moelis | PairCorr |
| 0.6 | DHIL | Diamond Hill Investment | PairCorr |
| 0.56 | AXP | American Express | PairCorr |
| 0.43 | BY | Byline Bancorp | PairCorr |
| 0.42 | BN | Brookfield Corp | PairCorr |
| 0.35 | CIM | Chimera Investment | PairCorr |
| 0.88 | LC | LendingClub Corp Sell-off Trend | PairCorr |
| 0.8 | CM | Canadian Imperial Bank | PairCorr |
| 0.78 | WT | WisdomTree | PairCorr |
| 0.75 | KB | KB Financial Group | PairCorr |
| 0.73 | VALU | Value Line | PairCorr |
| 0.72 | VBNK | VersaBank | PairCorr |
| 0.65 | RY | Royal Bank | PairCorr |
| 0.64 | PX | P10 Inc | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Patria Stock performing well and Patria Latin 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 Patria Latin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PPHP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RWOD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FTIIU | 1.00 | 0.04 | 0.01 | 0.00 | 1.93 | 4.03 | 12.67 | |||
| CMCA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QOMO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VSACU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LIBYU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMCAU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |