Planet 13 Correlations
| PLNH Stock | 0.36 0.01 2.86% |
The current 90-days correlation between Planet 13 Holdings and Marfrig Global Foods is 0.03 (i.e., Significant diversification). The correlation of Planet 13 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.
Planet 13 Correlation With Market
Good diversification
The correlation between Planet 13 Holdings and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Planet 13 Holdings and DJI in the same portfolio, assuming nothing else is changed.
Planet |
The ability to find closely correlated positions to Planet 13 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Planet 13 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 Planet 13 - 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 Planet 13 Holdings to buy it.
Moving against Planet OTC Stock
| 0.94 | C | Citigroup Aggressive Push | PairCorr |
| 0.91 | AMZN | Amazon Inc | PairCorr |
| 0.9 | YLWDF | Yellow Pages Limited | PairCorr |
| 0.9 | BKV | BKV Corporation | PairCorr |
| 0.88 | LGCY | Legacy Education | PairCorr |
| 0.86 | DYAI | Dyadic International | PairCorr |
| 0.86 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.85 | SUM | Summit Materials | PairCorr |
| 0.83 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
| 0.82 | CBSH | Commerce Bancshares Fiscal Year End 16th of January 2025 | PairCorr |
| 0.81 | CISO | Cerberus Cyber Sentinel Tech Boost | PairCorr |
| 0.8 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.77 | FBMS | First Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.76 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.73 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.68 | GBXI | GBX International | PairCorr |
| 0.68 | VULNF | Vulcan Energy Resources | PairCorr |
| 0.65 | CSSV | Caspian Services | PairCorr |
| 0.64 | TRDA | Entrada Therapeutics | PairCorr |
| 0.62 | MSFT | Microsoft | PairCorr |
| 0.6 | THCP | Thunder Bridge Capital | PairCorr |
| 0.55 | META | Meta Platforms | PairCorr |
| 0.49 | ZENV | Zenvia Inc Tech Boost | PairCorr |
| 0.35 | NVDA | NVIDIA Aggressive Push | PairCorr |
| 0.33 | INVZ | Innoviz Technologies | PairCorr |
| 0.96 | SMLR | Semler Scientific | PairCorr |
| 0.95 | SAPMF | Saipem SpA | PairCorr |
| 0.93 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.92 | NTRA | Natera Inc | PairCorr |
| 0.92 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.88 | DASH | DoorDash, Class A | PairCorr |
| 0.84 | GLABF | Gemina Laboratories | PairCorr |
| 0.84 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.84 | KKR | KKR Co LP Normal Trading | PairCorr |
| 0.82 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
| 0.81 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | WSM | Williams Sonoma | PairCorr |
Related Correlations Analysis
| 0.52 | 0.68 | 0.36 | -0.69 | 0.0 | MRRTY | ||
| 0.52 | 0.17 | 0.5 | -0.66 | 0.0 | ACI | ||
| 0.68 | 0.17 | 0.25 | -0.21 | 0.0 | HFFG | ||
| 0.36 | 0.5 | 0.25 | -0.23 | 0.0 | BRID | ||
| -0.69 | -0.66 | -0.21 | -0.23 | 0.0 | RCKY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WHWRF | ||
| 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 Planet OTC Stock performing well and Planet 13 OTC Stock 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 Planet 13'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRRTY | 2.64 | 0.10 | 0.02 | 0.45 | 3.26 | 6.31 | 20.37 | |||
| ACI | 1.09 | 0.12 | 0.08 | 0.95 | 1.14 | 2.60 | 7.55 | |||
| HFFG | 2.16 | 0.05 | 0.01 | (0.18) | 2.43 | 4.80 | 12.63 | |||
| BRID | 1.55 | 0.21 | 0.11 | 0.49 | 1.57 | 4.28 | 10.14 | |||
| RCKY | 2.13 | (0.37) | 0.00 | 1.29 | 0.00 | 3.84 | 29.75 | |||
| WHWRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Planet 13 Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Planet 13 otc stock to make a market-neutral strategy. Peer analysis of Planet 13 could also be used in its relative valuation, which is a method of valuing Planet 13 by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |