PETRONAS Gas Correlations
| PNAGF Stock | USD 3.88 0.00 0.00% |
The current 90-days correlation between PETRONAS Gas Berhad and Hertz Global Holdings is 0.05 (i.e., Significant diversification). The correlation of PETRONAS Gas 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.
PETRONAS Gas Correlation With Market
Good diversification
The correlation between PETRONAS Gas Berhad and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PETRONAS Gas Berhad and DJI in the same portfolio, assuming nothing else is changed.
PETRONAS |
The ability to find closely correlated positions to PETRONAS Gas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PETRONAS Gas 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 PETRONAS Gas - 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 PETRONAS Gas Berhad to buy it.
Moving together with PETRONAS Pink Sheet
| 0.87 | GTI | Graphjet Technology Symbol Change | PairCorr |
| 0.78 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.76 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.67 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against PETRONAS Pink Sheet
| 0.85 | GOOG | Alphabet Class C | PairCorr |
| 0.82 | AAPL | Apple Inc | PairCorr |
| 0.78 | PPYA | Papaya Growth Opportunity | PairCorr |
| 0.69 | AMZN | Amazon Inc | PairCorr |
| 0.62 | LGCY | Legacy Education | PairCorr |
| 0.59 | MSFT | Microsoft | PairCorr |
| 0.51 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.48 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.46 | META | Meta Platforms | PairCorr |
| 0.46 | TSM | Taiwan Semiconductor Fiscal Year End 16th of January 2025 | PairCorr |
| 0.42 | AIBBU | AIB Acquisition Corp | PairCorr |
| 0.39 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.33 | DASH | DoorDash, Class A | PairCorr |
| 0.87 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.58 | WMT | Walmart | PairCorr |
| 0.41 | CSCO | Cisco Systems | PairCorr |
| 0.37 | EDBL | Edible Garden AG | PairCorr |
| 0.36 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
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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 PETRONAS Pink Sheet performing well and PETRONAS Gas 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 PETRONAS Gas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTZ | 3.66 | 0.28 | 0.06 | (6.04) | 4.19 | 8.22 | 21.27 | |||
| RSVR | 1.89 | 0.26 | 0.10 | 0.57 | 2.38 | 4.75 | 13.53 | |||
| SCKT | 2.59 | 0.28 | 0.07 | 15.06 | 3.34 | 5.93 | 26.40 | |||
| BCE | 0.93 | (0.59) | 0.00 | 28.04 | 0.00 | 1.47 | 11.91 | |||
| CAR | 2.48 | (0.08) | 0.00 | 0.10 | 0.00 | 6.39 | 17.30 | |||
| CPS | 2.68 | 0.00 | 0.00 | 0.01 | 3.54 | 6.04 | 24.57 | |||
| SPHR | 2.04 | (0.09) | 0.00 | 0.76 | 0.00 | 5.19 | 14.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PETRONAS Gas 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.Did you try this?
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PETRONAS Gas Corporate Management
| Zabidi Ahmad | Head Utilities | Profile | |
| Abdul Saim | Head - Commercial and Corporate Services Division | Profile | |
| Izan Ishak | IR Contact Officer | Profile | |
| Harmaini Yahaya | Head Excellence | Profile | |
| Rosni Hamid | Head Management | Profile | |
| Shahrul Sukaiman | Chief Officer | Profile | |
| Tengku Ismit | Head Legal | Profile |