Penta Ocean Correlations

Stocks . Germany . 
Stock . Penta Ocean Construction Co
PO6 Stock  EUR 4.40  0.02  0.45%   
The current 90-days correlation between Penta Ocean Construc and SLR Investment Corp is 0.17 (i.e., Average diversification). The correlation of Penta Ocean 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.

Penta Ocean Correlation With Market

Significant diversification

The correlation between Penta Ocean Construction Co and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Penta Ocean Construction Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Penta Ocean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penta Ocean 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 Penta Ocean - 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 Penta Ocean Construction Co to buy it.

Moving together with Penta Stock

  0.67TNU3 Getlink SEPairCorr
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  0.74IVSB INVESTOR -B-PairCorr
  0.87T1D TRADEDOUBLERPairCorr
  0.64HCW WelltowerPairCorr
  0.84PEH PEH WERTPAPIERPairCorr
  0.7NEW Netcall PLCPairCorr
  0.85RHM Rheinmetall AGPairCorr
  0.78EBO Erste Group BankPairCorr
  0.666BW BW ENERGY LTDPairCorr
  0.83SNK Sankyu IncPairCorr
  0.81ADV Adtran Networks SEPairCorr
  0.85QCG CALTAGIRONE SPA EOPairCorr
  0.85RAW Raiffeisen Bank IntePairCorr
  0.75SLW1 Swiss Life HoldingPairCorr
  0.87WAC Wacker Neuson SEPairCorr
  0.63AG9 ACTIA GROUP SAPairCorr
  0.83DUBA DRDGoldPairCorr
  0.9KONN Komercn banka asPairCorr
  0.77QSU SCSK CorpPairCorr
  0.76B4B3 Metro AGPairCorr
  0.72GOC Star DiamondPairCorr

Moving against Penta Stock

  0.8LIE Sun Life FinancialPairCorr
  0.77EOB Arcosa IncPairCorr
  0.7174G DIVIDEND GROWTH SPLITPairCorr
  0.64KWE1 Ring EnergyPairCorr
  0.64ADC AdCapital AGPairCorr
  0.61TU9 Transurban GroupPairCorr
  0.435TI TINC Comm VAPairCorr

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   
CP2
+ 1.0
CUG
ZSL
+ 0.65
12P
ZSL
+ 0.51
KEC
KEC
+ 0.17
12P
CUG
+ 0.0
12P
CP2
+ 0.0
12P
  
High negative correlations   
ZSL
- 0.33
8N4
8N4
- 0.27
KEC
8N4
- 0.01
12P
ZSL
- 0.0
CP2
8N4
- 0.0
CP2
KEC
- 0.0
CP2

Risk-Adjusted Indicators

There is a big difference between Penta Stock performing well and Penta Ocean 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 Penta Ocean'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Penta Ocean 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.

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Penta Ocean Corporate Management

Elected by the shareholders, the Penta Ocean's board of directors comprises two types of representatives: Penta Ocean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Penta. The board's role is to monitor Penta Ocean's management team and ensure that shareholders' interests are well served. Penta Ocean'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, Penta Ocean's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kazushi YamashitaEx OfficeProfile
Tetsushi NoguchiSr DirectorProfile
Ryoji TaharaSr OfficerProfile
Toyomitsu FujiwaraManaging OfficerProfile
Sho MatsuyamaManaging BranchProfile
Sumio YamashitaSr OfficerProfile
Kazuya UedaEx DirectorProfile
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