Porsche Automobil Correlations
| POAHF Stock | USD 40.00 0.40 0.99% |
The correlation of Porsche Automobil 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.
Porsche Automobil Correlation With Market
Modest diversification
The correlation between Porsche Automobil Holding and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Porsche Automobil Holding and DJI in the same portfolio, assuming nothing else is changed.
Porsche |
The ability to find closely correlated positions to Porsche Automobil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Porsche Automobil 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 Porsche Automobil - 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 Porsche Automobil Holding to buy it.
Moving together with Porsche Pink Sheet
| 0.61 | BYDDY | BYD Co | PairCorr |
| 0.91 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.87 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.87 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.82 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.78 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.77 | VLKAF | Volkswagen AG | PairCorr |
| 0.69 | PKX | POSCO Holdings | PairCorr |
| 0.66 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.66 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.66 | NHNCF | NAVER Corp | PairCorr |
| 0.73 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.69 | SKFOF | Sika AG | PairCorr |
| 0.62 | RYN | Rayonier | PairCorr |
| 0.67 | SUNFF | Sun Life Financial | PairCorr |
Moving against Porsche Pink Sheet
| 0.55 | KB | KB Financial Group | PairCorr |
| 0.46 | HYMTF | Hyundai Motor | PairCorr |
| 0.42 | ISPOW | Thayer Ventures Acqu | 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
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Risk-Adjusted Indicators
There is a big difference between Porsche Pink Sheet performing well and Porsche Automobil 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 Porsche Automobil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VWAPY | 1.42 | 0.28 | 0.14 | 0.71 | 1.68 | 3.37 | 9.34 | |||
| VWAGY | 1.59 | 0.28 | 0.14 | 0.61 | 1.69 | 3.33 | 10.00 | |||
| RACE | 1.40 | (0.02) | 0.00 | (0.03) | 0.00 | 2.73 | 11.93 | |||
| BMWYY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MBGAF | 1.50 | 0.17 | 0.10 | 0.63 | 1.64 | 3.03 | 7.44 | |||
| MBGYY | 1.36 | 0.18 | 0.10 | 0.48 | 1.50 | 3.02 | 8.39 | |||
| NSANY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| POAHY | 1.29 | 0.13 | 0.07 | 0.81 | 1.56 | 2.97 | 7.98 | |||
| VLKAF | 1.63 | 0.29 | 0.15 | 0.50 | 1.61 | 4.41 | 8.86 | |||
| BYMOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Porsche Automobil Corporate Management
| Hans MSc | Chairman Management | Profile | |
| Lutz Meschke | Investment Management | Profile | |
| Wolfgang Leimgruber | Head Production | Profile | |
| Jens Brucker | Head Martorell | Profile | |
| Albrecht Bamler | Head Communications | Profile | |
| George Wills | Pres CEO | Profile | |
| Manfred Doss | Legal Management | Profile |