Polished Correlations
| POLDelisted Stock | USD 0.54 0.01 1.89% |
The current 90-days correlation between Polished and SIGNA Sports United is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Polished moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Polished moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Polished Correlation With Market
Average diversification
The correlation between Polished and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polished and DJI in the same portfolio, assuming nothing else is changed.
Polished |
Moving against Polished Stock
| 0.46 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.44 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.35 | MSFT | Microsoft | PairCorr |
| 0.33 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.32 | MRK | Merck Company Fiscal Year End 6th of February 2025 | 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
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Risk-Adjusted Indicators
There is a big difference between Polished Stock performing well and Polished 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 Polished'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FRG | 0.56 | 0.08 | 0.14 | 0.96 | 0.55 | 1.76 | 5.13 | |||
| SSU | 3.59 | (0.19) | 0.00 | 7.26 | 0.00 | 8.25 | 25.89 | |||
| SBH | 1.88 | (0.23) | 0.00 | 0.67 | 0.00 | 4.50 | 17.73 | |||
| EYE | 2.09 | 0.06 | 0.03 | 0.09 | 2.24 | 4.90 | 11.05 | |||
| BGFV | 3.56 | (0.01) | 0.00 | 0.00 | 5.83 | 4.82 | 52.38 | |||
| CONN | 7.71 | (5.13) | 0.00 | (27.79) | 0.00 | 10.49 | 62.98 | |||
| JOAN | 4.16 | (0.53) | 0.00 | 1.54 | 0.00 | 8.42 | 44.17 | |||
| WOOF | 3.94 | (0.37) | 0.00 | (0.97) | 0.00 | 7.96 | 25.95 | |||
| FIVE | 2.54 | 0.23 | 0.07 | 1.05 | 2.97 | 5.40 | 16.08 | |||
| SPWH | 3.67 | (0.30) | 0.00 | (8.52) | 0.00 | 9.09 | 25.49 |
View Polished Related Equities
| Risk & Return | Correlation |
Still Interested in Polished?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.