Piraeus Port Correlations

PPA Stock

EUR 31.25 0.10 0.32%

The current 90-days correlation between Piraeus Port Authority and Sidma SA Steel is -0.22 (i.e., Very good diversification). The correlation of Piraeus Port 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Piraeus Port Correlation With Market

Significant diversification

The correlation between Piraeus Port Authority and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Piraeus Port Authority and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Piraeus Port could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Piraeus Port 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 Piraeus Port - 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 Piraeus Port Authority to buy it.

Moving against Piraeus Stock

0.76	AEGN	Aegean Airlines SA	Pair Corr
0.76	MOH	Motor Oil Corinth	Pair Corr
0.64	ETE	National Bank	Pair Corr
0.57	ATTICA	Attica Holdings SA	Pair Corr
0.5	TPEIR	Piraeus Financial	Pair Corr

Related Correlations Analysis

	HTO	INTET	ASCO	SIDMA	EUROB	ELTON	CPI
HTO		0.34	-0.04	0.19	-0.1	-0.37	0.34	HTO
INTET	0.34		0.78	0.8	0.14	-0.78	0.9	INTET
ASCO	-0.04	0.78		0.7	0.37	-0.57	0.67	ASCO
SIDMA	0.19	0.8	0.7		0.05	-0.66	0.78	SIDMA
EUROB	-0.1	0.14	0.37	0.05		0.15	0.02	EUROB
ELTON	-0.37	-0.78	-0.57	-0.66	0.15		-0.82	ELTON
CPI	0.34	0.9	0.67	0.78	0.02	-0.82		CPI
	HTO	INTET	ASCO	SIDMA	EUROB	ELTON	CPI

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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

CPI	+ 0.9	INTET
SIDMA	+ 0.8	INTET
ASCO	+ 0.78	INTET
CPI	+ 0.78	SIDMA
SIDMA	+ 0.7	ASCO
CPI	+ 0.67	ASCO

High negative correlations

CPI	- 0.82	ELTON
ELTON	- 0.78	INTET
ELTON	- 0.66	SIDMA
ELTON	- 0.57	ASCO
ELTON	- 0.37	HTO
EUROB	- 0.1	HTO

Risk-Adjusted Indicators

There is a big difference between Piraeus Stock performing well and Piraeus Port 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 Piraeus Port'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
HTO	1.06	0.02	(0.04)	0.34	1.68	(0.92)	2.18	(2.60)	6.55
INTET	1.56	(0.30)	0.00	(0.27)	0.00	0.00	4.12	(4.17)	12.49
ASCO	0.83	(0.06)	0.00	10.79	0.00	0.00	2.30	(1.76)	4.86
SIDMA	1.26	(0.01)	0.00	0.14	0.00	0.00	2.67	(2.99)	10.03
EUROB	1.25	0.01	(0.05)	0.17	1.32	(1.52)	2.66	(2.01)	6.09
ELTON	1.19	0.11	0.03	0.38	1.25	(1.58)	2.79	(1.80)	10.26
CPI	1.72	(0.34)	0.00	(1.83)	0.00	0.00	3.70	(3.77)	11.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in Piraeus Port 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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Piraeus Port Corporate Management

Elected by the shareholders, the Piraeus Port's board of directors comprises two types of representatives: Piraeus Port inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Piraeus. The board's role is to monitor Piraeus Port's management team and ensure that shareholders' interests are well served. Piraeus Port'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, Piraeus Port's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ioannis Koukis	Financial Mang	Profile
Weng Lin	Deputy Officer	Profile
Anming Zhang	Acting Director	Profile
Angelos Karakostas	Deputy Officer	Profile
Jin Li	CFO Director	Profile
Zeng Yu	Ex Directors	Profile

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