Premier African Correlations

PRMMF Stock

0.0003 0.0006 66.67%

The current 90-days correlation between Premier African Minerals and BorgWarner is 0.11 (i.e., Average diversification). The correlation of Premier African 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.

Premier African Correlation With Market

Average diversification

The correlation between Premier African Minerals and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Premier African Minerals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Premier Pink Sheet

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0.67	GOOG	Alphabet Class C Aggressive Push	Pair Corr

Moving against Premier Pink Sheet

0.7	WM	Waste Management	Pair Corr
0.64	BRK-A	Berkshire Hathaway	Pair Corr
0.64	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.58	GLU	Gabelli Global Utility	Pair Corr
0.54	HROWM	Harrow Health, 11875	Pair Corr
0.5	ISMAY	Indra Sistemas SA	Pair Corr
0.47	MENEF	Mene Inc	Pair Corr
0.44	GTN	Gray Television	Pair Corr
0.42	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.35	BMYMP	Bristol Myers Squibb	Pair Corr

Related Correlations Analysis

	BWA	CAOHF	AMKR	FKWL	IPGP	CARS	MGA
BWA		0.0	0.89	-0.73	0.88	0.78	0.89	BWA
CAOHF	0.0		0.0	0.0	0.0	0.0	0.0	CAOHF
AMKR	0.89	0.0		-0.75	0.9	0.87	0.86	AMKR
FKWL	-0.73	0.0	-0.75		-0.87	-0.59	-0.74	FKWL
IPGP	0.88	0.0	0.9	-0.87		0.72	0.84	IPGP
CARS	0.78	0.0	0.87	-0.59	0.72		0.75	CARS
MGA	0.89	0.0	0.86	-0.74	0.84	0.75		MGA
	BWA	CAOHF	AMKR	FKWL	IPGP	CARS	MGA

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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

IPGP	+ 0.9	AMKR
AMKR	+ 0.89	BWA
MGA	+ 0.89	BWA
IPGP	+ 0.88	BWA
CARS	+ 0.87	AMKR
MGA	+ 0.86	AMKR

High negative correlations

IPGP	- 0.87	FKWL
FKWL	- 0.75	AMKR
MGA	- 0.74	FKWL
FKWL	- 0.73	BWA
CARS	- 0.59	FKWL
MGA	- 0.0	CAOHF

Risk-Adjusted Indicators

There is a big difference between Premier Pink Sheet performing well and Premier African 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 Premier African'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
BWA	1.44	(0.13)	0.00	(0.20)	0.00	0.00	2.61	(2.85)	6.54
CAOHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMKR	1.83	(0.40)	0.00	(0.44)	0.00	0.00	3.14	(4.41)	15.35
FKWL	2.53	0.63	0.21	0.61	2.35	(3.25)	6.59	(4.53)	17.61
IPGP	1.87	(0.16)	0.00	(0.19)	0.00	0.00	4.47	(4.31)	9.93
CARS	2.39	(0.49)	0.00	(0.28)	0.00	0.00	4.60	(4.19)	25.98
MGA	1.56	(0.17)	0.00	(0.20)	0.00	0.00	2.59	(3.66)	11.48

Premier African Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Premier African pink sheet to make a market-neutral strategy. Peer analysis of Premier African could also be used in its relative valuation, which is a method of valuing Premier African by comparing valuation metrics with similar companies.

BorgWarner FDG Electric Vehicles Amkor Technology Franklin Wireless Corp IPG Photonics Cars Inc Magna International American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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