Persimmon Plc Correlations

PSMMY Stock

USD 31.93 0.34 1.08%

The current 90-days correlation between Persimmon Plc and Taylor Wimpey plc is 0.19 (i.e., Average diversification). The correlation of Persimmon Plc 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.

Persimmon Plc Correlation With Market

Significant diversification

The correlation between Persimmon Plc 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 Persimmon Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Persimmon Pink Sheet

0.88	DHI	DR Horton	Pair Corr
0.75	LEN	Lennar Fiscal Year End 12th of December 2024	Pair Corr
0.64	LEN-B	Lennar	Pair Corr
0.83	SKHSY	Sekisui House Earnings Call This Week	Pair Corr
0.76	SKHSF	Sekisui House Earnings Call This Week	Pair Corr
0.65	MTH	Meritage	Pair Corr

Moving against Persimmon Pink Sheet

0.92	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.9	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.85	NTNX	Nutanix	Pair Corr
0.81	STR	Sitio Royalties Corp	Pair Corr
0.68	FDS	FactSet Research Systems	Pair Corr
0.59	MSB	Mesabi Trust	Pair Corr
0.53	DDD	3D Systems	Pair Corr
0.44	TOL	Toll Brothers Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TWODF	RDWWF	BTDPY	BTDPF	CNRFF	TWODY	CYRBY	PSMMF
TWODF		0.0	0.91	0.71	-0.05	0.95	0.57	0.84	TWODF
RDWWF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RDWWF
BTDPY	0.91	0.0		0.83	0.17	0.93	0.51	0.77	BTDPY
BTDPF	0.71	0.0	0.83		0.33	0.68	0.41	0.47	BTDPF
CNRFF	-0.05	0.0	0.17	0.33		-0.01	0.04	0.09	CNRFF
TWODY	0.95	0.0	0.93	0.68	-0.01		0.55	0.85	TWODY
CYRBY	0.57	0.0	0.51	0.41	0.04	0.55		0.59	CYRBY
PSMMF	0.84	0.0	0.77	0.47	0.09	0.85	0.59		PSMMF
	TWODF	RDWWF	BTDPY	BTDPF	CNRFF	TWODY	CYRBY	PSMMF

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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

TWODY	+ 0.95	TWODF
TWODY	+ 0.93	BTDPY
BTDPY	+ 0.91	TWODF
PSMMF	+ 0.85	TWODY
PSMMF	+ 0.84	TWODF
BTDPF	+ 0.83	BTDPY

High negative correlations

CNRFF	- 0.05	TWODF
TWODY	- 0.01	CNRFF
PSMMF	- 0.0	RDWWF
CYRBY	- 0.0	RDWWF
TWODY	- 0.0	RDWWF
CNRFF	- 0.0	RDWWF

Risk-Adjusted Indicators

There is a big difference between Persimmon Pink Sheet performing well and Persimmon Plc 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 Persimmon Plc'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TWODF	2.90	(0.29)	0.83	6.45	(8.28)	18.46
RDWWF	0.00	0.00	0.00	0.00	0.00	0.00
BTDPY	1.45	(0.27)	(1.19)	3.01	(3.80)	8.42
BTDPF	0.36	(0.20)	5.13	0.00	(1.46)	5.82
CNRFF	3.44	0.03	0.10	0.00	(15.38)	76.70
TWODY	1.58	(0.38)	(0.66)	2.87	(3.44)	13.22
CYRBY	2.09	(0.45)	(2.48)	4.26	(7.04)	12.89
PSMMF	1.16	(0.42)	0.95	0.00	(2.32)	25.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in Persimmon Plc 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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Persimmon Plc Corporate Management

Jason Windsor	Chief Officer	Profile
Peter Jordan	Group Director	Profile
Duncan Davidson	Founder Pres	Profile
Martyn Clark	Chief Officer	Profile
Paul Hurst	UK Director	Profile
ACA BSc	Group Director	Profile
Tracy Davison	Company Secretary	Profile

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