Pegasus Tel Correlations
| PTEL Stock | USD 0 0.0001 7.69% |
The current 90-days correlation between Pegasus Tel and COMSovereign Holding Corp is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pegasus Tel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pegasus Tel moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pegasus Tel Correlation With Market
Significant diversification
The correlation between Pegasus Tel 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 Pegasus Tel and DJI in the same portfolio, assuming nothing else is changed.
Pegasus |
The ability to find closely correlated positions to Pegasus Tel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pegasus Tel 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 Pegasus Tel - 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 Pegasus Tel to buy it.
Moving together with Pegasus Pink Sheet
| 0.64 | EC | Ecopetrol SA ADR | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.63 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Pegasus Pink Sheet
| 0.68 | CMCSA | Comcast Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | PTAIF | PT Astra International | PairCorr |
| 0.57 | SSNLF | Samsung Electronics | PairCorr |
| 0.52 | DTEGF | Deutsche Telekom | PairCorr |
| 0.48 | T | ATT Inc Aggressive Push | PairCorr |
| 0.38 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.36 | BLND | Blend Labs | PairCorr |
| 0.6 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.58 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.55 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.54 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.52 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.51 | INTC | Intel Downward Rally | PairCorr |
| 0.49 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.48 | DIS | Walt Disney | PairCorr |
| 0.46 | HD | Home Depot | PairCorr |
| 0.44 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.44 | WMT | Walmart Aggressive Push | PairCorr |
| 0.42 | MNDY | MondayCom | PairCorr |
| 0.4 | MCK | McKesson | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pegasus Pink Sheet performing well and Pegasus Tel 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 Pegasus Tel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASGXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCPPF | 0.09 | 0.03 | 0.00 | 0.76 | 0.00 | 0.00 | 2.90 | |||
| AXLX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALVRQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVIFY | 2.56 | 0.39 | 0.05 | (1.24) | 2.73 | 9.48 | 20.20 | |||
| KKPNY | 0.88 | 0.25 | 0.08 | (1.25) | 0.98 | 2.62 | 6.64 | |||
| SCMWY | 0.85 | (0.15) | 0.00 | 3.63 | 0.00 | 1.60 | 6.22 | |||
| HLTOY | 1.37 | (0.06) | 0.00 | 0.52 | 0.00 | 2.92 | 9.34 | |||
| KTEL | 4.58 | (1.07) | 0.00 | 3.30 | 0.00 | 8.57 | 51.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pegasus Tel 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.Did you try this?
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