Royal Mail Correlations

ROYMY Stock

USD 9.37 0.02 0.21%

The current 90-days correlation between Royal Mail PLC and Pitney Bowes is 0.1 (i.e., Average diversification). The correlation of Royal Mail 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.

Royal Mail Correlation With Market

Very good diversification

The correlation between Royal Mail PLC and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Royal Mail PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Royal Pink Sheet

0.75	DPSTF	Deutsche Post AG Downward Rally	Pair Corr
0.82	KHNGF	Kuehne Nagel Interna	Pair Corr
0.76	KHNGY	Kuehne Nagel Interna	Pair Corr
0.72	ZTO	ZTO Express	Pair Corr
0.74	BRK-A	Berkshire Hathaway	Pair Corr
0.76	BYDDY	BYD Co	Pair Corr
0.76	SSUMY	Sumitomo Corp ADR	Pair Corr
0.71	RHHBF	Roche Holding AG	Pair Corr

Moving against Royal Pink Sheet

0.75	PPERY	Bank Mandiri Persero	Pair Corr
0.67	PBCRY	Bank Central Asia	Pair Corr
0.66	PBCRF	PT Bank Central	Pair Corr
0.65	FDX	FedEx	Pair Corr
0.64	PPERF	Bank Mandiri Persero	Pair Corr
0.62	BKRKY	Bank Rakyat	Pair Corr
0.42	UPS	United Parcel Service	Pair Corr
0.38	PTBRY	Bank Negara Indonesia	Pair Corr
0.32	PANL	Pangaea Logistic	Pair Corr
0.79	KB	KB Financial Group	Pair Corr
0.74	SHG	Shinhan Financial	Pair Corr
0.41	NLVVF	New Leaf Ventures	Pair Corr
0.41	BSEG	Big Screen Entertainment	Pair Corr
0.32	KASHF	Intellabridge Technology	Pair Corr
0.69	EPM	Evolution Petroleum	Pair Corr
0.51	ABAT	American Battery Tec	Pair Corr
0.4	NBMFF	Neo Battery Materials	Pair Corr

Related Correlations Analysis

	FDX	UPS	CRGO	ATXG	PBI	DPSTF	DSDVF	FWRD	SFWL	HUBG
FDX		0.65	0.15	-0.6	-0.63	-0.74	0.25	0.78	0.52	0.87	FDX
UPS	0.65		-0.2	-0.6	-0.53	-0.21	0.36	0.37	0.36	0.52	UPS
CRGO	0.15	-0.2		0.3	0.06	-0.48	-0.47	0.6	-0.25	0.3	CRGO
ATXG	-0.6	-0.6	0.3		0.76	0.39	-0.31	-0.36	-0.39	-0.53	ATXG
PBI	-0.63	-0.53	0.06	0.76		0.6	-0.31	-0.58	-0.61	-0.58	PBI
DPSTF	-0.74	-0.21	-0.48	0.39	0.6		0.12	-0.88	-0.39	-0.81	DPSTF
DSDVF	0.25	0.36	-0.47	-0.31	-0.31	0.12		-0.04	0.55	0.13	DSDVF
FWRD	0.78	0.37	0.6	-0.36	-0.58	-0.88	-0.04		0.35	0.88	FWRD
SFWL	0.52	0.36	-0.25	-0.39	-0.61	-0.39	0.55	0.35		0.47	SFWL
HUBG	0.87	0.52	0.3	-0.53	-0.58	-0.81	0.13	0.88	0.47		HUBG
	FDX	UPS	CRGO	ATXG	PBI	DPSTF	DSDVF	FWRD	SFWL	HUBG

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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

HUBG	+ 0.88	FWRD
HUBG	+ 0.87	FDX
FWRD	+ 0.78	FDX
PBI	+ 0.76	ATXG
UPS	+ 0.65	FDX
FWRD	+ 0.6	CRGO

High negative correlations

FWRD	- 0.88	DPSTF
HUBG	- 0.81	DPSTF
DPSTF	- 0.74	FDX
PBI	- 0.63	FDX
SFWL	- 0.61	PBI
ATXG	- 0.6	UPS

Risk-Adjusted Indicators

There is a big difference between Royal Pink Sheet performing well and Royal Mail 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 Royal Mail'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
FDX	1.20	(0.21)	0.00	0.53	0.00	0.00	1.77	(2.51)	9.63
UPS	1.17	(0.07)	0.00	(0.21)	0.00	0.00	1.94	(2.74)	16.58
CRGO	4.80	0.69	0.12	0.47	5.34	(5.89)	11.16	(8.71)	30.74
ATXG	5.28	0.72	0.14	2.21	4.86	(7.40)	12.20	(9.20)	33.95
PBI	2.20	0.30	0.16	(1.69)	2.32	(2.60)	7.62	(3.92)	18.53
DPSTF	1.64	0.44	0.24	0.68	1.28	(2.56)	4.18	(3.14)	10.58
DSDVF	1.82	0.14	0.06	0.04	2.06	(2.06)	4.12	(3.50)	13.32
FWRD	2.63	(0.54)	0.00	(0.54)	0.00	0.00	6.61	(6.28)	21.86
SFWL	1.61	(0.11)	0.00	(0.41)	0.00	0.00	3.13	(3.77)	10.83
HUBG	1.43	(0.38)	0.00	(0.47)	0.00	0.00	2.17	(3.56)	7.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Royal Mail 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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Royal Mail Corporate Management

Mark Amsden	Company Counsel	Profile
CA ACA	Independent Board	Profile
Christian Herrlich	Group Board	Profile
Sally Ashford	Chief Board	Profile
Mel Tomlin	Chief Board	Profile

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