Planet Image Correlations

YIBO Stock

1.35 0.02 1.46%

The current 90-days correlation between Planet Image Interna and Rocky Brands is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Planet Image moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Image International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Planet Image Correlation With Market

Average diversification

The correlation between Planet Image International and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Planet Image International and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Planet Image International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Planet Stock

0.8	KBR	KBR Inc	Pair Corr
0.81	MATW	Matthews International	Pair Corr
0.85	CLVT	CLARIVATE PLC	Pair Corr
0.82	J	Jacobs Solutions	Pair Corr
0.91	BV	BrightView Holdings	Pair Corr
0.85	BW	Babcock Wilcox Enter	Pair Corr
0.7	CW	Curtiss Wright	Pair Corr
0.68	FA	First Advantage Corp	Pair Corr
0.7	FC	Franklin Covey	Pair Corr
0.81	IR	Ingersoll Rand	Pair Corr
0.74	KE	Kimball Electronics	Pair Corr
0.78	OP	Oceanpal	Pair Corr
0.7	TE	T1 Energy Symbol Change	Pair Corr

Moving against Planet Stock

0.82	EH	Ehang Holdings	Pair Corr
0.8	BZ	Kanzhun Ltd ADR	Pair Corr
0.63	DE	Deere Company	Pair Corr
0.84	VACH	Voyager Acquisition Corp	Pair Corr
0.83	WM	Waste Management	Pair Corr
0.8	PC	Premium Catering	Pair Corr
0.8	DMYY	dMY Squared Technology	Pair Corr
0.77	SB	Safe Bulkers	Pair Corr
0.76	LZ	LegalZoom	Pair Corr
0.67	GE	GE Aerospace	Pair Corr
0.61	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	COLM	ALK	AL	ASR	DINO	LE	RCKY	GIL
COLM		0.51	0.21	-0.23	0.2	0.47	0.47	0.56	COLM
ALK	0.51		0.09	0.03	0.68	0.25	0.72	0.78	ALK
AL	0.21	0.09		0.29	0.23	0.2	0.12	-0.03	AL
ASR	-0.23	0.03	0.29		0.35	-0.39	0.05	0.2	ASR
DINO	0.2	0.68	0.23	0.35		0.28	0.78	0.49	DINO
LE	0.47	0.25	0.2	-0.39	0.28		0.65	-0.1	LE
RCKY	0.47	0.72	0.12	0.05	0.78	0.65		0.43	RCKY
GIL	0.56	0.78	-0.03	0.2	0.49	-0.1	0.43		GIL
	COLM	ALK	AL	ASR	DINO	LE	RCKY	GIL

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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

GIL	+ 0.78	ALK
RCKY	+ 0.78	DINO
RCKY	+ 0.72	ALK
DINO	+ 0.68	ALK
RCKY	+ 0.65	LE
GIL	+ 0.56	COLM

High negative correlations

LE	- 0.39	ASR
ASR	- 0.23	COLM
GIL	- 0.1	LE
GIL	- 0.03	AL

Risk-Adjusted Indicators

There is a big difference between Planet Stock performing well and Planet Image 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 Planet Image'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
COLM	1.41	(0.20)	0.00	(4.61)	0.00	0.00	2.41	(3.37)	10.58
ALK	2.07	(0.21)	0.00	(1.25)	0.00	0.00	3.40	(6.18)	12.94
AL	1.52	0.01	0.01	0.01	2.15	(1.59)	3.36	(4.14)	12.57
ASR	1.60	0.08	0.04	0.07	1.88	(1.69)	2.92	(3.29)	13.79
DINO	1.82	(0.07)	0.00	(0.07)	0.00	0.00	3.90	(4.00)	12.94
LE	2.34	(0.35)	0.00	(0.20)	0.00	0.00	3.81	(3.64)	24.25
RCKY	1.99	(0.37)	0.00	(0.22)	0.00	0.00	2.65	(4.80)	16.71
GIL	1.16	(0.11)	0.00	(0.13)	0.00	0.00	2.54	(2.56)	8.64

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