Planet Image Correlations

YIBO Stock

1.67 0.21 11.17%

The current 90-days correlation between Planet Image Interna and GMxico Transportes SAB is -0.05 (i.e., Good 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

Good diversification

The correlation between Planet Image International and DJI is -0.02 (i.e., Good 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

0.74	BV	BrightView Holdings	Pair Corr
0.65	BW	Babcock Wilcox Enter	Pair Corr
0.68	GD	General Dynamics	Pair Corr
0.71	NL	NL Industries Earnings Call This Week	Pair Corr

Moving against Planet Stock

0.79	LTBR	Lightbridge Corp	Pair Corr
0.76	EH	Ehang Holdings	Pair Corr
0.6	BZ	Kanzhun Ltd ADR	Pair Corr
0.58	INOD	Innodata	Pair Corr
0.54	DE	Deere Company	Pair Corr
0.51	BA	Boeing	Pair Corr
0.43	CP	Canadian Pacific Railway	Pair Corr
0.73	VACH	Voyager Acquisition Corp	Pair Corr
0.71	DMYY	dMY Squared Technology	Pair Corr
0.69	GE	GE Aerospace Sell-off Trend	Pair Corr
0.63	MG	Mistras Group Earnings Call This Week	Pair Corr
0.59	LZ	LegalZoom Upward Rally	Pair Corr
0.59	PL	Planet Labs PBC	Pair Corr
0.47	WM	Waste Management	Pair Corr
0.38	TG	Tredegar	Pair Corr
0.34	RR	Richtech Robotics Class	Pair Corr

Related Correlations Analysis

	GMXTF	CDW	ASO	ARHS	CPNG	VRRM	SE	CVS
GMXTF		-0.54	0.16	-0.4	0.09	-0.47	-0.1	-0.25	GMXTF
CDW	-0.54		-0.07	0.88	0.07	0.87	0.58	0.48	CDW
ASO	0.16	-0.07		-0.16	-0.65	0.14	-0.32	-0.65	ASO
ARHS	-0.4	0.88	-0.16		0.24	0.85	0.73	0.65	ARHS
CPNG	0.09	0.07	-0.65	0.24		0.04	0.65	0.75	CPNG
VRRM	-0.47	0.87	0.14	0.85	0.04		0.64	0.48	VRRM
SE	-0.1	0.58	-0.32	0.73	0.65	0.64		0.79	SE
CVS	-0.25	0.48	-0.65	0.65	0.75	0.48	0.79		CVS
	GMXTF	CDW	ASO	ARHS	CPNG	VRRM	SE	CVS

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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

ARHS	+ 0.88	CDW
VRRM	+ 0.87	CDW
VRRM	+ 0.85	ARHS
CVS	+ 0.79	SE
CVS	+ 0.75	CPNG
SE	+ 0.73	ARHS

High negative correlations

CVS	- 0.65	ASO
CPNG	- 0.65	ASO
CDW	- 0.54	GMXTF
VRRM	- 0.47	GMXTF
ARHS	- 0.4	GMXTF
SE	- 0.32	ASO

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
GMXTF	0.28	0.06	0.00	(2.17)	0.00	0.00	1.26	0.00	7.00
CDW	1.15	0.07	0.04	0.08	1.61	(1.07)	2.67	(2.92)	7.33
ASO	1.78	0.17	0.08	0.28	1.97	(1.90)	4.76	(3.55)	11.56
ARHS	3.01	0.33	0.08	0.63	3.67	(3.09)	6.22	(6.37)	22.24
CPNG	1.28	0.06	0.04	0.08	1.61	(1.30)	2.61	(2.07)	7.67
VRRM	0.85	0.18	0.18	0.26	0.82	(0.94)	1.94	(1.27)	4.69
SE	1.60	0.21	0.12	0.49	1.67	(1.77)	3.54	(2.83)	8.79
CVS	1.94	0.27	0.11	0.20	2.16	(2.19)	4.36	(4.21)	17.42

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