PGF Capital Correlations

8117 Stock

2.14 0.04 1.90%

The current 90-days correlation between PGF Capital Bhd and EA Technique M is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PGF Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PGF Capital Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PGF Capital Correlation With Market

Good diversification

The correlation between PGF Capital Bhd and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PGF Capital Bhd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against PGF Stock

0.74	1295	Public Bank Bhd	Pair Corr
0.61	6033	Petronas Gas Bhd	Pair Corr
0.56	5183	Petronas Chemicals	Pair Corr
0.52	3816	MISC Bhd	Pair Corr
0.51	1155	Malayan Banking Bhd	Pair Corr
0.5	5819	Hong Leong Bank	Pair Corr
0.42	5347	Tenaga Nasional Bhd	Pair Corr
0.31	8869	Press Metal Bhd	Pair Corr

Related Correlations Analysis

	5259	7095	0261	0148	7232	6971	0167	0202
5259		-0.24	0.04	0.65	0.17	0.23	0.27	-0.34	5259
7095	-0.24		-0.39	-0.32	0.14	-0.36	-0.54	-0.17	7095
0261	0.04	-0.39		0.22	-0.05	0.25	0.34	0.24	0261
0148	0.65	-0.32	0.22		0.36	0.2	0.19	-0.24	0148
7232	0.17	0.14	-0.05	0.36		-0.56	-0.4	-0.63	7232
6971	0.23	-0.36	0.25	0.2	-0.56		0.81	0.46	6971
0167	0.27	-0.54	0.34	0.19	-0.4	0.81		0.38	0167
0202	-0.34	-0.17	0.24	-0.24	-0.63	0.46	0.38		0202
	5259	7095	0261	0148	7232	6971	0167	0202

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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

0167	+ 0.81	6971
0148	+ 0.65	5259
0202	+ 0.46	6971
0202	+ 0.38	0167
7232	+ 0.36	0148
0167	+ 0.34	0261

High negative correlations

0202	- 0.63	7232
6971	- 0.56	7232
0167	- 0.54	7095
0167	- 0.4	7232
0261	- 0.39	7095
6971	- 0.36	7095

Risk-Adjusted Indicators

There is a big difference between PGF Stock performing well and PGF Capital 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 PGF Capital'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
5259	0.90	0.03	(0.04)	(0.03)	1.27	(3.74)	3.33	(3.23)	9.78
7095	1.43	0.12	0.02	0.43	1.65	(1.75)	2.94	(2.80)	9.39
0261	1.33	(0.02)	0.00	0.63	0.00	0.00	2.78	(2.70)	13.25
0148	0.72	(0.04)	0.00	0.61	0.00	0.00	3.03	(3.03)	6.25
7232	1.42	0.09	(0.01)	0.62	1.45	(2.58)	3.45	(2.94)	9.53
6971	2.66	(0.32)	0.00	(0.33)	0.00	0.00	7.74	(5.17)	15.23
0167	2.32	(0.11)	0.00	(0.10)	0.00	0.00	7.69	(6.45)	16.70
0202	1.50	(0.25)	0.00	(0.11)	0.00	0.00	3.03	(2.94)	13.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in PGF Capital 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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