Cebu Air Correlations

CEBUY Stock  USD 1.85  0.00  0.00%   
The current 90-days correlation between Cebu Air ADR and CDW Corp is -0.02 (i.e., Good diversification). The correlation of Cebu Air 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.

Cebu Air Correlation With Market

Average diversification

The correlation between Cebu Air ADR and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cebu Air ADR and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Cebu Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cebu Air 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 Cebu Air - 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 Cebu Air ADR to buy it.

Moving together with Cebu Pink Sheet

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Moving against Cebu Pink Sheet

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  0.84MUFG Mitsubishi UFJ Financial Sell-off TrendPairCorr
  0.83PRVA Privia Health GroupPairCorr
  0.83UAL United Airlines Holdings Earnings Call This WeekPairCorr
  0.79PLTR Palantir Technologies Aggressive PushPairCorr

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   
CDWPINS
VDKBCOCO
NTSGFPINS
STZNTSGF
NTSGFCDW
STZPINS
  
High negative correlations   
COCOCDW
VDKBCDW
VDKBSTZ
COCOPINS
VDKBPINS
COCONTSGF

Risk-Adjusted Indicators

There is a big difference between Cebu Pink Sheet performing well and Cebu Air 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 Cebu Air'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cebu Air 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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Cebu Air Corporate Management

Andrew HuangChief OfficerProfile
Mark CezarChief OfficerProfile
Felix LopezAdmin DepartmentProfile
Laureen CansanaChief OfficerProfile