Permanent TSB Correlations
| ILPMFDelisted Stock | USD 1.50 0.00 0.00% |
The current 90-days correlation between Permanent TSB Group and Minerals Technologies is 0.07 (i.e., Significant diversification). The correlation of Permanent TSB 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.
Permanent TSB Correlation With Market
Modest diversification
The correlation between Permanent TSB Group and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Permanent TSB Group and DJI in the same portfolio, assuming nothing else is changed.
Permanent |
The ability to find closely correlated positions to Permanent TSB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Permanent TSB 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 Permanent TSB - 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 Permanent TSB Group to buy it.
Moving against Permanent Pink Sheet
| 0.55 | USB-PH | US Bancorp | PairCorr |
| 0.71 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.7 | ZM | Zoom Video Communications Earnings Call Tomorrow | PairCorr |
| 0.68 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.67 | GM | General Motors Aggressive Push | PairCorr |
| 0.62 | ADSK | Autodesk | PairCorr |
| 0.54 | DECK | Deckers Outdoor | PairCorr |
| 0.54 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.53 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.5 | NVDA | NVIDIA | PairCorr |
| 0.39 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.32 | APLD | Applied Blockchain Trending | PairCorr |
Related Correlations Analysis
| 0.68 | 0.73 | 0.7 | 0.33 | 0.61 | 0.66 | GFF | ||
| 0.68 | 0.98 | 0.86 | 0.18 | 0.83 | 0.94 | EME | ||
| 0.73 | 0.98 | 0.88 | 0.18 | 0.88 | 0.96 | PH | ||
| 0.7 | 0.86 | 0.88 | 0.11 | 0.88 | 0.84 | GMS | ||
| 0.33 | 0.18 | 0.18 | 0.11 | 0.03 | 0.05 | WRN | ||
| 0.61 | 0.83 | 0.88 | 0.88 | 0.03 | 0.91 | MTX | ||
| 0.66 | 0.94 | 0.96 | 0.84 | 0.05 | 0.91 | CEIX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Permanent Pink Sheet performing well and Permanent TSB 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 Permanent TSB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GFF | 1.76 | 0.21 | 0.15 | 0.25 | 1.70 | 3.91 | 22.83 | |||
| EME | 1.43 | 0.30 | 0.15 | 0.32 | 1.88 | 3.31 | 11.32 | |||
| PH | 0.93 | 0.11 | 0.15 | 0.19 | 0.82 | 2.18 | 11.35 | |||
| GMS | 1.43 | (0.03) | 0.01 | 0.10 | 1.89 | 3.02 | 9.77 | |||
| WRN | 1.95 | 0.03 | (0.04) | (0.01) | 2.76 | 3.51 | 20.61 | |||
| MTX | 1.31 | (0.06) | 0.04 | 0.09 | 1.30 | 2.94 | 11.90 | |||
| CEIX | 1.80 | 0.32 | 0.26 | 0.27 | 1.40 | 5.15 | 14.10 |
Permanent TSB Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Permanent TSB pink sheet to make a market-neutral strategy. Peer analysis of Permanent TSB could also be used in its relative valuation, which is a method of valuing Permanent TSB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Permanent TSB Corporate Management
| Claire Heeley | Head Audit | Profile | |
| Peter Vance | Chief Officer | Profile | |
| Nicola OBrien | Head CFO | Profile | |
| Leontia Fannin | Head Communications | Profile |
Still Interested in Permanent TSB Group?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.