Plan Optik Correlations

P4O Stock

EUR 4.82 0.02 0.42%

The correlation of Plan Optik 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.

Plan Optik Correlation With Market

Poor diversification

The correlation between Plan Optik AG and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plan Optik AG and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Plan Stock

0.71	6GAA	Grupo Aval Acciones	Pair Corr
0.89	LFL0	LATAM Airlines Group	Pair Corr
0.87	BSA	Banco Santander Chile	Pair Corr
0.85	G4RA	Banco de Chile	Pair Corr
0.9	43C	CACTUS INC CLA	Pair Corr
0.75	ALV	Allianz SE	Pair Corr
0.84	SVKB	SANDVIK	Pair Corr
0.79	ELG	Elmos Semiconductor	Pair Corr
0.81	PYCP	Minera Alamos Split	Pair Corr
0.74	DG1	DAWSON GEOPHYSICAL	Pair Corr
0.89	G40	GDS Holdings Limited	Pair Corr
0.62	CVC1	Carnival plc	Pair Corr
0.84	PAE	PACCAR	Pair Corr
0.71	GPT	Genuine Parts Earnings Call This Week	Pair Corr
0.72	TWZ	Trican Well Service Earnings Call This Week	Pair Corr
0.9	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.64	3YC	STV GROUP PLC	Pair Corr
0.95	SKNB	Skanska AB	Pair Corr
0.79	3RB	RECKITT BENCK GRP	Pair Corr
0.67	6VD	BD MULTI MEDIA Split	Pair Corr
0.93	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.63	1KT	Keysight Technologies	Pair Corr
0.82	1SZ0	Santacruz Silver Mining Split	Pair Corr
0.87	TQI	TELECOM ITALIA	Pair Corr

Moving against Plan Stock

0.6	3HB	Hybrigenics Societe	Pair Corr
0.32	EFF	DTEFFWECHSEL BET Split	Pair Corr
0.78	DBPD	Xtrackers ShortDAX	Pair Corr
0.58	KMY	Kimberly Clark	Pair Corr
0.52	777	EUROSPORTS GLOBAL LTD	Pair Corr
0.34	8LU	TAURUS ENERGY AB	Pair Corr

Related Correlations Analysis

	U1P	2I7	U1P	55L	PX0	JMI	FTD	RSX	2QG
U1P		-1.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	U1P
2I7	-1.0		-1.0	0.0	0.0	0.0	0.0	0.0	0.0	2I7
U1P	1.0	-1.0		0.0	0.0	0.0	0.0	0.0	0.0	U1P
55L	0.0	0.0	0.0		-0.1	-0.15	-0.18	-0.14	0.0	55L
PX0	0.0	0.0	0.0	-0.1		0.55	0.44	0.24	0.0	PX0
JMI	0.0	0.0	0.0	-0.15	0.55		0.68	0.17	0.0	JMI
FTD	0.0	0.0	0.0	-0.18	0.44	0.68		0.08	0.0	FTD
RSX	0.0	0.0	0.0	-0.14	0.24	0.17	0.08		0.0	RSX
2QG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		2QG
	U1P	2I7	U1P	55L	PX0	JMI	FTD	RSX	2QG

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

U1P	+ 1.0	U1P
FTD	+ 0.68	JMI
JMI	+ 0.55	PX0
FTD	+ 0.44	PX0
RSX	+ 0.24	PX0
RSX	+ 0.17	JMI

High negative correlations

U1P	- 1.0	2I7
2I7	- 1.0	U1P
FTD	- 0.18	55L
JMI	- 0.15	55L
RSX	- 0.14	55L
PX0	- 0.1	55L

Risk-Adjusted Indicators

There is a big difference between Plan Stock performing well and Plan Optik 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 Plan Optik'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
U1P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
2I7	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
U1P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
55L	82.74	43.47	0.81	(0.55)	21.74	(236.24)	60.00	(44.44)	2,195
PX0	9.33	1.40	0.10	(1,000)	10.16	(14.25)	13.33	(14.29)	140.63
JMI	2.96	0.81	0.18	(33.49)	3.46	(3.53)	5.92	(6.38)	20.28
FTD	1.26	0.18	0.09	0.62	1.33	(1.56)	2.89	(2.35)	10.97
RSX	143.86	69.44	0.00	3.88	0.00	0.00	1,200	(92.31)	1,292
2QG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Plan Optik 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.

Did you try this?

Run Financial Widgets Now

Financial Widgets

Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC