Precise Public Correlations

PCC Stock

2.72 0.02 0.74%

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

Precise Public Correlation With Market

Excellent diversification

The correlation between Precise Public and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precise Public and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Precise Stock

0.7	DELTA	Delta Electronics Public	Pair Corr
0.71	TQR	TQR Public	Pair Corr

Moving against Precise Stock

0.76	AMATAR	Amata Summit Growth	Pair Corr
0.7	VCOM	Vintcom Technology PCL	Pair Corr
0.64	AOT	Airports Of Thailand	Pair Corr
0.6	BLA	Bangkok Life Assurance Earnings Call This Week	Pair Corr
0.46	BA	Bangkok Airways Public	Pair Corr
0.39	BAREIT	BA Airport Leasehold	Pair Corr
0.38	RT	Right Tunnelling Public	Pair Corr

Related Correlations Analysis

	TEGH	LOXLEY	NYT	BBIK	UNIQ	III	POLY	Q-CON	SYNTEC
TEGH		-0.7	0.88	-0.2	0.56	-0.73	0.43	0.69	-0.31	TEGH
LOXLEY	-0.7		-0.79	0.64	-0.05	0.88	-0.48	-0.4	0.74	LOXLEY
NYT	0.88	-0.79		-0.36	0.45	-0.78	0.44	0.68	-0.47	NYT
BBIK	-0.2	0.64	-0.36		0.29	0.65	-0.36	0.24	0.84	BBIK
UNIQ	0.56	-0.05	0.45	0.29		-0.17	0.12	0.52	0.36	UNIQ
III	-0.73	0.88	-0.78	0.65	-0.17		-0.48	-0.26	0.72	III
POLY	0.43	-0.48	0.44	-0.36	0.12	-0.48		0.25	-0.34	POLY
Q-CON	0.69	-0.4	0.68	0.24	0.52	-0.26	0.25		0.07	Q-CON
SYNTEC	-0.31	0.74	-0.47	0.84	0.36	0.72	-0.34	0.07		SYNTEC
	TEGH	LOXLEY	NYT	BBIK	UNIQ	III	POLY	Q-CON	SYNTEC

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

NYT	+ 0.88	TEGH
III	+ 0.88	LOXLEY
SYNTEC	+ 0.84	BBIK
SYNTEC	+ 0.74	LOXLEY
SYNTEC	+ 0.72	III
Q-CON	+ 0.69	TEGH

High negative correlations

NYT	- 0.79	LOXLEY
III	- 0.78	NYT
III	- 0.73	TEGH
LOXLEY	- 0.7	TEGH
POLY	- 0.48	III
POLY	- 0.48	LOXLEY

Risk-Adjusted Indicators

There is a big difference between Precise Stock performing well and Precise Public 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 Precise Public'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
TEGH	0.74	0.13	0.03	(0.62)	1.02	(1.03)	1.41	(1.39)	5.45
LOXLEY	1.31	(0.21)	0.00	(0.76)	0.00	0.00	2.44	(3.15)	10.69
NYT	0.55	0.21	0.14	5.14	0.28	(0.85)	1.38	(0.70)	3.43
BBIK	1.87	0.00	0.00	0.06	0.00	0.00	3.70	(3.95)	10.20
UNIQ	0.88	0.06	0.01	0.66	0.88	(1.47)	2.16	(2.10)	7.81
III	0.77	(0.10)	0.00	0.97	0.00	0.00	2.50	(1.80)	5.74
POLY	1.06	0.08	0.01	(14.73)	1.34	(1.39)	2.90	(2.82)	7.12
Q-CON	0.71	0.10	0.04	1.56	0.64	(1.09)	1.56	(1.53)	3.87
SYNTEC	0.75	(0.04)	0.00	(0.64)	0.00	0.00	1.86	(1.23)	5.40

Precise Public 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 Precise Public stock to make a market-neutral strategy. Peer analysis of Precise Public could also be used in its relative valuation, which is a method of valuing Precise Public by comparing valuation metrics with similar companies.

Thai Eastern Group Loxley Public Namyong Terminal PCL Bluebik Group PCL Unique Engineering and Triple i Logistics Polynet PCL Quality Construction Products Syntec Construction Public American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

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