PCC Rokita Correlations

PCR Stock

73.50 0.80 1.10%

The current 90-days correlation between PCC Rokita SA and Creativeforge Games SA is 0.12 (i.e., Average diversification). The correlation of PCC Rokita 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.

PCC Rokita Correlation With Market

Good diversification

The correlation between PCC Rokita SA and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PCC Rokita SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with PCC Stock

0.91	ALE	Allegroeu SA	Pair Corr
0.9	KGH	KGHM Polska Miedz	Pair Corr
0.64	PCO	Pepco Group BV	Pair Corr
0.65	GTC	Globe Trade Centre	Pair Corr

Moving against PCC Stock

0.7	DNP	Dino Polska SA	Pair Corr
0.7	PZU	Powszechny Zaklad	Pair Corr
0.62	CDR	CD PROJEKT SA	Pair Corr
0.59	CEZ	CEZ as	Pair Corr
0.42	LPP	LPP SA	Pair Corr

Related Correlations Analysis

	CFG	LSI	CRM	IGT	GDC	UFG	GRX	ULG
CFG		-0.54	0.71	0.54	0.69	0.66	0.26	0.59	CFG
LSI	-0.54		-0.62	-0.16	-0.63	-0.61	-0.38	-0.48	LSI
CRM	0.71	-0.62		0.53	0.75	0.68	0.6	0.76	CRM
IGT	0.54	-0.16	0.53		0.39	0.5	0.35	0.57	IGT
GDC	0.69	-0.63	0.75	0.39		0.88	0.26	0.73	GDC
UFG	0.66	-0.61	0.68	0.5	0.88		0.29	0.78	UFG
GRX	0.26	-0.38	0.6	0.35	0.26	0.29		0.25	GRX
ULG	0.59	-0.48	0.76	0.57	0.73	0.78	0.25		ULG
	CFG	LSI	CRM	IGT	GDC	UFG	GRX	ULG

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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

UFG	+ 0.88	GDC
ULG	+ 0.78	UFG
ULG	+ 0.76	CRM
GDC	+ 0.75	CRM
ULG	+ 0.73	GDC
CRM	+ 0.71	CFG

High negative correlations

GDC	- 0.63	LSI
CRM	- 0.62	LSI
UFG	- 0.61	LSI
LSI	- 0.54	CFG
ULG	- 0.48	LSI
GRX	- 0.38	LSI

Risk-Adjusted Indicators

There is a big difference between PCC Stock performing well and PCC Rokita 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 PCC Rokita'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
CFG	2.83	(0.23)	0.00	0.47	0.00	0.00	8.45	(8.30)	27.49
LSI	1.64	0.20	0.04	(1.26)	1.49	(3.38)	4.35	(3.11)	12.95
CRM	2.38	(0.15)	0.00	3.27	0.00	0.00	5.00	(5.26)	31.76
IGT	1.91	(0.04)	0.00	(0.19)	0.00	0.00	4.35	(4.00)	12.50
GDC	2.25	(0.99)	0.00	(1.92)	0.00	0.00	3.53	(8.33)	19.27
UFG	1.80	(0.39)	0.00	(0.88)	0.00	0.00	3.33	(5.00)	15.39
GRX	1.91	(0.06)	(0.03)	0.01	2.13	(2.64)	5.20	(3.23)	13.64
ULG	1.59	0.02	(0.04)	0.02	2.16	(2.39)	5.60	(3.30)	19.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in PCC Rokita 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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