PCC Rokita Correlations

PCR Stock

71.40 0.20 0.28%

The current 90-days correlation between PCC Rokita SA and Echo Investment SA is 0.3 (i.e., Weak 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

Very weak diversification

The correlation between PCC Rokita SA and DJI is 0.5 (i.e., Very weak 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

0.8	DVL	Develia SA	Pair Corr
0.8	ECH	Echo Investment SA	Pair Corr
0.61	QNT	Quantum Software	Pair Corr
0.79	NWG	Newag SA	Pair Corr
0.64	ZUE	ZUE SA	Pair Corr
0.85	AGL	Agroliga Group PLC	Pair Corr
0.79	SNT	Synektik SA	Pair Corr
0.68	OPL	OrangePL	Pair Corr
0.82	CAR	Inter Cars SA	Pair Corr
0.86	EUC	Europejskie Centrum	Pair Corr
0.88	TEN	TEN SQUARE GAMES	Pair Corr
0.79	NTT	NTT System SA	Pair Corr
0.62	SPL	Santander Bank Polska	Pair Corr
0.83	ERB	Erbud SA	Pair Corr
0.79	BHW	Bank Handlowy w	Pair Corr
0.81	ATP	Atlanta Poland SA	Pair Corr
0.84	DAD	Dadelo SA	Pair Corr
0.66	BNP	BNP Paribas Bank	Pair Corr
0.8	GRX	GreenX Metals	Pair Corr
0.82	ART	Artifex Mundi SA	Pair Corr
0.72	BLT	Balticon	Pair Corr
0.71	ENT	Enter Air SA	Pair Corr
0.78	PKN	Polski Koncern Naftowy	Pair Corr

Related Correlations Analysis

	GRX	CLE	ULM	ECH	ENT	AGL	LPP	ZUK	ATC
GRX		0.53	0.71	0.62	0.9	0.86	0.59	0.44	0.37	GRX
CLE	0.53		0.39	0.38	0.45	0.42	0.26	0.13	0.22	CLE
ULM	0.71	0.39		0.4	0.87	0.7	0.83	0.61	0.41	ULM
ECH	0.62	0.38	0.4		0.59	0.56	0.26	0.33	-0.02	ECH
ENT	0.9	0.45	0.87	0.59		0.88	0.77	0.55	0.42	ENT
AGL	0.86	0.42	0.7	0.56	0.88		0.54	0.22	0.59	AGL
LPP	0.59	0.26	0.83	0.26	0.77	0.54		0.69	0.28	LPP
ZUK	0.44	0.13	0.61	0.33	0.55	0.22	0.69		-0.12	ZUK
ATC	0.37	0.22	0.41	-0.02	0.42	0.59	0.28	-0.12		ATC
	GRX	CLE	ULM	ECH	ENT	AGL	LPP	ZUK	ATC

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

ENT	+ 0.9	GRX
AGL	+ 0.88	ENT
ENT	+ 0.87	ULM
AGL	+ 0.86	GRX
LPP	+ 0.83	ULM
LPP	+ 0.77	ENT

High negative correlations

ATC	- 0.12	ZUK
ATC	- 0.02	ECH

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
GRX	2.39	0.37	0.09	(0.43)	2.46	(3.26)	3.85	(4.29)	29.26
CLE	2.34	0.22	0.06	1.87	2.55	(2.73)	5.70	(4.14)	18.05
ULM	1.13	0.14	0.02	(0.69)	1.64	(1.99)	4.03	(3.88)	12.63
ECH	1.37	0.09	0.02	0.87	1.47	(1.67)	3.19	(2.70)	7.87
ENT	1.22	0.26	0.14	(8.55)	1.08	(1.41)	3.67	(2.02)	7.98
AGL	2.00	0.25	0.09	0.95	1.82	(3.41)	7.83	(3.36)	17.20
LPP	1.46	0.36	0.16	(1.14)	1.40	(1.59)	3.14	(2.66)	18.60
ZUK	2.25	0.28	0.10	0.76	2.05	(3.29)	5.31	(4.03)	19.39
ATC	1.06	0.03	(0.02)	0.61	1.42	(1.15)	2.27	(1.71)	10.38

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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