Premier Development Correlations

PDIV Stock

USD 0.12 0.01 7.69%

The current 90-days correlation between Premier Development and Peak Minerals Limited is 0.04 (i.e., Significant diversification). The correlation of Premier Development 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.

Premier Development Correlation With Market

Average diversification

The correlation between Premier Development Investment and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Premier Development Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Premier Pink Sheet

0.73	VHAI	VHAI	Pair Corr
0.62	PNW	Pinnacle West Capital	Pair Corr

Moving against Premier Pink Sheet

0.86	PPERY	Bank Mandiri Persero	Pair Corr
0.82	TLK	Telkom Indonesia Tbk	Pair Corr
0.6	PBCRY	Bank Central Asia	Pair Corr
0.54	PPERF	Bank Mandiri Persero	Pair Corr
0.46	PBCRF	PT Bank Central	Pair Corr
0.44	FNLPF	Fresnillo PLC	Pair Corr
0.43	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.34	TFPM	Triple Flag Precious	Pair Corr
0.81	TGI	Triumph Group	Pair Corr
0.72	CM	Canadian Imperial Bank	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.69	DNGFF	Dongfang ElectricLimited	Pair Corr
0.67	DGWR	Critic Clothing	Pair Corr
0.57	CALC	CalciMedica, Common Stock	Pair Corr
0.44	EGP	EastGroup Properties	Pair Corr
0.31	ALVLF	Big Ridge Gold	Pair Corr
0.87	FTI	TechnipFMC PLC	Pair Corr
0.82	LMND	Lemonade	Pair Corr
0.81	TGS	Transportadora de Gas	Pair Corr
0.78	AAPL	Apple Inc	Pair Corr
0.58	HIRU	Hiru	Pair Corr
0.55	EOLS	Evolus Inc	Pair Corr

Related Correlations Analysis

	FCSUF	SDRC	HEGLF	BKRRF	KFFLF	COOSF	IAUFF	GPPRF	BOCOF	SMDRF
FCSUF		-0.53	0.58	0.2	0.43	0.46	0.51	-0.21	-0.8	0.13	FCSUF
SDRC	-0.53		-0.85	0.26	-0.36	-0.06	-0.36	0.68	0.73	0.49	SDRC
HEGLF	0.58	-0.85		-0.26	0.43	0.27	0.5	-0.64	-0.8	-0.4	HEGLF
BKRRF	0.2	0.26	-0.26		-0.27	0.48	0.22	0.63	-0.1	0.57	BKRRF
KFFLF	0.43	-0.36	0.43	-0.27		0.1	0.6	-0.42	-0.59	0.19	KFFLF
COOSF	0.46	-0.06	0.27	0.48	0.1		0.55	0.23	-0.49	0.45	COOSF
IAUFF	0.51	-0.36	0.5	0.22	0.6	0.55		-0.24	-0.66	0.4	IAUFF
GPPRF	-0.21	0.68	-0.64	0.63	-0.42	0.23	-0.24		0.33	0.49	GPPRF
BOCOF	-0.8	0.73	-0.8	-0.1	-0.59	-0.49	-0.66	0.33		0.02	BOCOF
SMDRF	0.13	0.49	-0.4	0.57	0.19	0.45	0.4	0.49	0.02		SMDRF
	FCSUF	SDRC	HEGLF	BKRRF	KFFLF	COOSF	IAUFF	GPPRF	BOCOF	SMDRF

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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

BOCOF	+ 0.73	SDRC
GPPRF	+ 0.68	SDRC
GPPRF	+ 0.63	BKRRF
IAUFF	+ 0.6	KFFLF
HEGLF	+ 0.58	FCSUF
SMDRF	+ 0.57	BKRRF

High negative correlations

HEGLF	- 0.85	SDRC
BOCOF	- 0.8	HEGLF
BOCOF	- 0.8	FCSUF
BOCOF	- 0.66	IAUFF
GPPRF	- 0.64	HEGLF
BOCOF	- 0.59	KFFLF

Risk-Adjusted Indicators

There is a big difference between Premier Pink Sheet performing well and Premier Development 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 Premier Development'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
FCSUF	19.11	9.50	0.00	12.18	0.00	0.00	0.00	0.00	403.35
SDRC	3.73	(0.14)	0.00	(0.12)	0.00	0.00	9.76	(8.51)	30.90
HEGLF	25.73	9.62	0.00	0.41	0.00	0.00	0.00	0.00	793.02
BKRRF	4.10	0.46	0.10	0.26	4.28	(5.26)	8.33	(8.62)	22.16
KFFLF	3.21	1.09	0.00	3.19	0.00	0.00	5.38	(0.39)	67.06
COOSF	4.53	0.61	0.06	(1.46)	5.26	(12.09)	10.19	(12.53)	76.94
IAUFF	2.38	0.86	0.00	3.60	0.00	0.00	10.71	(3.23)	28.79
GPPRF	2.91	(0.01)	0.00	0.05	3.33	(4.08)	6.06	(5.88)	19.14
BOCOF	0.26	(0.15)	0.00	(3.00)	0.00	0.00	0.00	0.00	5.88
SMDRF	5.11	0.93	0.13	0.87	5.89	(6.27)	12.15	(9.09)	40.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Premier Development 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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