Primega Group Correlations

PGHL Stock

10.54 1.72 14.03%

The current 90-days correlation between Primega Group Holdings and Stagwell is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Primega Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primega Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Primega Group Correlation With Market

Significant diversification

The correlation between Primega Group Holdings and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primega Group Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Primega Group Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against Primega Stock

0.51	ORN	Orion Group Holdings	Pair Corr
0.46	BBCP	Concrete Pumping Holdings Fiscal Year End 9th of January 2025	Pair Corr
0.36	BWMN	Bowman Consulting	Pair Corr
0.32	BE	Bloom Energy Corp	Pair Corr

Related Correlations Analysis

	STGW	AMKR	DLPN	ADI	COE	GLBE	IAS
STGW		-0.17	-0.26	-0.39	-0.06	0.48	0.05	STGW
AMKR	-0.17		0.7	0.68	-0.25	-0.62	-0.19	AMKR
DLPN	-0.26	0.7		0.35	-0.19	-0.67	-0.17	DLPN
ADI	-0.39	0.68	0.35		-0.1	-0.37	0.07	ADI
COE	-0.06	-0.25	-0.19	-0.1		0.19	0.14	COE
GLBE	0.48	-0.62	-0.67	-0.37	0.19		0.04	GLBE
IAS	0.05	-0.19	-0.17	0.07	0.14	0.04		IAS
	STGW	AMKR	DLPN	ADI	COE	GLBE	IAS

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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

DLPN	+ 0.7	AMKR
ADI	+ 0.68	AMKR
GLBE	+ 0.48	STGW
ADI	+ 0.35	DLPN
GLBE	+ 0.19	COE
IAS	+ 0.14	COE

High negative correlations

GLBE	- 0.67	DLPN
GLBE	- 0.62	AMKR
ADI	- 0.39	STGW
GLBE	- 0.37	ADI
DLPN	- 0.26	STGW
COE	- 0.25	AMKR

Risk-Adjusted Indicators

There is a big difference between Primega Stock performing well and Primega Group 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 Primega Group'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
STGW	1.88	(0.05)	0.02	0.09	2.14	(2.06)	3.42	(3.72)	9.83
AMKR	1.94	(0.56)	0.00	(0.14)	0.00	0.00	3.95	(4.84)	10.30
DLPN	3.06	(0.44)	0.00	(0.58)	0.00	0.00	6.90	(6.06)	21.14
ADI	1.55	(0.19)	0.00	(0.01)	0.00	0.00	2.90	(3.05)	9.32
COE	2.46	0.12	0.01	0.67	3.16	(2.85)	5.29	(4.95)	27.73
GLBE	1.73	0.49	0.27	0.54	1.31	(2.06)	4.70	(2.91)	11.98
IAS	1.58	(0.15)	0.00	(0.06)	0.00	0.00	3.26	(2.41)	23.54

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