Primary Health Correlations
| PHPRF Stock | USD 1.45 0.02 1.40% |
The current 90-days correlation between Primary Health Properties and Shopping Centres Australasia is 0.02 (i.e., Significant diversification). The correlation of Primary Health 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.
Primary Health Correlation With Market
Weak diversification
The correlation between Primary Health Properties and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primary Health Properties and DJI in the same portfolio, assuming nothing else is changed.
Primary |
The ability to find closely correlated positions to Primary Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primary Health 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 Primary Health - 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 Primary Health Properties to buy it.
Moving together with Primary Pink Sheet
| 0.7 | NHI | National Health Investors | PairCorr |
| 0.68 | AEDFF | Aedifica SA Earnings Call This Week | PairCorr |
| 0.62 | DD | Dupont De Nemours Earnings Call Tomorrow | PairCorr |
| 0.63 | ARCB | ArcBest Corp | PairCorr |
| 0.73 | CVX | Chevron Corp | PairCorr |
| 0.74 | NE | Noble plc Earnings Call This Week | PairCorr |
| 0.65 | TCBX | Third Coast Bancshares Normal Trading | PairCorr |
| 0.65 | CGIFF | Chemtrade Logistics | PairCorr |
Moving against Primary Pink Sheet
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Primary Pink Sheet performing well and Primary Health 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 Primary Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCPAF | 0.73 | (0.40) | 0.00 | (1.22) | 0.00 | 0.00 | 24.32 | |||
| PRKWF | 0.32 | 0.12 | 0.00 | 4.59 | 0.00 | 0.97 | 8.53 | |||
| INGEF | 2.07 | (0.39) | 0.00 | 0.60 | 0.00 | 5.35 | 27.77 | |||
| JRHIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XIORF | 0.53 | (0.01) | (0.04) | (0.12) | 0.87 | 2.13 | 7.94 | |||
| CBAOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARSSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GRGTF | 0.95 | 0.25 | 0.00 | (4.26) | 0.00 | 3.14 | 28.17 | |||
| KMMPF | 0.60 | 0.10 | 0.02 | 1.84 | 0.74 | 1.10 | 5.21 | |||
| ENTOF | 0.12 | (0.07) | 0.00 | (11.47) | 0.00 | 0.00 | 3.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Primary Health 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.Did you try this?
Run Portfolio Anywhere Now
Portfolio AnywhereTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Primary Health Corporate Management
| Jesse Putzel | Director ESG | Profile | |
| MRICS BSc | Director Sustainability | Profile | |
| David Austin | Director Management | Profile | |
| Harry Hyman | CEO Founder | Profile | |
| MRICS BA | Chief Officer | Profile | |
| Paul Wright | Company Sec | Profile | |
| FRICS BSc | Advisory Director | Profile |