Pioneer Correlations
| PIMO Stock | THB 1.20 0.05 4.00% |
The current 90-days correlation between Pioneer Motor Public and Exotic Food Public is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pioneer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pioneer Motor Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pioneer Correlation With Market
Average diversification
The correlation between Pioneer Motor Public and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pioneer Motor Public and DJI in the same portfolio, assuming nothing else is changed.
Pioneer |
The ability to find closely correlated positions to Pioneer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pioneer 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 Pioneer - 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 Pioneer Motor Public to buy it.
Moving together with Pioneer Stock
| 0.64 | SMIT | Sahamit Machinery Public | PairCorr |
| 0.86 | CIMBT | CIMB Thai Bank | PairCorr |
| 0.8 | AWC | Asset World Corp | PairCorr |
| 0.91 | PTT-R | PTT Public | PairCorr |
| 0.91 | PTT | PTT Public | PairCorr |
Moving against Pioneer Stock
| 0.74 | TRUE-R | True Public | PairCorr |
| 0.71 | STGT-R | SRI TRANG GLOVES | PairCorr |
| 0.55 | KTC | Krungthai Card PCL | PairCorr |
| 0.4 | TTB | TMBThanachart Bank Public | PairCorr |
| 0.39 | SCB-R | Siam Commercial | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Pioneer Stock performing well and Pioneer 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 Pioneer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XO | 1.75 | (0.28) | 0.00 | 1.51 | 0.00 | 3.24 | 22.02 | |||
| PJW | 1.01 | (0.20) | 0.00 | 9.08 | 0.00 | 2.42 | 8.40 | |||
| MEGA | 1.34 | (0.29) | 0.00 | (24.97) | 0.00 | 2.00 | 7.97 | |||
| PHOL | 0.56 | (0.06) | 0.00 | 7.19 | 0.00 | 1.35 | 4.71 | |||
| ECF | 2.72 | (0.60) | 0.00 | 0.97 | 0.00 | 5.00 | 16.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pioneer 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 Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
| All Next | Launch Module |