Poste Italiane Correlations

PITAF Stock

USD 27.61 0.00 0.00%

The current 90-days correlation between Poste Italiane SpA and Halma PLC is -0.02 (i.e., Good diversification). The correlation of Poste Italiane 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.

Poste Italiane Correlation With Market

Poor diversification

The correlation between Poste Italiane SpA and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poste Italiane SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Poste Pink Sheet

0.87	HON	Honeywell International	Pair Corr
0.84	MSBHF	Mitsubishi Corp	Pair Corr
0.64	HTHIF	Hitachi	Pair Corr
0.64	HTHIY	Hitachi Ltd ADR	Pair Corr
0.84	MITSY	Mitsui Company	Pair Corr
0.84	MITSF	Mitsui Co	Pair Corr
0.71	ITOCY	Itochu Corp ADR	Pair Corr
0.83	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.83	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.86	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.84	SMFNF	Sumitomo Mitsui Financial Downward Rally	Pair Corr
0.84	KB	KB Financial Group	Pair Corr
0.89	MFG	Mizuho Financial Downward Rally	Pair Corr
0.86	MZHOF	Mizuho Financial Downward Rally	Pair Corr
0.86	SHG	Shinhan Financial	Pair Corr
0.67	BLAGF	Blue Lagoon Resources	Pair Corr
0.79	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.81	MEEEF	Metal Energy Corp	Pair Corr
0.9	SLSR	Solaris Resources	Pair Corr
0.65	PLSE	Pulse Biosciences	Pair Corr
0.83	BFS	Saul Centers	Pair Corr
0.8	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.84	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.87	FRSB	First Resource Bank	Pair Corr
0.66	USPH	US Physicalrapy	Pair Corr
0.85	BNEFF	Bonterra Energy Corp	Pair Corr

Moving against Poste Pink Sheet

0.39

AFIIQ

Armstrong Flooring

Pair Corr

Related Correlations Analysis

	HALMY	HLMAF	JMHLY	JARLF	WEICF	GPOVF	CRWOF	ACSAF	MTRJF	KPELY
HALMY		0.93	0.78	0.79	0.69	0.75	0.27	0.68	0.67	0.74	HALMY
HLMAF	0.93		0.73	0.73	0.62	0.71	0.21	0.63	0.63	0.69	HLMAF
JMHLY	0.78	0.73		0.89	0.82	0.71	0.58	0.88	0.85	0.84	JMHLY
JARLF	0.79	0.73	0.89		0.74	0.7	0.44	0.8	0.8	0.79	JARLF
WEICF	0.69	0.62	0.82	0.74		0.48	0.77	0.79	0.76	0.91	WEICF
GPOVF	0.75	0.71	0.71	0.7	0.48		0.1	0.74	0.74	0.56	GPOVF
CRWOF	0.27	0.21	0.58	0.44	0.77	0.1		0.61	0.56	0.66	CRWOF
ACSAF	0.68	0.63	0.88	0.8	0.79	0.74	0.61		0.85	0.82	ACSAF
MTRJF	0.67	0.63	0.85	0.8	0.76	0.74	0.56	0.85		0.76	MTRJF
KPELY	0.74	0.69	0.84	0.79	0.91	0.56	0.66	0.82	0.76		KPELY
	HALMY	HLMAF	JMHLY	JARLF	WEICF	GPOVF	CRWOF	ACSAF	MTRJF	KPELY

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Risk-Adjusted Indicators

There is a big difference between Poste Pink Sheet performing well and Poste Italiane 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 Poste Italiane'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
HALMY	1.29	0.20	0.13	0.32	1.21	(1.43)	2.63	(2.03)	10.77
HLMAF	1.90	0.28	0.11	2.26	2.23	(2.09)	4.08	(3.63)	16.08
JMHLY	1.53	0.34	0.16	1.76	1.57	(1.73)	3.60	(3.23)	11.55
JARLF	1.42	0.37	0.08	0.48	1.32	(4.31)	5.18	(3.79)	17.61
WEICF	2.65	0.64	0.17	(11.56)	2.85	(3.21)	6.28	(4.84)	15.99
GPOVF	0.13	0.06	0.00	2.40	0.00	0.00	0.00	0.00	2.90
CRWOF	0.43	0.01	0.00	0.07	0.00	0.00	1.92	0.00	9.62
ACSAF	1.26	0.54	0.00	(0.67)	0.00	0.00	7.33	0.00	22.58
MTRJF	0.57	0.28	0.00	1.78	0.00	0.00	0.00	0.00	12.06
KPELY	1.38	0.42	0.24	(9.43)	1.12	(1.70)	3.05	(2.44)	8.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Poste Italiane 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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Poste Italiane Corporate Management

Anna Sassano	Head Admin	Profile
Manlio Caporali	Head Purchasing	Profile
Antonio Nervi	Head Governance	Profile
Paolo Bruschi	Real Organization	Profile
Massimiliano Riggi	Head Relations	Profile
Massimo Rosini	Head Department	Profile
Giuseppe Cannizzaro	Head Affairs	Profile

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