Plato Income Correlations

Stocks Australia . 
Stock . Plato Income Maximiser
PL8 Stock   1.51  0.02  1.34%   
The current 90-days correlation between Plato Income Maximiser and Aurelia Metals is 0.09 (i.e., Significant diversification). The correlation of Plato Income 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.

Plato Income Correlation With Market

Good diversification

The correlation between Plato Income Maximiser and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plato Income Maximiser and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Plato Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plato Income 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 Plato Income - 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 Plato Income Maximiser to buy it.

Moving together with Plato Stock

  0.88CBAPM Commonwealth BankPairCorr
  0.77CBAPJ Commonwealth BankPairCorr
  0.81ASK Abacus Storage KingPairCorr
  0.61PTX Prescient TherapeuticsPairCorr
  0.87PMT Patriot Battery MetalsPairCorr
  0.8DWG Dataworks GroupPairCorr
  0.87MQGPG Macquarie GroupPairCorr
  0.64ECL Excelsior CapitalPairCorr
  0.86PDI Predictive DiscoveryPairCorr
  0.84NEM NewmontPairCorr
  0.86WBCPM Westpac BankingPairCorr
  0.85NABPH National Australia BankPairCorr
  0.67PL3 Patagonia LithiumPairCorr
  0.8AVM Advance MetalsPairCorr
  0.8CCX City Chic CollectivePairCorr
  0.76LIN Lindian ResourcesPairCorr
  0.82AUR Auris MineralsPairCorr
  0.7ARA Ariadne AustraliaPairCorr
  0.72AMC Amcor Plc SplitPairCorr
  0.91WR1 Winsome ResourcesPairCorr
  0.74AQD AusquestPairCorr
  0.7PE1 Pengana Private EquityPairCorr
  0.9MBK Metal BankPairCorr
  0.92AAI Alcoa Earnings Call TomorrowPairCorr
  0.78TG1 Techgen MetalsPairCorr
  0.87CVV Caravel MineralsPairCorr
  0.86KGN KoganPairCorr
  0.92PIQ Proteomics InternationalPairCorr

Moving against Plato Stock

  0.68ATM Aneka Tambang TBKPairCorr
  0.48CBA Commonwealth BankPairCorr
  0.37REG Regis HealthcarePairCorr

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

SLB
+ 0.77
AAM
GLH
+ 0.54
SLB
SHL
+ 0.5
BTC
AMI
+ 0.37
BTC
GLH
+ 0.36
AAM
AMI
+ 0.34
AAM
  

High negative correlations

GLH
- 0.78
BTC
SLB
- 0.66
BTC
SHL
- 0.61
GLH
GLH
- 0.58
AMI
AAM
- 0.49
BTC
SHL
- 0.48
SLB

Risk-Adjusted Indicators

There is a big difference between Plato Stock performing well and Plato Income 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 Plato Income'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Plato Income 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 Bonds Directory Now

   

Bonds Directory

Find actively traded corporate debentures issued by US companies
All  Next Launch Module

Plato Income Corporate Management

Elected by the shareholders, the Plato Income's board of directors comprises two types of representatives: Plato Income inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Plato. The board's role is to monitor Plato Income's management team and ensure that shareholders' interests are well served. Plato Income's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Plato Income's outside directors are responsible for providing unbiased perspectives on the board's policies.
George PlattCoHead ResearchProfile
Terence KwongCompany SecretaryProfile
Craig LouisHead MacroProfile
Calvin KwokCompany SecretaryProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2026 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY