Plutus Financial Correlations

PLUT Stock

3.40 0.09 2.72%

The current 90-days correlation between Plutus Financial and Heritage Global is 0.08 (i.e., Significant diversification). The correlation of Plutus Financial 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.

Plutus Financial Correlation With Market

Average diversification

The correlation between Plutus Financial Group and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plutus Financial Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Plutus Stock

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

Moving against Plutus Stock

0.62	GS	Goldman Sachs Group	Pair Corr
0.56	MS	Morgan Stanley	Pair Corr
0.54	VG1	Vgi Partners Global	Pair Corr
0.52	SF	Stifel Financial	Pair Corr
0.5	MFF	MFF Capital Investments	Pair Corr
0.45	EVR	Evercore Partners	Pair Corr
0.31	MC	Moelis	Pair Corr
0.66	MRX	Marex Group plc	Pair Corr
0.63	NMR	Nomura Holdings ADR	Pair Corr
0.55	MAF	MA Financial Group	Pair Corr
0.48	601211	Guotai Junan Securities	Pair Corr
0.44	SRL	Scully Royalty Earnings Call Today	Pair Corr
0.38	OPY	Oppenheimer Holdings	Pair Corr

Related Correlations Analysis

	HGBL	TOP	NSTS	TBMC	DMYY	ARBK	FSEA	RMCO	CLST	AAME
HGBL		0.92	-0.12	-0.28	0.22	0.63	-0.59	0.04	-0.89	0.55	HGBL
TOP	0.92		-0.04	-0.27	0.4	0.66	-0.54	0.05	-0.87	0.51	TOP
NSTS	-0.12	-0.04		0.55	0.6	-0.56	0.66	-0.51	0.37	-0.26	NSTS
TBMC	-0.28	-0.27	0.55		0.38	-0.44	0.46	-0.2	0.43	-0.31	TBMC
DMYY	0.22	0.4	0.6	0.38		0.0	0.2	-0.12	-0.15	0.1	DMYY
ARBK	0.63	0.66	-0.56	-0.44	0.0		-0.68	0.56	-0.82	0.5	ARBK
FSEA	-0.59	-0.54	0.66	0.46	0.2	-0.68		-0.4	0.7	-0.3	FSEA
RMCO	0.04	0.05	-0.51	-0.2	-0.12	0.56	-0.4		-0.29	0.42	RMCO
CLST	-0.89	-0.87	0.37	0.43	-0.15	-0.82	0.7	-0.29		-0.66	CLST
AAME	0.55	0.51	-0.26	-0.31	0.1	0.5	-0.3	0.42	-0.66		AAME
	HGBL	TOP	NSTS	TBMC	DMYY	ARBK	FSEA	RMCO	CLST	AAME

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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

TOP	+ 0.92	HGBL
CLST	+ 0.7	FSEA
ARBK	+ 0.66	TOP
FSEA	+ 0.66	NSTS
ARBK	+ 0.63	HGBL
DMYY	+ 0.6	NSTS

High negative correlations

CLST	- 0.89	HGBL
CLST	- 0.87	TOP
CLST	- 0.82	ARBK
FSEA	- 0.68	ARBK
AAME	- 0.66	CLST
FSEA	- 0.59	HGBL

Risk-Adjusted Indicators

There is a big difference between Plutus Stock performing well and Plutus Financial 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 Plutus Financial'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
HGBL	2.02	(0.52)	0.00	(0.61)	0.00	0.00	3.95	(3.80)	14.50
TOP	1.93	(0.41)	0.00	(0.46)	0.00	0.00	2.83	(3.73)	13.71
NSTS	0.65	0.02	(0.05)	0.21	0.76	(0.80)	1.61	(1.55)	4.36
TBMC	0.88	0.09	0.00	(0.25)	1.05	(1.39)	2.30	(2.33)	9.40
DMYY	1.63	(0.04)	0.00	(0.13)	0.00	0.00	4.39	(3.61)	10.88
ARBK	9.60	(2.59)	0.00	(0.51)	0.00	0.00	21.42	(17.61)	172.69
FSEA	1.28	0.19	0.05	3.96	1.74	(1.95)	3.11	(2.27)	25.19
RMCO	6.08	0.68	0.08	0.40	8.53	(7.10)	16.03	(11.54)	62.37
CLST	0.61	0.23	0.15	1.68	0.49	(0.87)	1.90	(0.67)	7.82
AAME	3.33	(0.32)	0.00	(0.30)	0.00	0.00	5.31	(8.39)	39.81

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