Powell Max Correlations

PMAX Stock

0.51 0.15 41.67%

The current 90-days correlation between Powell Max Limited and 51Talk Online Education is -0.01 (i.e., Good diversification). The correlation of Powell Max 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.

Powell Max Correlation With Market

Good diversification

The correlation between Powell Max Limited and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Powell Max Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Powell Stock

0.89	CAL	Continental	Pair Corr
0.61	SPWH	Sportsmans	Pair Corr
0.74	UPBD	Upbound Group	Pair Corr
0.62	F	Ford Motor Aggressive Push	Pair Corr
0.69	BC	Brunswick	Pair Corr
0.7	GM	General Motors Aggressive Push	Pair Corr
0.89	DOGZ	Dogness International Upward Rally	Pair Corr
0.82	AXL	American Axle Manufa	Pair Corr
0.81	CMG	Chipotle Mexican Grill Aggressive Push	Pair Corr
0.65	FUN	Six Flags Entertainment	Pair Corr
0.78	HWH	HWH International	Pair Corr
0.73	MOD	Modine Manufacturing Buyout Trend	Pair Corr

Moving against Powell Stock

0.71	FNKO	Funko Inc Earnings Call This Week	Pair Corr
0.46	IH	Ihuman Inc	Pair Corr
0.88	DRI	Darden Restaurants	Pair Corr
0.88	LTH	Life Time Group	Pair Corr
0.56	JAKK	JAKKS Pacific	Pair Corr
0.51	OSW	OneSpaWorld Holdings	Pair Corr
0.51	XPOF	Xponential Fitness	Pair Corr
0.47	MAT	Mattel Inc	Pair Corr
0.31	PLNT	Planet Fitness	Pair Corr

Related Correlations Analysis

	CMPR	COE	KO	STBFY	BOC	SNDL	STZ
CMPR		-0.7	-0.78	0.53	0.12	0.48	0.81	CMPR
COE	-0.7		0.2	-0.87	-0.3	-0.36	-0.84	COE
KO	-0.78	0.2		-0.07	0.26	-0.4	-0.48	KO
STBFY	0.53	-0.87	-0.07		0.33	0.26	0.79	STBFY
BOC	0.12	-0.3	0.26	0.33		0.24	0.11	BOC
SNDL	0.48	-0.36	-0.4	0.26	0.24		0.49	SNDL
STZ	0.81	-0.84	-0.48	0.79	0.11	0.49		STZ
	CMPR	COE	KO	STBFY	BOC	SNDL	STZ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

STZ	+ 0.81	CMPR
STZ	+ 0.79	STBFY
STBFY	+ 0.53	CMPR
STZ	+ 0.49	SNDL
SNDL	+ 0.48	CMPR
BOC	+ 0.33	STBFY

High negative correlations

STBFY	- 0.87	COE
STZ	- 0.84	COE
KO	- 0.78	CMPR
COE	- 0.7	CMPR
STZ	- 0.48	KO
SNDL	- 0.4	KO

Risk-Adjusted Indicators

There is a big difference between Powell Stock performing well and Powell Max 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 Powell Max'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
CMPR	2.10	(0.76)	0.00	(1.62)	0.00	0.00	3.95	(5.34)	11.06
COE	2.98	0.37	0.11	(0.63)	3.16	(4.15)	9.72	(4.78)	29.17
KO	0.87	0.18	0.21	2.45	0.74	(0.99)	1.92	(1.13)	5.79
STBFY	0.93	(0.02)	0.00	(0.59)	0.00	0.00	1.84	(1.83)	4.57
BOC	1.30	(0.03)	0.00	(0.06)	0.00	0.00	2.39	(2.32)	6.99
SNDL	1.97	(0.28)	0.00	(0.69)	0.00	0.00	4.62	(3.87)	11.94
STZ	1.42	(0.42)	0.00	(0.47)	0.00	0.00	2.22	(2.87)	19.31

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

2024 Macroaxis LLC