Postd Merchant Correlations
| PMBY Stock | USD 0.0003 0.00 0.00% |
The correlation of Postd Merchant 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.
Postd Merchant Correlation With Market
Very weak diversification
The correlation between Postd Merchant Banque and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Postd Merchant Banque and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Postd Merchant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Postd Merchant 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 Postd Merchant - 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 Postd Merchant Banque to buy it.
Moving together with Postd Pink Sheet
| 0.69 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.78 | MFG | Mizuho Financial | PairCorr |
| 0.74 | ITUB | Itau Unibanco Banco Aggressive Push | PairCorr |
| 0.61 | PNC | PNC Financial Services | PairCorr |
| 0.8 | KNTK | Kinetik Holdings | PairCorr |
| 0.81 | GOOD | Gladstone Commercial Earnings Call Next Week | PairCorr |
| 0.8 | INTC | Intel | PairCorr |
| 0.83 | CVX | Chevron Corp | PairCorr |
| 0.66 | JNJ | Johnson Johnson | PairCorr |
| 0.61 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.79 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.69 | DD | Dupont De Nemours | PairCorr |
| 0.75 | CAT | Caterpillar | PairCorr |
Moving against Postd Pink Sheet
| 0.78 | CIHKY | China Merchants Bank | PairCorr |
| 0.76 | HDB | HDFC Bank Limited | PairCorr |
| 0.72 | MMSI | Merit Medical Systems | PairCorr |
| 0.37 | TRV | The Travelers Companies | PairCorr |
| 0.34 | MMM | 3M Company | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Postd Pink Sheet performing well and Postd Merchant 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 Postd Merchant'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TMEB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VTXB | 1.49 | (0.73) | 0.00 | 1.68 | 0.00 | 0.00 | 50.00 | |||
| WLYW | 2.98 | 1.63 | 0.00 | (1.04) | 0.00 | 0.00 | 100.00 | |||
| BITCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TLGN | 4.41 | 2.26 | 0.00 | 139.67 | 0.00 | 0.00 | 100.00 | |||
| SPRV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WNCG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNRY | 38.24 | 15.19 | 0.28 | (0.91) | 23.90 | 125.00 | 180.56 | |||
| PMPG | 17.31 | 4.74 | 0.09 | 1.49 | 15.42 | 100.00 | 150.00 | |||
| RNBI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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