Pomvom Correlations

PMVM Stock

204.80 12.20 5.62%

The current 90-days correlation between Pomvom and Photomyne is 0.12 (i.e., Average diversification). The correlation of Pomvom 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.

Pomvom Correlation With Market

Average diversification

The correlation between Pomvom and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pomvom and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pomvom Stock

0.62

CRMT

Carmit

Pair Corr

Moving against Pomvom Stock

0.58	PRTC	Priortech	Pair Corr
0.58	0P00013UB9	Yelin Lapidot Growth	Pair Corr
0.57	ORA	Ormat Technologies	Pair Corr
0.53	KRDI	Kardan Israel	Pair Corr
0.5	AZRG	Azrieli Group	Pair Corr
0.47	PHOE	Phoenix Holdings	Pair Corr
0.45	ILDR	Israel Land Development	Pair Corr
0.45	FTAL	Fattal 1998 Holdings	Pair Corr
0.41	FBRT	FMS Enterprises Migun	Pair Corr
0.38	NTO	Neto ME Holdings	Pair Corr
0.37	QLTU	Qualitau	Pair Corr
0.64	BIG	Big Shopping Centers	Pair Corr
0.6	MVNE	Mivne Real Estate	Pair Corr
0.52	SOFW	Sofwave Medical	Pair Corr
0.51	BLSR	Blue Square Real	Pair Corr
0.5	BRIH	Rav Bariach 08	Pair Corr
0.37	MTDS	Meitav Dash Investments	Pair Corr
0.37	ILDC	Israel Land Development	Pair Corr
0.35	ISOP-L	Israel Opportunity	Pair Corr
0.33	ARPT	Airport City	Pair Corr
0.33	NWMD	NewMed Energy	Pair Corr
0.31	CGEN	Compugen	Pair Corr

Related Correlations Analysis

	PHTM	ROBO	IDMO	TECT	TNDO	G107	CLAB	NRGN	SPDV	AILN
PHTM		0.59	0.27	0.5	0.66	-0.45	-0.27	0.56	0.7	0.66	PHTM
ROBO	0.59		0.67	0.85	0.83	-0.41	-0.42	0.2	0.56	0.76	ROBO
IDMO	0.27	0.67		0.68	0.71	0.04	0.09	0.15	0.38	0.57	IDMO
TECT	0.5	0.85	0.68		0.88	-0.4	-0.27	0.15	0.58	0.77	TECT
TNDO	0.66	0.83	0.71	0.88		-0.35	-0.18	0.41	0.72	0.78	TNDO
G107	-0.45	-0.41	0.04	-0.4	-0.35		0.51	-0.17	-0.26	-0.6	G107
CLAB	-0.27	-0.42	0.09	-0.27	-0.18	0.51		0.17	-0.03	-0.4	CLAB
NRGN	0.56	0.2	0.15	0.15	0.41	-0.17	0.17		0.66	0.36	NRGN
SPDV	0.7	0.56	0.38	0.58	0.72	-0.26	-0.03	0.66		0.56	SPDV
AILN	0.66	0.76	0.57	0.77	0.78	-0.6	-0.4	0.36	0.56		AILN
	PHTM	ROBO	IDMO	TECT	TNDO	G107	CLAB	NRGN	SPDV	AILN

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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

TNDO	+ 0.88	TECT
TECT	+ 0.85	ROBO
TNDO	+ 0.83	ROBO
AILN	+ 0.78	TNDO
AILN	+ 0.77	TECT
AILN	+ 0.76	ROBO

High negative correlations

AILN	- 0.6	G107
G107	- 0.45	PHTM
CLAB	- 0.42	ROBO
G107	- 0.41	ROBO
AILN	- 0.4	CLAB
G107	- 0.4	TECT

Risk-Adjusted Indicators

There is a big difference between Pomvom Stock performing well and Pomvom 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 Pomvom'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
PHTM	1.28	(0.29)	0.00	(5.43)	0.00	0.00	2.52	(5.21)	14.59
ROBO	2.16	(0.64)	0.00	1.69	0.00	0.00	4.43	(5.27)	17.63
IDMO	1.90	(0.41)	0.00	(0.34)	0.00	0.00	4.07	(4.90)	17.23
TECT	2.31	(0.28)	0.00	0.82	0.00	0.00	4.50	(4.72)	17.09
TNDO	1.70	(0.53)	0.00	(0.96)	0.00	0.00	2.76	(5.10)	16.99
G107	3.72	0.26	0.02	(0.14)	4.24	(4.72)	11.33	(7.65)	31.31
CLAB	1.33	(0.04)	0.00	0.14	0.00	0.00	2.83	(3.69)	17.19
NRGN	1.98	(0.26)	0.00	(0.44)	0.00	0.00	3.95	(5.93)	22.27
SPDV	0.61	(0.24)	0.00	10.20	0.00	0.00	1.03	(2.38)	7.42
AILN	2.18	(0.38)	0.00	(0.75)	0.00	0.00	6.50	(4.68)	16.03

Pomvom Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pomvom stock to make a market-neutral strategy. Peer analysis of Pomvom could also be used in its relative valuation, which is a method of valuing Pomvom by comparing valuation metrics with similar companies.

Photomyne Robogroup Idomoo Tectona Tondo Smart Group 107 CompuLab Nrgene Technologies Speedvalue Axilion Smart Mobility American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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