Princeton National Correlations

Summary

The correlation of Princeton National 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.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Princeton Stock

0.81	EC	Ecopetrol SA ADR	Pair Corr
0.8	PKX	POSCO Holdings	Pair Corr
0.94	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.8	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Moving against Princeton Stock

0.81	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.71	DIS	Walt Disney Aggressive Push	Pair Corr
0.71	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.68	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.66	PTAIF	PT Astra International	Pair Corr
0.61	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.59	SSNLF	Samsung Electronics	Pair Corr
0.52	PIFMY	Indofood Sukses Makmur	Pair Corr
0.45	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	MATV	AXTA	ECL	APD	BAK	SEE	HDSN
MATV		-0.8	0.35	-0.72	0.8	-0.39	0.84	MATV
AXTA	-0.8		-0.45	0.62	-0.75	0.49	-0.87	AXTA
ECL	0.35	-0.45		0.13	0.5	0.2	0.61	ECL
APD	-0.72	0.62	0.13		-0.59	0.64	-0.51	APD
BAK	0.8	-0.75	0.5	-0.59		-0.21	0.82	BAK
SEE	-0.39	0.49	0.2	0.64	-0.21		-0.23	SEE
HDSN	0.84	-0.87	0.61	-0.51	0.82	-0.23		HDSN
	MATV	AXTA	ECL	APD	BAK	SEE	HDSN

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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

HDSN	+ 0.84	MATV
HDSN	+ 0.82	BAK
BAK	+ 0.8	MATV
SEE	+ 0.64	APD
APD	+ 0.62	AXTA
HDSN	+ 0.61	ECL

High negative correlations

HDSN	- 0.87	AXTA
AXTA	- 0.8	MATV
BAK	- 0.75	AXTA
APD	- 0.72	MATV
BAK	- 0.59	APD
HDSN	- 0.51	APD

Risk-Adjusted Indicators

There is a big difference between Princeton Stock performing well and Princeton National 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 Princeton National'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
MATV	2.29	(0.66)	0.00	(0.22)	0.00	0.00	3.96	(4.87)	29.08
AXTA	1.21	0.07	0.05	0.19	1.25	(1.24)	2.81	(2.08)	10.92
ECL	0.73	(0.07)	0.00	(0.02)	0.00	0.00	1.43	(1.11)	4.42
APD	0.90	0.27	0.19	1.17	0.55	(0.98)	1.90	(1.38)	10.91
BAK	2.05	(0.27)	0.00	6.10	0.00	0.00	4.69	(4.63)	13.72
SEE	1.22	0.00	(0.01)	0.11	1.49	(1.22)	2.26	(2.43)	8.28
HDSN	2.10	(0.38)	0.00	6.60	0.00	0.00	4.75	(3.98)	29.08

Princeton National 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 Princeton National stock to make a market-neutral strategy. Peer analysis of Princeton National could also be used in its relative valuation, which is a method of valuing Princeton National by comparing valuation metrics with similar companies.

Mativ Holdings Axalta Coating Systems Ecolab Inc Air Products and Braskem SA Class Sealed Air Hudson Technologies American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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