Porsche Automobile Correlations
| POAHY Stock | USD 3.81 0.02 0.53% |
The current 90-days correlation between Porsche Automobile and Stellantis NV is 0.5 (i.e., Very weak diversification). The correlation of Porsche Automobile 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.
Porsche Automobile Correlation With Market
Average diversification
The correlation between Porsche Automobile Holding and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Porsche Automobile Holding and DJI in the same portfolio, assuming nothing else is changed.
Porsche |
The ability to find closely correlated positions to Porsche Automobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Porsche Automobile 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 Porsche Automobile - 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 Porsche Automobile Holding to buy it.
Moving together with Porsche Pink Sheet
| 0.81 | BYDDY | BYD Co | PairCorr |
| 0.73 | BYDDF | BYD Limited | PairCorr |
| 0.71 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.75 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.75 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.69 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.68 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.69 | VLKAF | Volkswagen AG | PairCorr |
| 0.64 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.62 | 037833DN7 | APPLE INC | PairCorr |
Moving against Porsche Pink Sheet
| 0.53 | BRBR | Bellring Brands LLC | PairCorr |
| 0.48 | RERE | ATRenew Inc DRC | PairCorr |
| 0.72 | DIS | Walt Disney | PairCorr |
| 0.5 | FBEC | Fbec Worldwide | PairCorr |
| 0.47 | TSEM | Tower Semiconductor Earnings Call This Week | PairCorr |
| 0.4 | TSLA | Tesla Inc | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Porsche Pink Sheet performing well and Porsche Automobile 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 Porsche Automobile'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VWAGY | 1.31 | 0.00 | (0.04) | 0.09 | 1.81 | 2.84 | 7.84 | |||
| BMWYY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VLKAF | 1.14 | 0.04 | (0.02) | 0.56 | 1.75 | 2.24 | 7.47 | |||
| MBGYY | 1.30 | (0.03) | 0.00 | (0.15) | 0.00 | 2.68 | 9.12 | |||
| VWAPY | 1.21 | 0.03 | (0.03) | 0.27 | 1.84 | 2.22 | 7.82 | |||
| MBGAF | 1.24 | 0.09 | 0.01 | 0.50 | 1.44 | 2.67 | 7.12 | |||
| STLA | 1.73 | (0.08) | 0.00 | (0.24) | 0.00 | 3.21 | 9.53 | |||
| VLKPF | 1.91 | 0.10 | (0.01) | (0.21) | 2.42 | 4.17 | 16.29 | |||
| DRPRF | 1.33 | (0.21) | 0.00 | 0.85 | 0.00 | 3.28 | 13.53 | |||
| TM | 1.25 | 0.11 | 0.04 | 0.29 | 1.49 | 3.04 | 13.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Porsche Automobile without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Fundamental Analysis Now
Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
Porsche Automobile Corporate Management
| Hans MSc | Chairman Management | Profile | |
| Lutz Meschke | Investment Management | Profile | |
| Wolfgang Leimgruber | Head Production | Profile | |
| Jens Brucker | Head Martorell | Profile | |
| Albrecht Bamler | Head Communications | Profile | |
| George Wills | Pres CEO | Profile | |
| Manfred Doss | Legal Management | Profile |