Pro Pac Correlations
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The correlation of Pro Pac 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.
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The ability to find closely correlated positions to Pro Pac could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pro Pac 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 Pro Pac - 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 Pro Pac Packaging to buy it.
Moving together with Pro Stock
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Pro Stock performing well and Pro Pac 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 Pro Pac'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NST | 2.39 | 0.12 | 0.03 | 0.19 | 3.55 | 4.07 | 13.67 | |||
| EVN | 2.37 | 0.41 | 0.14 | 0.35 | 2.57 | 4.54 | 15.90 | |||
| AAI | 2.54 | 0.49 | 0.15 | 0.39 | 2.89 | 6.21 | 15.79 | |||
| BSL | 1.54 | 0.38 | 0.33 | 0.44 | 0.80 | 3.38 | 22.73 | |||
| SFR | 1.73 | 0.17 | 0.06 | 0.19 | 2.42 | 4.04 | 12.09 | |||
| RMS | 2.46 | 0.35 | 0.11 | 0.32 | 2.96 | 6.30 | 13.99 | |||
| GMD | 2.63 | 0.26 | 0.06 | 0.34 | 3.67 | 5.36 | 17.50 | |||
| PRU | 1.88 | 0.14 | 0.05 | 0.25 | 2.27 | 3.78 | 12.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pro Pac 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?
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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Pro Pac Corporate Management
Elected by the shareholders, the Pro Pac's board of directors comprises two types of representatives: Pro Pac inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pro. The board's role is to monitor Pro Pac's management team and ensure that shareholders' interests are well served. Pro Pac's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pro Pac's outside directors are responsible for providing unbiased perspectives on the board's policies.
| LLB BA | Company Counsel | Profile | |
| Charles Miller | Chief Officer | Profile | |
| BA LLB | Company Counsel | Profile | |
| Ian BA | Chief Officer | Profile | |
| David Hewish | Chief Officer | Profile | |
| David Chin | Chief Officer | Profile | |
| Domenic Romanelli | Chief Officer | Profile |