Promateris Correlations

PPL Stock

7.20 0.10 1.37%

The current 90-days correlation between Promateris SA and Norofert SA is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Promateris moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Promateris SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Promateris Correlation With Market

Poor diversification

The correlation between Promateris SA and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Promateris SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Promateris Stock

0.82	ARS	Aerostar Bacau	Pair Corr
0.86	SNN	S N Nuclearele	Pair Corr
0.8	RPH	Ropharma Bras	Pair Corr
0.77	EVER	Evergent Investments	Pair Corr
0.71	AROBS	AROBS TRANSILVANIA	Pair Corr
0.77	SNG	Societatea Nationala	Pair Corr
0.68	WINE	IM Vinaria Purcari	Pair Corr
0.88	M	Med Life SA	Pair Corr
0.82	TRANSI	TRANSILVANIA INVESTMENTS	Pair Corr
0.81	INFINITY	Infinity Capital Inv	Pair Corr
0.76	ELMA	Electromagnetica	Pair Corr
0.85	ONE	One United Properties	Pair Corr
0.85	HUNT	IHUNT TECHNOLOGY IMPORT	Pair Corr
0.88	RMAH	Farmaceutica R	Pair Corr
0.81	EBS	Erste Group Bank	Pair Corr
0.84	EL	Societatea Energetica	Pair Corr
0.86	DIGI	Digi Communications	Pair Corr

Moving against Promateris Stock

0.68	ALT	Altur Slatina	Pair Corr
0.63	ATB	Antibiotice Ia	Pair Corr
0.63	ALR	Alro Slatina	Pair Corr
0.36	ARTE	Artego Tg Jiu	Pair Corr

Related Correlations Analysis

	ARTE	IPRU	RPH	REFE	TUFE	TVBETETF	NRF
ARTE		-0.33	-0.53	-0.1	0.0	-0.47	-0.07	ARTE
IPRU	-0.33		0.68	-0.02	0.0	0.72	-0.38	IPRU
RPH	-0.53	0.68		0.37	0.0	0.95	-0.19	RPH
REFE	-0.1	-0.02	0.37		0.0	0.36	0.33	REFE
TUFE	0.0	0.0	0.0	0.0		0.0	0.0	TUFE
TVBETETF	-0.47	0.72	0.95	0.36	0.0		-0.25	TVBETETF
NRF	-0.07	-0.38	-0.19	0.33	0.0	-0.25		NRF
	ARTE	IPRU	RPH	REFE	TUFE	TVBETETF	NRF

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

TVBETETF	+ 0.95	RPH
TVBETETF	+ 0.72	IPRU
RPH	+ 0.68	IPRU
REFE	+ 0.37	RPH
TVBETETF	+ 0.36	REFE
NRF	+ 0.33	REFE

High negative correlations

RPH	- 0.53	ARTE
TVBETETF	- 0.47	ARTE
NRF	- 0.38	IPRU
IPRU	- 0.33	ARTE
NRF	- 0.25	TVBETETF
NRF	- 0.19	RPH

Risk-Adjusted Indicators

There is a big difference between Promateris Stock performing well and Promateris 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 Promateris' 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
ARTE	1.96	(0.16)	0.00	(0.33)	0.00	0.00	5.77	(5.45)	14.48
IPRU	1.04	0.05	(0.01)	1.02	1.18	(1.96)	3.08	(2.24)	8.41
RPH	2.12	0.53	0.06	(0.38)	2.18	(5.86)	6.25	(5.26)	20.86
REFE	0.39	0.11	0.00	(4.32)	0.00	0.00	0.00	0.00	9.63
TUFE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TVBETETF	0.84	0.33	0.24	(2.01)	0.70	(0.96)	1.94	(1.74)	4.68
NRF	1.57	(0.19)	0.00	(2.04)	0.00	0.00	4.08	(4.01)	11.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Promateris 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.

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