Promateris Correlations

PPL Stock

6.50 0.50 7.14%

The current 90-days correlation between Promateris SA and IM Vinaria Purcari is -0.02 (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 0.76 (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 against Promateris Stock

0.61	ALT	Altur Slatina	Pair Corr
0.57	ALR	Alro Slatina	Pair Corr
0.49	ALU	Alumil Rom Industry	Pair Corr
0.44	ARTE	Artego Tg Jiu	Pair Corr

Related Correlations Analysis

	TRANSI	AROBS	HUNT	WINE
TRANSI		0.86	0.7	0.46	TRANSI
AROBS	0.86		0.43	0.35	AROBS
HUNT	0.7	0.43		0.67	HUNT
WINE	0.46	0.35	0.67		WINE
	TRANSI	AROBS	HUNT	WINE

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
TRANSI	1.43	0.32	0.08	(0.46)	1.21	(2.53)	3.92	(2.04)	8.08
AROBS	0.93	0.17	0.04	(12.77)	0.84	(2.09)	2.74	(1.49)	8.43
HUNT	1.60	0.35	0.08	1.55	1.31	(4.44)	3.45	(3.33)	22.80
WINE	0.88	0.04	(0.06)	(0.74)	0.90	(1.17)	2.21	(1.52)	6.93

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.

Did you try this?

Run CEOs Directory Now

CEOs Directory

Screen CEOs from public companies around the world

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC