Premium Brands Correlations
| PRBZF Stock | USD 53.91 2.07 3.70% |
The current 90-days correlation between Premium Brands Holdings and Maple Leaf Foods is -0.22 (i.e., Very good diversification). The correlation of Premium Brands 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.
Premium Brands Correlation With Market
Good diversification
The correlation between Premium Brands Holdings and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Premium Brands Holdings and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Premium Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premium Brands 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 Premium Brands - 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 Premium Brands Holdings to buy it.
Moving together with Premium Pink Sheet
| 0.71 | KO | Coca Cola Earnings Call This Week | PairCorr |
Moving against Premium Pink Sheet
| 0.79 | V | Visa Class A | PairCorr |
| 0.56 | GILT | Gilat Satellite Networks | PairCorr |
| 0.53 | MSB | Mesabi Trust | PairCorr |
| 0.53 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.47 | GILD | Gilead Sciences Earnings Call This Week | PairCorr |
| 0.47 | BA | Boeing | PairCorr |
| 0.75 | CSCO | Cisco Systems | PairCorr |
| 0.74 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.71 | BAC | Bank of America | PairCorr |
| 0.69 | WMT | Walmart Aggressive Push | PairCorr |
| 0.52 | IBM | International Business Tech Boost | PairCorr |
| 0.34 | T | ATT Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.77 | 0.76 | 0.64 | 0.64 | MLFNF | ||
| 0.77 | 0.74 | 0.54 | 0.83 | PWCDF | ||
| 0.76 | 0.74 | 0.61 | 0.8 | NNWWF | ||
| 0.64 | 0.54 | 0.61 | 0.68 | BADFF | ||
| 0.64 | 0.83 | 0.8 | 0.68 | SAPIF | ||
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Risk-Adjusted Indicators
There is a big difference between Premium Pink Sheet performing well and Premium Brands 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 Premium Brands' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MLFNF | 1.02 | (0.12) | 0.00 | (0.15) | 0.00 | 2.50 | 8.27 | |||
| PWCDF | 0.83 | (0.12) | 0.00 | (0.24) | 0.00 | 1.57 | 6.13 | |||
| NNWWF | 1.05 | (0.24) | 0.00 | (0.54) | 0.00 | 1.20 | 13.09 | |||
| BADFF | 1.10 | (0.12) | 0.00 | (0.44) | 0.00 | 2.80 | 13.68 | |||
| SAPIF | 0.86 | (0.29) | 0.00 | (0.41) | 0.00 | 1.56 | 9.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Premium Brands 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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Premium Brands Corporate Management
| AOE BCom | Gen Sec | Profile | |
| Ronald Kleijn | Pres Group | Profile | |
| Ronald Cons | CEO Partnership | Profile | |
| George CA | CEO Pres | Profile | |
| Kenneth Propp | Pres Group | Profile | |
| Gordon Sigurdson | Chief Fairbanks | Profile | |
| Irving Teper | Chief Ltd | Profile |