Prom Resources Correlations
| PRMODelisted Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between Prom Resources and Grillit is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prom Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prom Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Prom Resources Correlation With Market
Significant diversification
The correlation between Prom Resources and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prom Resources and DJI in the same portfolio, assuming nothing else is changed.
Prom |
The ability to find closely correlated positions to Prom Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prom Resources 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 Prom Resources - 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 Prom Resources to buy it.
Moving against Prom Pink Sheet
| 0.33 | OI | O I Glass | PairCorr |
| 0.31 | ELMSQ | Electric Last Mile | PairCorr |
| 0.35 | GEF | Greif Bros Fiscal Year End 4th of December 2024 | PairCorr |
| 0.35 | NCL | Northann Corp | 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
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Risk-Adjusted Indicators
There is a big difference between Prom Pink Sheet performing well and Prom Resources 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 Prom Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRLT | 14.93 | 3.64 | 0.12 | (0.54) | 12.82 | 33.33 | 158.33 | |||
| ZAAG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BLUU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BJRI | 2.02 | 0.04 | 0.04 | 0.14 | 2.26 | 4.59 | 13.19 | |||
| BFI | 10.82 | 0.33 | (0.01) | (0.01) | 12.18 | 19.15 | 130.30 | |||
| CBRL | 2.53 | 0.22 | 0.11 | 0.25 | 2.36 | 6.19 | 13.37 | |||
| SBUX | 1.04 | 0.08 | 0.01 | 0.31 | 0.99 | 2.44 | 7.49 | |||
| CMG | 1.30 | 0.11 | 0.05 | 0.23 | 2.02 | 2.74 | 10.78 | |||
| DPZ | 1.19 | 0.03 | 0.03 | 0.15 | 1.18 | 3.26 | 7.92 |
Prom Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Prom Resources pink sheet to make a market-neutral strategy. Peer analysis of Prom Resources could also be used in its relative valuation, which is a method of valuing Prom Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Prom Resources?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.