PriceSmart Correlations
| PS8 Stock | EUR 130.00 3.00 2.26% |
The current 90-days correlation between PriceSmart and PT Bank Central is 0.05 (i.e., Significant diversification). The correlation of PriceSmart 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.
PriceSmart Correlation With Market
Very poor diversification
The correlation between PriceSmart and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PriceSmart and DJI in the same portfolio, assuming nothing else is changed.
PriceSmart |
The ability to find closely correlated positions to PriceSmart could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PriceSmart 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 PriceSmart - 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 PriceSmart to buy it.
Moving together with PriceSmart Stock
| 0.74 | NVE | NVR Inc | PairCorr |
| 0.62 | WNI | WHITE MTNS INS | PairCorr |
| 0.9 | S0V | Seaboard | PairCorr |
| 0.94 | 7LB | Lotus Bakeries NV | PairCorr |
| 0.85 | 6HW | BANK HANDLOWY | PairCorr |
| 0.88 | KEP1 | Keppel Limited | PairCorr |
| 0.92 | HKT | HK Electric Investments | PairCorr |
| 0.74 | NZR | NZ REFINING CO | PairCorr |
| 0.81 | CWT | Curtiss Wright | PairCorr |
| 0.85 | 4FO | Industrias Penoles Sab | PairCorr |
| 0.87 | TGE1 | MOBILEZONE N | PairCorr |
| 0.86 | HBC1 | HSBC Holdings plc | PairCorr |
| 0.81 | FV6 | EMMI N | PairCorr |
| 0.65 | UK8 | CubeSmart | PairCorr |
| 0.86 | HBC1 | HSBC HLDG | PairCorr |
| 0.94 | 2N8 | Global Net Lease | PairCorr |
| 0.91 | ASME | ASML Holding NV | PairCorr |
| 0.65 | K34 | Konecranes Plc | PairCorr |
| 0.84 | NPV | Nippon Carbon | PairCorr |
| 0.87 | CPA | Colgate Palmolive | PairCorr |
| 0.73 | ZNHH | China Southern Airlines | PairCorr |
| 0.9 | GPT | Genuine Parts Earnings Call Tomorrow | PairCorr |
| 0.65 | UWS | Waste Management | PairCorr |
| 0.61 | EMD | ENM Holdings Limited | PairCorr |
| 0.93 | OTP | OTP Bank Nyrt | PairCorr |
| 0.83 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.85 | NVPF | IRPC PCL NVDR | PairCorr |
| 0.7 | SJ3 | Sherwin Williams | PairCorr |
| 0.77 | 2SF | Sparebank 1 Ostlandet | PairCorr |
Moving against PriceSmart Stock
| 0.59 | BRH | Berkshire Hathaway | PairCorr |
| 0.5 | LSPP | Chocoladefabriken Lindt | PairCorr |
| 0.72 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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 PriceSmart Stock performing well and PriceSmart 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 PriceSmart'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PQ9 | 4.85 | 0.27 | 0.03 | 0.18 | 5.73 | 17.39 | 40.26 | |||
| PQ9 | 2.52 | 0.39 | 0.05 | (0.56) | 2.78 | 5.00 | 26.79 | |||
| PQ9 | 0.69 | 0.05 | 0.00 | 0.16 | 0.00 | 4.55 | 9.31 | |||
| PQ9 | 0.87 | 0.09 | 0.00 | (5.47) | 0.00 | 4.00 | 24.58 | |||
| BYRA | 1.29 | (0.22) | 0.00 | (0.39) | 0.00 | 5.00 | 35.71 | |||
| BYRA | 1.72 | 0.20 | 0.01 | (0.09) | 2.16 | 5.88 | 17.03 | |||
| BYRA | 4.14 | 0.38 | 0.04 | (0.35) | 4.34 | 11.11 | 26.67 | |||
| BYRA | 0.86 | (0.10) | 0.00 | (0.16) | 0.00 | 5.88 | 12.13 | |||
| BZG2 | 0.66 | (0.09) | 0.00 | (0.39) | 0.00 | 2.56 | 5.26 | |||
| BZG2 | 2.74 | (0.27) | 0.00 | 1.53 | 0.00 | 7.50 | 20.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PriceSmart 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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Aroon OscillatorAnalyze current equity momentum using Aroon Oscillator and other momentum ratios |
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PriceSmart Corporate Management
Elected by the shareholders, the PriceSmart's board of directors comprises two types of representatives: PriceSmart inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PriceSmart. The board's role is to monitor PriceSmart's management team and ensure that shareholders' interests are well served. PriceSmart'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, PriceSmart's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CPA CPA | CFO VP | Profile | |
| Brud Drachman | Construction Responsibility | Profile | |
| Juliana Correa | Marketing Membership | Profile | |
| William Naylon | Ex Officer | Profile | |
| Rodrigo Calvo | Executive Construction | Profile | |
| Catherine AlvarezSmith | VP Controlling | Profile | |
| Sherry Bahrambeygui | CEO Director | Profile |