Persimmon PLC Correlations
| PSMMFDelisted Stock | USD 17.56 0.00 0.00% |
The current 90-days correlation between Persimmon PLC and Berkeley Group Holdings is -0.18 (i.e., Good diversification). The correlation of Persimmon PLC 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.
Persimmon PLC Correlation With Market
Poor diversification
The correlation between Persimmon PLC and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Persimmon PLC and DJI in the same portfolio, assuming nothing else is changed.
Persimmon |
The ability to find closely correlated positions to Persimmon PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Persimmon PLC 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 Persimmon PLC - 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 Persimmon PLC to buy it.
Moving together with Persimmon Pink Sheet
| 0.62 | PHM | PulteGroup | PairCorr |
| 0.75 | TOL | Toll Brothers | PairCorr |
| 0.79 | SKHSY | Sekisui House Earnings Call This Week | PairCorr |
| 0.72 | SKHSF | Sekisui House | PairCorr |
| 0.82 | IBP | Installed Building Earnings Call Today | PairCorr |
| 0.89 | BCPC | Balchem | PairCorr |
| 0.78 | STLD | Steel Dynamics | PairCorr |
| 0.88 | MTNOF | MTN Group Limited | PairCorr |
| 0.88 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.85 | PNC | PNC Financial Services | PairCorr |
| 0.89 | FGBIP | First Guaranty Bancshares | PairCorr |
| 0.89 | JPM-PD | JPMorgan Chase | PairCorr |
| 0.83 | WGO | Winnebago Industries | PairCorr |
| 0.81 | SBFFF | SBM Offshore NV Earnings Call Tomorrow | PairCorr |
| 0.86 | FGFI | First Greenwich Financial | PairCorr |
| 0.8 | PAC | Grupo Aeroportuario del Downward Rally | PairCorr |
| 0.77 | FOXF | Fox Factory Holding Earnings Call Tomorrow | PairCorr |
| 0.72 | PILBF | Pilbara Minerals | PairCorr |
| 0.83 | MDDVF | Medical Developments | PairCorr |
| 0.89 | ELTLF | Elementos Limited | PairCorr |
| 0.84 | NPKI | NPK International | PairCorr |
| 0.85 | SYANY | Sydbank AS ADR | PairCorr |
| 0.73 | NEE-PN | Nextera Energy | PairCorr |
| 0.86 | GOLD | Gold Inc Symbol Change | PairCorr |
| 0.87 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.77 | JBLU | JetBlue Airways Corp | PairCorr |
Moving against Persimmon Pink Sheet
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 Persimmon Pink Sheet performing well and Persimmon PLC 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 Persimmon PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BKGFY | 1.51 | 0.18 | 0.09 | 0.27 | 1.79 | 3.48 | 7.94 | |||
| TWODF | 1.58 | 0.36 | 0.04 | (0.22) | 1.86 | 5.19 | 12.64 | |||
| TWODY | 1.14 | 0.23 | 0.12 | 0.77 | 1.22 | 2.44 | 7.54 | |||
| BLWYF | 0.08 | 0.01 | 0.00 | 0.21 | 0.00 | 0.00 | 2.78 | |||
| BKGFF | 0.63 | 0.28 | 0.00 | 0.96 | 0.00 | 0.00 | 2.38 | |||
| BLWYY | 0.12 | 0.02 | 0.00 | 2.22 | 0.00 | 0.00 | 4.12 | |||
| LNNGF | 1.74 | 0.59 | 0.00 | (0.84) | 0.00 | 6.34 | 34.10 | |||
| MNTHY | 2.03 | 0.40 | 0.07 | (0.59) | 2.11 | 6.34 | 22.40 | |||
| SHAOF | 7.98 | (3.86) | 0.00 | 1.52 | 0.00 | 0.00 | 263.54 | |||
| LFDJF | 0.84 | 0.15 | 0.00 | (0.25) | 0.00 | 2.06 | 8.37 |
Persimmon PLC 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 Persimmon PLC pink sheet to make a market-neutral strategy. Peer analysis of Persimmon PLC could also be used in its relative valuation, which is a method of valuing Persimmon PLC by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Persimmon PLC Corporate Management
| Jason Windsor | Chief Officer | Profile | |
| Peter Jordan | Group Director | Profile | |
| Duncan Davidson | Founder Pres | Profile | |
| Martyn Clark | Chief Officer | Profile | |
| Paul Hurst | UK Director | Profile | |
| ACA BSc | Group Director | Profile | |
| Tracy Davison | Company Secretary | Profile |
Still Interested in Persimmon PLC?
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.