Plus Tech Correlations

PTECH Stock

1.54 0.02 1.32%

The current 90-days correlation between Plus Tech Innovation and Kingsmen CMTI Public is -0.11 (i.e., Good diversification). The correlation of Plus Tech 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.

Plus Tech Correlation With Market

Significant diversification

The correlation between Plus Tech Innovation and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plus Tech Innovation and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Plus Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plus Tech 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 Plus Tech - 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 Plus Tech Innovation to buy it.

Moving against Plus Stock

0.65	ADD	AddTech Hub Public	Pair Corr
0.65	BTG	Betagro PCL	Pair Corr
0.6	PTT	PTT Public	Pair Corr
0.57	MBK	MBK Public	Pair Corr
0.53	PTTEP	PTT Exploration	Pair Corr
0.49	TKS	TKS Technologies Public	Pair Corr
0.4	BEYOND	Bound and Beyond	Pair Corr
0.37	AYUD	Allianz Ayudhya Capital	Pair Corr
0.37	ML	Mida Leasing Public	Pair Corr
0.33	BLA	Bangkok Life Assurance	Pair Corr
0.31	JSP	JSP Property Public	Pair Corr
0.59	NYT	Namyong Terminal PCL	Pair Corr
0.58	OSP	Osotspa Public	Pair Corr
0.57	SUPEREIF	Super Energy Power	Pair Corr
0.49	PL	Phatra Leasing Public	Pair Corr
0.45	VCOM	Vintcom Technology PCL	Pair Corr
0.42	TRC	TRC Construction Public	Pair Corr
0.41	STGT	Sri Trang Gloves	Pair Corr
0.41	CTW	Charoong Thai Wire	Pair Corr
0.37	TRT	Tirathai Public	Pair Corr
0.35	MFEC	MFEC PCL	Pair Corr
0.35	IRC	Inoue Rubber Public	Pair Corr

Related Correlations Analysis

	K	TRC	EMC	CAZ	SLP	TRITN	ATP30	MENA	PPM
K		-0.1	0.45	0.58	0.48	0.44	0.66	0.75	0.58	K
TRC	-0.1		-0.27	0.17	-0.03	-0.26	-0.32	0.04	-0.02	TRC
EMC	0.45	-0.27		0.47	0.61	0.2	0.46	0.6	0.62	EMC
CAZ	0.58	0.17	0.47		0.76	0.28	0.74	0.85	0.87	CAZ
SLP	0.48	-0.03	0.61	0.76		0.17	0.65	0.79	0.79	SLP
TRITN	0.44	-0.26	0.2	0.28	0.17		0.4	0.42	0.37	TRITN
ATP30	0.66	-0.32	0.46	0.74	0.65	0.4		0.77	0.68	ATP30
MENA	0.75	0.04	0.6	0.85	0.79	0.42	0.77		0.88	MENA
PPM	0.58	-0.02	0.62	0.87	0.79	0.37	0.68	0.88		PPM
	K	TRC	EMC	CAZ	SLP	TRITN	ATP30	MENA	PPM

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

PPM	+ 0.88	MENA
PPM	+ 0.87	CAZ
MENA	+ 0.85	CAZ
MENA	+ 0.79	SLP
PPM	+ 0.79	SLP
MENA	+ 0.77	ATP30

High negative correlations

ATP30	- 0.32	TRC
EMC	- 0.27	TRC
TRITN	- 0.26	TRC
TRC	- 0.1	K
SLP	- 0.03	TRC
PPM	- 0.02	TRC

Risk-Adjusted Indicators

There is a big difference between Plus Stock performing well and Plus Tech 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 Plus Tech'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
K	1.26	(0.19)	0.00	1.07	0.00	0.00	2.61	(2.70)	8.40
TRC	4.29	(0.02)	0.00	0.22	0.00	0.00	12.50	(8.51)	37.82
EMC	9.31	1.39	0.03	(0.48)	11.71	(39.58)	50.00	(33.33)	83.33
CAZ	1.81	(0.54)	0.00	(2.01)	0.00	0.00	3.57	(4.67)	26.97
SLP	2.27	(0.16)	0.00	0.54	0.00	0.00	5.41	(5.26)	13.45
TRITN	14.78	2.49	0.07	(2.45)	14.26	(43.06)	50.00	(33.33)	83.33
ATP30	0.99	(0.18)	0.00	(1.42)	0.00	0.00	2.30	(2.27)	5.84
MENA	1.33	(0.37)	0.00	16.98	0.00	0.00	2.56	(2.60)	8.01
PPM	2.00	(0.27)	0.00	0.51	0.00	0.00	4.44	(5.51)	13.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Plus Tech 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.

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