PTL Correlations

PTLE Stock

2.41 0.13 5.12%

The current 90-days correlation between PTL LTD Ordinary and Philip Morris International is -0.09 (i.e., Good diversification). The correlation of PTL 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.

PTL Correlation With Market

Good diversification

The correlation between PTL LTD Ordinary and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PTL LTD Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PTL LTD Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against PTL Stock

0.67	VLO	Valero Energy	Pair Corr
0.6	MPC	Marathon Petroleum Corp	Pair Corr
0.59	IEP	Icahn Enterprises	Pair Corr
0.58	UGP	Ultrapar Participacoes	Pair Corr
0.55	PBF	PBF Energy	Pair Corr
0.49	DINO	HF Sinclair Corp	Pair Corr
0.47	PSX	Phillips 66	Pair Corr
0.41	SGU	Star Gas Partners Earnings Call This Week	Pair Corr
0.39	SUN	Sunoco LP	Pair Corr
0.31	WKC	World Kinect	Pair Corr
0.59	E	Eni SpA ADR	Pair Corr
0.46	CLNE	Clean Energy Fuels	Pair Corr
0.45	CSAN	Cosan SA ADR Buyout Trend	Pair Corr
0.44	EU	enCore Energy Corp	Pair Corr
0.41	HP	Helmerich and Payne	Pair Corr
0.41	NE	Noble plc	Pair Corr
0.4	NC	NACCO Industries	Pair Corr
0.52	EONR	EON Resources Symbol Change	Pair Corr
0.46	SU	Suncor Energy	Pair Corr
0.41	ENLC	EnLink Midstream LLC Sell-off Trend	Pair Corr
0.4	DWSN	Dawson Geophysical	Pair Corr

Related Correlations Analysis

	PM	SNDVF	IH	CCU	BTI	GCI	KDP	TPB
PM		0.48	-0.02	-0.17	0.06	-0.05	0.38	0.3	PM
SNDVF	0.48		0.38	-0.01	-0.46	-0.29	0.21	-0.36	SNDVF
IH	-0.02	0.38		0.26	-0.54	-0.06	0.31	-0.23	IH
CCU	-0.17	-0.01	0.26		0.21	-0.36	-0.26	0.25	CCU
BTI	0.06	-0.46	-0.54	0.21		-0.04	-0.18	0.36	BTI
GCI	-0.05	-0.29	-0.06	-0.36	-0.04		0.59	0.12	GCI
KDP	0.38	0.21	0.31	-0.26	-0.18	0.59		0.1	KDP
TPB	0.3	-0.36	-0.23	0.25	0.36	0.12	0.1		TPB
	PM	SNDVF	IH	CCU	BTI	GCI	KDP	TPB

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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

KDP	+ 0.59	GCI
SNDVF	+ 0.48	PM
KDP	+ 0.38	PM
IH	+ 0.38	SNDVF
TPB	+ 0.36	BTI
KDP	+ 0.31	IH

High negative correlations

BTI	- 0.54	IH
BTI	- 0.46	SNDVF
GCI	- 0.36	CCU
TPB	- 0.36	SNDVF
GCI	- 0.29	SNDVF
KDP	- 0.26	CCU

Risk-Adjusted Indicators

There is a big difference between PTL Stock performing well and PTL 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 PTL'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
PM	1.06	(0.02)	(0.04)	0.04	1.65	(0.96)	2.07	(1.67)	6.64
SNDVF	0.45	(0.07)	0.00	0.62	0.00	0.00	0.00	0.00	9.80
IH	2.01	(0.12)	0.00	(11.82)	0.00	0.00	4.76	(4.07)	14.31
CCU	0.98	0.18	0.07	3.71	1.00	(1.08)	1.76	(1.67)	6.40
BTI	0.73	0.20	0.16	0.72	0.52	(0.85)	1.81	(1.29)	5.60
GCI	2.38	0.00	(0.01)	0.10	3.13	(2.44)	4.41	(4.81)	15.50
KDP	0.93	(0.04)	0.00	(0.10)	0.00	0.00	1.66	(1.54)	6.30
TPB	1.68	0.44	0.17	2.06	1.57	(1.86)	4.75	(2.46)	11.30

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