PunaMusta Media Correlations
| PUMU Stock | 1.38 0.04 2.82% |
The current 90-days correlation between PunaMusta Media Oyj and Tokmanni Group Oyj is 0.12 (i.e., Average diversification). The correlation of PunaMusta Media 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.
PunaMusta Media Correlation With Market
Average diversification
The correlation between PunaMusta Media Oyj and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PunaMusta Media Oyj and DJI in the same portfolio, assuming nothing else is changed.
PunaMusta |
The ability to find closely correlated positions to PunaMusta Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PunaMusta Media 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 PunaMusta Media - 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 PunaMusta Media Oyj to buy it.
Moving together with PunaMusta Stock
Related Correlations Analysis
| -0.35 | -0.23 | -0.2 | -0.2 | TOKMAN | ||
| -0.35 | 0.85 | 0.77 | 0.81 | KEMIRA | ||
| -0.23 | 0.85 | 0.7 | 0.76 | ELISA | ||
| -0.2 | 0.77 | 0.7 | 0.63 | VALMT | ||
| -0.2 | 0.81 | 0.76 | 0.63 | ORNBV | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between PunaMusta Stock performing well and PunaMusta Media 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 PunaMusta Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TOKMAN | 1.31 | 0.22 | 0.04 | (0.69) | 1.08 | 2.19 | 17.12 | |||
| KEMIRA | 1.04 | (0.25) | 0.00 | (2.82) | 0.00 | 2.44 | 6.37 | |||
| ELISA | 0.81 | (0.04) | 0.00 | 0.51 | 0.00 | 1.40 | 6.30 | |||
| VALMT | 1.30 | (0.21) | 0.00 | (0.97) | 0.00 | 2.30 | 19.45 | |||
| ORNBV | 0.96 | (0.09) | 0.00 | (1.49) | 0.00 | 1.88 | 10.95 |
PunaMusta Media 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 PunaMusta Media stock to make a market-neutral strategy. Peer analysis of PunaMusta Media could also be used in its relative valuation, which is a method of valuing PunaMusta Media by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PunaMusta Media Corporate Management
Elected by the shareholders, the PunaMusta Media's board of directors comprises two types of representatives: PunaMusta Media inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PunaMusta. The board's role is to monitor PunaMusta Media's management team and ensure that shareholders' interests are well served. PunaMusta Media'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, PunaMusta Media's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Miika Haavisto | Director Devel | Profile | |
| Mirka Lammi | Marketing Director | Profile | |
| Riitta Moilanen | Sec | Profile | |
| Raimo Puustinen | CEO Pres | Profile | |
| Pasi Koivumaa | VP Oy | Profile | |
| Arttu Sallinen | Chief Officer | Profile | |
| MSc MSc | VP Oy | Profile |