PTT Public Correlations

PUTRF Stock

USD 0.86 0.00 0.00%

The current 90-days correlation between PTT Public and Repsol SA is -0.07 (i.e., Good diversification). The correlation of PTT Public 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.

PTT Public Correlation With Market

Significant diversification

The correlation between PTT Public and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PTT Public and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with PTT Pink Sheet

0.77

VTMLF

Venture Minerals

Pair Corr

Moving against PTT Pink Sheet

0.8	PETR4	Petrleo Brasileiro	Pair Corr
0.68	BRK-A	Berkshire Hathaway	Pair Corr
0.65	BRK-B	Berkshire Hathaway	Pair Corr
0.58	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.52	TTFNF	TotalEnergies SE	Pair Corr
0.5	TTE	TotalEnergies SE ADR	Pair Corr
0.42	PCCYF	PetroChina	Pair Corr
0.42	HYMTF	Hyundai Motor	Pair Corr
0.67	CUTLF	Canadian Utilities	Pair Corr
0.6	LSBK	Lake Shore Bancorp	Pair Corr
0.6	FUSB	First Bancshares	Pair Corr
0.45	SPGI	SP Global	Pair Corr
0.41	NWWCF	New China Life	Pair Corr
0.36	MS-PQ	Morgan Stanley	Pair Corr
0.66	LMND	Lemonade	Pair Corr
0.64	LVS	Las Vegas Sands	Pair Corr
0.61	ACRE	Ares Commercial Real	Pair Corr
0.58	CAH	Cardinal Health	Pair Corr
0.57	CDNA	CareDx Inc	Pair Corr
0.56	TEVJF	Teva Pharmaceutical	Pair Corr

Related Correlations Analysis

	REPYY	REPYF	PSKOF	TCANF	IPXHY	CCOZF	IPXHF	GLPEY	PTXLF	OMVJF
REPYY		0.8	0.71	0.0	0.73	0.44	0.23	0.28	-0.59	0.41	REPYY
REPYF	0.8		0.67	0.0	0.71	0.37	0.39	0.23	-0.71	0.37	REPYF
PSKOF	0.71	0.67		0.0	0.91	0.42	0.58	-0.11	-0.88	0.23	PSKOF
TCANF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TCANF
IPXHY	0.73	0.71	0.91	0.0		0.42	0.61	-0.11	-0.92	0.32	IPXHY
CCOZF	0.44	0.37	0.42	0.0	0.42		-0.16	0.28	-0.4	-0.2	CCOZF
IPXHF	0.23	0.39	0.58	0.0	0.61	-0.16		-0.39	-0.72	0.4	IPXHF
GLPEY	0.28	0.23	-0.11	0.0	-0.11	0.28	-0.39		0.18	-0.26	GLPEY
PTXLF	-0.59	-0.71	-0.88	0.0	-0.92	-0.4	-0.72	0.18		-0.28	PTXLF
OMVJF	0.41	0.37	0.23	0.0	0.32	-0.2	0.4	-0.26	-0.28		OMVJF
	REPYY	REPYF	PSKOF	TCANF	IPXHY	CCOZF	IPXHF	GLPEY	PTXLF	OMVJF

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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

IPXHY	+ 0.91	PSKOF
REPYF	+ 0.8	REPYY
IPXHY	+ 0.73	REPYY
PSKOF	+ 0.71	REPYY
IPXHY	+ 0.71	REPYF
PSKOF	+ 0.67	REPYF

High negative correlations

PTXLF	- 0.92	IPXHY
PTXLF	- 0.88	PSKOF
PTXLF	- 0.72	IPXHF
PTXLF	- 0.71	REPYF
PTXLF	- 0.59	REPYY
PTXLF	- 0.4	CCOZF

Risk-Adjusted Indicators

There is a big difference between PTT Pink Sheet performing well and PTT Public 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 PTT Public'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
REPYY	1.14	0.05	(0.01)	0.34	1.43	(1.21)	2.52	(2.86)	6.94
REPYF	0.89	0.06	(0.01)	(0.18)	1.21	(3.33)	3.77	(2.68)	12.12
PSKOF	0.51	0.22	0.00	3.66	0.00	0.00	0.00	0.00	17.79
TCANF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPXHY	1.29	0.10	0.04	0.28	1.65	(1.37)	2.67	(2.17)	8.11
CCOZF	0.64	0.11	0.00	(0.11)	0.00	0.00	0.00	0.00	13.80
IPXHF	1.38	0.41	0.00	4.81	0.00	0.00	0.00	0.00	38.12
GLPEY	1.38	(0.23)	0.00	(0.36)	0.00	0.00	2.70	(2.83)	17.93
PTXLF	0.57	(0.28)	0.00	(0.61)	0.00	0.00	0.00	(3.70)	6.59
OMVJF	0.38	0.01	(0.04)	0.00	0.64	(2.52)	1.34	(1.41)	6.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in PTT Public 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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