PostNL NV Correlations

TNTFF Stock

USD 1.14 0.00 0.00%

The correlation of PostNL NV 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.

PostNL NV Correlation With Market

Average diversification

The correlation between PostNL NV and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PostNL NV and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with PostNL Pink Sheet

0.7	UPS	United Parcel Service Sell-off Trend	Pair Corr
0.76	FDX	FedEx	Pair Corr
0.78	DPSTF	Deutsche Post AG	Pair Corr
0.86	DSDVF	DSV Panalpina AS	Pair Corr
0.87	DSDVY	DSV Panalpina AS	Pair Corr
0.82	KHNGF	Kuehne Nagel Interna	Pair Corr
0.87	KHNGY	Kuehne Nagel Interna	Pair Corr
0.73	EXPD	Expeditors International	Pair Corr
0.84	NGENF	NervGen Pharma Corp	Pair Corr
0.86	TLSI	TriSalus Life Sciences	Pair Corr
0.85	FCX	Freeport McMoran Copper Aggressive Push	Pair Corr
0.72	ADSE	Ads Tec Energy	Pair Corr
0.64	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.88	BNEFF	Bonterra Energy Corp	Pair Corr
0.81	LASR	nLIGHT Inc Tech Boost	Pair Corr
0.71	AGPPF	Anglo American Platinum	Pair Corr
0.63	TSLA	Tesla Inc	Pair Corr
0.72	ISUZY	Isuzu Motors	Pair Corr
0.81	MARUF	Marubeni	Pair Corr
0.72	DHC	Diversified Healthcare	Pair Corr
0.79	PLOW	Douglas Dynamics	Pair Corr
0.76	SGML	Sigma Lithium Resources Buyout Trend	Pair Corr

Moving against PostNL Pink Sheet

0.51	SFHOY	SF Holding	Pair Corr
0.46	GOOD	Gladstone Commercial	Pair Corr
0.5	GTVH	Golden Triangle Ventures	Pair Corr
0.42	ABVE	Above Food Ingredients	Pair Corr
0.82	87264ACQ6	TMUS 27 15	Pair Corr

Related Correlations Analysis

	BPOSY	GRDLY	TKFHY	RNRTY	SIUAF	ELLKY	INDHF	CBLNY	GLCDF	TSHMY
BPOSY		-0.14	-0.58	0.0	0.08	0.3	0.0	0.0	0.0	-0.09	BPOSY
GRDLY	-0.14		0.47	0.0	-0.13	-0.81	0.0	0.0	0.0	0.15	GRDLY
TKFHY	-0.58	0.47		0.0	-0.27	-0.57	0.0	0.0	0.0	0.31	TKFHY
RNRTY	0.0	0.0	0.0		0.0	0.0	1.0	1.0	1.0	0.0	RNRTY
SIUAF	0.08	-0.13	-0.27	0.0		0.16	0.0	0.0	0.0	-0.88	SIUAF
ELLKY	0.3	-0.81	-0.57	0.0	0.16		0.0	0.0	0.0	-0.18	ELLKY
INDHF	0.0	0.0	0.0	1.0	0.0	0.0		1.0	1.0	0.0	INDHF
CBLNY	0.0	0.0	0.0	1.0	0.0	0.0	1.0		1.0	0.0	CBLNY
GLCDF	0.0	0.0	0.0	1.0	0.0	0.0	1.0	1.0		0.0	GLCDF
TSHMY	-0.09	0.15	0.31	0.0	-0.88	-0.18	0.0	0.0	0.0		TSHMY
	BPOSY	GRDLY	TKFHY	RNRTY	SIUAF	ELLKY	INDHF	CBLNY	GLCDF	TSHMY

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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

INDHF	+ 1.0	RNRTY
CBLNY	+ 1.0	RNRTY
GLCDF	+ 1.0	RNRTY
CBLNY	+ 1.0	INDHF
GLCDF	+ 1.0	INDHF
GLCDF	+ 1.0	CBLNY

High negative correlations

TSHMY	- 0.88	SIUAF
ELLKY	- 0.81	GRDLY
TKFHY	- 0.58	BPOSY
ELLKY	- 0.57	TKFHY
SIUAF	- 0.27	TKFHY
TSHMY	- 0.18	ELLKY

Risk-Adjusted Indicators

There is a big difference between PostNL Pink Sheet performing well and PostNL NV 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 PostNL NV'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	Treynor Ratio	Potential Upside	Maximum Drawdown
BPOSY	0.59	0.03	(0.06)	2.17	15.98
GRDLY	0.38	0.20	(0.82)	0.00	12.78
TKFHY	0.19	0.08	1.23	0.00	6.27
RNRTY	0.00	0.00	0.00	0.00	0.00
SIUAF	0.26	(0.15)	(2.36)	0.00	8.69
ELLKY	2.25	(0.10)	0.29	0.48	58.14
INDHF	0.00	0.00	0.00	0.00	0.00
CBLNY	0.00	0.00	0.00	0.00	0.00
GLCDF	0.00	0.00	0.00	0.00	0.00
TSHMY	0.07	0.03	(3.94)	0.00	2.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in PostNL NV 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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PostNL NV Corporate Management

Hendrika Verhagen	Chairman CEO	Profile
Arno Bijnen	Director Segment	Profile
Ganendran Sarvananthan	Managing Partner	Profile
Mark Pell	Managing Arabia	Profile
Jochem Laarschot	Director Relations	Profile
Jeroen Veldstra	Director HR	Profile

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