Panther Metals Correlations

PALM Stock

62.50 2.50 4.17%

The current 90-days correlation between Panther Metals PLC and Aptitude Software Group is 0.02 (i.e., Significant diversification). The correlation of Panther Metals 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Panther Metals Correlation With Market

Good diversification

The correlation between Panther Metals PLC and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Panther Metals PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Panther Stock

0.75	MTL	Metals Exploration Plc	Pair Corr
0.93	STK	SURETRACK MON	Pair Corr
0.67	PCIP	PCI PAL PLC	Pair Corr
0.61	INDV	Indivior PLC	Pair Corr

Moving against Panther Stock

0.49	GSC	GS Chain PLC	Pair Corr
0.48	FARN	Faron Pharmaceuticals	Pair Corr
0.47	FXPO	Ferrexpo PLC	Pair Corr
0.33	SYME	SupplyMe Capital PLC	Pair Corr
0.32	AMRQ	Amaroq Minerals	Pair Corr

Related Correlations Analysis

	APTD	0QUS	0P5L	0LCX	0H30	PTEC	FLTR	AUTO
APTD		-0.09	0.8	0.81	-0.06	0.72	0.87	0.12	APTD
0QUS	-0.09		-0.03	0.03	-0.28	-0.3	0.01	-0.18	0QUS
0P5L	0.8	-0.03		0.85	0.04	0.75	0.83	0.4	0P5L
0LCX	0.81	0.03	0.85		-0.04	0.83	0.86	0.53	0LCX
0H30	-0.06	-0.28	0.04	-0.04		0.18	-0.09	0.37	0H30
PTEC	0.72	-0.3	0.75	0.83	0.18		0.82	0.59	PTEC
FLTR	0.87	0.01	0.83	0.86	-0.09	0.82		0.28	FLTR
AUTO	0.12	-0.18	0.4	0.53	0.37	0.59	0.28		AUTO
	APTD	0QUS	0P5L	0LCX	0H30	PTEC	FLTR	AUTO

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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

FLTR	+ 0.87	APTD
FLTR	+ 0.86	0LCX
0LCX	+ 0.85	0P5L
FLTR	+ 0.83	0P5L
PTEC	+ 0.83	0LCX
FLTR	+ 0.82	PTEC

High negative correlations

PTEC	- 0.3	0QUS
0H30	- 0.28	0QUS
AUTO	- 0.18	0QUS
FLTR	- 0.09	0H30
0QUS	- 0.09	APTD
0H30	- 0.06	APTD

Risk-Adjusted Indicators

There is a big difference between Panther Stock performing well and Panther Metals 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 Panther Metals' 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
APTD	1.76	0.28	0.08	1.93	2.00	(2.24)	4.30	(3.02)	15.67
0QUS	2.85	(0.07)	(0.02)	0.01	4.54	(3.27)	6.97	(9.05)	25.34
0P5L	1.41	0.32	0.10	0.89	1.46	(2.08)	5.06	(4.05)	10.31
0LCX	1.25	0.19	0.07	0.47	1.65	(1.26)	3.16	(2.56)	9.03
0H30	1.44	(0.06)	0.00	(0.80)	0.00	0.00	2.50	(4.02)	11.53
PTEC	1.58	0.41	0.21	2.15	1.25	(2.10)	4.76	(2.65)	9.73
FLTR	1.66	0.26	0.09	1.91	1.72	(2.00)	4.10	(2.85)	10.00
AUTO	1.09	0.15	0.01	(1.62)	2.41	(1.12)	2.12	(1.29)	14.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Panther Metals 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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