PT Bank Correlations
| PBCRF Stock | USD 0.42 0.03 6.67% |
The current 90-days correlation between PT Bank Central and Western Alliance Bancorporation is 0.15 (i.e., Average diversification). The correlation of PT Bank 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.
PT Bank Correlation With Market
Significant diversification
The correlation between PT Bank Central and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Bank Central and DJI in the same portfolio, assuming nothing else is changed.
PBCRF |
The ability to find closely correlated positions to PT Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Bank 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 PT Bank - 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 PT Bank Central to buy it.
Moving together with PBCRF Pink Sheet
Moving against PBCRF Pink Sheet
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| 0.36 | BBAS3 | Banco do Brasil | PairCorr |
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| 0.7 | BE | Bloom Energy Corp Upward Rally | PairCorr |
| 0.66 | USM | United States Cellular Symbol Change | PairCorr |
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| 0.64 | STX | Seagate Technology PLC | PairCorr |
| 0.63 | TPC | Tutor Perini | PairCorr |
| 0.62 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.61 | IONQ | IONQ Inc Buyout Trend | PairCorr |
| 0.61 | FNMA | Federal National Mortgage | PairCorr |
| 0.6 | CDTX | Cidara Therapeutics | PairCorr |
| 0.6 | TVRD | Tvardi Therapeutics, Symbol Change | PairCorr |
| 0.57 | WFCF | Where Food Comes | PairCorr |
| 0.55 | NOC | Northrop Grumman Earnings Call This Week | PairCorr |
| 0.49 | TDY | Teledyne Technologies | PairCorr |
| 0.45 | WF | Woori Financial Group | PairCorr |
| 0.43 | SGLA | Sino Green Land | PairCorr |
| 0.32 | SHG | Shinhan Financial | PairCorr |
| 0.72 | EZPW | EZCORP Inc | PairCorr |
| 0.7 | UEC | Uranium Energy Corp Aggressive Push | PairCorr |
| 0.66 | GSL-PB | Global Ship Lease | PairCorr |
| 0.64 | UUUU | Energy Fuels Trending | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between PBCRF Pink Sheet performing well and PT Bank 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 PT Bank'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAL | 1.57 | (0.22) | 0.00 | (0.07) | 0.00 | 2.73 | 11.22 | |||
| ZION | 1.19 | (0.13) | 0.00 | (0.05) | 0.00 | 2.38 | 7.15 | |||
| KEY | 1.00 | (0.12) | 0.00 | (0.06) | 0.00 | 2.24 | 6.46 | |||
| FRCB | 70.90 | 27.46 | 0.50 | 13.90 | 41.85 | 200.00 | 493.81 | |||
| FHN | 1.12 | (0.01) | 0.00 | 0.01 | 1.50 | 2.51 | 5.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PT Bank 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.Did you try this?
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