Picton Property Correlations
| PCTN Stock | 79.70 0.20 0.25% |
The current 90-days correlation between Picton Property Income and The Biotech Growth is 0.49 (i.e., Very weak diversification). The correlation of Picton Property 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.
Picton Property Correlation With Market
Good diversification
The correlation between Picton Property Income and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Picton Property Income and DJI in the same portfolio, assuming nothing else is changed.
Picton |
The ability to find closely correlated positions to Picton Property could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Picton Property 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 Picton Property - 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 Picton Property Income to buy it.
Moving together with Picton Stock
| 0.88 | DLN | Derwent London PLC | PairCorr |
| 0.95 | HMSO | Hammerson PLC | PairCorr |
| 0.94 | SUPR | Supermarket Income REIT | PairCorr |
| 0.79 | 0HRR | CVR Energy | PairCorr |
| 0.84 | NBB | Norman Broadbent Plc Split | PairCorr |
| 0.66 | 0QTI | Anima Holding SpA | PairCorr |
| 0.91 | 0IC8 | Dollar Tree | PairCorr |
| 0.9 | 0I9F | Digital Realty Trust | PairCorr |
| 0.77 | 0K7U | News Corp Cl | PairCorr |
| 0.75 | ICG | Intermediate Capital | PairCorr |
| 0.78 | 0GUX | Skandinaviska Enskilda | PairCorr |
| 0.83 | 0R0U | Coeur Mining | PairCorr |
| 0.81 | 0FF9 | Nordic Semiconductor ASA | PairCorr |
| 0.83 | 0M69 | OTP Bank Nyrt | PairCorr |
| 0.81 | 0R1A | Applied Materials | PairCorr |
| 0.82 | DEC | Diversified Energy | PairCorr |
| 0.82 | SLP | Sylvania Platinum | PairCorr |
| 0.92 | INSE | Inspired Plc | PairCorr |
| 0.85 | ARR | Aurora Investment Trust | PairCorr |
| 0.77 | BRFI | BlackRock Frontiers | PairCorr |
| 0.82 | 0RMV | TechnipFMC PLC | PairCorr |
| 0.79 | MGAM | Morgan Advanced Materials | PairCorr |
| 0.72 | 0P4F | Ford Motor | PairCorr |
| 0.72 | 0ROQ | Comet Holding AG | PairCorr |
| 0.89 | KAP | JSC National Atomic | PairCorr |
| 0.73 | SBID | State Bank | PairCorr |
| 0.84 | SHIP | Tufton Oceanic Assets | PairCorr |
Related Correlations Analysis
| 0.48 | 0.46 | 0.5 | 0.49 | 0.5 | 0.45 | BIOG | ||
| 0.48 | 0.52 | 0.94 | 0.81 | 0.71 | 0.84 | APTD | ||
| 0.46 | 0.52 | 0.61 | 0.72 | 0.71 | 0.57 | 0K50 | ||
| 0.5 | 0.94 | 0.61 | 0.9 | 0.82 | 0.93 | 0R2T | ||
| 0.49 | 0.81 | 0.72 | 0.9 | 0.84 | 0.89 | 0L3H | ||
| 0.5 | 0.71 | 0.71 | 0.82 | 0.84 | 0.79 | XSG | ||
| 0.45 | 0.84 | 0.57 | 0.93 | 0.89 | 0.79 | 0R2N | ||
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Risk-Adjusted Indicators
There is a big difference between Picton Stock performing well and Picton Property 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 Picton Property'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BIOG | 1.57 | 0.01 | (0.04) | (0.03) | 2.51 | 3.23 | 10.73 | |||
| APTD | 1.76 | 0.28 | 0.08 | 1.93 | 2.00 | 4.30 | 15.67 | |||
| 0K50 | 1.04 | 0.20 | 0.05 | 7.78 | 0.91 | 3.74 | 7.75 | |||
| 0R2T | 2.73 | 0.43 | 0.10 | 0.35 | 4.09 | 6.40 | 22.13 | |||
| 0L3H | 1.15 | 0.28 | 0.16 | 0.77 | 1.09 | 3.40 | 7.97 | |||
| XSG | 2.58 | 0.43 | 0.06 | 4.21 | 2.74 | 7.69 | 25.58 | |||
| 0R2N | 1.40 | 0.09 | 0.02 | 0.21 | 3.30 | 2.52 | 17.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Picton Property 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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