Thrace Plastics Correlations
| PLAT Stock | EUR 4.00 0.09 2.20% |
The correlation of Thrace Plastics 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thrace Plastics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thrace Plastics Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Thrace Plastics Holding and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thrace Plastics Holding and NYA in the same portfolio, assuming nothing else is changed.
Thrace |
The ability to find closely correlated positions to Thrace Plastics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thrace Plastics 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 Thrace Plastics - 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 Thrace Plastics Holding to buy it.
Moving together with Thrace Stock
| 0.86 | PAIR | E Pairis SA | PairCorr |
| 0.88 | MIG | Marfin Investment | PairCorr |
| 0.74 | PPC | Public Power | PairCorr |
| 0.89 | ELHA | Elvalhalcor Hellenic | PairCorr |
| 0.77 | INLOT | Intralot SA Integrated | PairCorr |
Moving against Thrace Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thrace Stock performing well and Thrace Plastics 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 Thrace Plastics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OPTRON | 1.65 | (0.31) | 0.00 | (0.20) | 0.00 | 7.14 | 18.15 | |||
| INLIF | 0.77 | (0.01) | 0.00 | 0.27 | 0.00 | 1.82 | 3.88 | |||
| DAIOS | 1.08 | 0.11 | 0.00 | 0.23 | 0.00 | 5.29 | 19.09 | |||
| FOODL | 1.43 | (0.17) | 0.00 | 3.59 | 0.00 | 5.26 | 10.53 | |||
| MIG | 1.29 | (0.21) | 0.00 | (1.55) | 0.00 | 2.44 | 6.83 | |||
| HTO | 1.14 | 0.16 | 0.07 | (0.84) | 1.19 | 2.95 | 6.69 | |||
| PROF | 1.65 | 0.19 | 0.09 | 0.44 | 1.65 | 4.03 | 9.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thrace Plastics 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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Thrace Plastics Corporate Management
Elected by the shareholders, the Thrace Plastics' board of directors comprises two types of representatives: Thrace Plastics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thrace. The board's role is to monitor Thrace Plastics' management team and ensure that shareholders' interests are well served. Thrace Plastics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Thrace Plastics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dimitrios Fragkou | Group Directors | Profile | |
| Michael Psarros | Risk Mang | Profile | |
| Lambros Apostolopoulos | Head Department | Profile | |
| Dimitrios Malamos | CEO Director | Profile | |
| Konstantinos Chalioris | Chairman Entrepreneur | Profile | |
| Ioannis Sideris | Chief Officer | Profile | |
| Evangelia Sideri | Officer Department | Profile |
Already Invested in Thrace Plastics Holding?
The danger of trading Thrace Plastics Holding is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Thrace Plastics is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Thrace Plastics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Thrace Plastics Holding is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Thrace Plastics Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Thrace Stock analysis
When running Thrace Plastics' price analysis, check to measure Thrace Plastics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Thrace Plastics is operating at the current time. Most of Thrace Plastics' value examination focuses on studying past and present price action to predict the probability of Thrace Plastics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thrace Plastics' price. Additionally, you may evaluate how the addition of Thrace Plastics to your portfolios can decrease your overall portfolio volatility.
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