Plutus Financial Correlations

PLUT Stock

3.25 0.14 4.13%

The current 90-days correlation between Plutus Financial and WT Offshore is -0.02 (i.e., Good diversification). The correlation of Plutus Financial 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.

Plutus Financial Correlation With Market

Average diversification

The correlation between Plutus Financial Group and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plutus Financial Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plutus Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving against Plutus Stock

0.55

MKTX

MarketAxess Holdings

Pair Corr

Related Correlations Analysis

	WTI	JUTOY	PLAY	NRRWF	ASO	NTES	MOD
WTI		0.71	0.88	-0.1	0.7	0.83	0.6	WTI
JUTOY	0.71		0.86	-0.54	0.7	0.64	0.37	JUTOY
PLAY	0.88	0.86		-0.39	0.79	0.85	0.56	PLAY
NRRWF	-0.1	-0.54	-0.39		-0.25	0.0	0.1	NRRWF
ASO	0.7	0.7	0.79	-0.25		0.77	0.67	ASO
NTES	0.83	0.64	0.85	0.0	0.77		0.64	NTES
MOD	0.6	0.37	0.56	0.1	0.67	0.64		MOD
	WTI	JUTOY	PLAY	NRRWF	ASO	NTES	MOD

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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

PLAY	+ 0.88	WTI
PLAY	+ 0.86	JUTOY
NTES	+ 0.85	PLAY
NTES	+ 0.83	WTI
ASO	+ 0.79	PLAY
NTES	+ 0.77	ASO

High negative correlations

NRRWF	- 0.54	JUTOY
NRRWF	- 0.39	PLAY
ASO	- 0.25	NRRWF
NRRWF	- 0.1	WTI
NTES	- 0.0	NRRWF

Risk-Adjusted Indicators

There is a big difference between Plutus Stock performing well and Plutus Financial 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 Plutus Financial'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
WTI	3.45	0.69	0.12	9.45	3.99	(3.96)	8.06	(6.78)	24.48
JUTOY	0.66	0.17	0.00	0.73	0.00	0.00	0.00	0.00	23.75
PLAY	3.13	0.69	0.26	0.61	2.34	(3.71)	9.24	(5.12)	22.98
NRRWF	1.81	0.09	(0.01)	(0.18)	3.22	(10.04)	10.74	(8.77)	34.11
ASO	2.01	0.35	0.22	0.31	1.66	(2.32)	5.24	(3.66)	23.42
NTES	1.39	0.42	0.28	0.78	0.94	(1.73)	2.85	(2.29)	17.19
MOD	2.32	0.12	0.08	0.19	3.19	(2.52)	6.57	(4.44)	18.74

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