Pingtan Marine Correlations

Summary

PMEDelisted Stock

USD 0.27 0.00 0.00%

The correlation of Pingtan Marine 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 Pingtan Marine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pingtan Marine Enterprise 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.

Good diversification

The correlation between Pingtan Marine Enterprise and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pingtan Marine Enterprise and NYA in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

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

Moving together with Pingtan Stock

0.68	AMPH	Amphastar P Financial Report 14th of May 2024	Pair Corr
0.68	BA	Boeing Financial Report 24th of July 2024	Pair Corr

Moving against Pingtan Stock

0.76	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.75	GE	GE Aerospace Financial Report 23rd of July 2024	Pair Corr
0.73	KNTK	Kinetik Holdings Earnings Call This Week	Pair Corr
0.73	CSL	Carlisle Companies	Pair Corr
0.73	AXP	American Express Financial Report 19th of July 2024	Pair Corr
0.66	MRLWF	Marlowe plc	Pair Corr
0.66	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.65	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.52	GOOD	Gladstone Commercial Earnings Call This Week	Pair Corr
0.46	PCGU	PGE Corp	Pair Corr

Related Correlations Analysis

	WNCP	PRMW	OTLY	FIZZ	NAPA	BDN	APAM	UVSP
WNCP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	WNCP
PRMW	0.0		-0.59	-0.47	-0.42	0.72	0.39	0.03	PRMW
OTLY	0.0	-0.59		0.44	0.39	-0.39	-0.3	0.35	OTLY
FIZZ	0.0	-0.47	0.44		0.82	-0.49	0.31	-0.01	FIZZ
NAPA	0.0	-0.42	0.39	0.82		-0.42	0.29	-0.01	NAPA
BDN	0.0	0.72	-0.39	-0.49	-0.42		0.35	0.41	BDN
APAM	0.0	0.39	-0.3	0.31	0.29	0.35		-0.12	APAM
UVSP	0.0	0.03	0.35	-0.01	-0.01	0.41	-0.12		UVSP
	WNCP	PRMW	OTLY	FIZZ	NAPA	BDN	APAM	UVSP

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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

NAPA	+ 0.82	FIZZ
BDN	+ 0.72	PRMW
FIZZ	+ 0.44	OTLY
UVSP	+ 0.41	BDN
APAM	+ 0.39	PRMW
NAPA	+ 0.39	OTLY

High negative correlations

OTLY	- 0.59	PRMW
BDN	- 0.49	FIZZ
FIZZ	- 0.47	PRMW
BDN	- 0.42	NAPA
NAPA	- 0.42	PRMW
BDN	- 0.39	OTLY

Risk-Adjusted Indicators

There is a big difference between Pingtan Stock performing well and Pingtan Marine 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 Pingtan Marine'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
WNCP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRMW	1.02	0.36	0.33	0.33	0.63	(1.21)	2.96	(1.14)	5.35
OTLY	3.31	0.13	0.02	0.42	3.91	(3.80)	11.22	(6.45)	22.76
FIZZ	1.20	(0.03)	(0.04)	(0.01)	1.32	(1.37)	2.79	(2.29)	7.21
NAPA	1.66	(0.11)	0.00	(0.26)	0.00	0.00	3.45	(3.96)	14.88
BDN	2.04	(0.11)	0.00	(0.01)	0.00	0.00	3.36	(5.37)	12.84
APAM	1.43	(0.06)	(0.01)	0.02	1.75	(1.57)	2.74	(2.83)	9.65
UVSP	1.64	(0.04)	0.00	0.02	2.05	(1.86)	4.56	(3.71)	10.20

Pingtan Marine Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Pingtan Marine stock to make a market-neutral strategy. Peer analysis of Pingtan Marine could also be used in its relative valuation, which is a method of valuing Pingtan Marine by comparing valuation metrics with similar companies.

Wineco Productions Primo Water Corp Oatly Group AB National Beverage Corp Duckhorn Portfolio Brandywine Realty Trust Artisan Partners Asset Univest Pennsylvania American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Pingtan Marine Corporate Directors

Pingtan Marine corporate directors refer to members of a Pingtan Marine board of directors. The board of directors generally takes responsibility for the Pingtan Marine's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Pingtan Marine's board members must vote for the resolution. The Pingtan Marine board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Lin Bao	Director	Profile
Lin Lin	Director	Profile
XingAn Lin	Director	Profile
Zengbiao Zhu	Director	Profile

Still Interested in Pingtan Marine Enterprise?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Other Consideration for investing in Pingtan Stock

If you are still planning to invest in Pingtan Marine Enterprise check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Pingtan Marine's history and understand the potential risks before investing.

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