Piraeus Port Correlations
| PPA Stock | EUR 47.60 0.10 0.21% |
The current 90-days correlation between Piraeus Port Authority and Attica Holdings SA is 0.22 (i.e., Modest diversification). The correlation of Piraeus Port 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.
Piraeus Port Correlation With Market
Average diversification
The correlation between Piraeus Port Authority and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Piraeus Port Authority and DJI in the same portfolio, assuming nothing else is changed.
Piraeus |
The ability to find closely correlated positions to Piraeus Port could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Piraeus Port 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 Piraeus Port - 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 Piraeus Port Authority to buy it.
Moving together with Piraeus Stock
| 0.63 | EEE | Coca Cola HBC | PairCorr |
| 0.62 | PPC | Public Power | PairCorr |
| 0.85 | EUROB | Eurobank Ergasias | PairCorr |
| 0.69 | VIO | Viohalco SA | PairCorr |
| 0.86 | TPEIR | Piraeus Financial | PairCorr |
| 0.88 | ALPHA | Alpha Services | PairCorr |
| 0.86 | ETE | National Bank | PairCorr |
| 0.77 | MIG | Marfin Investment | PairCorr |
| 0.86 | AIA | ATHENS INTERNATIONAL | PairCorr |
| 0.86 | KRI | Kri Kri Milk | PairCorr |
| 0.87 | KTILA | Ktima Kostas Lazaridis | PairCorr |
| 0.68 | AVE | AVE SA | PairCorr |
| 0.61 | KEPEN | Flour Mills Kepenos | PairCorr |
| 0.84 | ASCO | As Commercial Industrial | PairCorr |
| 0.62 | INLIF | Interlife General | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Piraeus Stock performing well and Piraeus Port 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 Piraeus Port'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATTICA | 1.00 | (0.05) | (0.10) | (0.02) | 1.17 | 2.43 | 6.53 | |||
| PPA | 1.74 | 0.37 | 0.14 | 1.74 | 1.53 | 4.45 | 10.52 | |||
| OLTH | 1.50 | 0.22 | 0.06 | 1.62 | 1.72 | 5.43 | 12.18 | |||
| ETE | 1.50 | 0.52 | 0.27 | 2.15 | 1.04 | 3.53 | 9.58 | |||
| LEBEP | 1.56 | (0.02) | 0.00 | (0.61) | 0.00 | 5.00 | 20.05 | |||
| EUROB | 1.39 | 0.52 | 0.29 | 2.70 | 0.85 | 3.78 | 8.74 | |||
| VOSYS | 1.20 | 0.14 | (0.02) | (0.27) | 1.44 | 2.86 | 7.52 | |||
| ATRUST | 0.50 | 0.10 | (0.01) | 1.45 | 0.71 | 1.18 | 5.20 | |||
| SAR | 1.43 | 0.15 | 0.02 | 1.42 | 1.64 | 4.06 | 8.23 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Piraeus Port 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?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Piraeus Port Corporate Management
Elected by the shareholders, the Piraeus Port's board of directors comprises two types of representatives: Piraeus Port inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Piraeus. The board's role is to monitor Piraeus Port's management team and ensure that shareholders' interests are well served. Piraeus Port's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Piraeus Port's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ioannis Koukis | Financial Mang | Profile | |
| Weng Lin | Deputy Officer | Profile | |
| Anming Zhang | Acting Director | Profile | |
| Angelos Karakostas | Deputy Officer | Profile | |
| Jin Li | CFO Director | Profile | |
| Zeng Yu | Ex Directors | Profile |