Travis Perkins Correlations

TPRKY Stock

USD 7.74 0.05 0.64%

The correlation of Travis Perkins 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.

Travis Perkins Correlation With Market

Significant diversification

The correlation between Travis Perkins PLC and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Travis Perkins PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Travis Pink Sheet

0.75	TT	Trane Technologies plc	Pair Corr
0.69	JCI	Johnson Controls Int	Pair Corr
0.64	CARR	Carrier Global Corp	Pair Corr
0.69	CODGF	Compagnie de Saint	Pair Corr
0.74	ACN	Accenture plc Sell-off Trend	Pair Corr
0.64	DPSTF	Deutsche Post AG	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.63	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.72	DIS	Walt Disney	Pair Corr

Moving against Travis Pink Sheet

0.48	07274NBG7	BAYNGR 5 15	Pair Corr
0.68	FVR	FrontView REIT,	Pair Corr
0.33	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	APEUF	AEHL	ILAG	VIEW	TVPKF	AFIIQ	AWI	APOG	ROCK	AZEK
APEUF		0.24	0.52	0.0	0.0	0.0	0.41	0.15	0.29	0.69	APEUF
AEHL	0.24		0.35	0.0	0.0	0.0	0.22	0.67	0.21	0.29	AEHL
ILAG	0.52	0.35		0.0	0.0	0.0	0.6	-0.08	0.54	0.64	ILAG
VIEW	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	VIEW
TVPKF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TVPKF
AFIIQ	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	AFIIQ
AWI	0.41	0.22	0.6	0.0	0.0	0.0		-0.14	0.95	0.69	AWI
APOG	0.15	0.67	-0.08	0.0	0.0	0.0	-0.14		-0.1	0.17	APOG
ROCK	0.29	0.21	0.54	0.0	0.0	0.0	0.95	-0.1		0.62	ROCK
AZEK	0.69	0.29	0.64	0.0	0.0	0.0	0.69	0.17	0.62		AZEK
	APEUF	AEHL	ILAG	VIEW	TVPKF	AFIIQ	AWI	APOG	ROCK	AZEK

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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

ROCK	+ 0.95	AWI
AZEK	+ 0.69	APEUF
AZEK	+ 0.69	AWI
APOG	+ 0.67	AEHL
AZEK	+ 0.64	ILAG
AZEK	+ 0.62	ROCK

High negative correlations

APOG	- 0.14	AWI
ROCK	- 0.1	APOG
APOG	- 0.08	ILAG
AZEK	- 0.0	AFIIQ
ROCK	- 0.0	AFIIQ
APOG	- 0.0	AFIIQ

Risk-Adjusted Indicators

There is a big difference between Travis Pink Sheet performing well and Travis Perkins 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 Travis Perkins' 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
APEUF	1.96	0.03	(0.01)	0.17	1.76	(4.16)	6.15	(3.51)	14.35
AEHL	4.32	0.16	0.06	0.21	4.54	(4.76)	12.50	(7.84)	29.12
ILAG	4.94	0.71	0.11	0.44	6.13	(6.45)	10.64	(7.69)	52.34
VIEW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TVPKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFIIQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AWI	0.95	0.17	0.16	0.29	0.77	(1.15)	2.72	(1.84)	6.91
APOG	1.83	(0.24)	0.00	(0.09)	0.00	0.00	4.00	(3.25)	15.25
ROCK	1.58	0.09	0.08	0.19	1.61	(1.75)	3.40	(3.02)	9.45
AZEK	1.43	0.16	0.03	1.51	1.41	(1.81)	2.63	(2.43)	11.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Travis Perkins 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.

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Travis Perkins Corporate Management

Phil Tenney	Group Officer	Profile
Nicholas Roberts	CEO Director	Profile
Dean Pinner	Managing Keyline	Profile
Robin Miller	General Counsel, Company Secretary	Profile
Catherine Gibson	Managing CCF	Profile
Emma Rose	Group Director	Profile

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