Planet Image Correlations

YIBO Stock

1.49 0.08 5.10%

The current 90-days correlation between Planet Image Interna and Mesa Air Group is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Planet Image moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Image International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Planet Image Correlation With Market

Significant diversification

The correlation between Planet Image International and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Planet Image International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Planet Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Planet Image International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Planet Stock

0.64	DRVN	Driven Brands Holdings	Pair Corr
0.62	KAR	KAR Auction Services	Pair Corr
0.62	EVGOW	EVgo Equity Warrants	Pair Corr
0.63	J	Jacobs Solutions	Pair Corr
0.62	R	Ryder System	Pair Corr
0.74	AL	Air Lease	Pair Corr
0.63	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.69	BA	Boeing Aggressive Push	Pair Corr
0.76	BV	BrightView Holdings	Pair Corr
0.75	BZ	Kanzhun Ltd ADR	Pair Corr
0.75	CP	Canadian Pacific Railway	Pair Corr
0.62	CR	Crane Company	Pair Corr
0.71	DE	Deere Company	Pair Corr
0.72	FA	First Advantage Corp	Pair Corr
0.69	FC	Franklin Covey	Pair Corr
0.65	GE	GE Aerospace Earnings Call Next Week	Pair Corr
0.67	HY	Hyster Yale Materials	Pair Corr
0.7	IR	Ingersoll Rand	Pair Corr
0.67	KE	Kimball Electronics	Pair Corr
0.75	LZ	LegalZoom	Pair Corr
0.7	PH	Parker Hannifin	Pair Corr

Moving against Planet Stock

0.57	VIRC	Virco Manufacturing	Pair Corr
0.44	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.69	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	DRH-PA	ALGT	SNCY	RLJ-PA	UAL	MLCO	MESA	BH
DRH-PA		0.66	0.55	0.8	0.81	0.73	-0.54	0.81	DRH-PA
ALGT	0.66		0.91	0.74	0.9	0.73	-0.63	0.68	ALGT
SNCY	0.55	0.91		0.64	0.85	0.79	-0.65	0.65	SNCY
RLJ-PA	0.8	0.74	0.64		0.81	0.63	-0.37	0.63	RLJ-PA
UAL	0.81	0.9	0.85	0.81		0.79	-0.6	0.77	UAL
MLCO	0.73	0.73	0.79	0.63	0.79		-0.72	0.9	MLCO
MESA	-0.54	-0.63	-0.65	-0.37	-0.6	-0.72		-0.78	MESA
BH	0.81	0.68	0.65	0.63	0.77	0.9	-0.78		BH
	DRH-PA	ALGT	SNCY	RLJ-PA	UAL	MLCO	MESA	BH

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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

SNCY	+ 0.91	ALGT
UAL	+ 0.9	ALGT
BH	+ 0.9	MLCO
UAL	+ 0.85	SNCY
UAL	+ 0.81	DRH-PA
BH	+ 0.81	DRH-PA

High negative correlations

BH	- 0.78	MESA
MESA	- 0.72	MLCO
MESA	- 0.65	SNCY
MESA	- 0.63	ALGT
MESA	- 0.6	UAL
MESA	- 0.54	DRH-PA

Risk-Adjusted Indicators

There is a big difference between Planet Stock performing well and Planet Image 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 Planet Image'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
DRH-PA	0.40	0.07	(0.21)	1.16	0.46	(0.43)	0.91	(1.05)	3.54
ALGT	3.52	(0.28)	0.03	0.13	3.84	(4.00)	9.00	(7.38)	27.02
SNCY	3.27	(0.20)	0.05	0.16	3.64	(4.16)	7.42	(7.26)	32.42
RLJ-PA	0.58	0.03	(0.13)	0.38	0.90	(0.56)	1.56	(1.62)	4.47
UAL	2.88	0.08	0.13	0.26	3.03	(3.22)	6.11	(4.46)	37.55
MLCO	2.25	0.69	0.35	0.76	1.50	(2.88)	6.36	(3.74)	15.52
MESA	2.11	(0.32)	0.00	(0.09)	0.00	0.00	4.76	(3.92)	15.58
BH	1.73	0.42	0.18	0.80	1.61	(2.08)	5.16	(3.19)	12.72

Planet Image Corporate Executives

Elected by the shareholders, the Planet Image's board of directors comprises two types of representatives: Planet Image inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Planet. The board's role is to monitor Planet Image's management team and ensure that shareholders' interests are well served. Planet Image'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, Planet Image's outside directors are responsible for providing unbiased perspectives on the board's policies.

Weidong Gu

Founder Board

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