PETRA DIAMONDS Related Correlations

FPO Stock

EUR 0.48 0.00 0.00%

Generate correlation matrix for PETRA DIAMONDS and other related equities to check the degree to which PETRA DIAMONDS price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for PETRA DIAMONDS. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in PETRA DIAMONDS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between PETRA DIAMONDS's value and its price as these two are different measures arrived at by different means. Investors typically determine if PETRA DIAMONDS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PETRA DIAMONDS's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	FV8	MOB	8G7	GPPB	CJH	PIJ	4JF
FV8		0.45	-0.22	0.0	-0.27	0.25	0.71	FV8
MOB	0.45		-0.13	0.0	0.01	0.54	0.42	MOB
8G7	-0.22	-0.13		0.0	0.03	-0.16	-0.07	8G7
GPPB	0.0	0.0	0.0		0.0	0.0	0.0	GPPB
CJH	-0.27	0.01	0.03	0.0		0.03	-0.32	CJH
PIJ	0.25	0.54	-0.16	0.0	0.03		0.32	PIJ
4JF	0.71	0.42	-0.07	0.0	-0.32	0.32		4JF
	FV8	MOB	8G7	GPPB	CJH	PIJ	4JF

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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

4JF	+ 0.71	FV8
PIJ	+ 0.54	MOB
MOB	+ 0.45	FV8
4JF	+ 0.42	MOB
4JF	+ 0.32	PIJ
PIJ	+ 0.25	FV8

High negative correlations

4JF	- 0.32	CJH
CJH	- 0.27	FV8
8G7	- 0.22	FV8
PIJ	- 0.16	8G7
8G7	- 0.13	MOB
4JF	- 0.07	8G7

Risk-Adjusted Indicators

There is a big difference between PETRA Stock performing well and PETRA DIAMONDS 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 PETRA DIAMONDS'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
FV8	1.77	0.12	0.03	0.45	1.92	(2.40)	4.07	(2.86)	15.47
MOB	0.88	(0.05)	0.00	0.32	0.00	0.00	2.06	(1.91)	8.18
8G7	1.06	0.09	0.00	(0.56)	0.00	0.00	0.00	0.00	30.00
GPPB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CJH	2.98	(0.19)	0.00	(0.18)	0.00	0.00	7.78	(5.64)	15.37
PIJ	2.51	0.26	0.02	(0.20)	3.98	(3.27)	4.48	(3.51)	38.37
4JF	2.07	0.34	0.07	(0.28)	2.02	(3.25)	4.30	(3.19)	12.64

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PETRA DIAMONDS Related Correlations

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