PFA Invest Related Correlations

PFIBAB Stock  DKK 126.06  5.98  0.00%   
Generate correlation matrix for PFA Invest and other related equities to check the degree to which PFA Invest Balance 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 PFA Invest Balance. To filter out specific equities, please toggle its corresponding legend item. 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 nation.
Please note, there is a significant difference between PFA Invest's value and its price as these two are different measures arrived at by different means. Investors typically determine if PFA Invest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PFA Invest'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

NORTHM
FPIMME
NTG
PARKEN
KRE
BAIVGAA
RILBA
NORTHM
-0.030.43-0.06-0.37-0.140.21
NORTHM
FPIMME
-0.03-0.53-0.90.810.940.94
FPIMME
NTG
0.43-0.530.49-0.82-0.55-0.4
NTG
PARKEN
-0.06-0.90.49-0.74-0.83-0.9
PARKEN
KRE
-0.370.81-0.82-0.740.780.68
KRE
BAIVGAA
-0.140.94-0.55-0.830.780.9
BAIVGAA
RILBA
0.210.94-0.4-0.90.680.9
RILBA
NORTHM
FPIMME
NTG
PARKEN
KRE
BAIVGAA
RILBA
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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   
BAIVGAAFPIMME
RILBAFPIMME
RILBABAIVGAA
KREFPIMME
BAIVGAAKRE
RILBAKRE
  
High negative correlations   
RILBAPARKEN
PARKENFPIMME
BAIVGAAPARKEN
KRENTG
KREPARKEN
BAIVGAANTG

Risk-Adjusted Indicators

There is a big difference between PFA Stock performing well and PFA Invest 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 PFA Invest'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.