Pacific Gas Correlations
| PCG-PD Preferred Stock | USD 18.16 0.14 0.77% |
The correlation of Pacific Gas 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pacific Gas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacific Gas and moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Pacific Gas and and NYA is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pacific Gas and and NYA in the same portfolio, assuming nothing else is changed.
Pacific |
The ability to find closely correlated positions to Pacific Gas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pacific Gas 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 Pacific Gas - 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 Pacific Gas and to buy it.
Related Correlations Analysis
| -0.16 | 0.07 | 0.46 | 0.43 | DUK-PA | ||
| -0.16 | 0.42 | -0.2 | -0.01 | PCG | ||
| 0.07 | 0.42 | -0.59 | 0.44 | SO | ||
| 0.46 | -0.2 | -0.59 | -0.03 | EBR-B | ||
| 0.43 | -0.01 | 0.44 | -0.03 | ETI-P | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pacific Preferred Stock performing well and Pacific Gas 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 Pacific Gas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DUK-PA | 0.39 | 0.00 | (0.13) | 0.16 | 0.55 | 0.81 | 2.87 | |||
| PCG | 0.97 | 0.05 | (0.02) | (1.26) | 1.34 | 1.87 | 6.16 | |||
| SO | 0.85 | 0.13 | 0.05 | 4.14 | 0.88 | 2.08 | 4.21 | |||
| EBR-B | 1.54 | (0.22) | 0.00 | (0.17) | 0.00 | 3.04 | 10.06 | |||
| ETI-P | 0.62 | 0.00 | (0.04) | 0.08 | 0.88 | 1.74 | 5.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pacific Gas 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?
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Pacific Gas Corporate Management
Elected by the shareholders, the Pacific Gas' board of directors comprises two types of representatives: Pacific Gas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pacific. The board's role is to monitor Pacific Gas' management team and ensure that shareholders' interests are well served. Pacific Gas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pacific Gas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Thomason | CFO VP | Profile | |
| Fong Wan | VP Procurement | Profile | |
| Stephen Cairns | VP Officer | Profile | |
| Adam Wright | COO Operation | Profile | |
| Joseph Forline | VP Operations | Profile | |
| Patricia Poppe | CEO Director | Profile | |
| Sumeet Singh | Chief VP | Profile |
Already Invested in Pacific Gas and?
The danger of trading Pacific Gas and is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Pacific Gas is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Pacific Gas. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Pacific Gas is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pacific Gas and. 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. Note that the Pacific Gas information on this page should be used as a complementary analysis to other Pacific Gas' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Pacific Preferred Stock analysis
When running Pacific Gas' price analysis, check to measure Pacific Gas' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pacific Gas is operating at the current time. Most of Pacific Gas' value examination focuses on studying past and present price action to predict the probability of Pacific Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Gas' price. Additionally, you may evaluate how the addition of Pacific Gas to your portfolios can decrease your overall portfolio volatility.
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