Procter Gamble Related Correlations

PG Stock  ARS 11,772  44.00  0.38%   
Generate correlation matrix for Procter Gamble and other related equities to check the degree to which Procter Gamble DRC 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 Procter Gamble DRC. To filter out specific equities, please toggle its corresponding legend item. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procter Gamble DRC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
For information on how to trade Procter Stock refer to our How to Trade Procter Stock guide.
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Please note, there is a significant difference between Procter Gamble's value and its price as these two are different measures arrived at by different means. Investors typically determine if Procter Gamble is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Procter Gamble'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

TECO2
TRAN
X
GAMI
HMY
TGSU2
TECO2
0.830.68-0.180.40.86
TECO2
TRAN
0.830.7-0.030.130.93
TRAN
X
0.680.7-0.090.010.78
X
GAMI
-0.18-0.03-0.09-0.16-0.08
GAMI
HMY
0.40.130.01-0.160.28
HMY
TGSU2
0.860.930.78-0.080.28
TGSU2
TECO2
TRAN
X
GAMI
HMY
TGSU2
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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   
TGSU2TRAN
TGSU2TECO2
TRANTECO2
TGSU2X
XTRAN
XTECO2
  
High negative correlations   
GAMITECO2
HMYGAMI
GAMIX
TGSU2GAMI
GAMITRAN

Risk-Adjusted Indicators

There is a big difference between Procter Stock performing well and Procter Gamble 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 Procter Gamble'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.