ProConcept Marketing Correlations

LNTO Stock

USD 0.02 0 24.38%

The current 90-days correlation between ProConcept Marketing and Nobility Homes is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProConcept Marketing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProConcept Marketing Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProConcept Marketing Correlation With Market

Good diversification

The correlation between ProConcept Marketing Group and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProConcept Marketing Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ProConcept Marketing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ProConcept Marketing 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 ProConcept Marketing - 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 ProConcept Marketing Group to buy it.

Moving against ProConcept Pink Sheet

0.66	PBCRY	Bank Central Asia	Pair Corr
0.62	GGB	Gerdau SA ADR	Pair Corr
0.6	PPERY	Bank Mandiri Persero	Pair Corr
0.6	PBCRF	PT Bank Central	Pair Corr
0.55	BKRKF	PT Bank Rakyat	Pair Corr
0.48	SHG	Shinhan Financial	Pair Corr
0.31	MS	Morgan Stanley	Pair Corr
0.7	384802AD6	GRAINGER W W	Pair Corr
0.66	FR	First Industrial Realty	Pair Corr
0.58	CSCO	Cisco Systems	Pair Corr
0.58	MMM	3M Company	Pair Corr
0.58	DD	Dupont De Nemours	Pair Corr
0.47	JNJ	Johnson Johnson	Pair Corr
0.44	AXP	American Express	Pair Corr
0.43	CAT	Caterpillar	Pair Corr
0.37	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	NOBH	PKSGY	PAZRF	NNN	RRETY	TPH
NOBH		0.0	-0.74	-0.52	-0.5	-0.75	NOBH
PKSGY	0.0		0.0	0.0	0.0	0.0	PKSGY
PAZRF	-0.74	0.0		0.42	0.52	0.61	PAZRF
NNN	-0.52	0.0	0.42		0.3	0.7	NNN
RRETY	-0.5	0.0	0.52	0.3		0.16	RRETY
TPH	-0.75	0.0	0.61	0.7	0.16		TPH
	NOBH	PKSGY	PAZRF	NNN	RRETY	TPH

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

TPH	+ 0.7	NNN
TPH	+ 0.61	PAZRF
RRETY	+ 0.52	PAZRF
NNN	+ 0.42	PAZRF
RRETY	+ 0.3	NNN
TPH	+ 0.16	RRETY

High negative correlations

TPH	- 0.75	NOBH
PAZRF	- 0.74	NOBH
NNN	- 0.52	NOBH
RRETY	- 0.5	NOBH
TPH	- 0.0	PKSGY
RRETY	- 0.0	PKSGY

Risk-Adjusted Indicators

There is a big difference between ProConcept Pink Sheet performing well and ProConcept Marketing 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 ProConcept Marketing'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
NOBH	1.00	0.19	0.03	(0.42)	1.72	(2.70)	4.31	(1.08)	17.68
PKSGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAZRF	0.61	(0.05)	0.00	(0.13)	0.00	0.00	1.71	(2.69)	6.78
NNN	0.75	(0.05)	0.00	(0.09)	0.00	0.00	1.73	(1.31)	4.89
RRETY	0.36	(0.21)	0.00	(0.44)	0.00	0.00	0.00	0.00	11.97
TPH	1.38	(0.12)	0.00	(0.04)	0.00	0.00	3.65	(3.00)	8.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in ProConcept Marketing 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.

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