Princeton Capital Correlations
| PIAC Stock | USD 0.06 0.01 8.33% |
The correlation of Princeton Capital 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Princeton Capital Correlation With Market
Good diversification
The correlation between Princeton Capital and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Princeton Capital and DJI in the same portfolio, assuming nothing else is changed.
Princeton |
The ability to find closely correlated positions to Princeton Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Princeton Capital 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 Princeton Capital - 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 Princeton Capital to buy it.
Moving together with Princeton Pink Sheet
Moving against Princeton Pink Sheet
| 0.64 | TLK | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.64 | EC | Ecopetrol SA ADR | PairCorr |
| 0.62 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
| 0.56 | IBM | International Business | PairCorr |
| 0.54 | CAT | Caterpillar | PairCorr |
| 0.53 | CSCO | Cisco Systems | PairCorr |
| 0.53 | PFE | Pfizer Inc Sell-off Trend | PairCorr |
| 0.51 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.48 | AA | Alcoa Corp | PairCorr |
| 0.47 | DIS | Walt Disney | PairCorr |
| 0.46 | JNJ | Johnson Johnson | PairCorr |
| 0.45 | MSFT | Microsoft Earnings Call This Week | PairCorr |
| 0.43 | AXP | American Express Sell-off Trend | PairCorr |
| 0.41 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.35 | TLKMF | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AHFCF | ||
| 0.0 | 0.06 | 0.27 | 0.09 | 0.03 | BLRZF | ||
| 0.0 | 0.06 | 0.68 | 0.82 | 0.82 | URNAF | ||
| 0.0 | 0.27 | 0.68 | 0.7 | 0.5 | GCAAF | ||
| 0.0 | 0.09 | 0.82 | 0.7 | 0.71 | PYCFF | ||
| 0.0 | 0.03 | 0.82 | 0.5 | 0.71 | ASXSF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Princeton Pink Sheet performing well and Princeton Capital 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 Princeton Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHFCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BLRZF | 31.29 | 12.50 | 0.00 | 1.81 | 0.00 | 0.00 | 1,096 | |||
| URNAF | 0.73 | 0.43 | 0.00 | (0.97) | 0.00 | 3.19 | 5.78 | |||
| GCAAF | 1.04 | (0.04) | (0.05) | 0.18 | 1.62 | 1.71 | 12.78 | |||
| PYCFF | 0.04 | (0.01) | 0.00 | 0.11 | 0.00 | 0.00 | 1.20 | |||
| ASXSF | 0.78 | 0.11 | 0.00 | 0.53 | 0.00 | 3.85 | 12.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Princeton Capital 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?
Run Equity Search Now
Equity SearchSearch for actively traded equities including funds and ETFs from over 30 global markets |
| All Next | Launch Module |