Poste Italiane Correlations

PITAF Stock

USD 27.00 0.63 2.39%

The correlation of Poste Italiane 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.

Poste Italiane Correlation With Market

Poor diversification

The correlation between Poste Italiane SpA and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poste Italiane SpA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Poste Pink Sheet

0.69	HON	Honeywell International	Pair Corr
0.64	MSBHF	Mitsubishi Corp Earnings Call This Week	Pair Corr
0.76	MITSY	Mitsui Company	Pair Corr
0.76	MITSF	Mitsui Co	Pair Corr
0.83	GOOG	Alphabet Class C Earnings Call Tomorrow	Pair Corr
0.65	TSM	Taiwan Semiconductor	Pair Corr
0.61	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr
0.75	MRK	Merck Company Aggressive Push	Pair Corr
0.68	MCD	McDonalds Earnings Call Next Week	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.79	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Moving against Poste Pink Sheet

0.78	MSFT	Microsoft	Pair Corr
0.51	MMM	3M Company	Pair Corr
0.31	AAPL	Apple Inc Sell-off Trend	Pair Corr
0.72	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	HALMY	HLMAF	JMHLY	JARLF	WEICF	GPOVF	CRWOF	ACSAF	MTRJF	KPELY
HALMY		0.87	0.57	0.59	0.41	0.21	-0.07	0.48	0.68	0.52	HALMY
HLMAF	0.87		0.71	0.69	0.49	0.45	-0.15	0.62	0.75	0.61	HLMAF
JMHLY	0.57	0.71		0.88	0.79	0.77	0.1	0.89	0.91	0.85	JMHLY
JARLF	0.59	0.69	0.88		0.74	0.76	0.05	0.84	0.9	0.79	JARLF
WEICF	0.41	0.49	0.79	0.74		0.62	0.39	0.73	0.69	0.87	WEICF
GPOVF	0.21	0.45	0.77	0.76	0.62		-0.08	0.77	0.74	0.64	GPOVF
CRWOF	-0.07	-0.15	0.1	0.05	0.39	-0.08		0.12	0.05	0.31	CRWOF
ACSAF	0.48	0.62	0.89	0.84	0.73	0.77	0.12		0.9	0.86	ACSAF
MTRJF	0.68	0.75	0.91	0.9	0.69	0.74	0.05	0.9		0.81	MTRJF
KPELY	0.52	0.61	0.85	0.79	0.87	0.64	0.31	0.86	0.81		KPELY
	HALMY	HLMAF	JMHLY	JARLF	WEICF	GPOVF	CRWOF	ACSAF	MTRJF	KPELY

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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

MTRJF	+ 0.91	JMHLY
MTRJF	+ 0.9	JARLF
MTRJF	+ 0.9	ACSAF
ACSAF	+ 0.89	JMHLY
JARLF	+ 0.88	JMHLY
HLMAF	+ 0.87	HALMY

High negative correlations

CRWOF	- 0.15	HLMAF
CRWOF	- 0.08	GPOVF
CRWOF	- 0.07	HALMY

Risk-Adjusted Indicators

There is a big difference between Poste Pink Sheet performing well and Poste Italiane 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 Poste Italiane'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
HALMY	1.26	0.02	0.01	0.07	1.42	(1.30)	2.08	(2.17)	10.77
HLMAF	1.86	0.07	0.01	(6.42)	2.37	(1.93)	3.54	(4.23)	16.08
JMHLY	1.53	0.36	0.17	1.11	1.58	(1.71)	3.60	(3.23)	11.55
JARLF	1.18	0.27	0.00	7.21	0.00	0.00	4.72	(3.79)	17.61
WEICF	3.07	0.98	0.26	(1.56)	2.59	(4.20)	6.75	(4.84)	37.32
GPOVF	0.13	0.06	0.00	(3.38)	0.00	0.00	0.00	0.00	2.90
CRWOF	0.54	0.07	0.00	0.16	0.00	0.00	2.04	0.00	13.62
ACSAF	1.26	0.55	0.00	(0.57)	0.00	0.00	7.33	0.00	22.58
MTRJF	0.57	0.27	0.00	0.94	0.00	0.00	0.00	0.00	12.06
KPELY	1.25	0.23	0.12	(3.87)	1.16	(1.50)	2.83	(2.04)	8.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Poste Italiane 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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Poste Italiane Corporate Management

Anna Sassano	Head Admin	Profile
Manlio Caporali	Head Purchasing	Profile
Antonio Nervi	Head Governance	Profile
Paolo Bruschi	Real Organization	Profile
Massimiliano Riggi	Head Relations	Profile
Massimo Rosini	Head Department	Profile
Giuseppe Cannizzaro	Head Affairs	Profile

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