P10 Correlations

PX Stock

USD 11.69 0.06 0.51%

The correlation of P10 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. If the correlation is 0, the equities are not correlated; they are entirely random.

P10 Correlation With Market

Poor diversification

The correlation between P10 Inc and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding P10 Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in P10 Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with P10 Stock

0.86	BN	Brookfield Corp	Pair Corr
0.93	BX	Blackstone Group	Pair Corr
0.96	CG	Carlyle Group	Pair Corr
0.75	GS	Goldman Sachs Group	Pair Corr
0.74	LC	LendingClub Corp	Pair Corr
0.94	MC	Moelis	Pair Corr
0.91	MS	Morgan Stanley	Pair Corr
0.84	RC	Ready Capital Corp	Pair Corr
0.91	RM	Regional Management Corp	Pair Corr
0.96	SF	Stifel Financial	Pair Corr
0.63	WD	Walker Dunlop	Pair Corr
0.71	WT	WisdomTree	Pair Corr
0.83	VCTR	Victory Capital Holdings	Pair Corr
0.65	VRTS	Virtus Investment	Pair Corr
0.64	EARN	Ellington Residential	Pair Corr

Moving against P10 Stock

0.71	DB	Deutsche Bank AG	Pair Corr
0.71	LU	Lufax Holding	Pair Corr
0.6	LX	Lexinfintech Holdings	Pair Corr
0.59	DX	Dynex Capital	Pair Corr
0.68	TW	Tradeweb Markets	Pair Corr
0.65	DMYY	dMY Squared Technology	Pair Corr
0.59	WU	Western Union	Pair Corr
0.48	XP	Xp Inc	Pair Corr
0.73	DYCQ	DT Cloud Acquisition	Pair Corr
0.61	EMCG	Embrace Change Acqui	Pair Corr
0.54	GDSTW	Goldenstone Acquisition	Pair Corr
0.38	EMCGU	Embrace Change Acqui	Pair Corr
0.33	ANSCU	Agriculture Natural	Pair Corr
0.33	ANSCW	Agriculture Natural	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	BSIG	KTF	MUI	FOCS	MVF
FMN		0.82	-0.34	0.17	-0.45	0.0	0.89	-0.04	0.0	0.86	FMN
MYD	0.82		-0.17	0.13	-0.19	0.0	0.8	0.01	0.0	0.85	MYD
DHIL	-0.34	-0.17		-0.15	0.38	0.0	-0.32	0.2	0.0	-0.11	DHIL
NXG	0.17	0.13	-0.15		-0.1	0.0	-0.1	-0.1	0.0	0.09	NXG
FHI	-0.45	-0.19	0.38	-0.1		0.0	-0.3	-0.09	0.0	-0.2	FHI
BSIG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BSIG
KTF	0.89	0.8	-0.32	-0.1	-0.3	0.0		0.0	0.0	0.84	KTF
MUI	-0.04	0.01	0.2	-0.1	-0.09	0.0	0.0		0.0	-0.09	MUI
FOCS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FOCS
MVF	0.86	0.85	-0.11	0.09	-0.2	0.0	0.84	-0.09	0.0		MVF
	FMN	MYD	DHIL	NXG	FHI	BSIG	KTF	MUI	FOCS	MVF

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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

KTF	+ 0.89	FMN
MVF	+ 0.86	FMN
MVF	+ 0.85	MYD
MVF	+ 0.84	KTF
MYD	+ 0.82	FMN
KTF	+ 0.8	MYD

High negative correlations

FHI	- 0.45	FMN
DHIL	- 0.34	FMN
KTF	- 0.32	DHIL
KTF	- 0.3	FHI
MVF	- 0.2	FHI
FHI	- 0.19	MYD

Risk-Adjusted Indicators

There is a big difference between P10 Stock performing well and P10 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 P10'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
FMN	0.44	0.02	0.12	0.09	0.48	(0.49)	0.81	(0.72)	3.01
MYD	0.43	0.04	0.18	0.31	0.41	(0.50)	0.86	(0.76)	2.63
DHIL	0.85	(0.04)	0.00	(0.11)	0.00	0.00	1.64	(1.49)	5.26
NXG	1.35	0.08	0.05	0.17	2.35	(1.32)	2.82	(2.21)	13.11
FHI	0.94	0.05	0.05	0.02	1.25	(0.98)	2.08	(2.33)	6.23
BSIG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KTF	0.33	0.02	0.10	0.13	0.50	(0.34)	0.75	(0.74)	2.76
MUI	0.38	0.00	0.06	(0.04)	0.57	(0.48)	0.58	(1.40)	3.07
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MVF	0.53	0.00	0.06	(0.04)	0.70	(0.54)	1.12	(1.13)	2.96

P10 Corporate Management

Nell JD	Secretary	Profile
Robert Stewart	Independent Director	Profile
Richard Jensen	Executive MA	Profile
Scott Gwilliam	Director	Profile
Tarra Thompson	HR Mang	Profile
Travis Barnes	Independent Director	Profile

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