Safe Mix Correlations

SMCPL Stock

44.48 0.51 1.13%

The current 90-days correlation between Safe Mix Concrete and Maple Leaf Cement is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Safe Mix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Safe Mix Concrete moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Safe Mix Correlation With Market

Very weak diversification

The correlation between Safe Mix Concrete and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Safe Mix Concrete and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Safe Stock

0.87	PIBTL-CFEB	Pak IntBulk	Pair Corr
0.82	NATF	National Foods	Pair Corr
0.72	POL	Pakistan Oilfields	Pair Corr
0.78	ATIL	Atlas Insurance	Pair Corr
0.77	PPL-CFEB	Pak Petroleum	Pair Corr
0.76	JSML	Jauharabad Sugar Mills	Pair Corr
0.77	ZAL-CFEB	Zarea Limited	Pair Corr
0.8	PTC	Pakistan Telecommunicatio	Pair Corr
0.78	ATLH	Atlas Honda	Pair Corr
0.8	MEBL	Meezan Bank	Pair Corr
0.77	PSYL	Pakistan Synthetics	Pair Corr
0.67	HTL	Hi Tech Lubricants	Pair Corr
0.78	CSAP	Crescent Steel Allied	Pair Corr
0.62	NCPL	Nishat Chunian Power	Pair Corr
0.63	MTL	Millat Tractors	Pair Corr
0.88	AICL	Adamjee Insurance	Pair Corr
0.77	AGP	AGP	Pair Corr
0.77	CSAP-CFEB	Crescent Steel	Pair Corr
0.63	HMB	Habib Metropolitan Bank	Pair Corr
0.84	PAKRI	Pakistan Reinsurance	Pair Corr
0.61	ILP	Interloop	Pair Corr

Moving against Safe Stock

0.43

BAFS

Baba Farid Sugar

Pair Corr

Related Correlations Analysis

	AIRLINK-CMAR	JSML	POL	ILP	TCORPCPS	AICL	NRL	ZAL-CFEB	FCCL	MLCF
AIRLINK-CMAR		0.88	0.76	0.61	-0.13	0.88	0.61	0.67	0.65	0.36	AIRLINK-CMAR
JSML	0.88		0.67	0.62	-0.03	0.86	0.48	0.65	0.72	0.49	JSML
POL	0.76	0.67		0.7	0.12	0.82	0.45	0.73	0.44	0.12	POL
ILP	0.61	0.62	0.7		0.43	0.72	0.19	0.8	0.29	0.01	ILP
TCORPCPS	-0.13	-0.03	0.12	0.43		0.04	-0.63	0.23	-0.28	-0.35	TCORPCPS
AICL	0.88	0.86	0.82	0.72	0.04		0.5	0.87	0.61	0.31	AICL
NRL	0.61	0.48	0.45	0.19	-0.63	0.5		0.27	0.66	0.53	NRL
ZAL-CFEB	0.67	0.65	0.73	0.8	0.23	0.87	0.27		0.26	-0.04	ZAL-CFEB
FCCL	0.65	0.72	0.44	0.29	-0.28	0.61	0.66	0.26		0.83	FCCL
MLCF	0.36	0.49	0.12	0.01	-0.35	0.31	0.53	-0.04	0.83		MLCF
	AIRLINK-CMAR	JSML	POL	ILP	TCORPCPS	AICL	NRL	ZAL-CFEB	FCCL	MLCF

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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

JSML	+ 0.88	AIRLINK-CMAR
AICL	+ 0.88	AIRLINK-CMAR
ZAL-CFEB	+ 0.87	AICL
AICL	+ 0.86	JSML
MLCF	+ 0.83	FCCL
AICL	+ 0.82	POL

High negative correlations

NRL	- 0.63	TCORPCPS
MLCF	- 0.35	TCORPCPS
FCCL	- 0.28	TCORPCPS
TCORPCPS	- 0.13	AIRLINK-CMAR
MLCF	- 0.04	ZAL-CFEB
TCORPCPS	- 0.03	JSML

Risk-Adjusted Indicators

There is a big difference between Safe Stock performing well and Safe Mix 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 Safe Mix'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
AIRLINK-CMAR	1.54	(0.17)	0.00	(0.64)	0.00	0.00	2.49	(3.10)	14.57
JSML	2.09	0.21	0.04	(1.58)	2.63	(2.12)	4.43	(3.27)	17.99
POL	0.82	0.01	(0.06)	0.13	0.97	(0.89)	2.21	(1.55)	10.06
ILP	1.57	0.06	0.01	0.20	1.83	(1.79)	3.37	(3.59)	15.36
TCORPCPS	4.82	1.47	0.20	(1.94)	4.54	(6.14)	10.03	(9.63)	21.15
AICL	2.49	0.05	(0.01)	0.33	2.69	(3.13)	5.95	(3.97)	18.13
NRL	2.05	(0.48)	0.00	(0.56)	0.00	0.00	4.04	(4.73)	16.21
ZAL-CFEB	2.73	0.24	0.03	(0.26)	3.07	(3.35)	9.95	(5.50)	19.86
FCCL	1.37	(0.06)	0.00	0.30	0.00	0.00	2.39	(3.07)	9.28
MLCF	2.05	(0.13)	0.00	(0.52)	0.00	0.00	4.67	(5.51)	17.22

Safe Mix Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Safe Mix stock to make a market-neutral strategy. Peer analysis of Safe Mix could also be used in its relative valuation, which is a method of valuing Safe Mix by comparing valuation metrics with similar companies.

Air Link Commun Jauharabad Sugar Mills Pakistan Oilfields Interloop Tariq CorpPref Adamjee Insurance National Refinery Zarea Limited Fauji Cement Maple Leaf Cement American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

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