Pingtan Marine Correlations

Summary

PMEDelisted Stock

USD 0.27 0.00 0.00%

The current 90-days correlation between Pingtan Marine Enterprise and Bt Brands is 0.03 (i.e., Significant diversification). The correlation of Pingtan Marine 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.

Pingtan Marine Correlation With Market

Good diversification

The correlation between Pingtan Marine Enterprise and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pingtan Marine Enterprise and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pingtan Stock

0.74	AFFL	Affiliated Resources Corp	Pair Corr
0.61	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against Pingtan Stock

0.73	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.71	CAT	Caterpillar Sell-off Trend	Pair Corr
0.69	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.64	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.64	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.63	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.56	WMT	Walmart	Pair Corr
0.48	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.45	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	TBVPY	SHAK	RICK	RHP	BTBD	DIN	DLTTF	OHTR
TBVPY		0.0	0.0	0.0	0.0	0.0	0.0	1.0	TBVPY
SHAK	0.0		0.84	0.8	-0.35	0.58	0.17	0.0	SHAK
RICK	0.0	0.84		0.7	-0.43	0.6	0.07	0.0	RICK
RHP	0.0	0.8	0.7		-0.25	0.62	0.29	0.0	RHP
BTBD	0.0	-0.35	-0.43	-0.25		-0.36	0.05	0.0	BTBD
DIN	0.0	0.58	0.6	0.62	-0.36		0.21	0.0	DIN
DLTTF	0.0	0.17	0.07	0.29	0.05	0.21		0.0	DLTTF
OHTR	1.0	0.0	0.0	0.0	0.0	0.0	0.0		OHTR
	TBVPY	SHAK	RICK	RHP	BTBD	DIN	DLTTF	OHTR

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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

OHTR	+ 1.0	TBVPY
RICK	+ 0.84	SHAK
RHP	+ 0.8	SHAK
RHP	+ 0.7	RICK
DIN	+ 0.62	RHP
DIN	+ 0.6	RICK

High negative correlations

BTBD	- 0.43	RICK
DIN	- 0.36	BTBD
BTBD	- 0.35	SHAK
BTBD	- 0.25	RHP
OHTR	- 0.0	DLTTF
OHTR	- 0.0	DIN

Risk-Adjusted Indicators

There is a big difference between Pingtan Stock performing well and Pingtan Marine 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 Pingtan Marine'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
TBVPY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHAK	1.69	0.30	0.20	0.37	1.32	(2.25)	5.02	(2.41)	11.94
RICK	1.54	0.09	0.11	0.14	1.27	(2.00)	3.64	(2.23)	11.15
RHP	1.01	0.08	0.09	0.16	0.82	(1.18)	1.94	(1.74)	7.06
BTBD	2.83	(0.02)	(0.01)	0.07	3.26	(3.67)	7.19	(6.13)	21.07
DIN	2.58	(0.05)	0.03	0.07	2.60	(2.93)	4.47	(4.39)	19.97
DLTTF	0.02	0.00	0.00	0.17	0.00	0.00	0.00	0.00	0.83
OHTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Pingtan Marine 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 Pingtan Marine stock to make a market-neutral strategy. Peer analysis of Pingtan Marine could also be used in its relative valuation, which is a method of valuing Pingtan Marine by comparing valuation metrics with similar companies.

Thai Beverage PCL Shake Shack RCI Hospitality Holdings Ryman Hospitality Properties Bt Brands Dine Brands Global Dalata Hotel Group Oasis Hotel Resort American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Pingtan Marine Enterprise?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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