Partner Communications Correlations
| PTNRDelisted Stock | USD 4.35 0.00 0.00% |
The current 90-days correlation between Partner Communications and Ralph Lauren Corp is -0.13 (i.e., Good diversification). The correlation of Partner Communications 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.
Partner Communications Correlation With Market
Significant diversification
The correlation between Partner Communications and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Partner Communications and DJI in the same portfolio, assuming nothing else is changed.
Partner |
Moving together with Partner Stock
| 0.84 | BKRKY | Bank Rakyat | PairCorr |
| 0.65 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.8 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.76 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.75 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.75 | PBCRY | Bank Central Asia | PairCorr |
Moving against Partner Stock
| 0.86 | MAR | Marriott International | PairCorr |
| 0.77 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.75 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.74 | TGTX | TG Therapeutics | PairCorr |
| 0.73 | BSIG | Brightsphere Investment | PairCorr |
| 0.72 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.7 | SAPMF | Saipem SpA | PairCorr |
| 0.7 | OBYCF | Obayashi | PairCorr |
| 0.64 | GM | General Motors | PairCorr |
| 0.63 | RCMT | RCM Technologies | PairCorr |
| 0.61 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.59 | SSNLF | Samsung Electronics | PairCorr |
| 0.58 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.58 | TRT | Trio Tech International | PairCorr |
| 0.53 | 784730AB9 | US784730AB94 | PairCorr |
| 0.53 | VATE | Innovate Corp | PairCorr |
| 0.52 | CTRN | Citi Trends | PairCorr |
| 0.46 | THCPU | Thunder Bridge Capital | PairCorr |
| 0.34 | AXTG | Axis Technologies | PairCorr |
| 0.32 | NETDU | Nabors Energy Transition | PairCorr |
| 0.84 | GLPPRB | Global Partners LP | PairCorr |
| 0.83 | AS | Amer Sports, | PairCorr |
| 0.81 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.8 | DASH | DoorDash, Class A | PairCorr |
| 0.79 | HUT | Hut 8 Corp | PairCorr |
| 0.79 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.79 | EVGR | Evergreen Corp | PairCorr |
| 0.77 | DMRC | Digimarc | PairCorr |
| 0.77 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
Related Correlations Analysis
| 0.57 | 0.36 | 0.32 | -0.43 | 0.71 | 0.86 | RL | ||
| 0.57 | 0.11 | -0.1 | -0.3 | 0.35 | 0.38 | UA | ||
| 0.36 | 0.11 | 0.46 | 0.34 | 0.44 | 0.41 | SKX | ||
| 0.32 | -0.1 | 0.46 | 0.0 | 0.22 | 0.6 | TLF | ||
| -0.43 | -0.3 | 0.34 | 0.0 | -0.12 | -0.44 | BOOT | ||
| 0.71 | 0.35 | 0.44 | 0.22 | -0.12 | 0.66 | BURL | ||
| 0.86 | 0.38 | 0.41 | 0.6 | -0.44 | 0.66 | LULU | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Partner Stock performing well and Partner Communications 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 Partner Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RL | 1.36 | 0.32 | 0.22 | 0.28 | 1.19 | 3.70 | 10.48 | |||
| UA | 2.33 | 0.11 | 0.03 | 0.42 | 2.98 | 4.10 | 35.20 | |||
| SKX | 1.73 | (0.02) | 0.00 | (0.49) | 0.00 | 4.48 | 9.65 | |||
| TLF | 1.61 | 0.28 | 0.13 | (0.77) | 1.38 | 3.17 | 23.47 | |||
| BOOT | 1.85 | (0.15) | 0.00 | (0.22) | 0.00 | 4.24 | 22.20 | |||
| BURL | 1.39 | 0.05 | 0.02 | 0.09 | 1.96 | 2.37 | 7.93 | |||
| LULU | 1.94 | 0.53 | 0.22 | 0.80 | 1.85 | 4.16 | 20.63 |
Partner Communications 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 Partner Communications stock to make a market-neutral strategy. Peer analysis of Partner Communications could also be used in its relative valuation, which is a method of valuing Partner Communications by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Partner Communications Corporate Management
| Yael Gaoni | VP Communications | Profile | |
| Avraham Gabbay | Chief Officer | Profile | |
| Sarit Hecht | Chief VP | Profile | |
| Ori Gal | VP Marketing | Profile | |
| Amir Adar | Head Projects | Profile | |
| Advocate Sharabi | Head Department | Profile | |
| Addie Koren | COO HR | Profile |
Still Interested in Partner Communications?
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.