Triangle Energy Correlations

626 Stock

0.0005 0.00 0.00%

The current 90-days correlation between Triangle Energy and USWE SPORTS AB is -0.06 (i.e., Good diversification). The correlation of Triangle Energy 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.

Triangle Energy Correlation With Market

Average diversification

The correlation between Triangle Energy Limited and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triangle Energy Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Triangle Stock

0.68	2RR	Alibaba Group Holding	Pair Corr
0.43	CRC	Canadian Natural Res	Pair Corr
0.43	EO5	EOG Resources	Pair Corr
0.41	OPC	Occidental Petroleum	Pair Corr
0.47	7JL	BALKAN MINING A	Pair Corr
0.43	QIA	QIAGEN NV Split	Pair Corr
0.31	ECJ	ECOLAB INC Earnings Call This Week	Pair Corr
0.41	UBK	UmweltBank AG	Pair Corr
0.37	NTH	NORTHROP GRUMMAN	Pair Corr

Related Correlations Analysis

	8II	CUW	VNX	45P	1HH	9GY	06S
8II		-0.06	-0.33	0.61	-0.75	0.33	0.45	8II
CUW	-0.06		0.41	-0.33	0.01	-0.33	-0.54	CUW
VNX	-0.33	0.41		-0.51	0.52	0.01	-0.69	VNX
45P	0.61	-0.33	-0.51		-0.72	0.33	0.76	45P
1HH	-0.75	0.01	0.52	-0.72		-0.34	-0.5	1HH
9GY	0.33	-0.33	0.01	0.33	-0.34		0.27	9GY
06S	0.45	-0.54	-0.69	0.76	-0.5	0.27		06S
	8II	CUW	VNX	45P	1HH	9GY	06S

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

06S	+ 0.76	45P
45P	+ 0.61	8II
1HH	+ 0.52	VNX
06S	+ 0.45	8II
VNX	+ 0.41	CUW
9GY	+ 0.33	8II

High negative correlations

1HH	- 0.75	8II
1HH	- 0.72	45P
06S	- 0.69	VNX
06S	- 0.54	CUW
45P	- 0.51	VNX
06S	- 0.5	1HH

Risk-Adjusted Indicators

There is a big difference between Triangle Stock performing well and Triangle Energy 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 Triangle Energy'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
8II	1.96	(0.13)	0.00	(0.28)	0.00	0.00	3.60	(4.21)	17.17
CUW	1.21	0.34	0.11	(0.64)	1.05	(2.66)	4.17	(2.48)	8.48
VNX	1.28	0.12	0.02	(2.07)	1.26	(2.05)	4.35	(2.25)	11.22
45P	3.27	(0.23)	0.00	1.55	0.00	0.00	8.16	(9.09)	65.61
1HH	3.84	0.42	0.08	12.83	4.01	(4.53)	8.80	(6.33)	24.61
9GY	2.09	(0.38)	0.00	36.60	0.00	0.00	4.10	(4.80)	18.43
06S	3.18	(0.92)	0.00	4.25	0.00	0.00	5.36	(5.85)	27.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Triangle Energy 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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Triangle Energy Corporate Management

Elected by the shareholders, the Triangle Energy's board of directors comprises two types of representatives: Triangle Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Triangle. The board's role is to monitor Triangle Energy's management team and ensure that shareholders' interests are well served. Triangle Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Triangle Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

Geraldine Holland	Joint Secretary	Profile
ACIS AGIA	Joint Secretary	Profile
Marvin Chan	Chief Officer	Profile
Rory McGoldrick	Chief Officer	Profile

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