TFF Correlations
| FRFTF Stock | USD 20.70 0.00 0.00% |
The correlation of TFF 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.
TFF Correlation With Market
Good diversification
The correlation between TFF Group and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TFF Group and DJI in the same portfolio, assuming nothing else is changed.
TFF |
The ability to find closely correlated positions to TFF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TFF 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 TFF - 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 TFF Group to buy it.
Moving together with TFF Pink Sheet
| 0.72 | AMCR | Amcor PLC | PairCorr |
| 0.62 | AMCCF | Amcor plc | PairCorr |
| 0.71 | ERHE | ERHC Energy | PairCorr |
| 0.78 | GM | General Motors | PairCorr |
| 0.79 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.91 | AIXXF | AIXTRON SE | PairCorr |
| 0.76 | W | Wayfair | PairCorr |
| 0.69 | PPBT | Purple Biotech | PairCorr |
| 0.65 | FLIDY | FLSmidth Co AS | PairCorr |
| 0.9 | BYSD | Bayside Corp | PairCorr |
| 0.85 | NPSKY | NSK Ltd ADR Potential Growth | PairCorr |
| 0.68 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
Moving against TFF Pink Sheet
| 0.91 | IP | International Paper | PairCorr |
| 0.64 | PKG | Packaging Corp | PairCorr |
| 0.63 | SMFTF | Smurfit Kappa Group | PairCorr |
| 0.43 | LTRBF | Latrobe Magnesium | PairCorr |
| 0.37 | FSTF | First State Financial | PairCorr |
| 0.38 | CHNXF | ChitogenX | PairCorr |
Related Correlations Analysis
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 TFF Pink Sheet performing well and TFF 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 TFF'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRVWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOCIF | 1.71 | (0.54) | 0.00 | (0.44) | 0.00 | 4.31 | 14.81 | |||
| VDEVF | 0.22 | 0.10 | 0.00 | (1.83) | 0.00 | 0.00 | 7.22 | |||
| CRFCF | 1.21 | (0.64) | 0.00 | (1.25) | 0.00 | 0.00 | 27.93 | |||
| GLVHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PBKOF | 0.91 | (0.13) | 0.00 | (0.28) | 0.00 | 3.22 | 11.74 | |||
| TCISF | 0.70 | 0.37 | 0.00 | (1.27) | 0.00 | 0.00 | 13.21 | |||
| RANKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SKYZF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OOBHF | 1.46 | 0.80 | 0.00 | (0.86) | 0.00 | 0.00 | 49.09 |
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