TITANIUM TRANSPORTGROUP Correlations

I9V Stock

1.65 0.02 1.20%

The current 90-days correlation between TITANIUM TRANSPORTGROUP and NTG Nordic Transport is -0.14 (i.e., Good diversification). The correlation of TITANIUM TRANSPORTGROUP 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.

TITANIUM TRANSPORTGROUP Correlation With Market

Good diversification

The correlation between TITANIUM TRANSPORTGROUP and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TITANIUM TRANSPORTGROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TITANIUM Stock

0.63	7WE	SENKO GROUP HOLDINGS	Pair Corr
0.64	1WT	WisdomTree Investments	Pair Corr

Moving against TITANIUM Stock

0.61	TG4	Oxurion NV	Pair Corr
0.51	KNIU	Kuehne Nagel Interna	Pair Corr
0.39	DBPD	Xtrackers ShortDAX	Pair Corr
0.36	BUU	DevEx Resources	Pair Corr

Related Correlations Analysis

	NRSA	39O1	2DG	TLX	TM9	IUI1	6HW	NOH1	INL	VOW
NRSA		0.42	-0.55	-0.41	0.27	0.36	-0.56	0.7	0.6	-0.36	NRSA
39O1	0.42		-0.04	-0.22	0.32	-0.14	-0.27	0.48	0.17	0.15	39O1
2DG	-0.55	-0.04		0.34	0.24	-0.82	0.79	-0.66	-0.79	0.88	2DG
TLX	-0.41	-0.22	0.34		0.06	-0.29	0.59	-0.47	-0.4	0.36	TLX
TM9	0.27	0.32	0.24	0.06		-0.28	0.02	0.24	0.04	0.32	TM9
IUI1	0.36	-0.14	-0.82	-0.29	-0.28		-0.6	0.53	0.74	-0.82	IUI1
6HW	-0.56	-0.27	0.79	0.59	0.02	-0.6		-0.75	-0.72	0.69	6HW
NOH1	0.7	0.48	-0.66	-0.47	0.24	0.53	-0.75		0.82	-0.51	NOH1
INL	0.6	0.17	-0.79	-0.4	0.04	0.74	-0.72	0.82		-0.69	INL
VOW	-0.36	0.15	0.88	0.36	0.32	-0.82	0.69	-0.51	-0.69		VOW
	NRSA	39O1	2DG	TLX	TM9	IUI1	6HW	NOH1	INL	VOW

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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

VOW	+ 0.88	2DG
INL	+ 0.82	NOH1
6HW	+ 0.79	2DG
INL	+ 0.74	IUI1
NOH1	+ 0.7	NRSA
VOW	+ 0.69	6HW

High negative correlations

VOW	- 0.82	IUI1
IUI1	- 0.82	2DG
INL	- 0.79	2DG
NOH1	- 0.75	6HW
INL	- 0.72	6HW
VOW	- 0.69	INL

Risk-Adjusted Indicators

There is a big difference between TITANIUM Stock performing well and TITANIUM TRANSPORTGROUP 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 TITANIUM TRANSPORTGROUP'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
NRSA	1.62	0.12	0.02	1.79	1.79	(1.98)	3.11	(2.63)	12.73
39O1	3.81	0.15	0.03	0.44	3.57	(5.44)	9.64	(5.38)	34.42
2DG	3.73	(1.51)	0.00	(3.78)	0.00	0.00	6.06	(8.33)	52.42
TLX	0.96	0.02	(0.06)	(0.21)	1.13	(1.11)	2.67	(1.64)	7.58
TM9	2.81	0.01	(0.01)	0.11	4.32	(3.03)	5.56	(6.43)	36.50
IUI1	1.21	0.22	0.12	1.01	1.08	(1.38)	2.87	(1.96)	10.01
6HW	0.42	(0.10)	0.00	0.85	0.00	0.00	1.21	(1.80)	5.39
NOH1	2.15	0.33	0.10	(1.77)	1.96	(2.68)	6.61	(3.38)	12.96
INL	2.55	0.17	0.09	0.18	2.41	(3.32)	6.80	(4.28)	13.89
VOW	1.24	(0.28)	0.00	(5.57)	0.00	0.00	2.12	(2.99)	9.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in TITANIUM TRANSPORTGROUP 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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