ToughBuilt Industries Correlations
| TBLTWDelisted Stock | USD 0.05 0 2.00% |
The current 90-days correlation between ToughBuilt Industries and Creative Realities WT is 0.01 (i.e., Significant diversification). The correlation of ToughBuilt Industries 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.
ToughBuilt Industries Correlation With Market
Good diversification
The correlation between ToughBuilt Industries WT and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ToughBuilt Industries WT and DJI in the same portfolio, assuming nothing else is changed.
ToughBuilt |
Moving together with ToughBuilt Stock
| 0.64 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against ToughBuilt Stock
| 0.74 | TRCA | Twin Ridge Capital | PairCorr |
| 0.74 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.71 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.67 | AAC | Ares Acquisition | PairCorr |
| 0.66 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
| 0.63 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.59 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.57 | ARTE | Artemis Strategic | PairCorr |
| 0.56 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.55 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.52 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.49 | WMT | Walmart Aggressive Push | PairCorr |
| 0.49 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.47 | INTE | Integral Acquisition | PairCorr |
| 0.44 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.43 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.33 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.05 | 0.07 | -0.01 | 0.36 | THWWW | ||
| 0.05 | 0.24 | 0.5 | 0.44 | VERBW | ||
| 0.07 | 0.24 | -0.01 | 0.29 | CREXW | ||
| -0.01 | 0.5 | -0.01 | 0.29 | ARTLW | ||
| 0.36 | 0.44 | 0.29 | 0.29 | ENTXW | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ToughBuilt Stock performing well and ToughBuilt Industries 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 ToughBuilt Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| THWWW | 6.01 | (0.04) | 0.00 | 0.08 | 6.18 | 15.26 | 65.09 | |||
| VERBW | 18.74 | 3.07 | 0.10 | (0.42) | 18.13 | 52.17 | 171.86 | |||
| CREXW | 42.58 | 10.12 | 0.33 | 0.91 | 27.59 | 135.71 | 370.19 | |||
| ARTLW | 23.23 | 3.85 | 0.09 | (0.29) | 23.45 | 68.38 | 147.53 | |||
| ENTXW | 37.20 | 8.85 | 0.19 | (0.46) | 30.23 | 135.48 | 266.82 |
ToughBuilt Industries 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 ToughBuilt Industries stock to make a market-neutral strategy. Peer analysis of ToughBuilt Industries could also be used in its relative valuation, which is a method of valuing ToughBuilt Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in ToughBuilt Industries WT?
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