TP ICAP Correlations
| TCAPF Stock | USD 3.50 0.00 0.00% |
The correlation of TP ICAP 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.
TP ICAP Correlation With Market
Excellent diversification
The correlation between TP ICAP Group and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TP ICAP Group and DJI in the same portfolio, assuming nothing else is changed.
TCAPF |
The ability to find closely correlated positions to TP ICAP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TP ICAP 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 TP ICAP - 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 TP ICAP Group to buy it.
Moving together with TCAPF Pink Sheet
Moving against TCAPF Pink Sheet
| 0.76 | MS-PK | Morgan Stanley | PairCorr |
| 0.7 | BKRKY | Bank Rakyat | PairCorr |
| 0.69 | GS | Goldman Sachs Group | PairCorr |
| 0.59 | SCHW | Charles Schwab Corp | PairCorr |
| 0.59 | GS-PD | Goldman Sachs | PairCorr |
| 0.57 | IBKR | Interactive Brokers | PairCorr |
| 0.42 | GS-PA | Goldman Sachs | PairCorr |
| 0.39 | KB | KB Financial Group | PairCorr |
| 0.37 | MS-PA | Morgan Stanley | PairCorr |
| 0.37 | SHG | Shinhan Financial | PairCorr |
| 0.36 | MS | Morgan Stanley | PairCorr |
| 0.61 | JUTOY | Jutal Offshore Oil | PairCorr |
| 0.55 | HMY | Harmony Gold Mining Earnings Call Tomorrow | PairCorr |
| 0.54 | BNL | Broadstone Net Lease | PairCorr |
| 0.53 | JBARF | Julius Br Gruppe | PairCorr |
| 0.52 | MOS | Mosaic | PairCorr |
| 0.49 | EQIX | Equinix | PairCorr |
| 0.41 | PSEC | Prospect Capital | PairCorr |
| 0.4 | WF | Woori Financial Group | PairCorr |
| 0.36 | RHHVF | Roche Holding AG | PairCorr |
| 0.34 | HROW | Harrow Health | PairCorr |
| 0.87 | STMZF | Scottish Mortgage | PairCorr |
| 0.58 | CING | Cingulate | PairCorr |
| 0.58 | USAS | Americas Silver Corp | PairCorr |
| 0.56 | SFNC | Simmons First National | PairCorr |
| 0.48 | DMLP | Dorchester Minerals | PairCorr |
| 0.36 | WRGL | Warrior Girl Corp | 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 TCAPF Pink Sheet performing well and TP ICAP 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 TP ICAP'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PLSQF | 1.02 | 0.08 | 0.00 | 0.42 | 0.00 | 0.00 | 56.80 | |||
| CFNCF | 0.09 | (0.05) | 0.00 | 0.69 | 0.00 | 0.00 | 2.87 | |||
| MAUSY | 0.53 | 0.25 | 0.00 | (1.34) | 0.00 | 1.40 | 9.22 | |||
| NINTF | 1.14 | 0.62 | 0.00 | (0.84) | 0.00 | 0.00 | 30.50 | |||
| LTSAP | 1.52 | 0.20 | 0.07 | 1.05 | 1.60 | 4.83 | 16.67 | |||
| KGTHY | 3.91 | 0.42 | 0.04 | (2.12) | 5.19 | 12.47 | 32.00 | |||
| FANDY | 0.72 | 0.35 | 0.00 | 4.34 | 0.00 | 4.01 | 9.51 | |||
| EQGPF | 1.32 | 0.56 | 0.17 | (1.91) | 0.79 | 4.30 | 16.27 | |||
| AFSIA | 1.39 | 0.16 | 0.03 | (0.38) | 1.76 | 5.25 | 11.56 | |||
| BDGSF | 1.29 | 0.38 | 0.00 | (0.71) | 0.00 | 0.00 | 42.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TP ICAP 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.Did you try this?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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TP ICAP Corporate Management
| Nicolas Breteau | Group Director | Profile | |
| Martin Ryan | Group Officer | Profile | |
| William BaldwinCharles | Group Director | Profile | |
| Dominic Lagan | Head Relations | Profile | |
| Susan Maple | Group HR | Profile | |
| Amir Zaidi | Global Compliance | Profile | |
| Robin Stewart | Group Director | Profile |