TechCreate Correlations

TCGL Stock

5.30 0.08 1.53%

The current 90-days correlation between TechCreate Group and Intact Financial is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TechCreate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TechCreate Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

TechCreate Correlation With Market

Average diversification

The correlation between TechCreate Group and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TechCreate Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TechCreate Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TechCreate Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with TechCreate Stock

0.63	BMYMP	Bristol Myers Squibb	Pair Corr
0.69	AKAM	Akamai Technologies	Pair Corr
0.63	REGN	Regeneron Pharmaceuticals	Pair Corr
0.7	PHAR	Pharming Group NV	Pair Corr
0.63	RLMD	Relmada Therapeutics	Pair Corr

Moving against TechCreate Stock

0.7	MSFT	Microsoft Sell-off Trend	Pair Corr
0.56	NTNX	Nutanix	Pair Corr
0.47	META	Meta Platforms	Pair Corr
0.44	GTOR	Ggtoor Inc	Pair Corr
0.35	NVDA	NVIDIA Aggressive Push	Pair Corr
0.46	SWRM	Appswarm	Pair Corr
0.45	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	INFFF	AFSIM	AFSIC	AFSIP	SYANY	AFSIB	AFSIN	AFSIA
INFFF		-0.3	-0.19	-0.31	0.0	-0.13	-0.25	-0.23	INFFF
AFSIM	-0.3		0.38	0.31	0.0	0.2	-0.08	0.11	AFSIM
AFSIC	-0.19	0.38		0.55	0.0	0.17	-0.14	0.27	AFSIC
AFSIP	-0.31	0.31	0.55		0.0	0.23	0.12	0.11	AFSIP
SYANY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SYANY
AFSIB	-0.13	0.2	0.17	0.23	0.0		0.11	0.28	AFSIB
AFSIN	-0.25	-0.08	-0.14	0.12	0.0	0.11		0.23	AFSIN
AFSIA	-0.23	0.11	0.27	0.11	0.0	0.28	0.23		AFSIA
	INFFF	AFSIM	AFSIC	AFSIP	SYANY	AFSIB	AFSIN	AFSIA

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

AFSIP	+ 0.55	AFSIC
AFSIC	+ 0.38	AFSIM
AFSIP	+ 0.31	AFSIM
AFSIA	+ 0.28	AFSIB
AFSIA	+ 0.27	AFSIC
AFSIB	+ 0.23	AFSIP

High negative correlations

AFSIP	- 0.31	INFFF
AFSIM	- 0.3	INFFF
AFSIN	- 0.25	INFFF
AFSIA	- 0.23	INFFF
AFSIC	- 0.19	INFFF
AFSIN	- 0.14	AFSIC

Risk-Adjusted Indicators

There is a big difference between TechCreate Stock performing well and TechCreate 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 TechCreate'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
INFFF	0.05	0.01	0.00	(0.35)	0.00	0.00	0.00	0.00	1.74
AFSIM	1.59	(0.22)	0.00	(0.47)	0.00	0.00	3.33	(4.91)	15.81
AFSIC	1.28	(0.09)	0.00	(0.99)	0.00	0.00	4.63	(5.53)	13.82
AFSIP	1.29	(0.16)	0.00	(0.35)	0.00	0.00	3.54	(3.89)	11.46
SYANY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFSIB	1.12	(0.20)	0.00	(0.37)	0.00	0.00	2.89	(3.23)	13.57
AFSIN	2.20	0.00	0.00	0.07	3.89	(2.74)	6.44	(5.72)	39.17
AFSIA	1.01	0.01	(0.02)	0.25	1.42	(1.99)	3.67	(2.79)	11.51

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