TechCreate Correlations
| TCGL Stock | 172.84 27.16 13.58% |
The current 90-days correlation between TechCreate Group and Helport AI Limited is -0.01 (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
Weak diversification
The correlation between TechCreate Group and DJI is 0.33 (i.e., Weak 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.
TechCreate | Build AI portfolio with TechCreate Stock |
Moving against TechCreate Stock
| 0.41 | KLAR | Klarna Group plc | PairCorr |
| 0.39 | ARAI | Arrive AI | PairCorr |
| 0.36 | ODD | ODDITY Tech | PairCorr |
| 0.33 | DFDV | DeFi Development Corp Symbol Change | 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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MLGO | 4.59 | (1.13) | 0.00 | (0.27) | 0.00 | 9.95 | 28.92 | |||
| IDN | 3.33 | 0.52 | 0.08 | (0.21) | 3.27 | 5.94 | 47.19 | |||
| OPTX | 8.35 | 1.93 | 0.28 | 0.60 | 6.80 | 19.23 | 48.48 | |||
| GAUZ | 9.75 | (1.98) | 0.00 | (0.60) | 0.00 | 20.18 | 102.16 | |||
| NA | 3.62 | (0.37) | 0.00 | (0.29) | 0.00 | 7.45 | 38.30 | |||
| PSQH | 3.67 | (1.55) | 0.00 | (0.42) | 0.00 | 6.67 | 25.34 | |||
| RSSS | 2.37 | (0.36) | 0.00 | (0.31) | 0.00 | 3.46 | 20.31 | |||
| VHC | 3.77 | (0.41) | 0.00 | (0.33) | 0.00 | 6.47 | 25.58 | |||
| INTT | 2.99 | 0.27 | 0.08 | 0.24 | 4.12 | 6.40 | 16.21 | |||
| HPAI | 2.96 | 0.24 | 0.03 | (0.39) | 4.05 | 7.14 | 23.89 |
TechCreate 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 TechCreate stock to make a market-neutral strategy. Peer analysis of TechCreate could also be used in its relative valuation, which is a method of valuing TechCreate by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
TechCreate Corporate Executives
Elected by the shareholders, the TechCreate's board of directors comprises two types of representatives: TechCreate inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TechCreate. The board's role is to monitor TechCreate's management team and ensure that shareholders' interests are well served. TechCreate's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TechCreate's outside directors are responsible for providing unbiased perspectives on the board's policies.