Transcontinental Correlations

TCLAF Stock

USD 16.60 0.04 0.24%

The correlation of Transcontinental 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.

Transcontinental Correlation With Market

Good diversification

The correlation between Transcontinental and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Transcontinental and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Transcontinental Pink Sheet

0.75	PPERF	Bank Mandiri Persero	Pair Corr
0.62	PPERY	Bank Mandiri Persero	Pair Corr
0.61	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.77	AAL	American Airlines	Pair Corr
0.76	ASTI	Ascent Solar Technol Tech Boost	Pair Corr
0.74	DDS	Dillards,	Pair Corr
0.74	ALVLF	Big Ridge Gold	Pair Corr
0.67	IDN	Intellicheck Mobilisa	Pair Corr
0.73	ZPTA	Zapata Computing Holdings Buyout Trend	Pair Corr
0.81	GWW	WW Grainger	Pair Corr
0.61	BLMC	Biloxi Marsh Lands	Pair Corr
0.79	NOEM	CO2 Energy Transition	Pair Corr
0.63	AVTBF	Avant Brands	Pair Corr
0.63	APGE	Apogee Therapeutics,	Pair Corr
0.61	RLMD	Relmada Therapeutics	Pair Corr

Moving against Transcontinental Pink Sheet

0.71	CYPS	Cyclo3pss	Pair Corr
0.53	BKRKF	PT Bank Rakyat	Pair Corr
0.43	PTAIF	PT Astra International	Pair Corr
0.57	12532HAF1	GIBACN 23 14	Pair Corr
0.35	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	CHDGF	GLYYY	KRNTY	BRRAY	CHRHF	ANZLY	BIRDF	BTGRF	GRGCF	KIERF
CHDGF		0.22	0.02	0.01	0.46	0.07	0.37	0.1	0.09	-0.21	CHDGF
GLYYY	0.22		-0.71	-0.24	0.75	0.36	0.59	0.83	-0.37	-1.0	GLYYY
KRNTY	0.02	-0.71		0.34	-0.4	-0.49	-0.2	-0.71	0.86	0.71	KRNTY
BRRAY	0.01	-0.24	0.34		-0.02	-0.24	0.06	-0.4	0.4	0.24	BRRAY
CHRHF	0.46	0.75	-0.4	-0.02		0.15	0.64	0.72	-0.09	-0.74	CHRHF
ANZLY	0.07	0.36	-0.49	-0.24	0.15		0.02	0.46	-0.44	-0.36	ANZLY
BIRDF	0.37	0.59	-0.2	0.06	0.64	0.02		0.35	0.09	-0.6	BIRDF
BTGRF	0.1	0.83	-0.71	-0.4	0.72	0.46	0.35		-0.49	-0.83	BTGRF
GRGCF	0.09	-0.37	0.86	0.4	-0.09	-0.44	0.09	-0.49		0.36	GRGCF
KIERF	-0.21	-1.0	0.71	0.24	-0.74	-0.36	-0.6	-0.83	0.36		KIERF
	CHDGF	GLYYY	KRNTY	BRRAY	CHRHF	ANZLY	BIRDF	BTGRF	GRGCF	KIERF

Please upgrade your account to get full access to Macroaxis premium features

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

GRGCF	+ 0.86	KRNTY
BTGRF	+ 0.83	GLYYY
CHRHF	+ 0.75	GLYYY
BTGRF	+ 0.72	CHRHF
KIERF	+ 0.71	KRNTY
BIRDF	+ 0.64	CHRHF

High negative correlations

KIERF	- 1.0	GLYYY
KIERF	- 0.83	BTGRF
KIERF	- 0.74	CHRHF
BTGRF	- 0.71	KRNTY
KRNTY	- 0.71	GLYYY
KIERF	- 0.6	BIRDF

Risk-Adjusted Indicators

There is a big difference between Transcontinental Pink Sheet performing well and Transcontinental 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 Transcontinental'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
CHDGF	0.83	(0.04)	0.00	0.41	0.00	0.00	0.00	(3.95)	17.21
GLYYY	0.54	(0.30)	0.00	(1.84)	0.00	0.00	0.00	0.00	16.26
KRNTY	0.30	0.12	0.00	(6.14)	0.00	0.00	0.97	0.00	4.05
BRRAY	6.54	2.59	0.00	2.52	0.00	0.00	6.46	0.00	157.36
CHRHF	1.34	(0.14)	0.00	0.20	0.00	0.00	0.00	(2.34)	28.38
ANZLY	1.73	(0.17)	0.00	(0.17)	0.00	0.00	2.76	(8.70)	28.89
BIRDF	1.23	0.04	(0.01)	0.19	2.31	(1.09)	2.94	(3.06)	11.61
BTGRF	0.82	(0.42)	0.00	3.28	0.00	0.00	0.00	0.00	16.00
GRGCF	0.90	0.37	0.00	(0.62)	0.00	0.00	0.00	(0.34)	17.24
KIERF	0.08	0.03	0.00	(1.15)	0.00	0.00	0.00	0.00	2.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Transcontinental 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?

Run ETFs Now

ETFs

Find actively traded Exchange Traded Funds (ETF) from around the world

All Next

Launch Module

Transcontinental Corporate Management

Francois Taschereau	VP Affairs	Profile
Eric Morisset	Chief Officer	Profile
CM CM	Founder Director	Profile
Benoit Guilbault	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC