TCL Electronics Correlations
| TCLHF Stock | USD 0.67 0.03 4.69% |
The current 90-days correlation between TCL Electronics Holdings and FIT Hon Teng is -0.07 (i.e., Good diversification). The correlation of TCL Electronics 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.
TCL Electronics Correlation With Market
Significant diversification
The correlation between TCL Electronics Holdings and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TCL Electronics Holdings and DJI in the same portfolio, assuming nothing else is changed.
TCL |
The ability to find closely correlated positions to TCL Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TCL Electronics 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 TCL Electronics - 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 TCL Electronics Holdings to buy it.
Moving together with TCL Pink Sheet
| 0.68 | SSNLF | Samsung Electronics | PairCorr |
| 0.63 | XIACY | Xiaomi Corp ADR | PairCorr |
| 0.62 | XIACF | Xiaomi Corp | PairCorr |
| 0.62 | WMT | Walmart Aggressive Push | PairCorr |
| 0.73 | T | ATT Inc Aggressive Push | PairCorr |
| 0.66 | HD | Home Depot | PairCorr |
Moving against TCL Pink Sheet
| 0.76 | MULN | Mullen Automotive Upward Rally | PairCorr |
| 0.66 | AHT | Ashford Hospitality Trust | PairCorr |
| 0.48 | QLGN | Qualigen Therapeutics Upward Rally | PairCorr |
| 0.46 | SGD | Safe and Green | PairCorr |
| 0.36 | SNEJF | Sony Corp Downward Rally | PairCorr |
| 0.36 | HMTLF | Hitachi Metals | PairCorr |
| 0.61 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.36 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.34 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.72 | 0.84 | 0.88 | 0.16 | PTAIF | ||
| 0.72 | 0.8 | 0.58 | 0.03 | FITGF | ||
| 0.84 | 0.8 | 0.73 | 0.05 | NWITY | ||
| 0.88 | 0.58 | 0.73 | 0.33 | WHGRF | ||
| 0.16 | 0.03 | 0.05 | 0.33 | TBVPF | ||
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Risk-Adjusted Indicators
There is a big difference between TCL Pink Sheet performing well and TCL Electronics 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 TCL Electronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTAIF | 0.81 | 0.41 | 0.00 | (0.95) | 0.00 | 2.78 | 13.20 | |||
| FITGF | 5.78 | 0.76 | 0.04 | (0.31) | 6.54 | 16.67 | 49.25 | |||
| NWITY | 0.31 | 0.07 | 0.00 | 1.85 | 0.00 | 1.41 | 5.20 | |||
| WHGRF | 1.02 | 0.49 | 0.00 | (4.57) | 0.00 | 3.95 | 22.24 | |||
| TBVPF | 4.50 | 0.37 | 0.04 | 1.51 | 5.24 | 10.53 | 38.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TCL Electronics 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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