Trulieve Cannabis Correlations
| TCNNF Stock | USD 6.07 0.08 1.34% |
The current 90-days correlation between Trulieve Cannabis Corp and Mineralys Therapeutics, Common is -0.44 (i.e., Very good diversification). The correlation of Trulieve Cannabis 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.
Trulieve Cannabis Correlation With Market
Very good diversification
The correlation between Trulieve Cannabis Corp and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trulieve Cannabis Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Trulieve Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trulieve Cannabis 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 Trulieve Cannabis - 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 Trulieve Cannabis Corp to buy it.
Moving together with Trulieve OTC Stock
| 0.83 | TCHH | Trustcash Holdings | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.77 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.62 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Trulieve OTC Stock
| 0.71 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.64 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.55 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.45 | KEP | Korea Electric Power | PairCorr |
| 0.4 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.37 | WMT | Walmart Aggressive Push | PairCorr |
Related Correlations Analysis
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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 Trulieve OTC Stock performing well and Trulieve Cannabis OTC Stock 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 Trulieve Cannabis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RZLT | 2.87 | 0.11 | 0.05 | 0.19 | 3.11 | 6.81 | 30.01 | |||
| TPST | 3.89 | (0.73) | 0.00 | (0.52) | 0.00 | 6.38 | 29.55 | |||
| FBRX | 5.65 | 1.63 | 0.41 | 1.11 | 3.42 | 6.65 | 113.07 | |||
| DYAI | 3.76 | 0.55 | 0.13 | 0.86 | 3.69 | 9.00 | 16.89 | |||
| DMAC | 2.31 | 0.28 | 0.07 | 4.62 | 2.11 | 4.94 | 10.25 | |||
| SILO | 3.85 | (0.83) | 0.00 | (0.35) | 0.00 | 6.31 | 23.28 | |||
| MOLN | 4.66 | (0.26) | 0.00 | (0.11) | 0.00 | 9.61 | 52.92 | |||
| MLYS | 2.68 | (0.08) | 0.03 | 0.09 | 3.37 | 6.27 | 20.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Trulieve Cannabis 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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Trulieve Cannabis Corporate Management
Elected by the shareholders, the Trulieve Cannabis' board of directors comprises two types of representatives: Trulieve Cannabis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trulieve. The board's role is to monitor Trulieve Cannabis' management team and ensure that shareholders' interests are well served. Trulieve Cannabis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trulieve Cannabis' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kimberly Rivers | Chairman Founder | Profile | |
| Rebecca Young | VP Officer | Profile | |
| Alex CPA | Chief Officer | Profile | |
| Robert Kremer | Exec Communications | Profile | |
| JD III | Chief Sec | Profile | |
| Jason Pernell | Chief Officer | Profile | |
| Victoria Walker | Director Relations | Profile |