TruePublic Company Correlations

TCPFF Stock

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The current 90-days correlation between TruePublic Company and PCCW Limited is -0.01 (i.e., Good diversification). The correlation of TruePublic Company 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.

TruePublic Company Correlation With Market

Significant diversification

The correlation between True Public and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding True Public and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TruePublic Pink Sheet

0.77	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.76	TLK	Telkom Indonesia Tbk	Pair Corr
0.67	EC	Ecopetrol SA ADR	Pair Corr
0.75	KEP	Korea Electric Power	Pair Corr
0.79	FTV	Fortive Corp	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.85	MRK	Merck Company	Pair Corr
0.74	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.78	TRV	The Travelers Companies	Pair Corr
0.62	AA	Alcoa Corp	Pair Corr
0.65	MCD	McDonalds	Pair Corr

Moving against TruePublic Pink Sheet

0.82	HD	Home Depot	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.56	PIFMY	Indofood Sukses Makmur	Pair Corr
0.55	NTTYY	Nippon Telegraph	Pair Corr
0.45	DTEGY	Deutsche Telekom	Pair Corr
0.39	DTEGF	Deutsche Telekom	Pair Corr
0.39	BA	Boeing	Pair Corr
0.32	CMCSA	Comcast Corp	Pair Corr
0.32	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	PCWLF	PCCWY	AXXTF	BZQIF	BZQIY	PHTCF	CUCSF	FRTAF	TOWTF	CUCSY
PCWLF		0.72	0.0	0.22	0.33	0.0	0.0	-0.6	0.0	-0.1	PCWLF
PCCWY	0.72		0.0	0.19	0.39	0.0	0.0	-0.53	0.0	-0.09	PCCWY
AXXTF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AXXTF
BZQIF	0.22	0.19	0.0		0.5	0.0	0.0	-0.6	0.0	-0.63	BZQIF
BZQIY	0.33	0.39	0.0	0.5		0.0	0.0	-0.29	0.0	-0.39	BZQIY
PHTCF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	-1.0	0.0	PHTCF
CUCSF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CUCSF
FRTAF	-0.6	-0.53	0.0	-0.6	-0.29	0.0	0.0		0.0	0.4	FRTAF
TOWTF	0.0	0.0	0.0	0.0	0.0	-1.0	0.0	0.0		0.0	TOWTF
CUCSY	-0.1	-0.09	0.0	-0.63	-0.39	0.0	0.0	0.4	0.0		CUCSY
	PCWLF	PCCWY	AXXTF	BZQIF	BZQIY	PHTCF	CUCSF	FRTAF	TOWTF	CUCSY

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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

PCCWY	+ 0.72	PCWLF
BZQIY	+ 0.5	BZQIF
CUCSY	+ 0.4	FRTAF
BZQIY	+ 0.39	PCCWY
BZQIY	+ 0.33	PCWLF
BZQIF	+ 0.22	PCWLF

High negative correlations

TOWTF	- 1.0	PHTCF
CUCSY	- 0.63	BZQIF
FRTAF	- 0.6	BZQIF
FRTAF	- 0.6	PCWLF
FRTAF	- 0.53	PCCWY
CUCSY	- 0.39	BZQIY

Risk-Adjusted Indicators

There is a big difference between TruePublic Pink Sheet performing well and TruePublic Company 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 TruePublic Company'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
PCWLF	2.39	0.10	0.02	0.23	2.61	(3.91)	5.97	(5.63)	16.96
PCCWY	1.87	0.06	0.01	0.13	2.52	(2.92)	3.54	(3.81)	26.94
AXXTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BZQIF	0.92	0.38	0.00	(1.09)	0.00	0.00	0.00	0.00	17.65
BZQIY	1.20	0.34	0.00	(17.07)	0.00	0.00	4.92	0.00	21.28
PHTCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUCSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRTAF	0.29	(0.17)	0.00	(0.52)	0.00	0.00	0.00	0.00	9.18
TOWTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CUCSY	0.98	(0.23)	0.00	0.32	0.00	0.00	0.00	0.00	28.17

Be your own money manager

Our tools can tell you how much better you can do entering a position in TruePublic Company 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.

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