True Public Correlations
| TCPFFDelisted Stock | USD 0.35 0.00 0.00% |
The current 90-days correlation between True Public and PCCW Limited is -0.01 (i.e., Good diversification). The correlation of True Public 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.
True Public Correlation With Market
Poor diversification
The correlation between True Public and DJI is 0.61 (i.e., Poor 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.
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The ability to find closely correlated positions to True Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace True Public 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 True Public - 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 True Pink Sheet
| 0.74 | PPERY | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.69 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.63 | MCD | McDonalds Sell-off Trend | PairCorr |
| 0.63 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.85 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.83 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.68 | DD | Dupont De Nemours | PairCorr |
| 0.61 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.69 | AA | Alcoa Corp | PairCorr |
Moving against True Pink Sheet
| 0.61 | PBCRY | Bank Central Asia | PairCorr |
| 0.57 | BKRKY | Bank Rakyat | PairCorr |
| 0.36 | T | ATT Inc Earnings Call This Week | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between True Pink Sheet performing well and True Public 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 True Public'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 | 2.68 | 0.19 | 0.05 | 0.24 | 2.67 | 7.46 | 16.96 | |||
| PCCWY | 1.76 | 0.24 | 0.03 | (0.22) | 2.29 | 3.54 | 26.94 | |||
| AXXTF | 2.85 | 0.17 | 0.01 | (1.31) | 4.04 | 7.84 | 48.33 | |||
| BZQIF | 1.55 | 0.63 | 0.00 | (1.59) | 0.00 | 3.31 | 24.01 | |||
| BZQIY | 1.10 | 0.32 | 0.00 | (0.48) | 0.00 | 4.92 | 19.24 | |||
| PHTCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUCSF | 10.35 | 2.13 | 0.00 | (0.91) | 0.00 | 66.67 | 108.48 | |||
| FRTAF | 0.45 | 0.05 | 0.00 | 0.17 | 0.00 | 0.00 | 15.04 | |||
| TOWTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUCSY | 0.97 | (0.26) | 0.00 | 0.90 | 0.00 | 0.00 | 28.17 |
True Public 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 True Public pink sheet to make a market-neutral strategy. Peer analysis of True Public could also be used in its relative valuation, which is a method of valuing True Public by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
True Public Corporate Management
| Papon Ratanachaikanont | Group Chief Commercial Officer - Sales & Retail | Profile | |
| Sophannaka Chantadisai | Head Relations | Profile | |
| Sarinra Wongsuppaluk | Group Officer | Profile | |
| Kantima Kunjara | Group CSR | Profile | |
| Manat Manavutiveth | CoPres | Profile |
Still Interested in True Public?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.