TechCom Correlations
| TCRI Stock | USD 0.13 0.02 13.33% |
The current 90-days correlation between TechCom and Sipup is 0.01 (i.e., Significant diversification). The correlation of TechCom 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.
TechCom Correlation With Market
Significant diversification
The correlation between TechCom and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TechCom and DJI in the same portfolio, assuming nothing else is changed.
TechCom |
The ability to find closely correlated positions to TechCom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TechCom 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 TechCom - 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 TechCom to buy it.
Moving against TechCom Pink Sheet
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| 0.36 | PBAJ | Petro Usa | PairCorr |
| 0.34 | RIVN | Rivian Automotive | PairCorr |
| 0.42 | AVTBF | Avant Brands | PairCorr |
| 0.41 | ULTA | Ulta Beauty | PairCorr |
| 0.38 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.34 | DNLMY | Dunelm Group PLC | PairCorr |
| 0.34 | ASTI | Ascent Solar Technol | PairCorr |
| 0.31 | CRRFY | Carrefour SA PK | PairCorr |
| 0.37 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.34 | AA | Alcoa Corp | PairCorr |
| 0.32 | SHUFF | Shufersal Trending | 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 TechCom Pink Sheet performing well and TechCom 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 TechCom'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LNMG | 10.00 | 3.70 | 0.15 | (1.24) | 6.56 | 48.00 | 99.10 | |||
| SPUP | 1.99 | (1.04) | 0.00 | (3.13) | 0.00 | 0.00 | 66.67 | |||
| BOREF | 9.05 | 0.14 | 0.02 | 0.09 | 10.30 | 29.03 | 98.67 | |||
| ITRX | 6.21 | 2.67 | 0.00 | (0.98) | 0.00 | 0.00 | 31.41 | |||
| PSCO | 32.57 | 10.01 | 0.19 | (1.20) | 23.82 | 131.73 | 457.24 | |||
| SLTN | 12.39 | 3.60 | 0.10 | 0.99 | 13.80 | 26.67 | 255.77 | |||
| ABVN | 0.81 | 0.03 | 0.00 | 0.18 | 0.00 | 0.00 | 24.88 | |||
| DPXCF | 1.58 | 0.00 | (0.01) | 0.06 | 2.47 | 5.12 | 32.51 | |||
| MFDB | 0.33 | (0.04) | 0.00 | 0.23 | 0.00 | 0.00 | 11.49 | |||
| GFOO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |