Tingyi Holding Correlations
| TCYMFDelisted Stock | USD 1.57 0.00 0.00% |
The current 90-days correlation between Tingyi Holding Corp and WH Group Limited is -0.06 (i.e., Good diversification). The correlation of Tingyi Holding 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.
Tingyi Holding Correlation With Market
Average diversification
The correlation between Tingyi Holding Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tingyi Holding Corp and DJI in the same portfolio, assuming nothing else is changed.
Tingyi |
The ability to find closely correlated positions to Tingyi Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tingyi Holding 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 Tingyi Holding - 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 Tingyi Holding Corp to buy it.
Moving together with Tingyi Pink Sheet
| 0.7 | GIS | General Mills Earnings Call This Week | PairCorr |
| 0.71 | DANOY | Danone PK | PairCorr |
| 0.69 | BMBOY | Grupo Bimbo SAB | PairCorr |
| 0.65 | MKC-V | McCormick Company | PairCorr |
| 0.66 | BKRKY | Bank Rakyat | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
Moving against Tingyi Pink Sheet
| 0.91 | PTAIF | PT Astra International | PairCorr |
| 0.77 | SSNLF | Samsung Electronics | PairCorr |
| 0.58 | K | Kellanova | PairCorr |
| 0.58 | FUND | Sprott Focus Trust | PairCorr |
| 0.54 | ICAD | icad inc | PairCorr |
| 0.47 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.36 | BBAI | BigBearai Holdings | PairCorr |
| 0.63 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.63 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.62 | PYPL | PayPal Holdings | PairCorr |
| 0.61 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.55 | IONQ | IONQ Inc | PairCorr |
| 0.53 | INMD | InMode | PairCorr |
| 0.52 | APLD | Applied Blockchain Buyout Trend | PairCorr |
| 0.52 | KOSS | Koss | PairCorr |
| 0.5 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.5 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.5 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.46 | CRS | Carpenter Technology | PairCorr |
| 0.43 | RUM | Rumble Inc Tech Boost | PairCorr |
| 0.42 | LUNR | Intuitive Machines | PairCorr |
| 0.4 | ET | Energy Transfer LP | PairCorr |
| 0.34 | GLBE | Global E Online | PairCorr |
| 0.33 | BFLY | Butterfly Network | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Tingyi Pink Sheet performing well and Tingyi Holding 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 Tingyi Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PFODF | 0.65 | 0.20 | 0.00 | 0.60 | 0.00 | 0.00 | 26.69 | |||
| TQLB | 15.57 | 3.45 | 0.06 | (0.65) | 16.33 | 60.71 | 237.79 | |||
| NSPDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INBP | 1.52 | (0.09) | 0.00 | 0.30 | 0.00 | 3.13 | 34.54 | |||
| ARZTY | 0.85 | (0.19) | 0.00 | (6.35) | 0.00 | 0.00 | 13.20 | |||
| FPAFF | 1.70 | 0.08 | 0.01 | 0.20 | 2.21 | 9.26 | 24.93 | |||
| WHGRF | 0.34 | 0.11 | 0.00 | (0.72) | 0.00 | 1.28 | 8.95 | |||
| MRRTY | 2.31 | 0.59 | 0.15 | (0.48) | 2.19 | 5.12 | 11.51 | |||
| BRFS | 1.68 | 0.14 | 0.03 | 0.86 | 2.10 | 3.70 | 9.87 |
View Tingyi Holding Related Equities
| Risk & Return | Correlation |
Tingyi Holding Corporate Management
| Jammy Xu | Chief of Staff | Profile | |
| Ida Junichiro | Ex Chairman | Profile | |
| Joey Chen | Chief Officer | Profile | |
| Yinjang Chen | Chief Officer | Profile | |
| Yuko Takahashi | Ex Director | Profile | |
| Chien Tseng | Ex Director | Profile |
Still Interested in Tingyi Holding Corp?
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.