TDCX Correlations

Summary

TDCXDelisted Stock

USD 7.13 0.02 0.28%

The current 90-days correlation between TDCX Inc ADR and Civeo Corp is -0.09 (i.e., Good diversification). The correlation of TDCX 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. If the correlation is 0, the equities are not correlated; they are entirely random.

TDCX Correlation With Market

Average diversification

The correlation between TDCX Inc ADR and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TDCX Inc ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Related Correlations Analysis

	NTIP	CVEO	BV	MMS	CBZ	VVI	CASS	TLPFF	PFSW	RTO
NTIP		-0.32	-0.43	-0.35	0.5	0.36	-0.35	-0.47	0.43	-0.25	NTIP
CVEO	-0.32		0.18	0.87	-0.85	-0.88	-0.03	0.84	-0.66	-0.27	CVEO
BV	-0.43	0.18		0.26	-0.03	-0.03	0.72	0.38	-0.53	0.59	BV
MMS	-0.35	0.87	0.26		-0.75	-0.84	-0.06	0.81	-0.52	-0.23	MMS
CBZ	0.5	-0.85	-0.03	-0.75		0.88	0.11	-0.8	0.52	0.23	CBZ
VVI	0.36	-0.88	-0.03	-0.84	0.88		0.05	-0.78	0.58	0.26	VVI
CASS	-0.35	-0.03	0.72	-0.06	0.11	0.05		0.18	-0.56	0.77	CASS
TLPFF	-0.47	0.84	0.38	0.81	-0.8	-0.78	0.18		-0.68	0.09	TLPFF
PFSW	0.43	-0.66	-0.53	-0.52	0.52	0.58	-0.56	-0.68		-0.28	PFSW
RTO	-0.25	-0.27	0.59	-0.23	0.23	0.26	0.77	0.09	-0.28		RTO
	NTIP	CVEO	BV	MMS	CBZ	VVI	CASS	TLPFF	PFSW	RTO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VVI	+ 0.88	CBZ
MMS	+ 0.87	CVEO
TLPFF	+ 0.84	CVEO
TLPFF	+ 0.81	MMS
RTO	+ 0.77	CASS
CASS	+ 0.72	BV

High negative correlations

VVI	- 0.88	CVEO
CBZ	- 0.85	CVEO
VVI	- 0.84	MMS
TLPFF	- 0.8	CBZ
TLPFF	- 0.78	VVI
CBZ	- 0.75	MMS

Risk-Adjusted Indicators

There is a big difference between TDCX Stock performing well and TDCX 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 TDCX'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
NTIP	1.73	0.13	0.04	2.43	2.19	(1.93)	3.20	(3.03)	11.08
CVEO	1.32	(0.21)	0.00	(1.02)	0.00	0.00	3.08	(2.18)	9.73
BV	1.67	(0.03)	0.00	(0.01)	0.00	0.00	2.85	(3.61)	19.91
MMS	1.15	(0.22)	0.00	(0.68)	0.00	0.00	2.18	(2.49)	9.73
CBZ	1.28	0.39	0.26	1.14	1.11	(1.47)	2.55	(1.81)	11.45
VVI	1.93	0.29	0.15	0.20	1.70	(2.41)	5.57	(3.31)	23.11
CASS	1.29	(0.06)	0.00	(0.14)	0.00	0.00	2.78	(3.04)	13.07
TLPFF	1.45	(0.08)	0.00	(0.58)	0.00	0.00	3.23	(4.53)	19.74
PFSW	2.08	0.20	0.06	(0.66)	2.81	(2.29)	5.84	(5.09)	17.10
RTO	1.32	0.02	0.00	0.07	1.49	(1.54)	2.32	(2.32)	12.08

TDCX 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 TDCX stock to make a market-neutral strategy. Peer analysis of TDCX could also be used in its relative valuation, which is a method of valuing TDCX by comparing valuation metrics with similar companies.

Network 1 Technologies Civeo Corp BrightView Holdings Maximus CBIZ Inc Viad Corp Cass Information Systems Teleperformance SE PFSweb Inc Rentokil Initial PLC Unifirst AZZ Incorporated SP Plus Corp First Advantage Corp American Airlines Group

Risk & Return

Correlation

TDCX Corporate Management

Byron Fernandez	Executive Officer	Profile
Angie Tay	Thailand, Singapore	Profile
Meera Karmakar	General Counsel	Profile
Edward CFA	Exec Director	Profile
Sophie Chelmick	Executive Europe	Profile

Still Interested in TDCX Inc ADR?

Investing in delisted delisted stocks can be risky, as the stock 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC