Tera Software Correlations

TERASOFT

176.68 8.33 4.50%

The current 90-days correlation between Tera Software Limited and Vertoz Advertising Limited is -0.02 (i.e., Good diversification). The correlation of Tera Software 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.

Tera Software Correlation With Market

Average diversification

The correlation between Tera Software Limited and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tera Software Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	OMKARCHEM	ONMOBILE	CHEMBOND	VERTOZ	CHAMBLFERT	ROUTE	FACT	RCF
OMKARCHEM		0.45	-0.03	0.33	-0.31	0.27	-0.44	-0.23	OMKARCHEM
ONMOBILE	0.45		-0.01	0.53	0.0	0.79	-0.15	0.11	ONMOBILE
CHEMBOND	-0.03	-0.01		0.25	0.31	0.03	0.39	0.54	CHEMBOND
VERTOZ	0.33	0.53	0.25		0.04	0.73	-0.17	0.13	VERTOZ
CHAMBLFERT	-0.31	0.0	0.31	0.04		-0.11	0.89	0.84	CHAMBLFERT
ROUTE	0.27	0.79	0.03	0.73	-0.11		-0.25	0.03	ROUTE
FACT	-0.44	-0.15	0.39	-0.17	0.89	-0.25		0.91	FACT
RCF	-0.23	0.11	0.54	0.13	0.84	0.03	0.91		RCF
	OMKARCHEM	ONMOBILE	CHEMBOND	VERTOZ	CHAMBLFERT	ROUTE	FACT	RCF

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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

RCF	+ 0.91	FACT
FACT	+ 0.89	CHAMBLFERT
RCF	+ 0.84	CHAMBLFERT
ROUTE	+ 0.79	ONMOBILE
ROUTE	+ 0.73	VERTOZ
RCF	+ 0.54	CHEMBOND

High negative correlations

FACT	- 0.44	OMKARCHEM
CHAMBLFERT	- 0.31	OMKARCHEM
FACT	- 0.25	ROUTE
RCF	- 0.23	OMKARCHEM
FACT	- 0.17	VERTOZ
FACT	- 0.15	ONMOBILE

Risk-Adjusted Indicators

There is a big difference between Tera Stock performing well and Tera Software 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 Tera Software'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
OMKARCHEM	2.16	0.15	0.04	0.24	2.39	(4.13)	4.97	(5.03)	15.26
ONMOBILE	2.26	(0.13)	0.00	(0.17)	0.00	0.00	4.04	(5.27)	23.50
CHEMBOND	1.57	0.05	0.02	0.10	2.01	(1.68)	3.44	(3.58)	11.81
VERTOZ	2.80	(1.06)	0.00	2.36	0.00	0.00	4.87	(5.06)	16.44
CHAMBLFERT	1.75	(0.10)	0.00	(0.42)	0.00	0.00	3.56	(3.97)	10.28
ROUTE	1.08	(0.20)	0.00	2.48	0.00	0.00	2.10	(2.21)	7.97
FACT	2.22	0.07	0.02	0.72	2.92	(2.18)	4.43	(4.93)	17.58
RCF	2.26	0.04	0.01	(9.05)	2.97	(2.38)	4.60	(5.66)	13.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tera Software 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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Tera Software Corporate Management

Elected by the shareholders, the Tera Software's board of directors comprises two types of representatives: Tera Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tera. The board's role is to monitor Tera Software's management team and ensure that shareholders' interests are well served. Tera Software's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tera Software's outside directors are responsible for providing unbiased perspectives on the board's policies.

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BCom ACS	Company Officer	Profile
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