Terra Income Correlations

TFSA Stock

USD 24.88 0.27 1.10%

The current 90-days correlation between Terra Income and Terra Property Trust, is 0.05 (i.e., Significant diversification). The correlation of Terra Income 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.

Terra Income Correlation With Market

Good diversification

The correlation between Terra Income and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Terra Income and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Terra Stock

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

For information on how to trade Terra Stock refer to our How to Trade Terra Stock guide.

Moving together with Terra Stock

0.61	BK	Bank of New York	Pair Corr
0.65	PCFT	Polar Capital Global	Pair Corr
0.62	SII	Sprott Inc	Pair Corr

Moving against Terra Stock

0.6	TY	Tri Continental Closed	Pair Corr
0.48	TEK	Tekcapital plc	Pair Corr
0.34	WTL	WT Financial Group	Pair Corr
0.6	MEC	Morphic Ethical Equities	Pair Corr
0.6	SSSS-P	Shooting Star Acquisition	Pair Corr
0.58	GCMGW	GCM Grosvenor	Pair Corr
0.56	PNI	Pinnacle Investment	Pair Corr
0.52	IPX	Impax Asset Management	Pair Corr
0.44	MFG	Magellan Financial	Pair Corr
0.59	TIP	Teaminvest Private	Pair Corr
0.52	KUR-H	Kure Technologies	Pair Corr
0.42	BCBN	Base Carbon	Pair Corr
0.4	OEQ	Orion Equities	Pair Corr
0.34	ECAT	BlackRock ESG Capital	Pair Corr

Related Correlations Analysis

	TPTA	REAIX	REACX	TRREX	DHC	NBRFX	SCCE	FREEX	VGISX
TPTA		-0.28	-0.28	0.33	0.87	-0.63	0.74	-0.55	-0.38	TPTA
REAIX	-0.28		0.79	0.21	-0.27	0.72	-0.37	0.35	0.7	REAIX
REACX	-0.28	0.79		0.32	-0.21	0.88	-0.38	0.52	0.91	REACX
TRREX	0.33	0.21	0.32		0.36	0.21	0.43	-0.27	0.48	TRREX
DHC	0.87	-0.27	-0.21	0.36		-0.54	0.76	-0.46	-0.26	DHC
NBRFX	-0.63	0.72	0.88	0.21	-0.54		-0.54	0.6	0.89	NBRFX
SCCE	0.74	-0.37	-0.38	0.43	0.76	-0.54		-0.65	-0.3	SCCE
FREEX	-0.55	0.35	0.52	-0.27	-0.46	0.6	-0.65		0.43	FREEX
VGISX	-0.38	0.7	0.91	0.48	-0.26	0.89	-0.3	0.43		VGISX
	TPTA	REAIX	REACX	TRREX	DHC	NBRFX	SCCE	FREEX	VGISX

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

VGISX	+ 0.91	REACX
VGISX	+ 0.89	NBRFX
NBRFX	+ 0.88	REACX
DHC	+ 0.87	TPTA
REACX	+ 0.79	REAIX
SCCE	+ 0.76	DHC

High negative correlations

FREEX	- 0.65	SCCE
NBRFX	- 0.63	TPTA
FREEX	- 0.55	TPTA
SCCE	- 0.54	NBRFX
NBRFX	- 0.54	DHC
FREEX	- 0.46	DHC

Risk-Adjusted Indicators

There is a big difference between Terra Stock performing well and Terra Income 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 Terra Income'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
TPTA	0.41	0.04	(0.02)	0.81	0.49	(0.46)	0.88	(1.23)	3.59
REAIX	0.54	(0.04)	0.00	(0.03)	0.00	0.00	1.05	(1.21)	3.76
REACX	0.55	(0.04)	0.00	(0.03)	0.00	0.00	1.05	(1.21)	3.81
TRREX	0.63	0.03	(0.01)	0.14	0.78	(0.69)	1.26	(1.07)	6.18
DHC	1.71	0.10	0.03	0.26	2.04	(1.96)	4.02	(3.86)	9.72
NBRFX	0.55	(0.05)	0.00	(0.07)	0.00	0.00	1.12	(1.24)	3.70
SCCE	0.41	0.02	(0.06)	0.46	0.59	(0.39)	0.92	(0.96)	3.31
FREEX	0.62	(0.10)	0.00	(0.53)	0.00	0.00	1.06	(1.23)	6.71
VGISX	0.47	(0.03)	(0.09)	(0.02)	0.70	(0.44)	0.86	(1.22)	2.96

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