Toggle3Dai Correlations
| TGGLF Stock | 0.03 0.0008 2.62% |
The current 90-days correlation between Toggle3Dai and Graph Blockchain is -0.34 (i.e., Very good diversification). The correlation of Toggle3Dai 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.
Toggle3Dai Correlation With Market
Good diversification
The correlation between Toggle3Dai and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toggle3Dai and DJI in the same portfolio, assuming nothing else is changed.
Toggle3Dai |
The ability to find closely correlated positions to Toggle3Dai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toggle3Dai 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 Toggle3Dai - 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 Toggle3Dai to buy it.
Moving against Toggle3Dai Pink Sheet
| 0.45 | ADC | Agree Realty | PairCorr |
| 0.34 | WOLF | Wolfspeed, | PairCorr |
| 0.57 | CYPS | Cyclo3pss | PairCorr |
| 0.46 | SMGKF | Smiths Group plc | PairCorr |
| 0.45 | AMD | Advanced Micro Devices Aggressive Push | PairCorr |
| 0.39 | HMDCF | HUTCHMED Limited | PairCorr |
| 0.33 | STAG | STAG Industrial | 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 Toggle3Dai Pink Sheet performing well and Toggle3Dai 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 Toggle3Dai'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| REGRF | 42.41 | 14.69 | 0.36 | (38.57) | 23.47 | 128.57 | 863.66 | |||
| EPAZ | 10.09 | (0.55) | 0.00 | (0.04) | 0.00 | 21.31 | 62.62 | |||
| APTY | 9.71 | 1.01 | 0.05 | 0.40 | 10.46 | 33.33 | 58.33 | |||
| ENETF | 1.49 | (0.73) | 0.00 | 1.19 | 0.00 | 0.00 | 50.00 | |||
| SBIG | 8.67 | (0.51) | 0.00 | 0.51 | 0.00 | 20.00 | 61.50 | |||
| TIOG | 70.50 | 28.53 | 0.53 | 13.74 | 36.05 | 180.00 | 613.46 | |||
| NAHD | 2.20 | (1.10) | 0.00 | (0.85) | 0.00 | 0.00 | 73.60 | |||
| TMIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WANSF | 123.20 | 74.34 | 0.93 | (0.26) | 18.41 | 60.00 | 3,815 | |||
| KTPPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Toggle3Dai 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 Toggle3Dai pink sheet to make a market-neutral strategy. Peer analysis of Toggle3Dai could also be used in its relative valuation, which is a method of valuing Toggle3Dai by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |