Textainer Group Correlations
| TGHDelisted Stock | USD 40.91 0.28 0.69% |
The current 90-days correlation between Textainer Group Holdings and Triton International Limited is -0.05 (i.e., Good diversification). The correlation of Textainer Group 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.
Textainer Group Correlation With Market
Good diversification
The correlation between Textainer Group Holdings and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Textainer Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
Textainer |
Moving together with Textainer Stock
| 0.88 | MSB | Mesabi Trust | PairCorr |
| 0.7 | NTNX | Nutanix Earnings Call This Week | PairCorr |
| 0.82 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.8 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.82 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.62 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.74 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.94 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.72 | T | ATT Inc Aggressive Push | PairCorr |
| 0.75 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.81 | WMT | Walmart Aggressive Push | PairCorr |
| 0.84 | HPQ | HP Inc | PairCorr |
Moving against Textainer Stock
| 0.89 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.68 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.58 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.48 | PG | Procter Gamble | 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 Textainer Stock performing well and Textainer Group 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 Textainer Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| R | 1.46 | 0.08 | 0.10 | 0.17 | 1.46 | 3.32 | 7.72 | |||
| TRTN-PB | 0.18 | 0.02 | (0.33) | 1.32 | 0.20 | 0.40 | 1.28 | |||
| AL | 1.25 | (0.01) | 0.05 | 0.12 | 1.34 | 2.92 | 7.58 | |||
| HRI | 2.17 | 0.51 | 0.38 | 0.36 | 1.14 | 6.47 | 20.05 | |||
| ALTG | 3.17 | 0.06 | 0.09 | 0.14 | 3.64 | 6.88 | 25.52 | |||
| MGRC | 1.38 | 0.12 | 0.05 | 0.26 | 1.53 | 3.07 | 11.62 | |||
| GATX | 1.11 | 0.07 | 0.10 | 0.17 | 0.91 | 2.79 | 8.69 | |||
| MPU | 4.32 | (0.04) | (0.02) | (0.01) | 6.26 | 10.06 | 36.32 | |||
| FTAIM | 0.54 | 0.09 | (0.04) | 1.39 | 0.53 | 1.38 | 3.64 |
Textainer Group 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 Textainer Group stock to make a market-neutral strategy. Peer analysis of Textainer Group could also be used in its relative valuation, which is a method of valuing Textainer Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Textainer Group Holdings?
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.