Triumph Correlations
| TGIDelisted Stock | USD 287.40 5.40 1.91% |
The correlation of Triumph 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.
Triumph Correlation With Market
Significant diversification
The correlation between Triumph Group and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triumph Group and DJI in the same portfolio, assuming nothing else is changed.
Triumph |
Moving together with Triumph Stock
| 0.63 | WMT | Walmart Common Stock | PairCorr |
| 0.84 | MRK | Merck Company | PairCorr |
| 0.85 | CSCO | Cisco Systems | PairCorr |
| 0.61 | PFE | Pfizer Inc | PairCorr |
| 0.89 | DD | Dupont De Nemours | PairCorr |
| 0.72 | KO | Coca Cola | PairCorr |
| 0.72 | CAT | Caterpillar | PairCorr |
| 0.8 | TRV | The Travelers Companies | PairCorr |
| 0.65 | BAC | Bank of America Earnings Call This Week | PairCorr |
Moving against Triumph Stock
| 0.86 | MSFT | Microsoft | PairCorr |
| 0.68 | HCMC | Healthier Choices | PairCorr |
| 0.65 | PG | Procter Gamble | PairCorr |
| 0.56 | CMWCF | Cromwell Property | PairCorr |
| 0.38 | T | ATT Inc | 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
|
Risk-Adjusted Indicators
There is a big difference between Triumph Stock performing well and Triumph 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 Triumph'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TGH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENOV | 2.17 | (0.32) | 0.00 | (0.09) | 0.00 | 4.78 | 14.53 | |||
| SHPW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATSG | 0.10 | 0.02 | (0.29) | 0.73 | 0.00 | 0.40 | 0.81 | |||
| HOLI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KAMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VRTV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NVEE | 1.18 | 0.37 | 0.27 | 1.57 | 0.76 | 2.64 | 20.67 | |||
| PGTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UPBD | 2.12 | (0.36) | 0.00 | (0.13) | 0.00 | 4.61 | 19.87 |
Triumph 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 Triumph stock to make a market-neutral strategy. Peer analysis of Triumph could also be used in its relative valuation, which is a method of valuing Triumph by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Triumph Group?
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.