1933 Industries Correlations
| TGIFF Stock | USD 0 0.0009 22.50% |
The correlation of 1933 Industries 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.
1933 Industries Correlation With Market
Good diversification
The correlation between 1933 Industries and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1933 Industries and DJI in the same portfolio, assuming nothing else is changed.
1933 |
The ability to find closely correlated positions to 1933 Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 1933 Industries 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 1933 Industries - 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 1933 Industries to buy it.
Moving together with 1933 OTC Stock
| 0.69 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.68 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.66 | TAK | Takeda Pharmaceutical | PairCorr |
Moving against 1933 OTC Stock
| 0.69 | ZVIA | Zevia Pbc | PairCorr |
| 0.43 | GILD | Gilead Sciences | PairCorr |
| 0.41 | SLF | Sun Life Financial | PairCorr |
| 0.39 | SIGL | Signal Advance | PairCorr |
| 0.37 | TEVA | Teva Pharma Industries | PairCorr |
| 0.72 | WMT | Walmart | PairCorr |
| 0.69 | SLSR | Solaris Resources | PairCorr |
| 0.68 | ACHR | Archer Aviation | PairCorr |
| 0.68 | AROC | Archrock | PairCorr |
| 0.66 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.63 | JBL | Jabil Circuit | PairCorr |
| 0.61 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.61 | VST | Vistra Energy Corp | PairCorr |
| 0.6 | MITQ | Moving iMage Technologies | PairCorr |
| 0.56 | HBI | Hanesbrands Sell-off Trend | PairCorr |
| 0.51 | RUM | Rumble Inc Buyout Trend | PairCorr |
| 0.5 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.46 | MOGO | Mogo Inc | PairCorr |
| 0.33 | MO | Altria Group | PairCorr |
| 0.77 | CLS | Celestica | PairCorr |
| 0.73 | AAL | American Airlines Earnings Call This Week | PairCorr |
| 0.72 | TATT | Tat Techno | PairCorr |
| 0.69 | FSK | FS KKR Capital | PairCorr |
| 0.67 | FWONK | Liberty Media | PairCorr |
| 0.66 | WSM | Williams Sonoma | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 1933 OTC Stock performing well and 1933 Industries OTC Stock 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 1933 Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IGPK | 6.05 | (0.26) | 0.00 | (0.22) | 0.00 | 12.50 | 47.14 | |||
| CBGL | 17.36 | 4.58 | 0.08 | (2.15) | 15.80 | 100.00 | 150.00 | |||
| HMPQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CBDHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CTABF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BINP | 8.63 | 1.94 | 0.05 | (0.20) | 11.66 | 31.82 | 127.61 | |||
| HLTRF | 1.95 | 0.00 | 0.00 | 0.03 | 3.39 | 7.00 | 20.30 | |||
| CRRTF | 0.40 | (0.15) | 0.00 | (0.27) | 0.00 | 0.00 | 17.98 | |||
| CNTRF | 6.91 | 0.97 | 0.00 | (0.36) | 0.00 | 0.00 | 213.33 | |||
| MEDIF | 3.25 | (0.11) | 0.00 | 0.13 | 0.00 | 6.82 | 18.95 |
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1933 Industries Corporate Management
Elected by the shareholders, the 1933 Industries' board of directors comprises two types of representatives: 1933 Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 1933. The board's role is to monitor 1933 Industries' management team and ensure that shareholders' interests are well served. 1933 Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, 1933 Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brent Hilton | Controller | Profile | |
| Ester Vigil | Director Sales | Profile | |
| Alexia Helgason | VP Communication | Profile | |
| Marion McGrath | Company Sec | Profile | |
| Paul LLB | CEO Chairman | Profile | |
| Caleb Zobrist | Exec Counsel | Profile | |
| Steven Licon | Sr Operations | Profile |