Theglobe Correlations
| TGLO Stock | USD 0.25 0.03 13.64% |
The current 90-days correlation between theglobe and Forge Innovation Development is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Theglobe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if theglobe moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Theglobe Correlation With Market
Excellent diversification
The correlation between theglobe and DJI is -0.65 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding theglobe and DJI in the same portfolio, assuming nothing else is changed.
Theglobe |
The ability to find closely correlated positions to Theglobe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Theglobe 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 Theglobe - 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 theglobe to buy it.
Moving against Theglobe Pink Sheet
| 0.79 | CMA | Comerica Incorporated | PairCorr |
| 0.78 | ADEA | ADEIA P | PairCorr |
| 0.74 | VOD | Vodafone Group PLC | PairCorr |
| 0.72 | WLK | Westlake Chemical Earnings Call Today | PairCorr |
| 0.7 | RHHVF | Roche Holding AG | PairCorr |
| 0.68 | KT | KT Corporation | PairCorr |
| 0.68 | STRS | Stratus Properties | PairCorr |
| 0.65 | NTRSO | Northern Trust | PairCorr |
| 0.65 | LNN | Lindsay | PairCorr |
| 0.64 | CING | Cingulate | PairCorr |
| 0.64 | INGR | Ingredion Incorporated | PairCorr |
| 0.58 | KRKNF | Kraken Robotics | PairCorr |
| 0.58 | DAWN | Day One Biopharmaceu Earnings Call Today | PairCorr |
| 0.57 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.56 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.54 | AEMMY | A2A SpA ADR | PairCorr |
| 0.53 | SBYSF | Sibanye Stillwater | PairCorr |
| 0.4 | AOIFF | Africa Oil Corp Earnings Call Today | PairCorr |
| 0.39 | ENB | Enbridge | PairCorr |
| 0.38 | XYIGY | Xinyi Glass Holdings Earnings Call This Week | PairCorr |
| 0.36 | ANLDF | Anfield Resources | PairCorr |
| 0.87 | CCL | Carnival | PairCorr |
| 0.77 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.76 | SBKO | Summit Bank Group | PairCorr |
| 0.71 | CLEGF | Coles Group Earnings Call This Week | PairCorr |
| 0.7 | PNC | PNC Financial Services | PairCorr |
| 0.67 | MEEEF | Metal Energy Corp | PairCorr |
| 0.65 | IFS | Intercorp Financial | PairCorr |
| 0.65 | TVFCF | Télévision Française | PairCorr |
| 0.65 | MTZ | MasTec Inc Earnings Call This Week | PairCorr |
| 0.64 | ACGL | Arch Capital Group | PairCorr |
| 0.63 | BNL | Broadstone Net Lease | PairCorr |
| 0.61 | JNJ | Johnson Johnson | PairCorr |
| 0.6 | TWMIF | Tidewater Midstream and | PairCorr |
| 0.56 | OTSKY | Otsuka Holdings | PairCorr |
| 0.53 | BYM | BlackRock Municipal | 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 Theglobe Pink Sheet performing well and Theglobe 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 Theglobe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FGNV | 0.33 | 0.17 | 0.00 | (0.61) | 0.00 | 0.00 | 11.00 | |||
| RDCO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| USNL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FUTL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PCLI | 6.56 | 0.82 | 0.03 | 1.41 | 8.90 | 22.16 | 108.84 | |||
| MBLV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TDRK | 5.95 | 1.66 | 0.07 | (2.40) | 6.85 | 20.00 | 80.95 | |||
| UBYH | 6.43 | 1.47 | 0.00 | 3.56 | 0.00 | 25.00 | 195.71 | |||
| FLLLF | 5.53 | 3.08 | 0.00 | (0.93) | 0.00 | 0.00 | 116.39 | |||
| FTPM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Theglobe without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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