Theglobe Correlations

TGLO Stock

USD 0.36 0.03 7.69%

The current 90-days correlation between theglobe and First Northern Community is -0.04 (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 -0.53 (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.

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 together with Theglobe Pink Sheet

0.66

APVO

Aptevo Therapeutics

Pair Corr

Moving against Theglobe Pink Sheet

0.66	BA	Boeing	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.46	BAC	Bank of America Aggressive Push	Pair Corr
0.44	JPM	JPMorgan Chase	Pair Corr
0.4	CVX	Chevron Corp	Pair Corr
0.37	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.36	WNC	Wabash National Earnings Call This Week	Pair Corr
0.32	CAT	Caterpillar	Pair Corr

Related Correlations Analysis

	BTOW	SCGX	FIZN	MLGF	TSCFY	TSRUF	FNRN	CFNB	PASMF	CLIUF
BTOW		-0.2	0.0	0.73	0.0	-0.75	0.44	0.55	0.43	0.0	BTOW
SCGX	-0.2		0.0	-0.12	0.0	0.26	-0.1	-0.27	-0.29	0.0	SCGX
FIZN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FIZN
MLGF	0.73	-0.12	0.0		0.0	-0.65	0.25	0.59	0.21	0.0	MLGF
TSCFY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TSCFY
TSRUF	-0.75	0.26	0.0	-0.65	0.0		-0.73	-0.78	-0.49	0.0	TSRUF
FNRN	0.44	-0.1	0.0	0.25	0.0	-0.73		0.48	0.45	0.0	FNRN
CFNB	0.55	-0.27	0.0	0.59	0.0	-0.78	0.48		0.54	0.0	CFNB
PASMF	0.43	-0.29	0.0	0.21	0.0	-0.49	0.45	0.54		0.0	PASMF
CLIUF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CLIUF
	BTOW	SCGX	FIZN	MLGF	TSCFY	TSRUF	FNRN	CFNB	PASMF	CLIUF

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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

MLGF	+ 0.73	BTOW
CFNB	+ 0.59	MLGF
CFNB	+ 0.55	BTOW
PASMF	+ 0.54	CFNB
CFNB	+ 0.48	FNRN
PASMF	+ 0.45	FNRN

High negative correlations

CFNB	- 0.78	TSRUF
TSRUF	- 0.75	BTOW
FNRN	- 0.73	TSRUF
TSRUF	- 0.65	MLGF
PASMF	- 0.49	TSRUF
PASMF	- 0.29	SCGX

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
BTOW	1.85	0.96	0.00	(4.06)	0.00	0.00	0.00	0.00	38.81
SCGX	7.70	2.39	0.00	(0.36)	0.00	0.00	6.25	0.00	154.14
FIZN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLGF	0.95	0.04	0.01	0.15	1.30	(1.37)	2.47	(2.92)	12.28
TSCFY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSRUF	0.24	(0.14)	0.00	(1.27)	0.00	0.00	0.00	0.00	3.87
FNRN	0.29	0.10	0.12	2.58	0.00	(0.55)	1.00	(0.22)	3.04
CFNB	1.05	0.37	0.27	(3.62)	0.29	(2.59)	3.35	(1.09)	18.19
PASMF	0.20	0.05	0.00	(0.41)	0.00	0.00	0.00	0.00	6.16
CLIUF	0.00	0.00	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.

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