Teligent Correlations

TGNT Stock

USD 0.02 0 6.67%

The current 90-days correlation between Teligent and The Detroit Legal is 0.11 (i.e., Average diversification). The correlation of Teligent 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Teligent Correlation With Market

Excellent diversification

The correlation between Teligent and DJI is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teligent and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Teligent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teligent 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 Teligent - 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 Teligent to buy it.

Moving together with Teligent Pink Sheet

0.69	CYGIY	CyberAgent ADR	Pair Corr
0.75	PBCRY	Bank Central Asia	Pair Corr
0.62	BROGF	BROGF	Pair Corr

Moving against Teligent Pink Sheet

0.85	SPLPP	Steel Partners Holdings	Pair Corr
0.79	ENS	Enersys Earnings Call This Week	Pair Corr
0.77	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.75	MAT	Mattel Inc Earnings Call Tomorrow	Pair Corr
0.72	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.63	APETF	Alpha Esports Tech	Pair Corr
0.6	WPPGF	WPP plc	Pair Corr
0.59	RCKY	Rocky Brands	Pair Corr
0.57	RILYL	B Riley Financial	Pair Corr
0.56	JCDXF	JCDecaux SA	Pair Corr
0.56	PTAIY	Astra International Tbk Downward Rally	Pair Corr
0.48	AMPH	Amphastar P	Pair Corr
0.47	SCLTF	Searchlight Resources	Pair Corr
0.44	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.39	PGPEF	Publicis Groupe SA	Pair Corr
0.38	DNTUF	Dentsu Inc Earnings Call This Week	Pair Corr
0.35	OMC	Omnicom Group Earnings Call Tomorrow	Pair Corr
0.85	BNKHF	BOC Hong Kong	Pair Corr
0.85	COMP	Compass Aggressive Push	Pair Corr
0.83	KCDMY	Kimberly Clark de	Pair Corr
0.82	NEWTH	NewtekOne 8625 percent	Pair Corr
0.82	OBYCF	Obayashi Earnings Call Today	Pair Corr
0.66	PGEZF	Group Ten Metals	Pair Corr
0.65	YLLXF	Yellow Cake plc	Pair Corr
0.64	SECVY	Seche Environnement	Pair Corr
0.64	THO	Thor Industries	Pair Corr
0.62	CRH	CRH PLC ADR Sell-off Trend	Pair Corr
0.62	TFLM	TFLM	Pair Corr
0.6	SCAGW	Scage Future Warrants	Pair Corr
0.57	SHPHF	Sihuan Pharmaceutical	Pair Corr

Related Correlations Analysis

	PRSNF	ENTEF	SNIPF	HYPPF	TGRP	BMTM	DTRL	INEOF	SGRB	HMMR
PRSNF		0.11	0.07	-0.17	0.37	0.33	-0.3	0.5	0.0	0.24	PRSNF
ENTEF	0.11		0.75	-0.5	-0.53	0.48	-0.32	0.51	0.0	-0.28	ENTEF
SNIPF	0.07	0.75		-0.54	-0.7	0.28	-0.13	0.52	0.0	-0.16	SNIPF
HYPPF	-0.17	-0.5	-0.54		0.43	-0.27	0.31	-0.56	0.0	0.48	HYPPF
TGRP	0.37	-0.53	-0.7	0.43		0.04	0.08	-0.19	0.0	0.4	TGRP
BMTM	0.33	0.48	0.28	-0.27	0.04		-0.6	0.61	0.0	-0.02	BMTM
DTRL	-0.3	-0.32	-0.13	0.31	0.08	-0.6		-0.37	0.0	0.19	DTRL
INEOF	0.5	0.51	0.52	-0.56	-0.19	0.61	-0.37		0.0	-0.15	INEOF
SGRB	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SGRB
HMMR	0.24	-0.28	-0.16	0.48	0.4	-0.02	0.19	-0.15	0.0		HMMR
	PRSNF	ENTEF	SNIPF	HYPPF	TGRP	BMTM	DTRL	INEOF	SGRB	HMMR

Please upgrade your account to get full access to Macroaxis premium features

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

SNIPF	+ 0.75	ENTEF
INEOF	+ 0.61	BMTM
INEOF	+ 0.52	SNIPF
INEOF	+ 0.51	ENTEF
INEOF	+ 0.5	PRSNF
BMTM	+ 0.48	ENTEF

High negative correlations

TGRP	- 0.7	SNIPF
DTRL	- 0.6	BMTM
INEOF	- 0.56	HYPPF
HYPPF	- 0.54	SNIPF
TGRP	- 0.53	ENTEF
HYPPF	- 0.5	ENTEF

Risk-Adjusted Indicators

There is a big difference between Teligent Pink Sheet performing well and Teligent 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 Teligent'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
PRSNF	2.52	(0.29)	0.00	1.10	0.00	0.00	4.08	(11.57)	46.02
ENTEF	7.13	(0.88)	0.00	(0.21)	0.00	0.00	16.67	(15.25)	35.65
SNIPF	2.99	(0.34)	0.00	(2.95)	0.00	0.00	5.92	(6.06)	25.91
HYPPF	0.81	0.24	0.00	(0.97)	0.00	0.00	0.00	0.00	25.64
TGRP	9.90	1.88	0.08	(1.61)	9.96	(31.51)	26.76	(25.56)	114.13
BMTM	7.90	(0.83)	0.00	(0.26)	0.00	0.00	15.69	(19.72)	92.65
DTRL	2.12	0.32	0.06	0.67	2.47	(4.74)	7.00	(4.58)	30.11
INEOF	6.95	(0.64)	0.00	1.20	0.00	0.00	16.36	(20.42)	74.61
SGRB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMMR	5.34	0.56	0.06	0.28	6.20	(12.53)	13.33	(13.33)	67.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Teligent 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?

Run Bond Analysis Now

Bond Analysis

Evaluate and analyze corporate bonds as a potential investment for your portfolios.

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC