Teligent Correlations

TGNT Stock

USD 0.02 0 4.17%

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

Average diversification

The correlation between Teligent and DJI is 0.12 (i.e., Average 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 against Teligent Pink Sheet

0.78	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.63	DNTUF	Dentsu Inc	Pair Corr
0.63	DNTUY	Dentsu Inc ADR	Pair Corr
0.59	PGPEF	Publicis Groupe SA	Pair Corr
0.44	TLK	Telkom Indonesia Tbk	Pair Corr
0.32	EC	Ecopetrol SA ADR	Pair Corr
0.8	IDN	Intellicheck Mobilisa	Pair Corr
0.69	SHIP	Seanergy Maritime	Pair Corr
0.64	DDS	Dillards,	Pair Corr
0.5	PPERY	Bank Mandiri Persero	Pair Corr
0.42	NOEM	CO2 Energy Transition	Pair Corr
0.42	GM	General Motors	Pair Corr
0.37	ALVLF	Big Ridge Gold	Pair Corr
0.36	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.68	GSVRF	Guanajuato Silver	Pair Corr
0.68	PHAR	Pharming Group NV	Pair Corr
0.66	DNLMY	Dunelm Group PLC	Pair Corr
0.59	AKAM	Akamai Technologies	Pair Corr

Related Correlations Analysis

	OPESF	NUVR	SPMMF	IFUS	SCGY	ELRE	MOBQ	SNIPF
OPESF		0.0	1.0	0.0	0.0	0.0	0.0	0.0	OPESF
NUVR	0.0		0.0	-0.44	-0.41	-0.23	-0.44	-0.36	NUVR
SPMMF	1.0	0.0		0.0	0.0	0.0	0.0	0.0	SPMMF
IFUS	0.0	-0.44	0.0		0.38	0.18	0.22	0.35	IFUS
SCGY	0.0	-0.41	0.0	0.38		0.15	0.14	0.14	SCGY
ELRE	0.0	-0.23	0.0	0.18	0.15		0.26	0.37	ELRE
MOBQ	0.0	-0.44	0.0	0.22	0.14	0.26		0.38	MOBQ
SNIPF	0.0	-0.36	0.0	0.35	0.14	0.37	0.38		SNIPF
	OPESF	NUVR	SPMMF	IFUS	SCGY	ELRE	MOBQ	SNIPF

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

SPMMF	+ 1.0	OPESF
SCGY	+ 0.38	IFUS
SNIPF	+ 0.38	MOBQ
SNIPF	+ 0.37	ELRE
SNIPF	+ 0.35	IFUS
MOBQ	+ 0.26	ELRE

High negative correlations

MOBQ	- 0.44	NUVR
IFUS	- 0.44	NUVR
SCGY	- 0.41	NUVR
SNIPF	- 0.36	NUVR
ELRE	- 0.23	NUVR
SNIPF	- 0.0	SPMMF

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
OPESF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NUVR	1.65	0.16	0.05	0.22	2.35	(2.50)	4.53	(3.28)	19.27
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFUS	4.81	(0.25)	0.00	0.24	0.00	0.00	12.37	(9.46)	39.63
SCGY	2.67	(1.36)	0.00	7.05	0.00	0.00	0.00	0.00	89.62
ELRE	2.67	0.10	0.00	0.12	0.00	0.00	0.00	(6.52)	76.08
MOBQ	5.83	(0.29)	0.00	(0.19)	0.00	0.00	14.29	(11.11)	35.48
SNIPF	3.98	0.21	0.02	(0.22)	4.96	(6.74)	13.99	(6.74)	37.32

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.

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