Tryg AS Correlations

TGVSF Stock

USD 25.12 0.00 0.00%

The current 90-days correlation between Tryg AS and Gjensidige Forsikring Asa is 0.14 (i.e., Average diversification). The correlation of Tryg AS 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.

Tryg AS Correlation With Market

Average diversification

The correlation between Tryg AS 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 Tryg AS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tryg OTC Stock

0.73	BMYMP	Bristol Myers Squibb	Pair Corr
0.61	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.88	BNPQY	BNP Paribas SA	Pair Corr
0.79	SMEGF	Siemens Energy AG	Pair Corr
0.82	EDVMF	Endeavour Mining Corp	Pair Corr
0.62	PILBF	Pilbara Minerals	Pair Corr
0.64	WEGZY	WEG SA ADR	Pair Corr
0.75	RIOFF	Rio2 Limited	Pair Corr
0.89	FOSL	Fossil Group	Pair Corr
0.83	GVA	Granite Construction	Pair Corr
0.7	VLY	Valley National Bancorp Earnings Call Today	Pair Corr
0.71	NTR	Nutrien	Pair Corr
0.87	DTSQU	DT Cloud Star	Pair Corr

Moving against Tryg OTC Stock

0.6	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.41	BKRKF	PT Bank Rakyat	Pair Corr
0.41	PTAIF	PT Astra International	Pair Corr
0.61	ASST	Strive Asset Management	Pair Corr
0.32	STTTF	Splitit Payments	Pair Corr
0.65	CNTRF	Centr Brands Corp	Pair Corr
0.54	TRRGF	Transatlantic Mining Corp	Pair Corr

Related Correlations Analysis

	GJNSY	HELNF	HLVTY	AGESY	MPFRF	UFGSY	BLHEY	BLHEF	AMIGF	BBSEY
GJNSY		0.7	0.32	0.78	0.0	0.36	0.65	0.0	-0.44	0.56	GJNSY
HELNF	0.7		0.71	0.9	0.0	0.58	0.82	0.0	-0.47	0.5	HELNF
HLVTY	0.32	0.71		0.62	0.0	0.6	0.7	0.0	-0.36	0.38	HLVTY
AGESY	0.78	0.9	0.62		0.0	0.5	0.81	0.0	-0.52	0.54	AGESY
MPFRF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MPFRF
UFGSY	0.36	0.58	0.6	0.5	0.0		0.66	0.0	-0.56	0.5	UFGSY
BLHEY	0.65	0.82	0.7	0.81	0.0	0.66		0.0	-0.51	0.58	BLHEY
BLHEF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BLHEF
AMIGF	-0.44	-0.47	-0.36	-0.52	0.0	-0.56	-0.51	0.0		-0.57	AMIGF
BBSEY	0.56	0.5	0.38	0.54	0.0	0.5	0.58	0.0	-0.57		BBSEY
	GJNSY	HELNF	HLVTY	AGESY	MPFRF	UFGSY	BLHEY	BLHEF	AMIGF	BBSEY

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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

AGESY	+ 0.9	HELNF
BLHEY	+ 0.82	HELNF
BLHEY	+ 0.81	AGESY
AGESY	+ 0.78	GJNSY
HLVTY	+ 0.71	HELNF
HELNF	+ 0.7	GJNSY

High negative correlations

BBSEY	- 0.57	AMIGF
AMIGF	- 0.56	UFGSY
AMIGF	- 0.52	AGESY
AMIGF	- 0.51	BLHEY
AMIGF	- 0.47	HELNF
AMIGF	- 0.44	GJNSY

Risk-Adjusted Indicators

There is a big difference between Tryg OTC Stock performing well and Tryg AS 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 Tryg AS'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
GJNSY	2.07	(0.06)	(0.02)	0.00	2.29	(2.69)	5.67	(3.62)	12.38
HELNF	2.37	1.10	0.00	0.63	0.00	0.00	0.00	0.00	73.93
HLVTY	0.21	0.09	0.00	0.61	0.00	0.00	0.00	0.00	5.69
AGESY	0.84	0.07	0.01	0.47	0.99	(0.88)	1.68	(1.54)	5.23
MPFRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UFGSY	0.70	0.20	0.00	(7.03)	0.00	0.00	2.77	(1.45)	10.34
BLHEY	1.42	(0.06)	0.00	(0.02)	0.00	0.00	7.84	(4.97)	24.25
BLHEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMIGF	0.46	(0.15)	0.00	0.88	0.00	0.00	0.00	(2.34)	8.99
BBSEY	1.70	0.19	0.07	0.63	1.91	(1.94)	3.39	(3.02)	9.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tryg AS 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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