Tryg AS Correlations

TGVSF Stock

USD 25.00 0.00 0.00%

The current 90-days correlation between Tryg AS and Gjensidige Forsikring Asa is 0.08 (i.e., Significant 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.

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

0.69	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.79	BMYMP	Bristol Myers Squibb	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.78	BAC	Bank of America Aggressive Push	Pair Corr
0.68	GWW	WW Grainger	Pair Corr
0.62	REGN	Regeneron Pharmaceuticals	Pair Corr
0.62	ZPTA	Zapata Computing Holdings Buyout Trend	Pair Corr
0.64	ALVLF	Big Ridge Gold	Pair Corr
0.8	CX	Cemex SAB de Aggressive Push	Pair Corr
0.63	RLMD	Relmada Therapeutics	Pair Corr
0.8	APGE	Apogee Therapeutics,	Pair Corr
0.8	GM	General Motors	Pair Corr

Moving against Tryg OTC Stock

0.76	NTNX	Nutanix	Pair Corr
0.65	MSFT	Microsoft Sell-off Trend	Pair Corr
0.41	RYSKF	Reysas Tasimacilik	Pair Corr
0.4	CYPS	Cyclo3pss	Pair Corr
0.45	12532HAF1	GIBACN 23 14	Pair Corr

Related Correlations Analysis

	GJNSY	HELNF	HLVTY	AGESY	MPFRF	UFGSY	BLHEY	BLHEF	AMIGF	BBSEY
GJNSY		0.49	0.21	0.64	0.0	0.16	0.55	0.0	-0.36	0.19	GJNSY
HELNF	0.49		0.17	0.84	0.0	0.71	0.54	0.0	-0.58	0.45	HELNF
HLVTY	0.21	0.17		0.1	0.0	0.41	-0.03	0.0	-0.05	0.18	HLVTY
AGESY	0.64	0.84	0.1		0.0	0.51	0.62	0.0	-0.72	0.51	AGESY
MPFRF	0.0	0.0	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	MPFRF
UFGSY	0.16	0.71	0.41	0.51	0.0		0.27	0.0	-0.46	0.44	UFGSY
BLHEY	0.55	0.54	-0.03	0.62	0.0	0.27		0.0	-0.58	0.36	BLHEY
BLHEF	0.0	0.0	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	BLHEF
AMIGF	-0.36	-0.58	-0.05	-0.72	0.0	-0.46	-0.58	0.0		-0.69	AMIGF
BBSEY	0.19	0.45	0.18	0.51	0.0	0.44	0.36	0.0	-0.69		BBSEY
	GJNSY	HELNF	HLVTY	AGESY	MPFRF	UFGSY	BLHEY	BLHEF	AMIGF	BBSEY

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

AGESY	+ 0.84	HELNF
UFGSY	+ 0.71	HELNF
AGESY	+ 0.64	GJNSY
BLHEY	+ 0.62	AGESY
BLHEY	+ 0.55	GJNSY
BLHEY	+ 0.54	HELNF

High negative correlations

BLHEF	- 1.0	MPFRF
AMIGF	- 0.72	AGESY
BBSEY	- 0.69	AMIGF
AMIGF	- 0.58	BLHEY
AMIGF	- 0.58	HELNF
AMIGF	- 0.46	UFGSY

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	2.20	0.18	0.03	(0.97)	2.18	(2.96)	5.98	(3.62)	15.34
HELNF	2.37	1.02	0.00	0.45	0.00	0.00	0.00	0.00	73.93
HLVTY	1.49	0.75	0.00	9.24	0.00	0.00	0.00	0.00	49.26
AGESY	0.74	0.09	0.03	0.75	0.86	(0.79)	1.43	(1.43)	5.23
MPFRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UFGSY	0.60	0.18	0.03	(0.37)	0.55	(2.35)	2.34	(1.45)	10.34
BLHEY	1.19	(0.12)	0.00	0.78	0.00	0.00	2.91	(4.42)	12.81
BLHEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMIGF	0.29	(0.10)	0.00	(0.72)	0.00	0.00	0.00	0.00	9.02
BBSEY	1.57	0.02	0.00	0.11	1.82	(1.76)	3.39	(3.02)	9.17

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.

Did you try this?

Run Sync Your Broker Now

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.

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

2025 Macroaxis LLC