Thunder Bridge Correlations

THCP Stock

USD 11.42 0.11 0.95%

The correlation of Thunder Bridge 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.

Thunder Bridge Correlation With Market

Good diversification

The correlation between Thunder Bridge Capital and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thunder Bridge Capital and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Thunder Bridge Capital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Thunder Stock

0.69	V	Visa Class A	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.82	DIST	Distoken Acquisition	Pair Corr
0.74	BX	Blackstone Group Normal Trading	Pair Corr
0.73	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.68	LC	LendingClub Corp	Pair Corr
0.72	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.84	PX	P10 Inc	Pair Corr
0.67	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.83	WT	WisdomTree	Pair Corr
0.69	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.62	DUET	DUET Acquisition Corp	Pair Corr
0.83	VIRT	Virtu Financial Normal Trading	Pair Corr
0.68	VRTS	Virtus Investment	Pair Corr

Moving against Thunder Stock

0.31	PT	Pintec Technology	Pair Corr
0.74	XP	Xp Inc	Pair Corr
0.57	WU	Western Union	Pair Corr
0.43	RM	Regional Management Corp	Pair Corr
0.34	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.52	BRKHU	BurTech Acquisition Corp	Pair Corr
0.48	BRKHW	BurTech Acquisition Corp	Pair Corr
0.36	ROCLU	Roth CH Acquisition	Pair Corr
0.34	BRACU	Broad Capital Acquisition	Pair Corr

Related Correlations Analysis

	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP
PWUP		0.41	-0.26	0.0	-0.47	0.6	0.55	0.5	0.1	-0.33	PWUP
AUROW	0.41		-0.64	0.0	-0.47	0.77	0.07	0.6	-0.27	0.19	AUROW
444859BR2	-0.26	-0.64		0.0	0.35	-0.55	-0.1	-0.62	0.39	-0.35	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.47	-0.47	0.35	0.0		-0.49	-0.41	-0.41	-0.04	0.12	BRRAY
MSTSX	0.6	0.77	-0.55	0.0	-0.49		0.29	0.69	0.02	-0.11	MSTSX
ABHYX	0.55	0.07	-0.1	0.0	-0.41	0.29		0.59	-0.03	-0.21	ABHYX
LBHIX	0.5	0.6	-0.62	0.0	-0.41	0.69	0.59		-0.26	0.15	LBHIX
SCAXF	0.1	-0.27	0.39	0.0	-0.04	0.02	-0.03	-0.26		-0.78	SCAXF
VIASP	-0.33	0.19	-0.35	0.0	0.12	-0.11	-0.21	0.15	-0.78		VIASP
	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP

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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

MSTSX	+ 0.77	AUROW
LBHIX	+ 0.69	MSTSX
MSTSX	+ 0.6	PWUP
LBHIX	+ 0.6	AUROW
LBHIX	+ 0.59	ABHYX
ABHYX	+ 0.55	PWUP

High negative correlations

VIASP	- 0.78	SCAXF
444859BR2	- 0.64	AUROW
LBHIX	- 0.62	444859BR2
MSTSX	- 0.55	444859BR2
MSTSX	- 0.49	BRRAY
BRRAY	- 0.47	AUROW

Risk-Adjusted Indicators

There is a big difference between Thunder Stock performing well and Thunder Bridge 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 Thunder Bridge'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
PWUP	1.20	0.08	(0.01)	(0.47)	2.43	(2.40)	4.50	(4.59)	20.77
AUROW	9.35	2.11	0.30	0.40	7.73	(13.09)	26.47	(11.84)	99.11
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.56)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(25.57)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18

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