Technology One Correlations
| THNOF Stock | USD 25.08 0.00 0.00% |
The correlation of Technology One 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.
Technology One Correlation With Market
Average diversification
The correlation between Technology One Limited and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technology One Limited and DJI in the same portfolio, assuming nothing else is changed.
Technology |
The ability to find closely correlated positions to Technology One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Technology One 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 Technology One - 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 Technology One Limited to buy it.
Moving together with Technology Pink Sheet
| 0.89 | AAPL | Apple Inc | PairCorr |
| 0.88 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.62 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.87 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.81 | PBCRY | Bank Central Asia | PairCorr |
| 0.87 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.86 | DD | Dupont De Nemours | PairCorr |
| 0.64 | JNJ | Johnson Johnson | PairCorr |
| 0.86 | CAT | Caterpillar | PairCorr |
| 0.74 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.61 | AA | Alcoa Corp Sell-off Trend | PairCorr |
| 0.72 | BAC | Bank of America | PairCorr |
| 0.86 | IBM | International Business | PairCorr |
| 0.78 | KO | Coca Cola | PairCorr |
| 0.76 | MMM | 3M Company | PairCorr |
| 0.84 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.79 | AXP | American Express | PairCorr |
| 0.67 | MRK | Merck Company Aggressive Push | PairCorr |
Moving against Technology Pink Sheet
| 0.8 | META | Meta Platforms | PairCorr |
| 0.79 | HD | Home Depot | PairCorr |
| 0.58 | MSFT | Microsoft | PairCorr |
| 0.7 | BA | Boeing | PairCorr |
| 0.68 | T | ATT Inc | PairCorr |
| 0.35 | CVX | Chevron Corp | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Technology Pink Sheet performing well and Technology One 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 Technology One'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALMFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNBEY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMCYY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SICRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DTSOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ESKEF | 0.25 | (0.11) | 0.00 | (0.48) | 0.00 | 0.00 | 8.22 | |||
| DTATF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DRKTY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KGNR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RPGHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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Technology One Corporate Management
| Leo Hanna | Ex UK | Profile | |
| BBus FCIS | Risk Governance | Profile | |
| Stuart MacDonald | Chief Officer | Profile | |
| Alison Chalmers | Exec Services | Profile | |
| Ben Malpass | Ex Marketing | Profile | |
| David Cope | Ex Experience | Profile |