Technology One Correlations
| THNOF Stock | USD 16.50 1.10 6.25% |
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
Pay attention - limited upside
The correlation between Technology One Limited and DJI is -0.74 (i.e., Pay attention - limited upside) 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
Moving against Technology Pink Sheet
| 0.93 | EC | Ecopetrol SA ADR Earnings Call This Week | PairCorr |
| 0.93 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.87 | TSM | Taiwan Semiconductor | PairCorr |
| 0.76 | KB | KB Financial Group | PairCorr |
| 0.74 | SHG | Shinhan Financial | PairCorr |
| 0.69 | WF | Woori Financial Group | PairCorr |
| 0.61 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.36 | GOOG | Alphabet Class C | PairCorr |
| 0.33 | NVDA | NVIDIA | PairCorr |
| 0.99 | WEJTY | Webjet Limited | PairCorr |
| 0.91 | CMA | Comerica Incorporated | PairCorr |
| 0.9 | IFS | Intercorp Financial | PairCorr |
| 0.88 | SBKO | Summit Bank Group | PairCorr |
| 0.87 | CING | Cingulate | PairCorr |
| 0.87 | WLK | Westlake Chemical | PairCorr |
| 0.86 | STRS | Stratus Properties | PairCorr |
| 0.84 | TG | Tredegar | PairCorr |
| 0.83 | CLEGF | Coles Group | PairCorr |
| 0.83 | FLFG | Federal Life Group | PairCorr |
| 0.83 | VOD | Vodafone Group PLC | PairCorr |
| 0.79 | MTZ | MasTec Inc | PairCorr |
| 0.68 | BYM | BlackRock Municipal | PairCorr |
| 0.65 | AOIFF | Africa Oil Corp | PairCorr |
| 0.53 | CRNZF | Cairn Energy PLC | PairCorr |
| 0.37 | ACGL | Arch Capital Group | PairCorr |
| 0.94 | SOJE | Southern Company | PairCorr |
| 0.88 | DAWN | Day One Biopharmaceu | PairCorr |
| 0.86 | TWMIF | Tidewater Midstream and Earnings Call This Week | PairCorr |
| 0.85 | VHI | Valhi Inc Earnings Call This Week | PairCorr |
| 0.84 | JNJ | Johnson Johnson | PairCorr |
| 0.83 | NTRSO | Northern Trust | 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
|
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 | (0.09) | 0.00 | 0.72 | 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 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Technology One 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 Bollinger Bands Now
Bollinger BandsUse Bollinger Bands indicator to analyze target price for a given investing horizon |
| All Next | Launch Module |
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 |