Tel Instrument Correlations
| TIKKDelisted Stock | USD 2.28 0.00 0.00% |
The current 90-days correlation between Tel Instrument Elect and Sky Harbour Group is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tel Instrument moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tel Instrument Electronics Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tel Instrument Correlation With Market
Very good diversification
The correlation between Tel Instrument Electronics Cor and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tel Instrument Electronics Cor and DJI in the same portfolio, assuming nothing else is changed.
Tel |
The ability to find closely correlated positions to Tel Instrument could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tel Instrument 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 Tel Instrument - 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 Tel Instrument Electronics Corp to buy it.
Moving against Tel OTC Stock
| 0.44 | HII | Huntington Ingalls | PairCorr |
| 0.37 | KWE | KWESST Micro Systems Fiscal Year End 15th of January 2025 | PairCorr |
| 0.56 | SIF | SIFCO Industries | PairCorr |
| 0.54 | NOC | Northrop Grumman Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.54 | TXT | Textron Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.47 | AAIIQ | Alabama Aircraft Ind | PairCorr |
| 0.45 | LMT | Lockheed Martin Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | KITT | Nauticus Robotics Buyout Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Tel OTC Stock performing well and Tel Instrument 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 Tel Instrument'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNWR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AUTLF | 3.26 | 0.51 | 0.07 | 2.28 | 3.80 | 10.20 | 26.49 | |||
| SKYH | 2.49 | (0.15) | 0.00 | (0.06) | 0.00 | 3.97 | 16.18 | |||
| VTSI | 2.50 | 0.16 | 0.08 | 0.20 | 3.16 | 4.99 | 32.77 | |||
| FTGFF | 0.88 | 0.22 | 0.02 | (1.69) | 1.15 | 3.80 | 14.04 | |||
| AAIIQ | 3.37 | (2.21) | 0.00 | (0.43) | 0.00 | 0.00 | 99.50 | |||
| ATROB | 2.20 | (0.62) | 0.00 | (0.14) | 0.00 | 6.36 | 31.95 | |||
| PKE | 1.30 | (0.03) | 0.04 | 0.10 | 1.08 | 2.61 | 12.34 | |||
| SATL | 2.49 | 0.42 | 0.16 | 0.49 | 2.15 | 6.00 | 35.79 | |||
| KITT | 4.69 | (1.02) | 0.00 | (0.71) | 0.00 | 8.45 | 35.82 |
Tel Instrument Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tel Instrument otc stock to make a market-neutral strategy. Peer analysis of Tel Instrument could also be used in its relative valuation, which is a method of valuing Tel Instrument by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Tel Instrument Electronics Corp?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.