Tingo Correlations

TIO Stock

0.02 0 14.63%

The current 90-days correlation between Tingo Group and Quantum Computing is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tingo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tingo Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tingo Correlation With Market

Significant diversification

The correlation between Tingo Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tingo Group 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 Tingo Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Tingo Stock

0.37	KSCP	Knightscope	Pair Corr
0.31	EBON	Ebang International	Pair Corr

Related Correlations Analysis

	RGTI	QUBT	IONQ	DM	QMCO	ANET	CRCT	QBTS	SMCI
RGTI		0.87	0.89	-0.35	0.82	0.45	-0.49	0.91	-0.51	RGTI
QUBT	0.87		0.85	-0.47	0.81	0.29	-0.64	0.97	-0.44	QUBT
IONQ	0.89	0.85		-0.35	0.56	0.49	-0.6	0.88	-0.69	IONQ
DM	-0.35	-0.47	-0.35		-0.31	0.42	0.76	-0.48	0.35	DM
QMCO	0.82	0.81	0.56	-0.31		0.32	-0.33	0.8	-0.1	QMCO
ANET	0.45	0.29	0.49	0.42	0.32		0.24	0.36	-0.22	ANET
CRCT	-0.49	-0.64	-0.6	0.76	-0.33	0.24		-0.63	0.57	CRCT
QBTS	0.91	0.97	0.88	-0.48	0.8	0.36	-0.63		-0.48	QBTS
SMCI	-0.51	-0.44	-0.69	0.35	-0.1	-0.22	0.57	-0.48		SMCI
	RGTI	QUBT	IONQ	DM	QMCO	ANET	CRCT	QBTS	SMCI

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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

QBTS	+ 0.97	QUBT
QBTS	+ 0.91	RGTI
IONQ	+ 0.89	RGTI
QBTS	+ 0.88	IONQ
QUBT	+ 0.87	RGTI
IONQ	+ 0.85	QUBT

High negative correlations

SMCI	- 0.69	IONQ
CRCT	- 0.64	QUBT
QBTS	- 0.63	CRCT
CRCT	- 0.6	IONQ
SMCI	- 0.51	RGTI
CRCT	- 0.49	RGTI

Risk-Adjusted Indicators

There is a big difference between Tingo Stock performing well and Tingo 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 Tingo'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
RGTI	6.65	1.40	0.29	0.42	5.29	(8.88)	17.57	(8.82)	78.05
QUBT	10.53	4.43	0.54	1.60	6.65	(14.41)	29.35	(10.40)	122.30
IONQ	5.71	2.28	0.45	1.09	4.09	(6.84)	16.30	(6.53)	47.83
DM	1.69	(0.03)	0.00	0.43	0.00	0.00	2.86	(4.44)	23.02
QMCO	11.15	3.07	0.42	0.43	7.09	(12.82)	19.76	(10.51)	159.30
ANET	1.72	0.25	0.06	1.08	2.44	(1.77)	4.44	(4.30)	12.04
CRCT	2.17	(0.10)	0.00	0.60	0.00	0.00	4.30	(5.75)	20.08
QBTS	6.17	1.43	0.35	0.46	4.22	(8.83)	15.58	(6.93)	55.31
SMCI	5.80	(0.25)	0.00	1.33	0.00	0.00	15.79	(12.18)	48.46

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