Tingo Correlations

TIOG Stock

0.01 0.02 72.41%

The current 90-days correlation between Tingo Group and VIQ Solutions is -0.02 (i.e., Good diversification). The correlation of Tingo 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.

Tingo Correlation With Market

Very good diversification

The correlation between Tingo Group and DJI is -0.37 (i.e., Very good 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.

The ability to find closely correlated positions to Tingo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tingo 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 Tingo - 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 Tingo Group to buy it.

Moving against Tingo OTC Stock

0.48	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.42	GOOG	Alphabet Class C	Pair Corr
0.41	BMYMP	Bristol Myers Squibb	Pair Corr
0.39	AXP	American Express	Pair Corr
0.36	AA	Alcoa Corp	Pair Corr
0.35	BAC	Bank of America Aggressive Push	Pair Corr
0.34	META	Meta Platforms	Pair Corr
0.31	FCAP	First Capital Downward Rally	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	CAUD	INXSF	LCHD	ONEI	QGSI	WPNDF	AHIX	SRCO	HMBL	VQSSF
CAUD		0.31	0.05	0.28	0.23	-0.16	0.34	0.29	-0.1	0.08	CAUD
INXSF	0.31		-0.21	-0.19	0.05	-0.43	0.2	0.45	0.14	-0.06	INXSF
LCHD	0.05	-0.21		0.2	-0.43	-0.13	0.23	0.37	0.27	-0.62	LCHD
ONEI	0.28	-0.19	0.2		0.09	0.21	0.08	-0.33	-0.12	0.23	ONEI
QGSI	0.23	0.05	-0.43	0.09		0.28	0.02	-0.28	-0.19	0.49	QGSI
WPNDF	-0.16	-0.43	-0.13	0.21	0.28		-0.11	-0.49	-0.04	0.12	WPNDF
AHIX	0.34	0.2	0.23	0.08	0.02	-0.11		0.14	0.13	-0.01	AHIX
SRCO	0.29	0.45	0.37	-0.33	-0.28	-0.49	0.14		0.15	-0.53	SRCO
HMBL	-0.1	0.14	0.27	-0.12	-0.19	-0.04	0.13	0.15		-0.27	HMBL
VQSSF	0.08	-0.06	-0.62	0.23	0.49	0.12	-0.01	-0.53	-0.27		VQSSF
	CAUD	INXSF	LCHD	ONEI	QGSI	WPNDF	AHIX	SRCO	HMBL	VQSSF

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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

VQSSF	+ 0.49	QGSI
SRCO	+ 0.45	INXSF
SRCO	+ 0.37	LCHD
AHIX	+ 0.34	CAUD
INXSF	+ 0.31	CAUD
SRCO	+ 0.29	CAUD

High negative correlations

VQSSF	- 0.62	LCHD
VQSSF	- 0.53	SRCO
SRCO	- 0.49	WPNDF
QGSI	- 0.43	LCHD
WPNDF	- 0.43	INXSF
SRCO	- 0.33	ONEI

Risk-Adjusted Indicators

There is a big difference between Tingo OTC Stock performing well and Tingo 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 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
CAUD	991.68	543.07	7.88	5.80	97.94	(2,178)	809.09	(95.00)	30,998
INXSF	1.30	(0.05)	0.00	(0.48)	0.00	0.00	4.76	(4.55)	13.69
LCHD	4.08	(1.49)	0.00	(63.93)	0.00	0.00	2.00	(11.76)	82.94
ONEI	7.27	0.96	0.08	(0.80)	7.69	(10.49)	15.79	(13.04)	66.67
QGSI	10.32	0.47	0.04	0.52	10.17	(14.17)	31.39	(18.33)	70.83
WPNDF	2.88	0.39	0.00	(0.22)	0.00	0.00	10.00	(9.09)	58.20
AHIX	9.41	1.26	0.06	(4.17)	9.90	(35.74)	44.44	(21.21)	109.23
SRCO	4.53	(0.28)	0.00	(0.14)	0.00	0.00	11.65	(10.00)	40.60
HMBL	5.95	0.84	0.00	0.24	0.00	0.00	0.00	0.00	100.00
VQSSF	2.46	0.30	0.02	1.29	3.27	(9.36)	8.33	(7.14)	27.88

Tingo 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 Tingo otc stock to make a market-neutral strategy. Peer analysis of Tingo could also be used in its relative valuation, which is a method of valuing Tingo by comparing valuation metrics with similar companies.

Collective Audience Intouch Insight Leader Capital Holdings OneMeta AI Quantgate Systems Wishpond Technologies ALUF Holdings Sparta Commercial Services Humbl Inc VIQ Solutions American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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