Titan Company Correlations

TITAN Stock

3,490 121.85 3.62%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Titan Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Titan Company Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Titan Company Correlation With Market

Very good diversification

The correlation between Titan Company Limited and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Titan Company Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	TCI	CHEMBOND	DMCC	INDORAMA	TECILCHEM	KHAICHEM	ZUARI	SPIC
TCI		-0.06	0.15	0.35	-0.44	0.36	0.55	0.53	TCI
CHEMBOND	-0.06		0.4	-0.08	0.1	0.22	-0.11	0.17	CHEMBOND
DMCC	0.15	0.4		0.44	-0.3	0.54	0.43	0.22	DMCC
INDORAMA	0.35	-0.08	0.44		-0.26	0.51	0.35	0.41	INDORAMA
TECILCHEM	-0.44	0.1	-0.3	-0.26		-0.38	-0.62	-0.41	TECILCHEM
KHAICHEM	0.36	0.22	0.54	0.51	-0.38		0.5	0.69	KHAICHEM
ZUARI	0.55	-0.11	0.43	0.35	-0.62	0.5		0.44	ZUARI
SPIC	0.53	0.17	0.22	0.41	-0.41	0.69	0.44		SPIC
	TCI	CHEMBOND	DMCC	INDORAMA	TECILCHEM	KHAICHEM	ZUARI	SPIC

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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

SPIC	+ 0.69	KHAICHEM
ZUARI	+ 0.55	TCI
KHAICHEM	+ 0.54	DMCC
SPIC	+ 0.53	TCI
KHAICHEM	+ 0.51	INDORAMA
ZUARI	+ 0.5	KHAICHEM

High negative correlations

ZUARI	- 0.62	TECILCHEM
TECILCHEM	- 0.44	TCI
SPIC	- 0.41	TECILCHEM
KHAICHEM	- 0.38	TECILCHEM
TECILCHEM	- 0.3	DMCC
TECILCHEM	- 0.26	INDORAMA

Risk-Adjusted Indicators

There is a big difference between Titan Stock performing well and Titan Company 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 Titan Company'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
TCI	1.89	(0.16)	0.00	(0.43)	0.00	0.00	4.54	(3.47)	10.57
CHEMBOND	1.44	0.01	(0.03)	0.40	1.67	(1.68)	3.41	(2.64)	8.36
DMCC	2.98	0.20	0.05	0.58	2.84	(3.78)	8.47	(4.99)	18.67
INDORAMA	1.83	(0.10)	0.00	(0.13)	0.00	0.00	5.81	(4.69)	13.93
TECILCHEM	2.04	0.13	0.04	0.25	2.09	(3.21)	4.62	(4.38)	9.98
KHAICHEM	1.93	(0.03)	(0.02)	0.03	2.38	(2.09)	4.06	(4.03)	20.04
ZUARI	2.13	0.00	0.00	0.06	2.74	(2.19)	4.21	(4.53)	12.56
SPIC	1.77	(0.04)	(0.03)	(0.01)	2.20	(1.83)	3.33	(3.30)	8.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Titan Company 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.

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Titan Company Corporate Management

Elected by the shareholders, the Titan Company's board of directors comprises two types of representatives: Titan Company inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Titan. The board's role is to monitor Titan Company's management team and ensure that shareholders' interests are well served. Titan Company's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Titan Company's outside directors are responsible for providing unbiased perspectives on the board's policies.

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