Trend Micro Correlations

TMICF Stock

USD 47.79 0.00 0.00%

The current 90-days correlation between Trend Micro and Nexi SpA is 0.02 (i.e., Significant diversification). The correlation of Trend Micro 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.

Trend Micro Correlation With Market

Good diversification

The correlation between Trend Micro and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trend Micro and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Trend Pink Sheet

0.64

ORCL

Oracle

Pair Corr

Moving against Trend Pink Sheet

0.63	TFIN	Triumph Financial,	Pair Corr
0.45	ERHE	ERHC Energy	Pair Corr
0.41	HIRU	Hiru	Pair Corr
0.34	CRWD	Crowdstrike Holdings	Pair Corr
0.78	DNGFF	Dongfang ElectricLimited	Pair Corr
0.76	TGS	Transportadora de Gas	Pair Corr
0.6	ATRO	Astronics Potential Growth	Pair Corr
0.42	SPGI	SP Global	Pair Corr
0.32	TPB	Turning Point Brands	Pair Corr
0.76	EOLS	Evolus Inc	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.65	TGI	Triumph Group	Pair Corr
0.63	AMD	Advanced Micro Devices	Pair Corr
0.6	LMND	Lemonade	Pair Corr
0.59	FTI	TechnipFMC PLC	Pair Corr

Related Correlations Analysis

	NEXPF	NEXXY	TOITF	TMSNY	SQNXF	SQNNY	OTGLY	KSFTF	SHMZF	TMNSF
NEXPF		-0.47	-0.53	0.43	-0.53	-0.63	-0.58	0.75	0.25	0.51	NEXPF
NEXXY	-0.47		0.84	-0.68	0.26	0.6	0.69	-0.69	-0.67	-0.83	NEXXY
TOITF	-0.53	0.84		-0.72	0.29	0.6	0.66	-0.64	-0.55	-0.86	TOITF
TMSNY	0.43	-0.68	-0.72		-0.3	-0.5	-0.44	0.56	0.52	0.88	TMSNY
SQNXF	-0.53	0.26	0.29	-0.3		0.24	0.2	-0.42	-0.19	-0.31	SQNXF
SQNNY	-0.63	0.6	0.6	-0.5	0.24		0.57	-0.86	-0.29	-0.6	SQNNY
OTGLY	-0.58	0.69	0.66	-0.44	0.2	0.57		-0.6	-0.21	-0.67	OTGLY
KSFTF	0.75	-0.69	-0.64	0.56	-0.42	-0.86	-0.6		0.33	0.68	KSFTF
SHMZF	0.25	-0.67	-0.55	0.52	-0.19	-0.29	-0.21	0.33		0.48	SHMZF
TMNSF	0.51	-0.83	-0.86	0.88	-0.31	-0.6	-0.67	0.68	0.48		TMNSF
	NEXPF	NEXXY	TOITF	TMSNY	SQNXF	SQNNY	OTGLY	KSFTF	SHMZF	TMNSF

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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

TMNSF	+ 0.88	TMSNY
TOITF	+ 0.84	NEXXY
KSFTF	+ 0.75	NEXPF
OTGLY	+ 0.69	NEXXY
TMNSF	+ 0.68	KSFTF
OTGLY	+ 0.66	TOITF

High negative correlations

KSFTF	- 0.86	SQNNY
TMNSF	- 0.86	TOITF
TMNSF	- 0.83	NEXXY
TMSNY	- 0.72	TOITF
KSFTF	- 0.69	NEXXY
TMSNY	- 0.68	NEXXY

Risk-Adjusted Indicators

There is a big difference between Trend Pink Sheet performing well and Trend Micro 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 Trend Micro'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
NEXPF	0.17	0.08	0.00	(5.86)	0.00	0.00	0.00	0.00	5.81
NEXXY	1.60	(0.21)	0.00	0.87	0.00	0.00	3.52	(4.93)	11.51
TOITF	2.15	(0.20)	0.00	(0.18)	0.00	0.00	4.32	(4.22)	22.90
TMSNY	1.23	0.33	0.19	0.50	1.28	(1.33)	3.07	(2.38)	11.73
SQNXF	3.23	(1.13)	0.00	2.24	0.00	0.00	4.82	(10.13)	67.56
SQNNY	21.33	6.88	0.23	0.55	16.37	(65.24)	13.13	(11.52)	387.58
OTGLY	1.64	(0.12)	0.00	(0.03)	0.00	0.00	3.98	(3.40)	11.23
KSFTF	0.28	0.13	0.00	(4.18)	0.00	0.00	0.00	0.00	9.38
SHMZF	0.17	0.06	0.00	(0.42)	0.00	0.00	0.00	0.00	5.43
TMNSF	0.22	0.11	0.00	(1.95)	0.00	0.00	0.00	0.00	7.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Trend Micro 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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