Trend Micro Correlations

TMICF Stock

USD 57.60 1.48 2.51%

The current 90-days correlation between Trend Micro and Transportadora de Gas is 0.1 (i.e., Average 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

Modest diversification

The correlation between Trend Micro and DJI is 0.2 (i.e., Modest 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 against Trend Pink Sheet

0.68	EPGG	Empire Global Gaming	Pair Corr
0.33	TPDDF	Talon Energy	Pair Corr

Related Correlations Analysis

	PALT	ARIS	CDNS	TGS	NNAVW	WFCF	BILL	VST
PALT		-0.63	-0.61	-0.77	-0.82	-0.58	-0.72	-0.64	PALT
ARIS	-0.63		0.91	0.92	0.92	0.65	0.96	0.76	ARIS
CDNS	-0.61	0.91		0.85	0.87	0.63	0.87	0.64	CDNS
TGS	-0.77	0.92	0.85		0.92	0.71	0.94	0.74	TGS
NNAVW	-0.82	0.92	0.87	0.92		0.72	0.95	0.8	NNAVW
WFCF	-0.58	0.65	0.63	0.71	0.72		0.72	0.68	WFCF
BILL	-0.72	0.96	0.87	0.94	0.95	0.72		0.82	BILL
VST	-0.64	0.76	0.64	0.74	0.8	0.68	0.82		VST
	PALT	ARIS	CDNS	TGS	NNAVW	WFCF	BILL	VST

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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

BILL	+ 0.96	ARIS
BILL	+ 0.95	NNAVW
BILL	+ 0.94	TGS
TGS	+ 0.92	ARIS
NNAVW	+ 0.92	ARIS
NNAVW	+ 0.92	TGS

High negative correlations

NNAVW	- 0.82	PALT
TGS	- 0.77	PALT
BILL	- 0.72	PALT
VST	- 0.64	PALT
ARIS	- 0.63	PALT
CDNS	- 0.61	PALT

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
PALT	3.63	(0.51)	0.00	2.18	0.00	0.00	7.69	(7.44)	27.19
ARIS	2.62	0.65	0.25	0.43	2.25	(2.98)	6.46	(4.37)	30.54
CDNS	1.73	0.12	0.05	0.21	2.12	(1.84)	3.48	(4.40)	18.93
TGS	2.09	0.57	0.20	(3.46)	1.89	(2.31)	6.03	(3.08)	10.63
NNAVW	3.53	1.42	0.29	0.99	4.01	(4.12)	8.58	(6.12)	23.59
WFCF	1.36	0.18	0.05	1.80	1.60	(1.60)	3.34	(2.99)	12.53
BILL	2.24	0.63	0.37	0.36	1.42	(2.69)	6.14	(3.03)	22.40
VST	3.27	0.93	0.26	1.69	2.80	(3.81)	6.32	(5.00)	23.90

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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Trend Micro Corporate Management

Max Cheng	Ex CIO	Profile
Claudia Wu	VP HR	Profile
Akihiko Omikawa	GM Japan	Profile
Leah MacMillan	Chief Officer	Profile
Kevin Simzer	Chief Officer	Profile
Dhanya Thakkar	Middle Asia	Profile

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