Trend Micro Correlations
| TMICY Stock | USD 55.92 0.22 0.39% |
The current 90-days correlation between Trend Micro ADR and Deere Company is 0.06 (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. If the correlation is 0, the equities are not correlated; they are entirely random.
Trend Micro Correlation With Market
Modest diversification
The correlation between Trend Micro ADR and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trend Micro ADR and DJI in the same portfolio, assuming nothing else is changed.
Trend |
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 ADR to buy it.
Moving together with Trend Pink Sheet
| 0.75 | VLCN | Volcon Inc | PairCorr |
| 0.77 | PSGTF | PT Semen Indonesia | PairCorr |
| 0.88 | BPTS | Biophytis | PairCorr |
| 0.72 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Trend Pink Sheet
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.69 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.65 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.53 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.51 | INTC | Intel Sell-off Trend | PairCorr |
| 0.5 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.46 | KAKZF | Kaspi Bank Joint | PairCorr |
| 0.46 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.44 | HD | Home Depot | PairCorr |
| 0.39 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.39 | WMT | Walmart | PairCorr |
| 0.32 | ITCL | Banco Ita Chile | PairCorr |
Related Correlations Analysis
| 0.53 | -0.64 | -0.71 | 0.45 | 0.01 | DE | ||
| 0.53 | -0.55 | -0.56 | 0.07 | -0.47 | CAT | ||
| -0.64 | -0.55 | 0.92 | -0.48 | 0.3 | LEV | ||
| -0.71 | -0.56 | 0.92 | -0.47 | 0.3 | NKLA | ||
| 0.45 | 0.07 | -0.48 | -0.47 | 0.45 | WNC | ||
| 0.01 | -0.47 | 0.3 | 0.3 | 0.45 | TWI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DE | 1.14 | 0.13 | 0.09 | 0.27 | 1.06 | 2.16 | 9.83 | |||
| CAT | 1.26 | 0.24 | 0.08 | 13.77 | 1.18 | 3.36 | 12.38 | |||
| LEV | 6.52 | (0.76) | 0.00 | (0.45) | 0.00 | 14.29 | 73.93 | |||
| NKLA | 4.71 | (1.48) | 0.00 | 1.63 | 0.00 | 6.76 | 42.89 | |||
| WNC | 1.66 | (0.05) | 0.01 | 0.09 | 1.87 | 3.00 | 10.47 | |||
| TWI | 3.01 | (0.17) | 0.00 | 0.05 | 4.04 | 4.57 | 41.41 |
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.Did you try this?
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Trend Micro Corporate Management
| 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 |