TurnOnGreen Correlations

TOGI Stock

0.06 0 3.16%

The current 90-days correlation between TurnOnGreen and Legend Power Systems is 0.03 (i.e., Significant diversification). The correlation of TurnOnGreen 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.

TurnOnGreen Correlation With Market

Good diversification

The correlation between TurnOnGreen and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TurnOnGreen and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TurnOnGreen Pink Sheet

0.74	MSFT	Microsoft	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.65	HPQ	HP Inc	Pair Corr

Moving against TurnOnGreen Pink Sheet

0.89	BMYMP	Bristol Myers Squibb	Pair Corr
0.87	MRK	Merck Company Aggressive Push	Pair Corr
0.84	ACN	Accenture plc	Pair Corr
0.84	WMT	Walmart Common Stock	Pair Corr
0.83	WSFS	WSFS Financial	Pair Corr
0.78	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.74	DD	Dupont De Nemours	Pair Corr
0.72	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.7	ATI	Allegheny Technologies	Pair Corr
0.7	BAC	Bank of America Earnings Call This Week	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.62	AXP	American Express	Pair Corr
0.59	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.58	F	Ford Motor Aggressive Push	Pair Corr
0.58	CAT	Caterpillar	Pair Corr
0.52	AAPL	Apple Inc	Pair Corr
0.36	IBM	International Business	Pair Corr
0.35	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	LPSIF	DFEL	ORBT	NXTN	KLMR	TMGEF	AKCCF	TCHH	OPST	IAALF
LPSIF		0.89	0.71	0.37	0.0	0.43	-0.23	0.0	-0.61	-0.23	LPSIF
DFEL	0.89		0.66	0.1	0.0	0.34	0.01	0.0	-0.57	-0.39	DFEL
ORBT	0.71	0.66		0.26	0.0	0.36	-0.13	0.0	-0.18	0.16	ORBT
NXTN	0.37	0.1	0.26		0.0	0.39	-0.52	0.0	-0.38	0.21	NXTN
KLMR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KLMR
TMGEF	0.43	0.34	0.36	0.39	0.0		-0.03	0.0	-0.28	0.09	TMGEF
AKCCF	-0.23	0.01	-0.13	-0.52	0.0	-0.03		0.0	0.28	-0.13	AKCCF
TCHH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	TCHH
OPST	-0.61	-0.57	-0.18	-0.38	0.0	-0.28	0.28	0.0		0.54	OPST
IAALF	-0.23	-0.39	0.16	0.21	0.0	0.09	-0.13	0.0	0.54		IAALF
	LPSIF	DFEL	ORBT	NXTN	KLMR	TMGEF	AKCCF	TCHH	OPST	IAALF

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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

DFEL	+ 0.89	LPSIF
ORBT	+ 0.71	LPSIF
ORBT	+ 0.66	DFEL
IAALF	+ 0.54	OPST
TMGEF	+ 0.43	LPSIF
TMGEF	+ 0.39	NXTN

High negative correlations

OPST	- 0.61	LPSIF
OPST	- 0.57	DFEL
AKCCF	- 0.52	NXTN
IAALF	- 0.39	DFEL
OPST	- 0.38	NXTN
OPST	- 0.28	TMGEF

Risk-Adjusted Indicators

There is a big difference between TurnOnGreen Pink Sheet performing well and TurnOnGreen 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 TurnOnGreen'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
LPSIF	2.44	(0.65)	0.00	(0.36)	0.00	0.00	8.11	(9.09)	33.57
DFEL	3.77	(1.09)	0.00	(0.18)	0.00	0.00	0.00	0.00	104.10
ORBT	2.39	(0.27)	0.00	(0.08)	0.00	0.00	6.25	(9.89)	27.63
NXTN	1.63	0.21	0.01	(0.71)	2.64	(6.18)	5.26	(4.00)	22.36
KLMR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TMGEF	2.21	0.07	0.00	0.36	2.67	(3.93)	5.88	(6.47)	26.14
AKCCF	24.32	5.48	0.20	(15.68)	23.00	(30.80)	62.60	(36.91)	247.82
TCHH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPST	0.05	0.02	0.00	0.92	0.00	0.00	0.00	0.00	1.78
IAALF	5.14	1.15	0.12	1.36	4.48	(11.21)	14.29	(8.33)	47.62

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

Legend Power Systems China TMK Battery Orbit International Next10 Inc KLM Royal Dutch Thermal Energy International Aker Carbon Capture Trustcash Holdings Opt Sciences Corp IBC Advanced Alloys American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

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