Turning Point Correlations

TPB Stock

USD 97.58 9.99 9.29%

The current 90-days correlation between Turning Point Brands and Universal is 0.18 (i.e., Average diversification). The correlation of Turning Point 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.

Turning Point Correlation With Market

Poor diversification

The correlation between Turning Point Brands and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turning Point Brands and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Turning Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Turning Point Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Turning Stock

0.87	MO	Altria Group	Pair Corr
0.92	PM	Philip Morris Intern	Pair Corr
0.81	BTI	British American Tobacco	Pair Corr
0.68	BATS	British American Tobacco	Pair Corr
0.72	BMT	British American Tobacco	Pair Corr
0.94	0T5	Turning Point Brands	Pair Corr
0.83	PHM7	Altria Group	Pair Corr
0.72	BMTA	British American Tobacco	Pair Corr
0.88	4I1	Philip Morris Intern	Pair Corr
0.72	BMT	British American Tobacco	Pair Corr
0.66	AHII	American Heritage	Pair Corr
0.82	PHM7	Altria Group	Pair Corr
0.89	4I1	Philip Morris Intern	Pair Corr
0.84	TBK	Philip Morris CR	Pair Corr
0.86	8ZI	Scandinavian Tobacco Earnings Call Today	Pair Corr
0.79	EC	Ecopetrol SA ADR Earnings Call Today	Pair Corr
0.85	KEP	Korea Electric Power	Pair Corr
0.64	PTITF	PT Indosat Tbk	Pair Corr

Moving against Turning Stock

0.85	XXII	22nd Century Group	Pair Corr
0.8	8QG0	HAYPP GROUP AB	Pair Corr
0.47	RYM	RYTHM Inc Symbol Change	Pair Corr
0.46	PTAIF	PT Astra International	Pair Corr
0.32	PIFMY	Indofood Sukses Makmur	Pair Corr

Related Correlations Analysis

	UVV	FDP	JJSF	NOMD	ANDE	TR	STRA	UTI	WMK	CENT
UVV		0.33	0.04	0.07	0.5	0.1	0.38	0.16	0.53	0.07	UVV
FDP	0.33		-0.47	0.21	0.81	0.88	-0.22	0.79	0.71	0.84	FDP
JJSF	0.04	-0.47		-0.47	-0.56	-0.62	0.57	-0.36	-0.52	-0.74	JJSF
NOMD	0.07	0.21	-0.47		0.32	0.25	-0.61	-0.07	0.56	0.37	NOMD
ANDE	0.5	0.81	-0.56	0.32		0.75	-0.1	0.65	0.83	0.74	ANDE
TR	0.1	0.88	-0.62	0.25	0.75		-0.47	0.75	0.64	0.94	TR
STRA	0.38	-0.22	0.57	-0.61	-0.1	-0.47		0.02	-0.29	-0.53	STRA
UTI	0.16	0.79	-0.36	-0.07	0.65	0.75	0.02		0.36	0.65	UTI
WMK	0.53	0.71	-0.52	0.56	0.83	0.64	-0.29	0.36		0.68	WMK
CENT	0.07	0.84	-0.74	0.37	0.74	0.94	-0.53	0.65	0.68		CENT
	UVV	FDP	JJSF	NOMD	ANDE	TR	STRA	UTI	WMK	CENT

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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

CENT	+ 0.94	TR
TR	+ 0.88	FDP
CENT	+ 0.84	FDP
WMK	+ 0.83	ANDE
ANDE	+ 0.81	FDP
UTI	+ 0.79	FDP

High negative correlations

CENT	- 0.74	JJSF
TR	- 0.62	JJSF
STRA	- 0.61	NOMD
ANDE	- 0.56	JJSF
CENT	- 0.53	STRA
WMK	- 0.52	JJSF

Risk-Adjusted Indicators

There is a big difference between Turning Stock performing well and Turning Point 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 Turning Point'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
UVV	0.86	0.03	0.00	(8.85)	1.97	(0.93)	1.51	(1.30)	12.90
FDP	1.25	0.28	0.16	9.77	1.31	(1.46)	2.68	(2.66)	8.48
JJSF	1.35	(0.04)	0.00	0.22	0.00	0.00	3.08	(2.68)	19.24
NOMD	1.22	(0.16)	0.00	(0.45)	0.00	0.00	2.52	(2.58)	12.20
ANDE	1.42	0.38	0.22	1.28	1.25	(1.54)	3.24	(2.24)	8.54
TR	0.92	0.11	0.06	(34.14)	1.00	(1.04)	2.06	(1.65)	4.78
STRA	1.41	0.15	0.06	0.18	2.33	(1.36)	2.63	(4.16)	14.59
UTI	2.35	0.75	0.25	0.76	2.41	(2.69)	5.23	(3.73)	21.63
WMK	1.17	0.03	(0.01)	0.51	1.58	(1.37)	2.06	(1.72)	10.35
CENT	1.09	0.14	0.10	0.22	1.14	(1.19)	3.16	(2.09)	6.45

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