TPG Correlations

TPG Stock

USD 69.70 2.14 3.17%

The current 90-days correlation between TPG Inc and Ares Management LP is 0.72 (i.e., Poor diversification). The correlation of TPG 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.

TPG Correlation With Market

Poor diversification

The correlation between TPG Inc and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPG Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TPG Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with TPG Stock

0.88	AC	Associated Capital	Pair Corr
0.69	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.65	MC	Moelis Potential Growth	Pair Corr
0.84	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.9	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.85	TW	Tradeweb Markets Normal Trading	Pair Corr
0.63	VIRT	Virtu Financial Normal Trading	Pair Corr
0.81	WAVS	Western Acquisition	Pair Corr
0.9	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.8	EVR	Evercore Partners	Pair Corr
0.9	FRHC	Freedom Holding Corp	Pair Corr
0.64	IPXXU	Inflection Point Acq	Pair Corr
0.89	LRFC	Logan Ridge Finance	Pair Corr
0.73	PNNT	PennantPark Investment	Pair Corr
0.81	RMCO	Royalty Management	Pair Corr
0.83	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.84	SEIC	SEI Investments	Pair Corr
0.88	STEP	Stepstone Group	Pair Corr
0.71	SVII	Spring Valley Acquisition	Pair Corr
0.7	C	Citigroup Aggressive Push	Pair Corr
0.66	V	Visa Class A	Pair Corr
0.88	AB	AllianceBernstein	Pair Corr
0.96	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.9	BN	Brookfield Corp	Pair Corr
0.93	BX	Blackstone Group Normal Trading	Pair Corr

Moving against TPG Stock

0.72	GROW	US Global Investors	Pair Corr
0.67	XP	Xp Inc	Pair Corr
0.53	PT	Pintec Technology	Pair Corr
0.8	RAND	Rand Capital Corp	Pair Corr
0.41	PPYAU	Papaya Growth Opportunity	Pair Corr
0.88	IX	Orix Corp Ads	Pair Corr
0.68	HG	Hamilton Insurance Group,	Pair Corr
0.36	EG	Everest Group	Pair Corr

Related Correlations Analysis

	ARES	PAX	APO	CION	KKR	BX	CGBD	CG	BAM	OWL
ARES		0.54	0.93	-0.09	0.94	0.91	0.49	0.97	0.93	0.97	ARES
PAX	0.54		0.62	-0.34	0.67	0.64	-0.3	0.58	0.59	0.52	PAX
APO	0.93	0.62		-0.38	0.98	0.93	0.25	0.96	0.95	0.94	APO
CION	-0.09	-0.34	-0.38		-0.35	-0.34	0.58	-0.18	-0.38	-0.14	CION
KKR	0.94	0.67	0.98	-0.35		0.96	0.22	0.94	0.96	0.92	KKR
BX	0.91	0.64	0.93	-0.34	0.96		0.22	0.9	0.97	0.89	BX
CGBD	0.49	-0.3	0.25	0.58	0.22	0.22		0.43	0.27	0.48	CGBD
CG	0.97	0.58	0.96	-0.18	0.94	0.9	0.43		0.93	0.98	CG
BAM	0.93	0.59	0.95	-0.38	0.96	0.97	0.27	0.93		0.91	BAM
OWL	0.97	0.52	0.94	-0.14	0.92	0.89	0.48	0.98	0.91		OWL
	ARES	PAX	APO	CION	KKR	BX	CGBD	CG	BAM	OWL

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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

KKR	+ 0.98	APO
OWL	+ 0.98	CG
CG	+ 0.97	ARES
OWL	+ 0.97	ARES
BAM	+ 0.97	BX
CG	+ 0.96	APO

High negative correlations

BAM	- 0.38	CION
CION	- 0.38	APO
KKR	- 0.35	CION
BX	- 0.34	CION
CION	- 0.34	PAX
CGBD	- 0.3	PAX

Risk-Adjusted Indicators

There is a big difference between TPG Stock performing well and TPG 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 TPG'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
ARES	1.27	0.16	0.12	0.21	1.28	(1.46)	2.98	(2.55)	7.35
PAX	1.15	(0.03)	(0.02)	0.05	1.28	(1.33)	2.34	(2.40)	8.14
APO	1.52	0.45	0.40	0.32	0.89	(2.05)	3.46	(2.19)	12.00
CION	0.71	(0.11)	0.00	(0.07)	0.00	0.00	1.41	(1.53)	5.86
KKR	1.27	0.22	0.24	0.20	0.95	(1.59)	2.94	(1.76)	11.31
BX	1.23	0.39	0.32	0.35	0.74	(1.43)	3.21	(1.88)	8.48
CGBD	0.83	0.02	(0.05)	0.18	1.04	(0.85)	1.50	(1.71)	4.68
CG	1.54	0.21	0.18	0.19	1.34	(1.85)	4.10	(2.22)	13.11
BAM	1.09	0.42	0.41	0.50	0.39	(1.32)	3.63	(1.52)	6.27
OWL	1.57	0.31	0.20	0.24	1.59	(1.76)	3.66	(2.80)	12.59

TPG Corporate Management

Doug Bouquard	Partner	Profile
Sean Berg	Chief Officer	Profile
Ayanna Clunis	Partner Operations	Profile
Bradford JD	General Secretary	Profile
Martin CPA	Chief Officer	Profile
Simit Batra	Principal	Profile
Bradford Berenson	General Secretary	Profile

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