Tower Properties Correlations

TPRP Stock

USD 25,999 0.00 0.00%

The current 90-days correlation between Tower Properties and SYN prop e is -0.13 (i.e., Good diversification). The correlation of Tower Properties 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.

Tower Properties Correlation With Market

Good diversification

The correlation between Tower Properties and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tower Properties and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tower Pink Sheet

0.71	TUXS	Tuxis	Pair Corr
0.8	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr
0.79	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.67	MRK	Merck Company Aggressive Push	Pair Corr
0.85	BAC	Bank of America	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.64	KO	Coca Cola	Pair Corr
0.66	WMT	Walmart Common Stock	Pair Corr
0.62	MMM	3M Company	Pair Corr

Moving against Tower Pink Sheet

0.68	PG	Procter Gamble	Pair Corr
0.67	OPINL	Office Properties Income	Pair Corr
0.66	T	ATT Inc	Pair Corr
0.63	MSFT	Microsoft	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.37	BA	Boeing	Pair Corr

Related Correlations Analysis

	SHMSF	SYYNY	FXTGY	LVSDF	KWGPF	GNLAF	RNHEF	DLMI	FRMUF	AZLCZ
SHMSF		0.0	0.0	-1.0	0.0	0.0	1.0	0.0	0.0	0.0	SHMSF
SYYNY	0.0		0.73	0.0	-0.94	-0.27	0.0	-0.24	0.08	0.68	SYYNY
FXTGY	0.0	0.73		0.0	-0.61	-0.16	0.0	0.16	-0.11	0.57	FXTGY
LVSDF	-1.0	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	0.0	LVSDF
KWGPF	0.0	-0.94	-0.61	0.0		0.25	0.0	0.37	-0.14	-0.61	KWGPF
GNLAF	0.0	-0.27	-0.16	0.0	0.25		0.0	0.16	-0.19	-0.69	GNLAF
RNHEF	1.0	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	0.0	RNHEF
DLMI	0.0	-0.24	0.16	0.0	0.37	0.16	0.0		-0.59	-0.27	DLMI
FRMUF	0.0	0.08	-0.11	0.0	-0.14	-0.19	0.0	-0.59		0.21	FRMUF
AZLCZ	0.0	0.68	0.57	0.0	-0.61	-0.69	0.0	-0.27	0.21		AZLCZ
	SHMSF	SYYNY	FXTGY	LVSDF	KWGPF	GNLAF	RNHEF	DLMI	FRMUF	AZLCZ

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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

RNHEF	+ 1.0	SHMSF
FXTGY	+ 0.73	SYYNY
AZLCZ	+ 0.68	SYYNY
AZLCZ	+ 0.57	FXTGY
DLMI	+ 0.37	KWGPF
GNLAF	+ 0.25	KWGPF

High negative correlations

RNHEF	- 1.0	LVSDF
LVSDF	- 1.0	SHMSF
KWGPF	- 0.94	SYYNY
AZLCZ	- 0.69	GNLAF
AZLCZ	- 0.61	KWGPF
KWGPF	- 0.61	FXTGY

Risk-Adjusted Indicators

There is a big difference between Tower Pink Sheet performing well and Tower Properties 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 Tower Properties' 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
SHMSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SYYNY	4.64	1.38	0.14	10.00	4.44	(10.73)	11.63	(5.71)	82.28
FXTGY	1.18	0.73	0.00	(0.24)	0.00	0.00	0.00	0.00	39.51
LVSDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KWGPF	0.13	(0.08)	0.00	(1.87)	0.00	0.00	0.00	0.00	4.40
GNLAF	0.30	(0.17)	0.00	(0.75)	0.00	0.00	0.00	0.00	9.96
RNHEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLMI	1.01	(0.10)	0.00	(0.03)	0.00	0.00	0.00	0.00	42.98
FRMUF	0.32	(0.01)	0.00	0.18	0.00	0.00	0.95	(0.94)	6.69
AZLCZ	1.96	0.64	0.15	(1.98)	1.92	(3.39)	8.52	(3.77)	18.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tower Properties 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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Tower Properties Corporate Management

Ed Smith	VP Controller	Profile
Thomas Willard	CEO Director	Profile
Chuck Gibson	VP Department	Profile
Stanley Weber	President, CFO	Profile

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