Troika Media Correlations
| TRKAWDelisted Stock | USD 0.04 0.00 0.00% |
The current 90-days correlation between Troika Media Group and ToughBuilt Industries WT is 0.13 (i.e., Average diversification). The correlation of Troika Media 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.
Troika Media Correlation With Market
Significant diversification
The correlation between Troika Media Group and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Troika Media Group and DJI in the same portfolio, assuming nothing else is changed.
Troika |
Moving together with Troika Stock
Moving against Troika Stock
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| 0.68 | WMT | Walmart Aggressive Push | PairCorr |
| 0.67 | HD | Home Depot | PairCorr |
| 0.62 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.56 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.53 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.48 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.47 | HPQ | HP Inc | PairCorr |
| 0.41 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.39 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.38 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | DIS | Walt Disney | PairCorr |
| 0.31 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
Related Correlations Analysis
| 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 Troika Stock performing well and Troika Media 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 Troika Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GROMW | 13.36 | 3.57 | 0.16 | (2.34) | 13.43 | 42.67 | 191.02 | |||
| AGRIW | 27.97 | 5.93 | 0.18 | (1.06) | 23.28 | 86.21 | 161.84 | |||
| TBLTW | 7.70 | (0.16) | 0.02 | 0.07 | 10.09 | 22.50 | 90.48 | |||
| GFAIW | 10.86 | 0.63 | 0.04 | 0.63 | 11.10 | 30.77 | 77.78 |
Troika Media 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 Troika Media stock to make a market-neutral strategy. Peer analysis of Troika Media could also be used in its relative valuation, which is a method of valuing Troika Media by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Troika Media Corporate Management
| Kevin Dundas | Chief Limited | Profile | |
| Tod Caflisch | Chief Officer | Profile | |
| Steve Tran | VP Products | Profile | |
| Andrew Bressman | MD Devel | Profile | |
| Daniel Pappalardo | Pres Director | Profile | |
| Christopher Barnes | Ex Relations | Profile | |
| Christopher Broderick | COO CFO | Profile |
Still Interested in Troika Media Group?
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