Truxton Correlations

TRUX Stock

USD 87.00 1.00 1.16%

The current 90-days correlation between Truxton and MF Bancorp is 0.12 (i.e., Average diversification). The correlation of Truxton 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.

Truxton Correlation With Market

Poor diversification

The correlation between Truxton 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 Truxton and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Truxton Pink Sheet

0.69	CIHHF	China Merchants Bank	Pair Corr
0.63	MFG	Mizuho Financial	Pair Corr
0.8	PNC	PNC Financial Services	Pair Corr
0.67	ISRMF	iShares MSCI	Pair Corr
0.79	MRLWF	Marlowe Plc	Pair Corr
0.74	AA	Alcoa Corp Downward Rally	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr
0.7	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.63	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Truxton Pink Sheet

0.4	HDB	HDFC Bank Limited	Pair Corr
0.36	IBN	ICICI Bank Limited	Pair Corr
0.49	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ALBY	MFBP	HCBN	OAKV	WDFN	CIZN	VTYB	EXCH	FMFP
ALBY		-0.29	-0.66	-0.55	-0.58	-0.69	-0.71	-0.75	-0.7	ALBY
MFBP	-0.29		0.64	0.44	0.51	0.43	0.53	0.42	0.4	MFBP
HCBN	-0.66	0.64		0.65	0.81	0.78	0.89	0.72	0.72	HCBN
OAKV	-0.55	0.44	0.65		0.61	0.72	0.66	0.8	0.71	OAKV
WDFN	-0.58	0.51	0.81	0.61		0.83	0.87	0.61	0.66	WDFN
CIZN	-0.69	0.43	0.78	0.72	0.83		0.84	0.85	0.77	CIZN
VTYB	-0.71	0.53	0.89	0.66	0.87	0.84		0.72	0.77	VTYB
EXCH	-0.75	0.42	0.72	0.8	0.61	0.85	0.72		0.82	EXCH
FMFP	-0.7	0.4	0.72	0.71	0.66	0.77	0.77	0.82		FMFP
	ALBY	MFBP	HCBN	OAKV	WDFN	CIZN	VTYB	EXCH	FMFP

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

VTYB	+ 0.89	HCBN
VTYB	+ 0.87	WDFN
EXCH	+ 0.85	CIZN
VTYB	+ 0.84	CIZN
CIZN	+ 0.83	WDFN
FMFP	+ 0.82	EXCH

High negative correlations

EXCH	- 0.75	ALBY
VTYB	- 0.71	ALBY
FMFP	- 0.7	ALBY
CIZN	- 0.69	ALBY
HCBN	- 0.66	ALBY
WDFN	- 0.58	ALBY

Risk-Adjusted Indicators

There is a big difference between Truxton Pink Sheet performing well and Truxton 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 Truxton'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
ALBY	0.26	(0.07)	0.00	(0.75)	0.00	0.00	0.85	(0.85)	4.47
MFBP	0.77	0.04	(0.01)	(1.02)	1.14	(1.63)	3.04	(2.34)	7.54
HCBN	0.22	0.05	0.00	1.24	0.00	0.00	1.05	(0.16)	3.26
OAKV	1.29	0.09	0.01	(0.16)	1.55	(1.71)	2.58	(2.52)	7.56
WDFN	0.82	0.21	0.09	0.95	0.63	(1.90)	3.70	(1.66)	9.15
CIZN	1.08	0.41	0.22	1.57	0.91	(1.31)	4.86	(1.76)	9.52
VTYB	0.53	0.23	0.22	(18.78)	0.00	(1.05)	2.61	(0.93)	5.26
EXCH	0.51	0.25	0.00	2.38	0.00	0.00	0.14	0.00	17.10
FMFP	0.83	0.20	0.00	(0.38)	0.00	0.00	5.13	(2.12)	12.41

Be your own money manager

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

Julie AAP	MD Company	Profile
Andrew CFA	MD Officer	Profile
William Stuart	Managing Banking	Profile
Overton Colton	Chief Operations	Profile
JD CTFA	MD Advisor	Profile
Charles Cook	Chairman Emeritus	Profile

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