TGI Solar Correlations

TSPG Stock

USD 0.0008 0.0001 14.29%

The current 90-days correlation between TGI Solar Power and Clear Blue Technologies is -0.01 (i.e., Good diversification). The correlation of TGI Solar 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.

TGI Solar Correlation With Market

Good diversification

The correlation between TGI Solar Power and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TGI Solar Power and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TGI Pink Sheet

0.65	FSLR	First Solar	Pair Corr
0.83	ENPH	Enphase Energy	Pair Corr
0.83	SMTGY	SMA Solar Technology	Pair Corr
0.87	SMTGF	SMA Solar Technology	Pair Corr
0.75	MYBUF	Meyer Burger Technology	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.77	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.64	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against TGI Pink Sheet

0.8	NVDA	NVIDIA	Pair Corr
0.76	BMYMP	Bristol Myers Squibb	Pair Corr
0.72	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.72	GOOG	Alphabet Class C Sell-off Trend	Pair Corr
0.71	GCPEF	GCL Poly Energy	Pair Corr
0.56	META	Meta Platforms Aggressive Push	Pair Corr
0.33	XISHY	Xinyi Solar Holdings	Pair Corr
0.33	AAPL	Apple Inc Aggressive Push	Pair Corr
0.83	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.75	DIS	Walt Disney Sell-off Trend	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.54	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	SIRC	CBUTF	ABCE	HYSR	MAXN	NXT	NOVA	SHLS	ARRY	ASTI
SIRC		-0.07	0.0	0.15	-0.09	-0.24	-0.03	0.04	0.12	0.15	SIRC
CBUTF	-0.07		0.0	0.43	-0.04	-0.34	0.79	0.42	-0.14	-0.02	CBUTF
ABCE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ABCE
HYSR	0.15	0.43	0.0		-0.28	-0.28	0.56	0.64	-0.09	-0.03	HYSR
MAXN	-0.09	-0.04	0.0	-0.28		0.69	0.2	0.15	0.15	0.44	MAXN
NXT	-0.24	-0.34	0.0	-0.28	0.69		0.04	0.19	0.33	0.23	NXT
NOVA	-0.03	0.79	0.0	0.56	0.2	0.04		0.69	0.04	0.12	NOVA
SHLS	0.04	0.42	0.0	0.64	0.15	0.19	0.69		0.12	0.2	SHLS
ARRY	0.12	-0.14	0.0	-0.09	0.15	0.33	0.04	0.12		0.2	ARRY
ASTI	0.15	-0.02	0.0	-0.03	0.44	0.23	0.12	0.2	0.2		ASTI
	SIRC	CBUTF	ABCE	HYSR	MAXN	NXT	NOVA	SHLS	ARRY	ASTI

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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

NOVA	+ 0.79	CBUTF
NXT	+ 0.69	MAXN
SHLS	+ 0.69	NOVA
SHLS	+ 0.64	HYSR
NOVA	+ 0.56	HYSR
ASTI	+ 0.44	MAXN

High negative correlations

NXT	- 0.34	CBUTF
NXT	- 0.28	HYSR
MAXN	- 0.28	HYSR
NXT	- 0.24	SIRC
ARRY	- 0.14	CBUTF
ARRY	- 0.09	HYSR

Risk-Adjusted Indicators

There is a big difference between TGI Pink Sheet performing well and TGI Solar 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 TGI Solar'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
SIRC	30.56	8.97	0.16	(1.48)	22.38	(100.00)	100.00	(50.00)	150.00
CBUTF	4.37	(0.71)	0.00	(0.17)	0.00	0.00	0.00	(17.71)	130.81
ABCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HYSR	4.82	0.42	0.03	(0.33)	5.16	(8.27)	11.76	(8.70)	48.14
MAXN	8.54	(0.20)	0.00	0.50	0.00	0.00	15.60	(17.22)	59.83
NXT	2.86	0.00	(0.03)	0.13	3.13	(3.41)	5.93	(5.02)	32.00
NOVA	5.83	(0.16)	0.00	0.16	0.00	0.00	14.31	(9.06)	66.13
SHLS	3.58	0.03	0.00	0.17	5.15	(3.69)	7.39	(9.87)	31.53
ARRY	4.55	0.35	0.03	(0.32)	5.41	(5.27)	10.60	(6.01)	37.94
ASTI	4.86	(0.41)	0.00	0.84	0.00	0.00	8.54	(11.34)	29.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in TGI Solar 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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