TGI Solar Correlations

TSPG Stock

USD 0 0.0002 8.70%

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

Very good diversification

The correlation between TGI Solar Power and DJI is -0.38 (i.e., Very 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 against TGI Pink Sheet

0.66	SMTGF	SMA Solar Technology Tech Boost	Pair Corr
0.58	H	Hyatt Hotels	Pair Corr
0.57	SMTGY	SMA Solar Technology	Pair Corr
0.53	WNC	Wabash National Earnings Call This Week	Pair Corr
0.4	CYCC	Cyclacel Pharmaceuticals Symbol Change	Pair Corr
0.69	EPD	Enterprise Products Earnings Call Today	Pair Corr
0.61	FRFC	First Robinson Financial	Pair Corr
0.6	CHOLF	China Oilfield Services	Pair Corr
0.59	PAA	Plains All American Sell-off Trend	Pair Corr
0.58	TTFNF	TotalEnergies SE	Pair Corr
0.58	BKD	Brookdale Senior Living	Pair Corr
0.57	SPGX	Sustainable Projects	Pair Corr
0.53	EAF	GrafTech International	Pair Corr
0.51	210518DE3	US210518DE35	Pair Corr
0.5	CTKB	Cytek Biosciences	Pair Corr
0.49	MBGAF	Mercedes Benz Group	Pair Corr
0.44	CUEN	Cuentas	Pair Corr
0.4	SLB	Schlumberger NV	Pair Corr
0.37	WFC	Wells Fargo Aggressive Push	Pair Corr
0.34	TPRP	Tower Properties	Pair Corr

Related Correlations Analysis

	AWLCF	AZURF	OKMN	TRLEF	UNRG	ERAO	WGIH	MWCAF	LCNTU	STTDF
AWLCF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AWLCF
AZURF	0.0		-0.14	0.7	0.11	0.47	0.0	-0.13	0.52	0.19	AZURF
OKMN	0.0	-0.14		-0.38	-0.2	0.14	0.0	-0.02	-0.49	-0.27	OKMN
TRLEF	0.0	0.7	-0.38		0.21	0.26	0.0	-0.08	0.82	0.32	TRLEF
UNRG	0.0	0.11	-0.2	0.21		-0.07	0.0	-0.09	0.21	0.28	UNRG
ERAO	0.0	0.47	0.14	0.26	-0.07		0.0	-0.22	0.13	-0.34	ERAO
WGIH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	WGIH
MWCAF	0.0	-0.13	-0.02	-0.08	-0.09	-0.22	0.0		-0.05	0.02	MWCAF
LCNTU	0.0	0.52	-0.49	0.82	0.21	0.13	0.0	-0.05		0.55	LCNTU
STTDF	0.0	0.19	-0.27	0.32	0.28	-0.34	0.0	0.02	0.55		STTDF
	AWLCF	AZURF	OKMN	TRLEF	UNRG	ERAO	WGIH	MWCAF	LCNTU	STTDF

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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

LCNTU	+ 0.82	TRLEF
TRLEF	+ 0.7	AZURF
STTDF	+ 0.55	LCNTU
LCNTU	+ 0.52	AZURF
ERAO	+ 0.47	AZURF
STTDF	+ 0.32	TRLEF

High negative correlations

LCNTU	- 0.49	OKMN
TRLEF	- 0.38	OKMN
STTDF	- 0.34	ERAO
STTDF	- 0.27	OKMN
MWCAF	- 0.22	ERAO
UNRG	- 0.2	OKMN

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
AWLCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AZURF	9.78	0.11	0.01	0.15	10.55	(13.61)	27.27	(19.58)	105.65
OKMN	6.69	3.25	0.00	(2.01)	0.00	0.00	0.00	0.00	231.23
TRLEF	8.51	(0.16)	0.00	0.10	0.00	0.00	21.49	(16.47)	50.68
UNRG	7.67	0.51	0.06	0.41	8.16	(8.74)	19.40	(14.85)	45.38
ERAO	13.73	1.45	0.05	(0.43)	15.30	(39.12)	53.98	(37.14)	152.17
WGIH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MWCAF	7,467	4,214	0.00	(0.28)	0.00	0.00	0.00	(29.09)	252,922
LCNTU	0.00	(0.01)	0.00	(3.02)	0.00	0.00	0.00	0.00	0.16
STTDF	4.66	0.17	0.04	0.13	4.66	(6.39)	11.08	(9.00)	25.65

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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