TechTarget Correlations

TTGT Stock

USD 33.19 0.75 2.31%

The current 90-days correlation between TechTarget and Comscore is 0.1 (i.e., Average diversification). The correlation of TechTarget 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.

TechTarget Correlation With Market

Weak diversification

The correlation between TechTarget and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TechTarget and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TechTarget. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy TechTarget Stock please use our How to Invest in TechTarget guide.

Moving together with TechTarget Stock

0.79	DJT	Trump Media Technology Symbol Change	Pair Corr
0.78	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.71	GOOG	Alphabet Class C	Pair Corr
0.62	YELP	Yelp Inc	Pair Corr

Moving against TechTarget Stock

0.82	TC	TuanChe ADR	Pair Corr
0.55	FENG	Phoenix New Media	Pair Corr
0.53	EVER	EverQuote Class A	Pair Corr
0.48	YY	YY Inc Class Earnings Call Tomorrow	Pair Corr
0.47	MAX	MediaAlpha	Pair Corr
0.47	GIFT	RDE, Inc Symbol Change	Pair Corr
0.41	IAC	IAC Inc	Pair Corr
0.73	GROM	Grom Social Enterprises	Pair Corr
0.68	ZDGE	Zedge Inc	Pair Corr
0.6	KRKR	36Kr Holdings	Pair Corr
0.53	MTCH	Match Group	Pair Corr
0.38	SEATW	Vivid Seats Warrant	Pair Corr
0.31	SFUNY	Fang Holdings	Pair Corr

Related Correlations Analysis

	SABOF	SCOR	OB	RTMVY	GETY	PERI	YELP	MAX	ANGI	MTCH
SABOF		-0.11	-0.55	0.12	0.06	-0.49	-0.14	0.16	-0.29	0.08	SABOF
SCOR	-0.11		0.54	0.12	-0.65	-0.17	-0.05	0.02	-0.18	-0.12	SCOR
OB	-0.55	0.54		-0.34	-0.57	0.59	0.55	-0.52	-0.24	-0.52	OB
RTMVY	0.12	0.12	-0.34		0.09	-0.58	-0.47	0.41	0.47	0.35	RTMVY
GETY	0.06	-0.65	-0.57	0.09		-0.17	-0.27	0.46	0.54	0.66	GETY
PERI	-0.49	-0.17	0.59	-0.58	-0.17		0.68	-0.68	-0.3	-0.6	PERI
YELP	-0.14	-0.05	0.55	-0.47	-0.27	0.68		-0.74	-0.52	-0.67	YELP
MAX	0.16	0.02	-0.52	0.41	0.46	-0.68	-0.74		0.59	0.84	MAX
ANGI	-0.29	-0.18	-0.24	0.47	0.54	-0.3	-0.52	0.59		0.69	ANGI
MTCH	0.08	-0.12	-0.52	0.35	0.66	-0.6	-0.67	0.84	0.69		MTCH
	SABOF	SCOR	OB	RTMVY	GETY	PERI	YELP	MAX	ANGI	MTCH

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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

MTCH	+ 0.84	MAX
MTCH	+ 0.69	ANGI
YELP	+ 0.68	PERI
MTCH	+ 0.66	GETY
PERI	+ 0.59	OB
ANGI	+ 0.59	MAX

High negative correlations

MAX	- 0.74	YELP
MAX	- 0.68	PERI
MTCH	- 0.67	YELP
GETY	- 0.65	SCOR
MTCH	- 0.6	PERI
PERI	- 0.58	RTMVY

Risk-Adjusted Indicators

There is a big difference between TechTarget Stock performing well and TechTarget 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 TechTarget'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
SABOF	3.35	1.32	0.08	(0.37)	3.09	(13.28)	12.00	(7.14)	41.67
SCOR	3.61	0.15	0.04	0.27	3.62	(4.69)	6.45	(5.73)	48.70
OB	1.75	(0.20)	(0.06)	0.00	2.06	(1.93)	3.52	(3.96)	12.83
RTMVY	1.50	0.14	0.00	(0.90)	2.00	(1.50)	2.61	(2.63)	24.67
GETY	2.30	(0.29)	0.00	(0.11)	0.00	0.00	4.70	(4.72)	30.84
PERI	1.48	(0.15)	(0.06)	0.01	1.80	(1.60)	3.06	(3.04)	11.22
YELP	1.24	(0.04)	(0.02)	0.08	1.35	(1.42)	2.91	(2.34)	8.65
MAX	2.69	(0.46)	0.00	(0.27)	0.00	0.00	4.70	(5.09)	35.30
ANGI	2.57	(0.51)	0.00	(0.21)	0.00	0.00	4.38	(4.03)	33.00
MTCH	1.40	(0.30)	0.00	(0.21)	0.00	0.00	2.54	(2.33)	21.07

TechTarget Corporate Management

Gabrielle DeRussy	Senior Operations	Profile
John Steinert	Chief Officer	Profile
Daniel CPA	CFO Treasurer	Profile
Mark Schlack	VP Editorial	Profile

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