Turtle Beach Correlations
TBCH Stock | 13.02 0.07 0.53% |
The current 90-days correlation between Turtle Beach and Dennys Corp is 0.16 (i.e., Average diversification). The correlation of Turtle Beach 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.
Turtle Beach Correlation With Market
Very weak diversification
The correlation between Turtle Beach and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turtle Beach and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Turtle Stock
0.86 | LPL | LG Display Earnings Call This Week | PairCorr |
0.79 | VSH | Vishay Intertechnology | PairCorr |
0.85 | LASR | nLIGHT Inc | PairCorr |
0.82 | LITE | Lumentum Holdings | PairCorr |
0.61 | QBTS | D Wave Quantum Aggressive Push | PairCorr |
0.87 | QUBT | Quantum Computing Aggressive Push | PairCorr |
0.86 | RDWR | Radware | PairCorr |
0.76 | AAOI | Applied Opt | PairCorr |
0.68 | ADTN | ADTRAN Inc | PairCorr |
0.81 | AVNW | Aviat Networks | PairCorr |
0.68 | CRNT | Ceragon Networks | PairCorr |
0.84 | CSCO | Cisco Systems | PairCorr |
0.89 | MU | Micron Technology | PairCorr |
0.76 | MX | MagnaChip Semiconductor | PairCorr |
0.88 | ON | ON Semiconductor | PairCorr |
0.78 | VRRM | Verra Mobility Corp | PairCorr |
0.83 | ADI | Analog Devices | PairCorr |
0.81 | AMD | Advanced Micro Devices Aggressive Push | PairCorr |
0.82 | ARM | Arm Holdings plc | PairCorr |
0.81 | FRGE | Forge Global Holdings | PairCorr |
0.71 | GFS | Globalfoundries | PairCorr |
Moving against Turtle Stock
0.68 | IMTE | Integrated Media Tec Tech Boost | PairCorr |
0.67 | QMCO | Quantum | PairCorr |
0.76 | FRGT | Freight Technologies | PairCorr |
0.74 | ARQQW | Arqit Quantum Warrants | PairCorr |
0.43 | KLTR | Kaltura | PairCorr |
Related Correlations Analysis
0.7 | 0.23 | 0.26 | 0.55 | 0.19 | SBFFY | ||
0.7 | 0.71 | 0.66 | 0.79 | 0.73 | BYD | ||
0.23 | 0.71 | 0.8 | 0.66 | 0.84 | SPNT | ||
0.26 | 0.66 | 0.8 | 0.63 | 0.62 | DENN | ||
0.55 | 0.79 | 0.66 | 0.63 | 0.79 | LMND | ||
0.19 | 0.73 | 0.84 | 0.62 | 0.79 | WING | ||
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Risk-Adjusted Indicators
There is a big difference between Turtle Stock performing well and Turtle Beach 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 Turtle Beach'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SBFFY | 1.15 | 0.50 | 0.00 | (1.98) | 0.00 | 0.00 | 38.42 | |||
BYD | 1.18 | 0.40 | 0.14 | (2.12) | 1.35 | 3.38 | 10.97 | |||
SPNT | 1.49 | 0.31 | 0.10 | (1.00) | 1.26 | 3.13 | 11.29 | |||
DENN | 2.63 | 0.31 | 0.10 | 0.48 | 2.58 | 5.14 | 21.45 | |||
LMND | 3.01 | 0.47 | 0.17 | 0.36 | 3.17 | 6.99 | 21.29 | |||
WING | 2.10 | 0.41 | 0.19 | 0.47 | 1.73 | 5.54 | 20.40 |
Turtle Beach Corporate Management
Jose Rosado | Senior Operations | Profile | |
John Hanson | Senior Advisor | Profile | |
Ryan Dell | Senior Marketing | Profile | |
MacLean Marshall | Senior Communications | Profile | |
Megan Wynne | General Secretary | Profile | |
Mark CFA | Chief Officer | Profile |