TechCom Correlations

TCRI Stock

USD 0.11 0.00 0.00%

The correlation of TechCom 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.

TechCom Correlation With Market

Excellent diversification

The correlation between TechCom and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TechCom and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TechCom Pink Sheet

0.71	XXI	Twenty One Capital	Pair Corr
0.64	MNTN	MNTN Inc Earnings Call This Week	Pair Corr
0.65	GRAB	Grab Holdings	Pair Corr
0.72	HPQ	HP Inc	Pair Corr

Moving against TechCom Pink Sheet

0.75	BA	Boeing	Pair Corr
0.73	LION	Lionsgate Studios Holding	Pair Corr
0.65	ABEV	Ambev SA ADR Earnings Call This Week	Pair Corr
0.59	PBAJ	Petro Usa	Pair Corr
0.58	F	Ford Motor	Pair Corr
0.45	GE	GE Aerospace	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.63	CAT	Caterpillar	Pair Corr
0.6	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.58	INTC	Intel Aggressive Push	Pair Corr
0.58	JNJ	Johnson Johnson	Pair Corr
0.38	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.33	DIS	Walt Disney	Pair Corr
0.32	HD	Home Depot	Pair Corr

Related Correlations Analysis

	SITS	NRCD	SHGI	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF
SITS		0.5	0.31	0.64	0.32	0.64	-0.39	-0.5	-0.55	SITS
NRCD	0.5		0.31	0.84	0.75	0.89	-0.32	-0.57	-0.33	NRCD
SHGI	0.31	0.31		0.36	0.13	0.32	-0.22	-0.41	-0.3	SHGI
QUAN	0.64	0.84	0.36		0.7	0.9	-0.34	-0.75	-0.42	QUAN
CSTXF	0.32	0.75	0.13	0.7		0.77	-0.36	-0.34	-0.13	CSTXF
SOLCF	0.64	0.89	0.32	0.9	0.77		-0.36	-0.67	-0.36	SOLCF
SMEV	-0.39	-0.32	-0.22	-0.34	-0.36	-0.36		0.1	0.4	SMEV
SSPLF	-0.5	-0.57	-0.41	-0.75	-0.34	-0.67	0.1		0.54	SSPLF
ORLCF	-0.55	-0.33	-0.3	-0.42	-0.13	-0.36	0.4	0.54		ORLCF
	SITS	NRCD	SHGI	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF

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

SOLCF	+ 0.9	QUAN
SOLCF	+ 0.89	NRCD
QUAN	+ 0.84	NRCD
SOLCF	+ 0.77	CSTXF
CSTXF	+ 0.75	NRCD
CSTXF	+ 0.7	QUAN

High negative correlations

SSPLF	- 0.75	QUAN
SSPLF	- 0.67	SOLCF
SSPLF	- 0.57	NRCD
ORLCF	- 0.55	SITS
SSPLF	- 0.5	SITS
ORLCF	- 0.42	QUAN

Risk-Adjusted Indicators

There is a big difference between TechCom Pink Sheet performing well and TechCom 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 TechCom'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
SITS	5.76	(0.22)	0.00	(0.09)	0.00	0.00	18.33	(11.89)	37.53
NRCD	0.40	(0.19)	0.00	0.68	0.00	0.00	0.00	0.00	13.46
SHGI	14.63	2.31	0.06	1.16	16.39	(50.75)	85.71	(46.15)	135.71
QUAN	6.36	(1.13)	0.00	(1.11)	0.00	0.00	12.88	(16.22)	40.44
CSTXF	9.31	0.04	0.00	0.02	12.58	(23.63)	36.00	(27.45)	78.93
SOLCF	10.22	(1.59)	0.00	(0.32)	0.00	0.00	23.50	(23.53)	66.07
SMEV	2.76	0.23	0.01	(0.15)	5.39	(10.26)	12.00	(5.41)	37.31
SSPLF	8.67	3.24	0.00	1.21	0.00	0.00	35.59	0.00	153.62
ORLCF	5.84	0.29	0.03	1.78	6.98	(6.74)	13.04	(11.85)	33.46

Be your own money manager

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

Tao Chang	Chief Officer	Profile
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Samuel Grinfield	Compliance Devel	Profile
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Chew Lau	Director CFO	Profile

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