Team Internet Correlations

TIG Stock

47.20 0.80 1.67%

The current 90-days correlation between Team Internet Group and Samsung Electronics Co is 0.11 (i.e., Average diversification). The correlation of Team Internet 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.

Team Internet Correlation With Market

Average diversification

The correlation between Team Internet Group and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Team Internet Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Team Stock

0.64	0H7R	Abeona Therapeutics	Pair Corr
0.87	POW	Power Metal Resources	Pair Corr
0.64	CPH2	Clean Power Hydrogen	Pair Corr

Moving against Team Stock

0.9	CHF	Chesterfield Resources	Pair Corr
0.87	QLT	Quilter PLC	Pair Corr
0.84	RFG	Roebuck Food Group	Pair Corr
0.82	TMIP	Taylor Maritime Inve Earnings Call Today	Pair Corr
0.81	SMSN	Samsung Electronics	Pair Corr
0.78	BAKK	Bakkavor Group PLC	Pair Corr
0.76	NBPE	NB Private Equity	Pair Corr
0.76	VOD	Vodafone Group PLC	Pair Corr
0.71	XGLD	Xtrackers Physical Gold	Pair Corr
0.69	TAN	Tanfield Group PLC	Pair Corr
0.66	0SCL	Schlumberger	Pair Corr
0.63	AMIF	Amicorp FS PLC Split	Pair Corr
0.62	NBPU	NB Private Equity	Pair Corr
0.57	0V5H	Manulife Financial Corp	Pair Corr
0.56	0G9J	Tamburi Investment	Pair Corr
0.45	0R30	VF Corp	Pair Corr
0.4	RS1	RS GROUP PLC	Pair Corr
0.88	0H6X	Telia Company	Pair Corr
0.87	0UKI	Bank of Nova	Pair Corr
0.87	PAT	Panthera Resources PLC Earnings Call This Week	Pair Corr
0.81	SMSN	Samsung Electronics	Pair Corr
0.8	GRX	GreenX Metals	Pair Corr
0.76	CCC	Computacenter PLC	Pair Corr
0.76	0QB8	ASML Holding NV	Pair Corr
0.71	0K34	Monster Beverage Corp	Pair Corr
0.67	0HF7	Ametek Inc	Pair Corr
0.64	PRU	Prudential plc	Pair Corr

Related Correlations Analysis

	SMSN	SMSD	BC94	TYT	KAP	HHPD	RIGD	RICO	0HCI	CEIR
SMSN		0.97	1.0	0.75	0.76	0.5	0.65	-0.03	-0.29	0.0	SMSN
SMSD	0.97		0.96	0.73	0.67	0.63	0.57	-0.15	-0.17	0.0	SMSD
BC94	1.0	0.96		0.74	0.76	0.5	0.65	-0.03	-0.29	0.0	BC94
TYT	0.75	0.73	0.74		0.46	0.55	0.73	0.15	-0.36	0.0	TYT
KAP	0.76	0.67	0.76	0.46		0.15	0.43	0.14	-0.4	0.0	KAP
HHPD	0.5	0.63	0.5	0.55	0.15		0.3	-0.27	0.12	0.0	HHPD
RIGD	0.65	0.57	0.65	0.73	0.43	0.3		0.32	-0.67	0.0	RIGD
RICO	-0.03	-0.15	-0.03	0.15	0.14	-0.27	0.32		-0.58	0.0	RICO
0HCI	-0.29	-0.17	-0.29	-0.36	-0.4	0.12	-0.67	-0.58		0.0	0HCI
CEIR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CEIR
	SMSN	SMSD	BC94	TYT	KAP	HHPD	RIGD	RICO	0HCI	CEIR

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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

BC94	+ 1.0	SMSN
SMSD	+ 0.97	SMSN
BC94	+ 0.96	SMSD
KAP	+ 0.76	SMSN
KAP	+ 0.76	BC94
TYT	+ 0.75	SMSN

High negative correlations

0HCI	- 0.67	RIGD
0HCI	- 0.58	RICO
0HCI	- 0.4	KAP
0HCI	- 0.36	TYT
0HCI	- 0.29	BC94
0HCI	- 0.29	SMSN

Risk-Adjusted Indicators

There is a big difference between Team Stock performing well and Team Internet 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 Team Internet'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
SMSN	2.02	0.39	0.16	0.52	2.20	(2.40)	4.48	(3.83)	11.94
SMSD	1.72	0.29	0.12	0.37	2.11	(1.94)	3.57	(3.79)	10.35
BC94	2.01	0.38	0.15	0.51	2.18	(2.38)	4.48	(3.83)	11.94
TYT	1.16	0.19	0.06	0.75	1.42	(1.58)	3.36	(2.89)	10.12
KAP	2.18	0.21	0.08	0.25	2.39	(2.68)	5.64	(4.75)	18.39
HHPD	2.04	(0.06)	(0.03)	0.00	2.41	(2.25)	4.17	(3.88)	12.78
RIGD	0.74	0.12	0.07	0.66	0.73	(0.93)	1.60	(1.24)	5.41
RICO	1.02	0.01	(0.02)	0.00	1.89	(1.48)	2.78	(4.17)	10.16
0HCI	2.00	(0.02)	0.00	0.11	0.00	0.00	4.44	(4.01)	12.58
CEIR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Team Internet 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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