Turning Point Correlations
| TPB Stock | USD 32.73 0.16 0.49% |
The correlation of Turning Point 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Turning Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Turning Point Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Turning Point Brands and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Turning Point Brands and NYA in the same portfolio, assuming nothing else is changed.
Turning |
The ability to find closely correlated positions to Turning Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Turning Point 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 Turning Point - 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 Turning Point Brands to buy it.
Moving together with Turning Stock
| 0.68 | BG | Bunge Limited | PairCorr |
| 0.85 | MO | Altria Group | PairCorr |
| 0.66 | PM | Philip Morris Intern | PairCorr |
| 0.9 | DOLE | Dole PLC Financial Report 16th of May 2024 | PairCorr |
| 0.86 | VITL | Vital FarmsInc Earnings Call This Week | PairCorr |
| 0.75 | ADM | Archer Daniels Midland | PairCorr |
| 0.85 | BGS | BG Foods Earnings Call This Week | PairCorr |
Moving against Turning Stock
| 0.82 | FAMI | Farmmi Inc | PairCorr |
| 0.81 | BON | Bon Natural Life | PairCorr |
| 0.8 | EDBL | Edible Garden AG | PairCorr |
| 0.66 | BUD | Anheuser Busch Inbev Earnings Call This Week | PairCorr |
| 0.6 | DDC | DDC Enterprise | PairCorr |
| 0.6 | FMX | Fomento Economico | PairCorr |
| 0.48 | FREEW | Whole Earth Brands | PairCorr |
| 0.45 | FARM | Farmer Bros Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.6 | 0.31 | 0.55 | 0.29 | 0.01 | UVV | ||
| 0.6 | 0.16 | 0.83 | 0.37 | 0.18 | IMBBY | ||
| 0.31 | 0.16 | 0.15 | 0.38 | 0.08 | JAPAY | ||
| 0.55 | 0.83 | 0.15 | 0.28 | 0.23 | IMBBF | ||
| 0.29 | 0.37 | 0.38 | 0.28 | 0.03 | JAPAF | ||
| 0.01 | 0.18 | 0.08 | 0.23 | 0.03 | BTAFF | ||
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Risk-Adjusted Indicators
There is a big difference between Turning Stock performing well and Turning Point 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 Turning Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UVV | 1.36 | (0.16) | 0.00 | (0.09) | 0.00 | 2.32 | 9.17 | |||
| IMBBY | 0.91 | (0.08) | 0.00 | (0.04) | 0.00 | 1.71 | 6.93 | |||
| JAPAY | 0.66 | 0.07 | 0.03 | 0.27 | 0.64 | 1.47 | 3.19 | |||
| IMBBF | 2.04 | (0.01) | (0.01) | 0.05 | 3.10 | 4.65 | 11.80 | |||
| JAPAF | 0.74 | 0.10 | 0.03 | 0.38 | 0.79 | 3.18 | 6.41 | |||
| BTAFF | 1.79 | 0.03 | (0.02) | 20.36 | 2.14 | 5.22 | 11.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Turning Point 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.Did you try this?
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Turning Point Corporate Directors
Turning Point corporate directors refer to members of a Turning Point board of directors. The board of directors generally takes responsibility for the Turning Point's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Turning Point's board members must vote for the resolution. The Turning Point board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Assia GrazioliVenier | Independent Director | Profile | |
| Peggy Hebard | Independent Director | Profile | |
| H Diao | Independent Director | Profile | |
| Arnold Zimmerman | Independent Director | Profile |
Already Invested in Turning Point Brands?
The danger of trading Turning Point Brands is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Turning Point is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Turning Point. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Turning Point Brands is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Turning Point Brands offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Turning Point's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Turning Point Brands Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Turning Point Brands Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Turning Point Brands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Turning Stock analysis
When running Turning Point's price analysis, check to measure Turning Point's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turning Point is operating at the current time. Most of Turning Point's value examination focuses on studying past and present price action to predict the probability of Turning Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turning Point's price. Additionally, you may evaluate how the addition of Turning Point to your portfolios can decrease your overall portfolio volatility.
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Is Turning Point's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turning Point. If investors know Turning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turning Point listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.523 | Dividend Share 0.195 | Earnings Share 2.01 | Revenue Per Share 22.8 | Quarterly Revenue Growth (0.04) |
The market value of Turning Point Brands is measured differently than its book value, which is the value of Turning that is recorded on the company's balance sheet. Investors also form their own opinion of Turning Point's value that differs from its market value or its book value, called intrinsic value, which is Turning Point's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turning Point's market value can be influenced by many factors that don't directly affect Turning Point's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turning Point's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turning Point is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turning Point's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.