Tourmaline Bio Correlations
TRML Stock | 18.48 0.12 0.65% |
The current 90-days correlation between Tourmaline Bio and Sonos Inc is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tourmaline Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tourmaline Bio Correlation With Market
Average diversification
The correlation between Tourmaline Bio and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tourmaline Bio and DJI in the same portfolio, assuming nothing else is changed.
Tourmaline | Build AI portfolio with Tourmaline Stock |
Moving together with Tourmaline Stock
Moving against Tourmaline Stock
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Tourmaline Stock performing well and Tourmaline Bio 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 Tourmaline Bio'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SONO | 2.27 | 0.48 | 0.14 | (5.59) | 2.14 | 6.00 | 15.71 | |||
GLMFF | 1.14 | 0.62 | 0.00 | (2.00) | 0.00 | 0.00 | 18.18 | |||
MAT | 1.52 | 0.19 | 0.16 | 0.26 | 1.24 | 3.53 | 12.80 | |||
RDN | 1.18 | (0.07) | (0.04) | 0.06 | 1.52 | 2.39 | 7.42 | |||
SLF | 0.68 | 0.10 | 0.02 | 0.38 | 0.88 | 1.16 | 7.69 | |||
JDSPY | 2.95 | 0.19 | 0.06 | 0.27 | 3.34 | 6.86 | 17.47 | |||
CINF | 1.05 | 0.06 | 0.04 | 0.18 | 1.21 | 2.50 | 6.52 | |||
LINSA | 1.18 | 0.61 | 0.00 | (6.44) | 0.00 | 0.00 | 37.50 |
Tourmaline Bio Corporate Management
Susan Jones | Chief Officer | Profile | |
Kimberly Piorkowski | Culture People | Profile | |
Bradford JD | General Officer | Profile | |
Dr MBA | Chief Officer | Profile | |
Emil MD | Senior Research | Profile | |
Yung MD | Chief Officer | Profile |