TROOPS Correlations
TROO Stock | USD 0.80 0.09 10.11% |
The current 90-days correlation between TROOPS Inc and Where Food Comes is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TROOPS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TROOPS Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
TROOPS Correlation With Market
Significant diversification
The correlation between TROOPS Inc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TROOPS Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with TROOPS Stock
0.62 | WKEY | Wisekey International Tech Boost | PairCorr |
0.62 | DIOD | Diodes Incorporated | PairCorr |
0.63 | AI | C3 Ai Inc | PairCorr |
0.63 | FN | Fabrinet | PairCorr |
0.71 | JG | Aurora Mobile | PairCorr |
0.62 | KE | Kimball Electronics | PairCorr |
0.68 | MQ | Marqeta | PairCorr |
0.66 | MU | Micron Technology | PairCorr |
0.67 | ON | ON Semiconductor | PairCorr |
0.67 | ZS | Zscaler | PairCorr |
0.7 | DOMO | Domo Inc Upward Rally | PairCorr |
Moving against TROOPS Stock
0.57 | FI | Fiserv, Earnings Call This Week | PairCorr |
0.43 | IT | Gartner | PairCorr |
0.55 | VERI | Veritone Tech Boost | PairCorr |
0.5 | WK | Workiva | PairCorr |
0.43 | PD | Pagerduty | PairCorr |
0.38 | QH | Quhuo Tech Boost | PairCorr |
0.35 | DOCN | DigitalOcean Holdings | PairCorr |
0.34 | VERX | Vertex | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between TROOPS Stock performing well and TROOPS 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 TROOPS'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WALD | 3.66 | (0.08) | (0.02) | 0.03 | 4.92 | 9.22 | 33.24 | |||
WFCF | 2.36 | (0.09) | 0.00 | (6.76) | 0.00 | 5.83 | 21.09 | |||
VTEX | 1.90 | 0.25 | 0.13 | 0.33 | 1.83 | 5.18 | 9.97 | |||
VERX | 1.73 | (0.20) | 0.00 | (0.25) | 0.00 | 2.79 | 10.48 | |||
SNTG | 2.38 | 0.13 | 0.04 | 0.28 | 2.55 | 5.00 | 19.19 | |||
IFBD | 3.81 | (0.11) | 0.00 | (0.02) | 0.00 | 7.53 | 41.07 | |||
RERE | 3.32 | 0.68 | 0.18 | 0.74 | 3.24 | 8.88 | 22.59 | |||
OST | 13.71 | 3.51 | 0.12 | (4.43) | 19.69 | 25.42 | 392.65 | |||
HTCR | 4.46 | (0.24) | 0.00 | 0.52 | 0.00 | 9.30 | 41.87 |