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.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TROOPS Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with TROOPS Stock

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  0.67ON ON SemiconductorPairCorr
  0.67ZS ZscalerPairCorr
  0.7DOMO Domo Inc Upward RallyPairCorr

Moving against TROOPS Stock

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  0.43IT GartnerPairCorr
  0.55VERI Veritone Tech BoostPairCorr
  0.5WK WorkivaPairCorr
  0.43PD PagerdutyPairCorr
  0.38QH Quhuo Tech BoostPairCorr
  0.35DOCN DigitalOcean HoldingsPairCorr
  0.34VERX VertexPairCorr

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   
RERESNTG
HTCRVERX
SNTGVTEX
REREVTEX
HTCROST
WFCFWALD
  
High negative correlations   
REREVERX
HTCRRERE
OSTWFCF
SNTGVERX
HTCRSNTG
VTEXWFCF

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.

TROOPS Corporate Management

Jessica ChongCompany SecProfile
Kathy KoInvestor OfficerProfile
Chung LuiChief OfficerProfile
Wing LuiChief OfficerProfile