Trugolf Correlations

TRUG Stock

1.67 0.23 12.11%

The current 90-days correlation between Trugolf and Freight Technologies is -0.14 (i.e., Good diversification). The correlation of Trugolf 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.

Trugolf Correlation With Market

Significant diversification

The correlation between Trugolf 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 Trugolf and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Trugolf Stock

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

For more detail on how to invest in Trugolf Stock please use our How to Invest in Trugolf guide.

Moving together with Trugolf Stock

0.65	SE	Sea	Pair Corr
0.87	DOYU	DouYu International Earnings Call This Week	Pair Corr
0.94	GCL	GCL Global Holdings	Pair Corr
0.7	GRVY	Gravity	Pair Corr
0.65	301011	GuangZhou Wahlap Tec	Pair Corr
0.65	HUYA	HUYA Inc	Pair Corr
0.8	BET	NorthStar Gaming Holdings	Pair Corr
0.75	002354	Dalian Zeus Entertainment	Pair Corr
0.63	SKLZ	Skillz Platform	Pair Corr

Moving against Trugolf Stock

0.79	EA	Electronic Arts	Pair Corr
0.77	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.71	SP8	Streamplay Studio	Pair Corr
0.6	002555	37 Interactive Enter	Pair Corr
0.5	300052	Shenzhen Zqgame	Pair Corr
0.42	PLY	Playside Studios	Pair Corr
0.34	603444	G bits Network	Pair Corr
0.78	LUNA	Luna Innovations	Pair Corr
0.69	PANW	Palo Alto Networks Earnings Call This Week	Pair Corr
0.65	BILI	Bilibili	Pair Corr
0.61	HHUSF	Hua Hong Semiconductor	Pair Corr
0.58	SIGL	Signal Advance	Pair Corr
0.57	TTWO	Take Two Interactive	Pair Corr
0.51	SLF	Sun Life Financial	Pair Corr
0.38	LU7	Lithium Universe	Pair Corr

Related Correlations Analysis

	MYPS	FRGT	TAOP	AUUD	WLDS	MAPS	IMTE	CETX	GDEV	TGL
MYPS		0.84	0.66	0.75	0.2	0.78	0.43	0.48	-0.08	0.49	MYPS
FRGT	0.84		0.7	0.74	0.38	0.76	0.52	0.4	0.06	0.56	FRGT
TAOP	0.66	0.7		0.87	0.1	0.75	0.21	0.74	-0.25	0.69	TAOP
AUUD	0.75	0.74	0.87		0.14	0.73	0.37	0.73	-0.23	0.81	AUUD
WLDS	0.2	0.38	0.1	0.14		0.44	0.5	-0.36	0.4	0.24	WLDS
MAPS	0.78	0.76	0.75	0.73	0.44		0.48	0.4	-0.03	0.55	MAPS
IMTE	0.43	0.52	0.21	0.37	0.5	0.48		-0.19	0.45	0.35	IMTE
CETX	0.48	0.4	0.74	0.73	-0.36	0.4	-0.19		-0.7	0.6	CETX
GDEV	-0.08	0.06	-0.25	-0.23	0.4	-0.03	0.45	-0.7		-0.14	GDEV
TGL	0.49	0.56	0.69	0.81	0.24	0.55	0.35	0.6	-0.14		TGL
	MYPS	FRGT	TAOP	AUUD	WLDS	MAPS	IMTE	CETX	GDEV	TGL

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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

AUUD	+ 0.87	TAOP
FRGT	+ 0.84	MYPS
TGL	+ 0.81	AUUD
MAPS	+ 0.78	MYPS
MAPS	+ 0.76	FRGT
AUUD	+ 0.75	MYPS

High negative correlations

GDEV	- 0.7	CETX
CETX	- 0.36	WLDS
GDEV	- 0.25	TAOP
GDEV	- 0.23	AUUD
CETX	- 0.19	IMTE
TGL	- 0.14	GDEV

Risk-Adjusted Indicators

There is a big difference between Trugolf Stock performing well and Trugolf 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 Trugolf'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
MYPS	2.27	(0.67)	0.00	(0.51)	0.00	0.00	4.21	(9.80)	16.57
FRGT	3.75	(0.77)	0.00	0.80	0.00	0.00	8.33	(11.97)	31.64
TAOP	4.31	(0.84)	0.00	(0.39)	0.00	0.00	5.94	(10.56)	43.74
AUUD	3.96	(1.14)	0.00	(0.39)	0.00	0.00	7.93	(8.50)	33.31
WLDS	16.28	5.36	0.55	(3.02)	7.50	(23.88)	22.16	(12.74)	437.89
MAPS	3.26	(0.57)	0.00	(0.21)	0.00	0.00	6.14	(8.06)	24.80
IMTE	4.66	(0.01)	0.00	0.11	0.00	0.00	14.61	(8.33)	41.65
CETX	5.11	(2.66)	0.00	(0.56)	0.00	0.00	8.41	(10.77)	41.49
GDEV	6.34	0.84	0.12	0.45	6.66	(7.94)	23.55	(10.58)	73.95
TGL	6.28	(0.50)	0.00	(0.08)	0.00	0.00	13.89	(11.48)	56.03

Trugolf Corporate Management

Steven Johnson	Chief Officer	Profile
Lindsay Jones	Chief Officer	Profile
Doug Bybee	Chief Officer	Profile
Brenner Adams	Chief Officer	Profile
Nathan Larsen	Chief Officer	Profile

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