TGI Solar Correlations

TSPG Stock

USD 0 0.0001 9.09%

The correlation of TGI Solar 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.

TGI Solar Correlation With Market

Good diversification

The correlation between TGI Solar Power and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TGI Solar Power and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TGI Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TGI Solar 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 TGI Solar - 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 TGI Solar Power to buy it.

Moving against TGI Pink Sheet

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0.64	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.64	AX	Axos Financial	Pair Corr
0.62	CGXYY	China Galaxy Securities	Pair Corr
0.59	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.57	FPAFF	First Pacific	Pair Corr
0.55	SEDG	SolarEdge Technologies	Pair Corr
0.54	SRM	SRM Entertainment, Common Trending	Pair Corr
0.52	GITS	Global Interactive Symbol Change	Pair Corr
0.49	FSLR	First Solar	Pair Corr
0.49	LTRY	Lottery, Common Stock	Pair Corr
0.47	SMTGY	SMA Solar Technology	Pair Corr
0.47	CLH	Clean Harbors	Pair Corr
0.4	SMTGF	SMA Solar Technology	Pair Corr
0.39	TSLA	Tesla Inc Earnings Call This Week	Pair Corr
0.38	FENG	Phoenix New Media	Pair Corr
0.31	ODFL	Old Dominion Freight Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CHJI	SING	FTCI	SIRC	ASTI	HBRM	SNRY	VISM	ATVK
CHJI		0.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0	CHJI
SING	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SING
FTCI	0.0	0.0		0.32	0.5	0.0	0.0	0.79	0.79	FTCI
SIRC	0.0	0.0	0.32		0.16	0.0	0.0	0.2	0.16	SIRC
ASTI	0.0	0.0	0.5	0.16		0.0	0.0	0.6	0.56	ASTI
HBRM	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	HBRM
SNRY	1.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SNRY
VISM	0.0	0.0	0.79	0.2	0.6	0.0	0.0		0.7	VISM
ATVK	0.0	0.0	0.79	0.16	0.56	0.0	0.0	0.7		ATVK
	CHJI	SING	FTCI	SIRC	ASTI	HBRM	SNRY	VISM	ATVK

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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

SNRY	+ 1.0	CHJI
VISM	+ 0.79	FTCI
ATVK	+ 0.79	FTCI
ATVK	+ 0.7	VISM
VISM	+ 0.6	ASTI
ATVK	+ 0.56	ASTI

High negative correlations

ATVK	- 0.0	SNRY
VISM	- 0.0	SNRY
ATVK	- 0.0	HBRM
VISM	- 0.0	HBRM
SNRY	- 0.0	HBRM
SNRY	- 0.0	ASTI

Risk-Adjusted Indicators

There is a big difference between TGI Pink Sheet performing well and TGI Solar 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 TGI Solar'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
CHJI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SING	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTCI	3.54	0.78	0.21	0.50	3.79	(4.18)	8.99	(5.72)	25.50
SIRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASTI	6.70	1.26	0.19	0.49	6.63	(7.74)	7.46	(12.12)	161.25
HBRM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VISM	11.63	1.75	0.23	0.34	9.74	(13.92)	21.21	(15.38)	166.56
ATVK	16.79	5.60	0.33	3.47	13.24	(24.78)	42.86	(25.00)	139.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in TGI Solar 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.

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