Trade Desk Correlations

TT8 Stock

EUR 68.96 1.05 1.50%

The current 90-days correlation between Trade Desk and Reliance Steel Aluminum is 0.05 (i.e., Significant diversification). The correlation of Trade Desk 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.

Trade Desk Correlation With Market

Good diversification

The correlation between The Trade Desk and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Trade Desk and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Trade Stock

0.72	SAP	SAP SE Earnings Call Tomorrow	Pair Corr
0.74	SAPA	SAP SE Earnings Call Tomorrow	Pair Corr
0.71	4S0	ServiceNow Earnings Call This Week	Pair Corr
0.8	UT8	Uber Technologies	Pair Corr
0.74	5Q5	Snowflake	Pair Corr
0.68	3QD	Datadog	Pair Corr
0.61	MSF	Microsoft	Pair Corr
0.61	MSF	Microsoft	Pair Corr
0.81	MSF	Microsoft	Pair Corr
0.63	HEI	Heidelberg Materials	Pair Corr
0.62	MUM	MENSCH UND MASCHINE Earnings Call This Week	Pair Corr
0.86	DBPE	Xtrackers LevDAX	Pair Corr
0.85	E908	Lyxor 1	Pair Corr

Moving against Trade Stock

0.86

DBPD

Xtrackers ShortDAX

Pair Corr

Related Correlations Analysis

	E908	DBPD	DBPE	94P	2DG	IUI1	6HW	CZX	RS6	3RKU
E908		-0.98	0.98	0.53	0.71	0.34	0.26	0.67	0.56	0.49	E908
DBPD	-0.98		-0.99	-0.47	-0.7	-0.45	-0.22	-0.65	-0.48	-0.37	DBPD
DBPE	0.98	-0.99		0.49	0.72	0.45	0.23	0.67	0.49	0.37	DBPE
94P	0.53	-0.47	0.49		0.13	0.0	0.65	0.67	0.8	0.63	94P
2DG	0.71	-0.7	0.72	0.13		0.51	-0.1	0.56	0.26	0.17	2DG
IUI1	0.34	-0.45	0.45	0.0	0.51		0.14	0.43	0.05	-0.35	IUI1
6HW	0.26	-0.22	0.23	0.65	-0.1	0.14		0.34	0.49	0.2	6HW
CZX	0.67	-0.65	0.67	0.67	0.56	0.43	0.34		0.75	0.51	CZX
RS6	0.56	-0.48	0.49	0.8	0.26	0.05	0.49	0.75		0.72	RS6
3RKU	0.49	-0.37	0.37	0.63	0.17	-0.35	0.2	0.51	0.72		3RKU
	E908	DBPD	DBPE	94P	2DG	IUI1	6HW	CZX	RS6	3RKU

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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

DBPE	+ 0.98	E908
RS6	+ 0.8	94P
RS6	+ 0.75	CZX
2DG	+ 0.72	DBPE
3RKU	+ 0.72	RS6
2DG	+ 0.71	E908

High negative correlations

DBPE	- 0.99	DBPD
DBPD	- 0.98	E908
2DG	- 0.7	DBPD
CZX	- 0.65	DBPD
RS6	- 0.48	DBPD
94P	- 0.47	DBPD

Risk-Adjusted Indicators

There is a big difference between Trade Stock performing well and Trade Desk 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 Trade Desk'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
E908	0.74	0.19	0.07	6.87	0.60	(0.83)	1.55	(1.32)	5.26
DBPD	1.50	(0.39)	0.00	(2.76)	0.00	0.00	1.92	(3.64)	7.35
DBPE	1.40	0.39	0.17	(5.54)	1.13	(1.61)	3.11	(2.06)	8.44
94P	1.27	0.16	0.03	0.89	1.46	(1.65)	3.01	(2.63)	10.45
2DG	3.52	0.36	0.08	0.51	3.07	(6.61)	9.68	(5.71)	20.87
IUI1	1.17	0.13	0.01	1.34	1.31	(1.36)	2.92	(1.94)	9.48
6HW	0.62	0.12	(0.01)	(2.27)	0.64	(1.29)	2.46	(1.79)	5.60
CZX	0.58	0.17	0.02	(0.97)	0.34	(0.96)	1.69	(0.58)	4.92
RS6	1.09	0.33	0.14	(1.40)	0.84	(1.28)	2.81	(1.99)	7.01
3RKU	1.70	0.39	0.15	0.90	1.65	(2.22)	4.11	(3.40)	11.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Trade Desk 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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Trade Desk Corporate Management

Elected by the shareholders, the Trade Desk's board of directors comprises two types of representatives: Trade Desk inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trade. The board's role is to monitor Trade Desk's management team and ensure that shareholders' interests are well served. Trade Desk's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trade Desk's outside directors are responsible for providing unbiased perspectives on the board's policies.

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