Tetra Technologies Correlations

TTI Stock

USD 3.24 0.16 4.71%

The current 90-days correlation between Tetra Technologies and CECO Environmental Corp is 0.36 (i.e., Weak diversification). The correlation of Tetra Technologies 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.

Tetra Technologies Correlation With Market

Good diversification

The correlation between Tetra Technologies and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tetra Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tetra Stock

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

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

Moving together with Tetra Stock

0.87	BOOM	Dmc Global	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.64	R	Ryder System	Pair Corr
0.72	AL	Air Lease	Pair Corr
0.7	AZ	A2Z Smart Technologies	Pair Corr
0.79	BE	Bloom Energy Corp	Pair Corr
0.71	BW	Babcock Wilcox Enter	Pair Corr
0.75	CR	Crane Company	Pair Corr
0.73	CW	Curtiss Wright	Pair Corr
0.65	DE	Deere Company	Pair Corr
0.68	DY	Dycom Industries	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.67	IR	Ingersoll Rand	Pair Corr
0.71	NX	Quanex Building Products	Pair Corr
0.72	OP	Oceanpal	Pair Corr

Moving against Tetra Stock

0.81	SPLP	Steel Partners Holdings	Pair Corr
0.48	G	Genpact Limited	Pair Corr
0.36	CODI-PA	Compass Diversified	Pair Corr
0.33	CODI-PB	Compass Diversified	Pair Corr
0.31	CODI-PC	Compass Diversified	Pair Corr
0.62	NL	NL Industries	Pair Corr
0.48	MG	Mistras Group	Pair Corr
0.42	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	CECO	MCRUF	CPAC	MYRG	GMS	GTLS-PB	ECG	PH
CECO		0.66	0.75	0.95	0.63	0.77	0.94	0.9	CECO
MCRUF	0.66		0.65	0.68	0.87	0.41	0.63	0.63	MCRUF
CPAC	0.75	0.65		0.74	0.67	0.5	0.78	0.74	CPAC
MYRG	0.95	0.68	0.74		0.69	0.84	0.95	0.96	MYRG
GMS	0.63	0.87	0.67	0.69		0.45	0.63	0.65	GMS
GTLS-PB	0.77	0.41	0.5	0.84	0.45		0.77	0.89	GTLS-PB
ECG	0.94	0.63	0.78	0.95	0.63	0.77		0.95	ECG
PH	0.9	0.63	0.74	0.96	0.65	0.89	0.95		PH
	CECO	MCRUF	CPAC	MYRG	GMS	GTLS-PB	ECG	PH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Tetra Stock performing well and Tetra Technologies 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 Tetra Technologies' 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
CECO	2.61	0.44	0.12	8.92	2.71	(2.96)	6.19	(4.36)	20.71
MCRUF	0.89	0.18	0.00	1.71	0.00	0.00	3.51	0.00	18.14
CPAC	1.37	0.11	0.01	(5.64)	2.11	(1.45)	3.19	(3.36)	8.75
MYRG	2.02	0.59	0.24	0.52	1.78	(2.30)	3.55	(3.43)	22.58
GMS	2.36	0.56	0.26	0.64	1.58	(2.84)	10.48	(3.81)	25.00
GTLS-PB	2.48	0.07	0.03	0.12	3.47	(2.75)	6.16	(5.95)	17.47
ECG	2.51	0.76	0.29	0.60	2.19	(3.12)	6.46	(4.07)	20.95
PH	1.57	0.10	0.04	0.14	2.58	(1.56)	2.97	(2.69)	19.46

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC