Top Wealth Correlations

TWG Stock

0.15 0.01 7.14%

The correlation of Top Wealth 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.

Top Wealth Correlation With Market

Significant diversification

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

Build AI portfolio with Top Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Top Wealth Group. 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.

Moving together with Top Stock

0.77	WILC	G Willi Food	Pair Corr
0.73	AVO	Mission Produce	Pair Corr
0.65	DIT	AMCON Distributing	Pair Corr
0.66	PFGC	Performance Food Earnings Call This Week	Pair Corr
0.64	CHEF	Chefs Warehouse	Pair Corr
0.81	UNFI	United Natural Foods	Pair Corr
0.76	USFD	US Foods Holding Earnings Call This Week	Pair Corr
0.61	EL	Estee Lauder Companies	Pair Corr
0.86	UG	United Guardian Earnings Call This Week	Pair Corr
0.86	DNUT	Krispy Kreme	Pair Corr
0.71	DTCK	Davis Commodities	Pair Corr
0.85	EDBL	Edible Garden AG	Pair Corr
0.76	EEIQ	Elite Education Group	Pair Corr

Moving against Top Stock

0.79	DG	Dollar General	Pair Corr
0.76	UL	Unilever PLC ADR	Pair Corr
0.75	MO	Altria Group	Pair Corr
0.74	BJ	BJs Wholesale Club	Pair Corr
0.66	KR	Kroger Company	Pair Corr
0.63	BG	Bunge Limited	Pair Corr
0.61	CL	Colgate Palmolive	Pair Corr
0.6	HFFG	Hf Foods Group Earnings Call This Week	Pair Corr
0.6	PM	Philip Morris Intern	Pair Corr
0.59	K	Kellanova	Pair Corr
0.5	CVGW	Calavo Growers	Pair Corr
0.49	TR	Tootsie Roll Industries	Pair Corr
0.44	KO	Coca Cola	Pair Corr
0.31	SPTN	SpartanNash	Pair Corr
0.81	VSTA	Vasta Platform	Pair Corr
0.75	BUD	Anheuser Busch Inbev Earnings Call This Week	Pair Corr
0.71	FIZZ	National Beverage Corp	Pair Corr
0.7	BTI	British American Tobacco	Pair Corr
0.6	ACI	Albertsons Companies	Pair Corr
0.53	ACU	Acme United	Pair Corr
0.38	DOLE	Dole PLC	Pair Corr
0.38	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr

Related Correlations Analysis

	RBMTF	TTAM	WVVIP	CTYMF	IDR	KO	DEO	WRN
RBMTF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RBMTF
TTAM	0.0		-0.21	-0.72	-0.58	-0.25	-0.04	-0.11	TTAM
WVVIP	0.0	-0.21		0.28	0.46	0.01	-0.35	0.36	WVVIP
CTYMF	0.0	-0.72	0.28		0.83	0.7	-0.05	0.4	CTYMF
IDR	0.0	-0.58	0.46	0.83		0.4	0.02	0.49	IDR
KO	0.0	-0.25	0.01	0.7	0.4		-0.08	0.27	KO
DEO	0.0	-0.04	-0.35	-0.05	0.02	-0.08		-0.1	DEO
WRN	0.0	-0.11	0.36	0.4	0.49	0.27	-0.1		WRN
	RBMTF	TTAM	WVVIP	CTYMF	IDR	KO	DEO	WRN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

IDR	+ 0.83	CTYMF
KO	+ 0.7	CTYMF
WRN	+ 0.49	IDR
IDR	+ 0.46	WVVIP
WRN	+ 0.4	CTYMF
KO	+ 0.4	IDR

High negative correlations

CTYMF	- 0.72	TTAM
IDR	- 0.58	TTAM
DEO	- 0.35	WVVIP
KO	- 0.25	TTAM
WVVIP	- 0.21	TTAM
WRN	- 0.11	TTAM

Risk-Adjusted Indicators

There is a big difference between Top Stock performing well and Top Wealth 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 Top Wealth'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
RBMTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTAM	2.43	(0.10)	0.00	(0.20)	0.00	0.00	4.98	(5.50)	18.67
WVVIP	1.42	(0.01)	0.05	(1.50)	1.84	(1.76)	3.50	(3.67)	10.24
CTYMF	3.62	0.89	0.19	8.56	3.48	(5.11)	7.80	(8.16)	28.71
IDR	3.43	0.43	0.11	0.48	3.85	(3.78)	7.40	(6.70)	18.40
KO	1.05	0.24	0.24	0.81	1.18	(1.14)	1.94	(1.74)	9.15
DEO	1.24	(0.02)	0.00	(2.26)	0.00	0.00	2.43	(2.11)	8.97
WRN	2.82	0.24	0.07	0.23	3.32	(3.37)	6.14	(5.79)	16.80

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