Tigo Energy Correlations

TYGO Stock

1.30 0.02 1.56%

The current 90-days correlation between Tigo Energy and Bright Scholar Education is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tigo Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tigo Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tigo Energy Correlation With Market

Significant diversification

The correlation between Tigo Energy and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tigo Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tigo Stock

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

To learn how to invest in Tigo Stock, please use our How to Invest in Tigo Energy guide.

Moving together with Tigo Stock

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0.92	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.94	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.71	INTC	Intel Earnings Call This Week	Pair Corr
0.92	MRVL	Marvell Technology Aggressive Push	Pair Corr
0.92	NVDA	NVIDIA Aggressive Push	Pair Corr
0.88	NVMI	Nova	Pair Corr
0.79	OLED	Universal Display	Pair Corr
0.88	QRVO	Qorvo Inc Earnings Call This Week	Pair Corr
0.69	AMBA	Ambarella	Pair Corr
0.92	AVGO	Broadcom Aggressive Push	Pair Corr
0.81	TSEM	Tower Semiconductor	Pair Corr
0.87	CAMT	Camtek	Pair Corr
0.87	VRRM	Verra Mobility Corp	Pair Corr
0.7	ENLV	Enlivex Therapeutics	Pair Corr
0.86	FRGE	Forge Global Holdings	Pair Corr
0.95	IBM	International Business Earnings Call This Week	Pair Corr
0.94	LPL	LG Display Earnings Call This Week	Pair Corr
0.71	ITRN	Ituran Location	Pair Corr
0.94	LITE	Lumentum Holdings	Pair Corr
0.78	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.9	MSFT	Microsoft	Pair Corr
0.7	AVPTW	AvePoint	Pair Corr
0.63	RGTIW	Rigetti Computing Trending	Pair Corr
0.75	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.94	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.89	RDWR	Radware	Pair Corr
0.63	RGTI	Rigetti Computing Trending	Pair Corr
0.85	AAOI	Applied Opt	Pair Corr

Moving against Tigo Stock

0.69	ARQQW	Arqit Quantum Warrants	Pair Corr
0.44	MAPSW	WM Technology	Pair Corr
0.65	QMCO	Quantum	Pair Corr
0.35	07274NBG7	BAYNGR 5 15	Pair Corr

Related Correlations Analysis

	VALN	SYRE	BEDU	SNCY	NEOG	GZITF	INBX
VALN		-0.44	-0.48	-0.5	0.1	-0.67	-0.32	VALN
SYRE	-0.44		0.71	0.48	0.06	0.23	0.48	SYRE
BEDU	-0.48	0.71		0.61	-0.01	0.36	0.47	BEDU
SNCY	-0.5	0.48	0.61		0.37	0.45	0.58	SNCY
NEOG	0.1	0.06	-0.01	0.37		-0.48	-0.3	NEOG
GZITF	-0.67	0.23	0.36	0.45	-0.48		0.74	GZITF
INBX	-0.32	0.48	0.47	0.58	-0.3	0.74		INBX
	VALN	SYRE	BEDU	SNCY	NEOG	GZITF	INBX

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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

INBX	+ 0.74	GZITF
BEDU	+ 0.71	SYRE
SNCY	+ 0.61	BEDU
INBX	+ 0.58	SNCY
SNCY	+ 0.48	SYRE
INBX	+ 0.48	SYRE

High negative correlations

GZITF	- 0.67	VALN
SNCY	- 0.5	VALN
GZITF	- 0.48	NEOG
BEDU	- 0.48	VALN
SYRE	- 0.44	VALN
INBX	- 0.32	VALN

Risk-Adjusted Indicators

There is a big difference between Tigo Stock performing well and Tigo Energy 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 Tigo Energy'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
VALN	1.72	(0.19)	0.00	(0.14)	0.00	0.00	3.35	(3.28)	9.89
SYRE	3.15	0.23	0.07	0.29	4.05	(3.30)	7.10	(6.70)	21.28
BEDU	2.82	(0.06)	0.02	0.10	3.17	(3.93)	7.88	(5.17)	27.73
SNCY	2.65	0.10	0.10	0.17	2.85	(3.35)	7.16	(4.80)	17.65
NEOG	3.38	(0.37)	0.00	(0.05)	0.00	0.00	6.83	(6.57)	28.98
GZITF	0.11	0.05	0.00	(0.83)	0.00	0.00	0.00	0.00	3.57
INBX	3.07	1.12	0.31	3.06	2.67	(3.83)	7.99	(4.49)	15.98

Tigo Energy Corporate Management

Jeffrey Sullivan	Chief Officer	Profile
Jing Tian	Chief Officer	Profile
Mirko Bindi	Senior Europe	Profile
James Dillon	Chief Officer	Profile
Luca Ressel	Business Italy	Profile
Anita Chang	Chief Officer	Profile

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