Trade Desk Correlations

T2TD34 Stock

BRL 3.26 0.07 2.19%

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

Average diversification

The correlation between The Trade Desk and DJI is 0.1 (i.e., Average 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

0.94	N1OW34	ServiceNow	Pair Corr
0.97	D1DG34	Datadog,	Pair Corr
0.92	A1UT34	Autodesk	Pair Corr
0.85	Z1OM34	Zoom Video Communications	Pair Corr
0.89	TSMC34	Taiwan Semiconductor	Pair Corr

Moving against Trade Stock

0.87	B1SA34	Banco Santander Chile	Pair Corr
0.77	S1SN34	SSC Technologies Hol	Pair Corr
0.77	SNEC34	Sony Group	Pair Corr
0.7	M1UF34	Mitsubishi UFJ Financial	Pair Corr
0.65	BERK34	Berkshire Hathaway	Pair Corr
0.59	U1BE34	Uber Technologies	Pair Corr
0.58	JDCO34	JD Inc	Pair Corr
0.48	NMRH34	Nomura Holdings	Pair Corr

Related Correlations Analysis

	S1MF34	Z1OM34	L1YG34	L2PL34	K1BF34	I1BN34	H1IG34
S1MF34		-0.06	0.13	-0.38	0.06	0.34	0.27	S1MF34
Z1OM34	-0.06		-0.85	0.36	0.7	0.67	-0.8	Z1OM34
L1YG34	0.13	-0.85		-0.29	-0.78	-0.66	0.86	L1YG34
L2PL34	-0.38	0.36	-0.29		0.25	-0.13	-0.64	L2PL34
K1BF34	0.06	0.7	-0.78	0.25		0.48	-0.67	K1BF34
I1BN34	0.34	0.67	-0.66	-0.13	0.48		-0.41	I1BN34
H1IG34	0.27	-0.8	0.86	-0.64	-0.67	-0.41		H1IG34
	S1MF34	Z1OM34	L1YG34	L2PL34	K1BF34	I1BN34	H1IG34

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

H1IG34	+ 0.86	L1YG34
K1BF34	+ 0.7	Z1OM34
I1BN34	+ 0.67	Z1OM34
I1BN34	+ 0.48	K1BF34
L2PL34	+ 0.36	Z1OM34
I1BN34	+ 0.34	S1MF34

High negative correlations

L1YG34	- 0.85	Z1OM34
H1IG34	- 0.8	Z1OM34
K1BF34	- 0.78	L1YG34
H1IG34	- 0.67	K1BF34
I1BN34	- 0.66	L1YG34
H1IG34	- 0.64	L2PL34

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
S1MF34	0.83	0.04	0.04	0.05	1.18	(2.13)	3.11	(3.09)	9.35
Z1OM34	1.56	(0.26)	0.00	(1.00)	0.00	0.00	2.34	(3.13)	19.86
L1YG34	1.85	0.45	0.20	0.80	1.96	(1.95)	3.89	(3.55)	10.58
L2PL34	1.33	(0.03)	0.00	(0.13)	0.00	0.00	2.55	(3.05)	12.89
K1BF34	1.32	(0.16)	0.00	(6.43)	0.00	0.00	2.73	(4.17)	14.30
I1BN34	0.70	(0.12)	0.00	0.55	0.00	0.00	1.55	(2.23)	7.56
H1IG34	0.01	0.00	0.00	0.35	0.00	0.00	0.00	0.00	0.40

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.

Did you try this?

Run Portfolio Volatility Now

Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk

All Next

Launch Module

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.

Robyn Perry	VP Operations	Profile
Tahnil Davis	VP Officer	Profile
Chris Toth	VP Relations	Profile
Ian Colley	Ex Officer	Profile
Jay Grant	Chief Officer	Profile

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

2024 Macroaxis LLC