Tembo Global Correlations

TEMBO Stock

795.70 21.65 2.65%

The current 90-days correlation between Tembo Global Industries and Shaily Engineering Plastics is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tembo Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tembo Global Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tembo Global Correlation With Market

Significant diversification

The correlation between Tembo Global Industries and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tembo Global Industries and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tembo Stock

0.63	UNIONBANK	Union Bank	Pair Corr
0.82	ITI	ITI Limited	Pair Corr
0.66	UNIDT	United Drilling Tools	Pair Corr

Related Correlations Analysis

	HATHWAY	SHAILY	V2RETAIL	SPTL	CLEAN	TOTAL	CMRSL	BGLOBAL
HATHWAY		-0.84	-0.6	0.0	0.48	0.68	0.25	-0.89	HATHWAY
SHAILY	-0.84		0.71	0.0	-0.39	-0.56	-0.4	0.95	SHAILY
V2RETAIL	-0.6	0.71		0.0	0.17	-0.12	-0.45	0.8	V2RETAIL
SPTL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SPTL
CLEAN	0.48	-0.39	0.17	0.0		0.8	0.29	-0.33	CLEAN
TOTAL	0.68	-0.56	-0.12	0.0	0.8		0.2	-0.58	TOTAL
CMRSL	0.25	-0.4	-0.45	0.0	0.29	0.2		-0.41	CMRSL
BGLOBAL	-0.89	0.95	0.8	0.0	-0.33	-0.58	-0.41		BGLOBAL
	HATHWAY	SHAILY	V2RETAIL	SPTL	CLEAN	TOTAL	CMRSL	BGLOBAL

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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

BGLOBAL	+ 0.95	SHAILY
BGLOBAL	+ 0.8	V2RETAIL
TOTAL	+ 0.8	CLEAN
V2RETAIL	+ 0.71	SHAILY
TOTAL	+ 0.68	HATHWAY
CLEAN	+ 0.48	HATHWAY

High negative correlations

BGLOBAL	- 0.89	HATHWAY
SHAILY	- 0.84	HATHWAY
V2RETAIL	- 0.6	HATHWAY
BGLOBAL	- 0.58	TOTAL
TOTAL	- 0.56	SHAILY
CMRSL	- 0.45	V2RETAIL

Risk-Adjusted Indicators

There is a big difference between Tembo Stock performing well and Tembo Global 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 Tembo Global'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
HATHWAY	1.61	(0.36)	0.00	(2.91)	0.00	0.00	2.80	(3.62)	11.58
SHAILY	2.52	0.72	0.31	34.05	1.83	(3.34)	6.96	(3.62)	22.86
V2RETAIL	2.32	0.38	0.12	1.97	2.64	(2.36)	5.00	(4.95)	10.00
SPTL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLEAN	1.59	(0.13)	0.00	(0.76)	0.00	0.00	2.95	(3.95)	11.93
TOTAL	1.79	(0.29)	0.00	(1.09)	0.00	0.00	4.92	(4.08)	10.02
CMRSL	3.37	0.05	0.01	0.17	3.97	(4.18)	5.68	(5.00)	22.79
BGLOBAL	1.34	0.66	0.00	4.29	0.00	0.00	4.90	0.00	6.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tembo Global 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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