Teuton Resources Correlations
| TEUTF Stock | USD 0.59 0.04 6.35% |
The current 90-days correlation between Teuton Resources Corp and Teuton Resources Corp is 0.16 (i.e., Average diversification). The correlation of Teuton Resources 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.
Teuton Resources Correlation With Market
Average diversification
The correlation between Teuton Resources Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teuton Resources Corp and DJI in the same portfolio, assuming nothing else is changed.
Teuton |
The ability to find closely correlated positions to Teuton Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teuton Resources 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 Teuton Resources - 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 Teuton Resources Corp to buy it.
Moving together with Teuton Pink Sheet
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| 0.72 | JPM | JPMorgan Chase | PairCorr |
| 0.69 | BAC | Bank of America Aggressive Push | PairCorr |
Moving against Teuton Pink Sheet
| 0.7 | GLABF | Gemina Laboratories | PairCorr |
| 0.45 | IMPUF | Impala Platinum Holdings | PairCorr |
| 0.44 | NSFDF | NXT Energy Solutions Earnings Call Today | PairCorr |
| 0.38 | IMPUY | Impala Platinum Holdings | PairCorr |
| 0.31 | FNLPF | Fresnillo PLC Potential Growth | PairCorr |
| 0.31 | BVN | Compania de Minas | PairCorr |
| 0.57 | TRV | The Travelers Companies | PairCorr |
| 0.37 | VZ | Verizon Communications | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Teuton Pink Sheet performing well and Teuton Resources 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 Teuton Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TVIPF | 55.27 | 24.81 | 0.40 | 0.70 | 24.49 | 96.20 | 1,194 | |||
| MSLM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SBUM | 8.24 | 2.05 | 0.00 | 0.80 | 0.00 | 0.00 | 244.05 | |||
| TUO | 2.29 | (0.16) | 0.00 | (0.50) | 0.00 | 4.30 | 21.69 | |||
| IPOAF | 3.08 | 0.47 | 0.06 | 0.33 | 3.60 | 11.54 | 26.41 |