Tetragon Financial Correlations

TFG Stock

16.50 0.35 2.17%

The current 90-days correlation between Tetragon Financial and Griffin Mining is 0.07 (i.e., Significant diversification). The correlation of Tetragon Financial 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.

Tetragon Financial Correlation With Market

Good diversification

The correlation between Tetragon Financial Group and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tetragon Financial Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tetragon Stock

0.61	TYT	Toyota Motor Corp	Pair Corr
0.63	0R15	SoftBank Group Corp	Pair Corr
0.79	0HAV	Agilent Technologies	Pair Corr

Moving against Tetragon Stock

0.8	0JU0	Lennar Corp Cl	Pair Corr
0.74	0R2O	Freeport McMoRan	Pair Corr
0.56	0R28	Newmont Corp	Pair Corr

Related Correlations Analysis

	GFM	0R07	0LAI	ATYM	AMS	0R0U	HOC
GFM		-0.31	-0.38	0.25	-0.22	0.22	0.16	GFM
0R07	-0.31		0.01	0.17	0.38	-0.09	0.21	0R07
0LAI	-0.38	0.01		-0.29	-0.02	-0.48	-0.53	0LAI
ATYM	0.25	0.17	-0.29		0.18	0.25	0.61	ATYM
AMS	-0.22	0.38	-0.02	0.18		0.01	0.17	AMS
0R0U	0.22	-0.09	-0.48	0.25	0.01		0.52	0R0U
HOC	0.16	0.21	-0.53	0.61	0.17	0.52		HOC
	GFM	0R07	0LAI	ATYM	AMS	0R0U	HOC

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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

HOC	+ 0.61	ATYM
HOC	+ 0.52	0R0U
AMS	+ 0.38	0R07
ATYM	+ 0.25	GFM
0R0U	+ 0.25	ATYM
0R0U	+ 0.22	GFM

High negative correlations

HOC	- 0.53	0LAI
0R0U	- 0.48	0LAI
0LAI	- 0.38	GFM
0R07	- 0.31	GFM
ATYM	- 0.29	0LAI
AMS	- 0.22	GFM

Risk-Adjusted Indicators

There is a big difference between Tetragon Stock performing well and Tetragon Financial 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 Tetragon Financial'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
GFM	1.84	(0.16)	0.00	1.92	0.00	0.00	3.42	(4.30)	8.60
0R07	2.91	0.42	0.04	(0.25)	4.77	(6.01)	7.10	(4.38)	57.60
0LAI	1.06	0.34	0.28	(3.41)	0.56	(1.41)	2.98	(1.78)	13.35
ATYM	1.54	0.00	(0.01)	0.06	2.14	(1.47)	3.31	(3.75)	9.45
AMS	2.24	0.09	0.03	0.26	2.43	(2.66)	5.84	(4.22)	19.86
0R0U	2.69	(0.12)	0.00	(0.11)	0.00	0.00	7.25	(4.91)	17.70
HOC	2.08	(0.24)	0.00	0.63	0.00	0.00	4.16	(5.44)	11.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tetragon Financial 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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