Textainer Group Correlations

Summary

TGHDelisted Stock

USD 40.91 0.28 0.69%

The current 90-days correlation between Textainer Group Holdings and Triton International Limited is -0.23 (i.e., Very good diversification). The correlation of Textainer Group 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.

Textainer Group Correlation With Market

Average diversification

The correlation between Textainer Group Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Textainer Group Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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.

Moving together with Textainer Stock

0.78	GM	General Motors	Pair Corr
0.97	XMTR	Xometry Upward Rally	Pair Corr
0.93	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.92	TGTX	TG Therapeutics	Pair Corr
0.74	EVGR	Evergreen Corp	Pair Corr
0.91	FNMFO	Federal National Mortgage	Pair Corr
0.91	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.83	AS	Amer Sports,	Pair Corr
0.61	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.84	ESGLW	ESGL Holdings Limited	Pair Corr
0.83	YELP	Yelp Inc	Pair Corr
0.9	PWOD	Penns Woods Bancorp	Pair Corr
0.83	CNOBP	ConnectOne Bancorp	Pair Corr
0.94	HUT	Hut 8 Corp	Pair Corr
0.97	RELY	Remitly Global Tech Boost	Pair Corr
0.71	OBYCF	Obayashi	Pair Corr
0.8	DMRC	Digimarc	Pair Corr
0.88	FBMS	First Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.61	784730AB9	US784730AB94	Pair Corr
0.89	GLPPRB	Global Partners LP	Pair Corr
0.81	PETS	PetMed Express	Pair Corr
0.86	HWC	Hancock Whitney Corp Fiscal Year End 21st of January 2025	Pair Corr
0.91	BSIG	Brightsphere Investment	Pair Corr
0.87	NBIX	Neurocrine Biosciences	Pair Corr

Moving against Textainer Stock

0.9	LNDNF	Lundin Energy AB	Pair Corr
0.76	MEDS	Trxade Group Symbol Change	Pair Corr
0.66	BKLRF	Berkeley Energy	Pair Corr
0.61	ARDDF	Ardiden Limited	Pair Corr
0.52	INBX	Inhibrx Symbol Change	Pair Corr
0.38	WDLF	Social Life Network	Pair Corr
0.35	AWCMY	Alumina Limited PK	Pair Corr
0.55	251566AA3	DT 3625 21	Pair Corr
0.42	BYDDY	BYD Co	Pair Corr

Related Correlations Analysis

	R	TRTN-PB	AL	HRI	ALTG	MGRC	GATX	MPU	FTAIM
R		0.5	0.91	0.72	0.89	0.84	0.93	0.81	0.79	R
TRTN-PB	0.5		0.57	0.27	0.35	0.41	0.63	0.6	0.45	TRTN-PB
AL	0.91	0.57		0.67	0.86	0.78	0.93	0.77	0.81	AL
HRI	0.72	0.27	0.67		0.78	0.9	0.77	0.81	0.85	HRI
ALTG	0.89	0.35	0.86	0.78		0.84	0.87	0.71	0.76	ALTG
MGRC	0.84	0.41	0.78	0.9	0.84		0.85	0.84	0.83	MGRC
GATX	0.93	0.63	0.93	0.77	0.87	0.85		0.86	0.83	GATX
MPU	0.81	0.6	0.77	0.81	0.71	0.84	0.86		0.82	MPU
FTAIM	0.79	0.45	0.81	0.85	0.76	0.83	0.83	0.82		FTAIM
	R	TRTN-PB	AL	HRI	ALTG	MGRC	GATX	MPU	FTAIM

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Risk-Adjusted Indicators

There is a big difference between Textainer Stock performing well and Textainer Group 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 Textainer Group'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
R	1.24	0.06	0.04	0.06	1.41	(1.37)	2.85	(2.21)	9.25
TRTN-PB	0.17	0.01	(0.04)	0.29	0.14	(0.20)	0.44	(0.32)	1.01
AL	1.21	0.11	0.07	1.44	1.17	(1.54)	2.99	(2.11)	9.04
HRI	1.87	0.27	0.15	0.15	1.71	(2.41)	3.89	(2.59)	24.68
ALTG	2.93	(0.01)	0.01	0.02	3.59	(3.19)	6.65	(5.48)	25.52
MGRC	1.24	0.19	0.11	0.24	1.35	(1.27)	2.84	(3.05)	12.00
GATX	1.16	0.14	0.12	0.13	1.04	(1.25)	2.79	(1.45)	10.99
MPU	3.95	0.65	0.16	2.35	3.42	(5.31)	10.61	(7.19)	30.49
FTAIM	0.68	0.05	0.03	0.15	0.92	(0.69)	1.97	(1.67)	4.64

Textainer Group Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Textainer Group stock to make a market-neutral strategy. Peer analysis of Textainer Group could also be used in its relative valuation, which is a method of valuing Textainer Group by comparing valuation metrics with similar companies.

Ryder System Triton International Limited Air Lease Herc Holdings Alta Equipment Group McGrath RentCorp GATX Corporation Mega Matrix Corp FTAI Aviation Ltd PROG Holdings Custom Truck One American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Still Interested in Textainer Group Holdings?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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