3i Group Correlations

TGOPF Stock

USD 49.89 0.04 0.08%

The current 90-days correlation between 3i Group plc and Partners Group is 0.12 (i.e., Average diversification). The correlation of 3i 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.

3i Group Correlation With Market

Average diversification

The correlation between 3i Group plc 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 3i Group plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 3i Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3i Group 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 3i Group - 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 3i Group plc to buy it.

Moving together with TGOPF Pink Sheet

0.76	IVSBF	Investor AB ser	Pair Corr
0.72	IVSXF	Investor AB	Pair Corr
0.72	BK	Bank of New York	Pair Corr
0.63	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.61	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.89	AXSM	Axsome Therapeutics	Pair Corr
0.63	FWEDF	Fireweed Zinc	Pair Corr
0.76	NVRO	Nevro Corp	Pair Corr
0.87	BAOB	Baraboo Bancorporation	Pair Corr
0.71	CDR-PB	Cedar Realty Trust	Pair Corr

Moving against TGOPF Pink Sheet

0.51	STI	Solidion Technology	Pair Corr
0.31	APO	Apollo Global Management	Pair Corr

Related Correlations Analysis

	PGPHF	FOCS	BUR	PNNT	TGOPY	LGGNY	OXLC	TROW	AHFCF	BLRZF
PGPHF		0.0	0.74	0.34	0.74	0.45	0.4	-0.18	-0.54	0.0	PGPHF
FOCS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FOCS
BUR	0.74	0.0		0.34	0.84	0.46	0.43	-0.13	-0.55	0.0	BUR
PNNT	0.34	0.0	0.34		0.39	0.18	0.15	-0.62	-0.75	0.0	PNNT
TGOPY	0.74	0.0	0.84	0.39		0.79	0.26	-0.38	-0.74	0.0	TGOPY
LGGNY	0.45	0.0	0.46	0.18	0.79		-0.09	-0.52	-0.57	0.0	LGGNY
OXLC	0.4	0.0	0.43	0.15	0.26	-0.09		0.37	-0.1	0.0	OXLC
TROW	-0.18	0.0	-0.13	-0.62	-0.38	-0.52	0.37		0.72	0.0	TROW
AHFCF	-0.54	0.0	-0.55	-0.75	-0.74	-0.57	-0.1	0.72		0.0	AHFCF
BLRZF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BLRZF
	PGPHF	FOCS	BUR	PNNT	TGOPY	LGGNY	OXLC	TROW	AHFCF	BLRZF

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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

TGOPY	+ 0.84	BUR
LGGNY	+ 0.79	TGOPY
BUR	+ 0.74	PGPHF
TGOPY	+ 0.74	PGPHF
AHFCF	+ 0.72	TROW
LGGNY	+ 0.46	BUR

High negative correlations

AHFCF	- 0.75	PNNT
AHFCF	- 0.74	TGOPY
TROW	- 0.62	PNNT
AHFCF	- 0.57	LGGNY
AHFCF	- 0.55	BUR
AHFCF	- 0.54	PGPHF

Risk-Adjusted Indicators

There is a big difference between TGOPF Pink Sheet performing well and 3i 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 3i 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
PGPHF	1.82	0.25	0.11	0.29	2.15	(2.03)	4.14	(4.18)	11.91
FOCS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BUR	1.48	0.13	0.09	(0.47)	2.28	(1.47)	3.27	(2.38)	14.81
PNNT	0.81	0.14	0.12	0.27	1.32	(0.86)	1.86	(1.44)	7.49
TGOPY	1.18	0.17	0.14	1.08	1.50	(1.31)	2.54	(2.47)	8.39
LGGNY	1.01	0.23	0.19	3.42	1.16	(1.10)	2.22	(2.15)	6.21
OXLC	0.70	(0.17)	0.00	(0.47)	0.00	0.00	1.03	(1.47)	7.52
TROW	1.17	(0.28)	0.00	(0.35)	0.00	0.00	1.91	(3.64)	6.99
AHFCF	0.40	(0.20)	0.00	(1.18)	0.00	0.00	0.00	0.00	13.33
BLRZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in 3i Group 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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3i Group Corporate Management

Kathryn Kroft	Director Communications	Profile
Kevin Dunn	General Counsel, Company Secretary, Head - Human Resources	Profile
Tony Lissaman	Chief Equity	Profile
Jasi Halai	COO Controller	Profile
Julien Marie	Chief Officer	Profile

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