3i Group Correlations
| TGOPY Stock | USD 24.23 0.78 3.12% |
The current 90-days correlation between 3i Group PLC and Partners Group is -0.11 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.
3i Group Correlation With Market
Significant diversification
The correlation between 3i Group PLC and DJI is 0.09 (i.e., Significant 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.
TGOPY |
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 TGOPY Pink Sheet
| 0.77 | IVSBF | Investor AB ser | PairCorr |
| 0.75 | IVSXF | Investor AB | PairCorr |
| 0.73 | BK | Bank of New York | PairCorr |
| 0.64 | DNCVF | Defiance Silver Corp | PairCorr |
| 0.65 | TOI | Oncology Institute Earnings Call This Week | PairCorr |
| 0.64 | TCTZF | Tencent Holdings | PairCorr |
| 0.94 | AXSM | Axsome Therapeutics | PairCorr |
| 0.61 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.72 | FWEDF | Fireweed Zinc | PairCorr |
| 0.79 | NVRO | Nevro Corp Sell-off Trend | PairCorr |
| 0.9 | BAOB | Baraboo Bancorporation | PairCorr |
| 0.73 | CDR-PB | Cedar Realty Trust | PairCorr |
Moving against TGOPY Pink Sheet
| 0.56 | STI | Solidion Technology | PairCorr |
| 0.46 | APO | Apollo Global Management | PairCorr |
| 0.44 | BX | Blackstone Group Normal Trading | PairCorr |
| 0.41 | BLK | BlackRock Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 TGOPY 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 | 4.14 | 11.91 | |||
| CEN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARES | 1.84 | (0.15) | 0.00 | (0.17) | 0.00 | 2.70 | 11.83 | |||
| CG | 2.07 | (0.18) | 0.00 | (0.18) | 0.00 | 3.02 | 10.93 | |||
| TGOPF | 1.55 | 0.18 | 0.10 | 0.67 | 1.76 | 3.70 | 12.36 | |||
| LGGNY | 1.01 | 0.23 | 0.19 | 3.42 | 1.16 | 2.22 | 6.21 | |||
| OXLC | 0.70 | (0.17) | 0.00 | (0.47) | 0.00 | 1.03 | 7.52 | |||
| TROW | 1.17 | (0.28) | 0.00 | (0.35) | 0.00 | 1.91 | 6.99 | |||
| BSIG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FTF | 0.46 | 0.00 | 0.00 | (0.07) | 0.00 | 0.81 | 3.29 |
Be your own money manager
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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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 |