Team Internet Correlations

TIG Stock

68.20 0.60 0.89%

The current 90-days correlation between Team Internet Group and Albion Technology General is 0.03 (i.e., Significant diversification). The correlation of Team Internet 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.

Team Internet Correlation With Market

Modest diversification

The correlation between Team Internet Group and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Team Internet Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Team Stock

0.76	FLTR	Flutter Entertainment PLC	Pair Corr
0.65	CAM	Camellia Plc	Pair Corr

Moving against Team Stock

0.83	0LQQ	Vodafone Group PLC	Pair Corr
0.78	0VQD	Chubb	Pair Corr
0.72	AYM	Anglesey Mining	Pair Corr
0.71	0R03	Travelers Cos	Pair Corr
0.7	NTEA	Northern Electric plc	Pair Corr
0.68	FGEN	Foresight Environmental	Pair Corr
0.66	0K9V	HAL Trust Earnings Call This Week	Pair Corr
0.65	0KII	SSAB AB ser	Pair Corr
0.63	AV	Aviva PLC	Pair Corr
0.59	BBGI	BBGI SICAV SA Earnings Call Tomorrow	Pair Corr
0.58	SLP	Sylvania Platinum	Pair Corr
0.57	0R20	Santacruz Silver Mining	Pair Corr
0.52	PANR	Pantheon Resources	Pair Corr
0.47	ADVT	AdvancedAdvT	Pair Corr
0.47	MVI	Marwyn Value Investors	Pair Corr
0.44	AZN	AstraZeneca PLC	Pair Corr

Related Correlations Analysis

	AATG	0DNW	MONY	0K19	0K34	0K50	IBT	0QZ5
AATG		-0.12	0.47	-0.25	0.43	-0.21	-0.38	-0.16	AATG
0DNW	-0.12		0.0	0.0	-0.51	-0.56	0.67	0.75	0DNW
MONY	0.47	0.0		0.09	0.69	-0.47	-0.49	0.26	MONY
0K19	-0.25	0.0	0.09		0.16	0.09	0.11	0.05	0K19
0K34	0.43	-0.51	0.69	0.16		-0.12	-0.86	-0.26	0K34
0K50	-0.21	-0.56	-0.47	0.09	-0.12		-0.02	-0.63	0K50
IBT	-0.38	0.67	-0.49	0.11	-0.86	-0.02		0.37	IBT
0QZ5	-0.16	0.75	0.26	0.05	-0.26	-0.63	0.37		0QZ5
	AATG	0DNW	MONY	0K19	0K34	0K50	IBT	0QZ5

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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

0QZ5	+ 0.75	0DNW
0K34	+ 0.69	MONY
IBT	+ 0.67	0DNW
MONY	+ 0.47	AATG
0K34	+ 0.43	AATG
0QZ5	+ 0.37	IBT

High negative correlations

IBT	- 0.86	0K34
0QZ5	- 0.63	0K50
0K50	- 0.56	0DNW
0K34	- 0.51	0DNW
IBT	- 0.49	MONY
0K50	- 0.47	MONY

Risk-Adjusted Indicators

There is a big difference between Team Stock performing well and Team Internet 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 Team Internet'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
AATG	0.20	0.01	0.00	(0.17)	0.00	0.00	0.00	0.00	4.36
0DNW	1.02	0.09	0.08	0.14	1.19	(1.17)	2.04	(1.85)	6.89
MONY	1.10	0.04	0.05	0.14	1.30	(1.14)	2.12	(2.14)	7.39
0K19	1.92	0.00	0.00	(0.04)	0.00	0.00	4.12	(5.12)	20.58
0K34	1.01	0.18	0.16	(9.59)	1.02	(1.10)	3.07	(2.17)	5.87
0K50	1.22	(0.26)	0.00	0.60	0.00	0.00	2.41	(2.84)	7.32
IBT	0.84	(0.06)	0.00	(0.16)	0.00	0.00	1.53	(2.66)	6.31
0QZ5	0.99	(0.03)	0.00	(0.22)	0.00	0.00	2.08	(2.62)	6.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Team Internet 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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