TNL Mediagene Correlations

TNMG Stock

3.45 0.14 3.90%

The current 90-days correlation between TNL Mediagene Ordinary and Ziff Davis is 0.06 (i.e., Significant diversification). The correlation of TNL Mediagene 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.

TNL Mediagene Correlation With Market

Significant diversification

The correlation between TNL Mediagene Ordinary and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TNL Mediagene Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TNL Mediagene Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with TNL Stock

0.8	MOBQ	Mobiquity Technologies	Pair Corr
0.63	EA	Electronic Arts	Pair Corr
0.65	IQ	iQIYI Inc	Pair Corr
0.81	TU	Telus Corp	Pair Corr
0.62	TV	Grupo Televisa SAB	Pair Corr
0.75	VZ	Verizon Communications Earnings Call Today	Pair Corr

Moving against TNL Stock

0.85	STCN	Steel Connect	Pair Corr
0.85	STFS	Star Fashion Culture	Pair Corr
0.56	OB	Outbrain	Pair Corr
0.51	PUBGY	Publicis Groupe SA	Pair Corr
0.48	NPSNY	Naspers Ltd ADR	Pair Corr
0.42	NEXN	Nexxen International	Pair Corr
0.83	VEON	VEON	Pair Corr
0.53	WIMI	WiMi Hologram Cloud	Pair Corr
0.52	WBTN	WEBTOON Entertainment	Pair Corr
0.43	YY	YY Inc Class	Pair Corr
0.36	DOYU	DouYu International Trending	Pair Corr

Related Correlations Analysis

	ZD	INUV	LDWY	NEXN	ANTE	BAOS	STFS	SWAG	TNMG	GSMGW
ZD		0.22	0.6	0.63	0.08	-0.06	0.22	-0.21	-0.02	-0.44	ZD
INUV	0.22		0.77	0.68	-0.24	0.53	0.74	-0.85	-0.7	-0.58	INUV
LDWY	0.6	0.77		0.88	-0.29	0.36	0.68	-0.72	-0.55	-0.66	LDWY
NEXN	0.63	0.68	0.88		-0.35	0.27	0.61	-0.69	-0.42	-0.65	NEXN
ANTE	0.08	-0.24	-0.29	-0.35		-0.18	-0.17	0.26	0.18	0.36	ANTE
BAOS	-0.06	0.53	0.36	0.27	-0.18		0.49	-0.44	-0.54	-0.34	BAOS
STFS	0.22	0.74	0.68	0.61	-0.17	0.49		-0.88	-0.85	-0.6	STFS
SWAG	-0.21	-0.85	-0.72	-0.69	0.26	-0.44	-0.88		0.79	0.59	SWAG
TNMG	-0.02	-0.7	-0.55	-0.42	0.18	-0.54	-0.85	0.79		0.45	TNMG
GSMGW	-0.44	-0.58	-0.66	-0.65	0.36	-0.34	-0.6	0.59	0.45		GSMGW
	ZD	INUV	LDWY	NEXN	ANTE	BAOS	STFS	SWAG	TNMG	GSMGW

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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

NEXN	+ 0.88	LDWY
TNMG	+ 0.79	SWAG
LDWY	+ 0.77	INUV
STFS	+ 0.74	INUV
NEXN	+ 0.68	INUV
STFS	+ 0.68	LDWY

High negative correlations

SWAG	- 0.88	STFS
TNMG	- 0.85	STFS
SWAG	- 0.85	INUV
SWAG	- 0.72	LDWY
TNMG	- 0.7	INUV
SWAG	- 0.69	NEXN

Risk-Adjusted Indicators

There is a big difference between TNL Stock performing well and TNL Mediagene 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 TNL Mediagene'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
ZD	1.53	0.29	0.15	0.57	1.54	(1.69)	2.43	(2.66)	20.12
INUV	6.15	1.23	0.16	(0.63)	5.55	(9.01)	15.38	(10.94)	39.04
LDWY	3.66	0.53	0.13	0.49	3.40	(5.02)	7.66	(6.28)	30.27
NEXN	2.58	0.48	0.18	0.75	2.32	(3.23)	4.84	(4.00)	25.28
ANTE	6.51	0.70	0.09	(0.79)	6.03	(9.65)	21.15	(11.32)	39.86
BAOS	11.90	3.53	0.32	3.07	8.36	(16.04)	17.77	(15.59)	348.15
STFS	4.98	2.53	0.45	(5.63)	3.60	(5.54)	20.06	(7.36)	38.30
SWAG	2.33	(0.45)	0.00	(0.43)	0.00	0.00	5.56	(4.71)	15.84
TNMG	6.59	(1.26)	0.00	(1.90)	0.00	0.00	13.14	(17.74)	78.58
GSMGW	13.52	0.64	0.03	(0.35)	13.63	(26.87)	36.36	(25.00)	101.55

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