Tinley Beverage Correlations

TNYBF Stock

USD 0.01 0 13.33%

The correlation of Tinley Beverage 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.

Tinley Beverage Correlation With Market

Average diversification

The correlation between The Tinley Beverage and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Tinley Beverage and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Tinley OTC Stock

0.53	GLU	Gabelli Global Utility	Pair Corr
0.43	TBVPY	Thai Beverage PCL	Pair Corr
0.34	CWCO	Consolidated Water Earnings Call Tomorrow	Pair Corr
0.33	GTN	Gray Television	Pair Corr
0.54	JNJ	Johnson Johnson	Pair Corr
0.52	MCD	McDonalds	Pair Corr
0.52	T	ATT Inc Earnings Call Today	Pair Corr
0.52	VZ	Verizon Communications	Pair Corr
0.51	WM	Waste Management	Pair Corr
0.5	KO	Coca Cola	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.34	GE	GE Aerospace	Pair Corr
0.34	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ASCC	ICNB	BCCLF	NWINF	WVVIP	ADWPF	VINE	MJWNY	PDRDF	CWGL
ASCC		0.0	-0.49	0.8	-0.58	0.75	-0.59	0.48	-0.31	-0.6	ASCC
ICNB	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ICNB
BCCLF	-0.49	0.0		-0.27	0.3	-0.58	-0.09	0.23	0.4	0.83	BCCLF
NWINF	0.8	0.0	-0.27		-0.54	0.73	-0.61	0.62	-0.27	-0.43	NWINF
WVVIP	-0.58	0.0	0.3	-0.54		-0.46	0.46	-0.23	0.17	0.39	WVVIP
ADWPF	0.75	0.0	-0.58	0.73	-0.46		-0.47	0.45	-0.59	-0.72	ADWPF
VINE	-0.59	0.0	-0.09	-0.61	0.46	-0.47		-0.65	0.46	0.25	VINE
MJWNY	0.48	0.0	0.23	0.62	-0.23	0.45	-0.65		-0.16	-0.04	MJWNY
PDRDF	-0.31	0.0	0.4	-0.27	0.17	-0.59	0.46	-0.16		0.59	PDRDF
CWGL	-0.6	0.0	0.83	-0.43	0.39	-0.72	0.25	-0.04	0.59		CWGL
	ASCC	ICNB	BCCLF	NWINF	WVVIP	ADWPF	VINE	MJWNY	PDRDF	CWGL

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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

CWGL	+ 0.83	BCCLF
NWINF	+ 0.8	ASCC
ADWPF	+ 0.75	ASCC
ADWPF	+ 0.73	NWINF
MJWNY	+ 0.62	NWINF
CWGL	+ 0.59	PDRDF

High negative correlations

CWGL	- 0.72	ADWPF
MJWNY	- 0.65	VINE
VINE	- 0.61	NWINF
CWGL	- 0.6	ASCC
PDRDF	- 0.59	ADWPF
VINE	- 0.59	ASCC

Risk-Adjusted Indicators

There is a big difference between Tinley OTC Stock performing well and Tinley Beverage OTC Stock 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 Tinley Beverage'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
ASCC	22.84	8.57	0.23	5.05	13.55	(90.88)	151.43	(40.34)	219.90
ICNB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BCCLF	3.35	(0.46)	0.00	(3.46)	0.00	0.00	9.76	(7.63)	24.69
NWINF	5.29	0.28	0.03	1.01	6.10	(9.00)	14.55	(12.66)	34.88
WVVIP	1.57	(0.08)	0.00	1.11	0.00	0.00	3.82	(3.83)	10.52
ADWPF	0.98	0.22	0.13	(1.45)	0.80	(3.48)	5.17	(2.08)	9.52
VINE	5.64	0.08	0.01	0.04	6.37	(6.69)	12.33	(11.11)	33.51
MJWNY	1.20	(0.03)	0.00	0.11	0.00	0.00	0.00	0.00	52.32
PDRDF	2.22	(0.18)	0.00	(2.56)	0.00	0.00	4.49	(5.17)	15.42
CWGL	0.91	(0.14)	0.00	2.18	0.00	0.00	1.79	(2.12)	5.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tinley Beverage 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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