TOMI Environmental Correlations
TOMZ Stock | USD 0.83 0.05 5.40% |
The correlation of TOMI Environmental 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.
TOMI Environmental Correlation With Market
Significant diversification
The correlation between TOMI Environmental Solutions 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 TOMI Environmental Solutions and DJI in the same portfolio, assuming nothing else is changed.
TOMI |
Moving together with TOMI Stock
0.62 | GEO | Geo Group | PairCorr |
0.65 | FVRR | Fiverr International | PairCorr |
0.63 | KBR | KBR Inc | PairCorr |
0.69 | RGP | Resources Connection Earnings Call This Week | PairCorr |
Moving against TOMI Stock
0.56 | VSEC | VSE Corporation | PairCorr |
0.49 | ACU | Acme United | PairCorr |
0.49 | GFL | Gfl Environmental | PairCorr |
0.39 | WM | Waste Management | PairCorr |
0.36 | HQI | Hirequest | PairCorr |
0.35 | GDS | GDS Holdings | PairCorr |
0.34 | KC | Kingsoft Cloud Holdings | PairCorr |
0.54 | HURN | Huron Consulting | PairCorr |
0.44 | WNS | WNS Holdings | PairCorr |
0.33 | PAGS | PagSeguro Digital | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between TOMI Stock performing well and TOMI Environmental 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 TOMI Environmental'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DECN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
KNOS | 5.56 | (0.30) | 0.00 | 1.03 | 0.00 | 11.94 | 36.30 | |||
THMO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
GOVX | 3.23 | (0.68) | 0.00 | (46.80) | 0.00 | 6.64 | 21.24 | |||
CREX | 3.45 | (0.44) | 0.00 | (0.51) | 0.00 | 8.26 | 19.91 |
TOMI Environmental Corporate Management
Nick Jennings | Interim Officer | Profile | |
Joe Lyons | Sales Director | Profile | |
Joseph Rzepka | Chief Officer | Profile | |
John Hillman | Director Relations | Profile |