Tier1 Technology Correlations
| TR1 Stock | EUR 3.00 0.00 0.00% |
The current 90-days correlation between Tier1 Technology and Ebro Foods is -0.16 (i.e., Good diversification). The correlation of Tier1 Technology 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.
Tier1 Technology Correlation With Market
Significant diversification
The correlation between Tier1 Technology SA 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 Tier1 Technology SA and DJI in the same portfolio, assuming nothing else is changed.
Tier1 |
The ability to find closely correlated positions to Tier1 Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tier1 Technology 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 Tier1 Technology - 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 Tier1 Technology SA to buy it.
Moving together with Tier1 Stock
Moving against Tier1 Stock
Related Correlations Analysis
| 0.22 | 0.66 | 0.0 | 0.89 | 0.42 | 0.88 | EBRO | ||
| 0.22 | -0.13 | 0.0 | 0.14 | -0.33 | 0.22 | CLNX | ||
| 0.66 | -0.13 | 0.0 | 0.66 | 0.74 | 0.58 | IAG | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TQT | ||
| 0.89 | 0.14 | 0.66 | 0.0 | 0.41 | 0.89 | BAIN | ||
| 0.42 | -0.33 | 0.74 | 0.0 | 0.41 | 0.37 | ATRY | ||
| 0.88 | 0.22 | 0.58 | 0.0 | 0.89 | 0.37 | VYT | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Tier1 Stock performing well and Tier1 Technology 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 Tier1 Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBRO | 0.42 | 0.03 | 0.10 | (0.62) | 0.44 | 1.01 | 2.88 | |||
| CLNX | 1.27 | 0.07 | 0.06 | 0.12 | 1.26 | 2.75 | 9.37 | |||
| IAG | 1.25 | 0.53 | 0.32 | 2.68 | 1.15 | 3.08 | 7.53 | |||
| TQT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BAIN | 0.69 | 0.24 | 0.16 | (0.72) | 0.00 | 0.68 | 17.58 | |||
| ATRY | 1.16 | 0.13 | 0.08 | 1.25 | 1.37 | 2.91 | 10.97 | |||
| VYT | 0.98 | 0.32 | 0.17 | (1.94) | 0.61 | 3.85 | 10.72 |
Tier1 Technology Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tier1 Technology stock to make a market-neutral strategy. Peer analysis of Tier1 Technology could also be used in its relative valuation, which is a method of valuing Tier1 Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tier1 Technology Corporate Management
Elected by the shareholders, the Tier1 Technology's board of directors comprises two types of representatives: Tier1 Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tier1. The board's role is to monitor Tier1 Technology's management team and ensure that shareholders' interests are well served. Tier1 Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tier1 Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alfonso Arigita | Independent Director | Profile | |
| Carlos Mariano | NonAdvisory Sec | Profile | |
| MarIa Parias | Finance Director | Profile | |
| Juan Mateos | Director | Profile | |
| Antonio Alvarez | Director of I+D+i Projects | Profile | |
| Carmen Sanchez | Independent Director | Profile |