Torrent Capital Correlations

TRRPF Stock

USD 0.44 0.00 0.00%

The correlation of Torrent Capital 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.

Torrent Capital Correlation With Market

Significant diversification

The correlation between Torrent Capital and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Torrent Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Torrent Pink Sheet

0.64	BAM	Brookfield Asset Man Normal Trading	Pair Corr
0.61	AMP	Ameriprise Financial Sell-off Trend	Pair Corr
0.73	ARES	Ares Management LP	Pair Corr

Moving against Torrent Pink Sheet

0.62	CDUAF	Canadian Utilities	Pair Corr
0.42	AAGH	America Great Health	Pair Corr
0.36	NNAX	New Momentum	Pair Corr

Related Correlations Analysis

	JGH	FAM	HYB	NSL	BBUC	ASXSF	KTF	MVT	MFV	ETJ
JGH		0.0	0.05	0.0	0.6	0.43	0.74	0.92	0.0	-0.06	JGH
FAM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FAM
HYB	0.05	0.0		0.0	0.46	0.22	0.1	0.05	0.0	-0.44	HYB
NSL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	NSL
BBUC	0.6	0.0	0.46	0.0		0.71	0.7	0.65	0.0	-0.47	BBUC
ASXSF	0.43	0.0	0.22	0.0	0.71		0.42	0.38	0.0	-0.24	ASXSF
KTF	0.74	0.0	0.1	0.0	0.7	0.42		0.86	0.0	-0.06	KTF
MVT	0.92	0.0	0.05	0.0	0.65	0.38	0.86		0.0	-0.12	MVT
MFV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MFV
ETJ	-0.06	0.0	-0.44	0.0	-0.47	-0.24	-0.06	-0.12	0.0		ETJ
	JGH	FAM	HYB	NSL	BBUC	ASXSF	KTF	MVT	MFV	ETJ

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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

MVT	+ 0.92	JGH
MVT	+ 0.86	KTF
KTF	+ 0.74	JGH
ASXSF	+ 0.71	BBUC
KTF	+ 0.7	BBUC
MVT	+ 0.65	BBUC

High negative correlations

ETJ	- 0.47	BBUC
ETJ	- 0.44	HYB
ETJ	- 0.24	ASXSF
ETJ	- 0.12	MVT
ETJ	- 0.06	KTF
ETJ	- 0.06	JGH

Risk-Adjusted Indicators

There is a big difference between Torrent Pink Sheet performing well and Torrent Capital 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 Torrent Capital'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
JGH	0.40	0.02	0.12	(0.01)	0.57	(0.36)	0.68	(0.88)	2.33
FAM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HYB	0.27	0.01	0.18	(0.32)	0.33	(0.32)	0.62	(0.61)	1.96
NSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BBUC	1.67	0.12	0.05	0.04	2.01	(1.67)	3.04	(3.64)	9.29
ASXSF	2.03	0.21	0.03	0.16	3.04	(7.59)	9.52	(4.76)	28.04
KTF	0.38	(0.06)	0.00	(0.75)	0.00	0.00	0.75	(1.03)	2.76
MVT	0.49	(0.01)	0.00	(0.13)	0.00	0.00	0.93	(1.22)	3.47
MFV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETJ	0.62	(0.05)	0.00	(0.17)	0.00	0.00	1.22	(1.25)	4.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Torrent Capital 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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