Tungray Technologies Correlations

Stocks . USA . 
Stock . Tungray Technologies Class
TRSG Stock   1.93  0.03  1.53%   
The correlation of Tungray Technologies 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.

Tungray Technologies Correlation With Market

Significant diversification

The correlation between Tungray Technologies Class 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 Tungray Technologies Class 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 Tungray Technologies Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Tungray Stock

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  0.61PLXS Plexus CorpPairCorr
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Moving against Tungray Stock

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  0.75NOK Nokia Corp ADRPairCorr
  0.72CLS CelesticaPairCorr
  0.64FKWL Franklin Wireless CorpPairCorr
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  0.58CDW CDW CorpPairCorr
  0.72ADTN ADTRAN IncPairCorr
  0.67AUDC AudioCodesPairCorr
  0.64AVNW Aviat NetworksPairCorr
  0.64TSAT Telesat CorpPairCorr
  0.62CIEN Ciena Corp Earnings Call This WeekPairCorr
  0.6NTGR NETGEARPairCorr
  0.53SANM SanminaPairCorr
  0.5CLFD ClearfieldPairCorr
  0.39KVHI KVH IndustriesPairCorr
  0.33OSIS OSI SystemsPairCorr
  0.71VRRM Verra Mobility Corp Earnings Call TodayPairCorr
  0.64ENFN EnfusionPairCorr
  0.6KD Kyndryl Holdings Sell-off TrendPairCorr
  0.57CSCO Cisco SystemsPairCorr

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   
ISRG
+ 0.74
PINS
NCMI
+ 0.7
IAS
ISRG
+ 0.67
MMSI
PINS
+ 0.59
MMSI
NCMI
+ 0.52
MMSI
IAS
+ 0.44
MMSI
  
High negative correlations   
IAS
- 0.31
SKX
ISRG
- 0.17
IAS
PINS
- 0.1
SKX
NCMI
- 0.07
SKX

Risk-Adjusted Indicators

There is a big difference between Tungray Stock performing well and Tungray Technologies 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 Tungray Technologies' 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.

Tungray Technologies Corporate Management

Yuan GongChief OfficerProfile
Wee LeeChief OfficerProfile
Lei YaoChief OfficerProfile
Hangyu QianChief OfficerProfile
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