Truong Thanh Correlations
| TTF Stock | 3,100 10.00 0.32% |
The current 90-days correlation between Truong Thanh Furniture and FIT INVEST JSC is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Truong Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Truong Thanh Furniture moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Truong Thanh Correlation With Market
Weak diversification
The correlation between Truong Thanh Furniture and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Truong Thanh Furniture and DJI in the same portfolio, assuming nothing else is changed.
Truong |
The ability to find closely correlated positions to Truong Thanh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Truong Thanh 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 Truong Thanh - 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 Truong Thanh Furniture to buy it.
Moving together with Truong Stock
| 0.72 | AAA | An Phat Plastic | PairCorr |
| 0.8 | AME | Alphanam ME | PairCorr |
| 0.7 | AAM | Mekong Fisheries JSC | PairCorr |
| 0.81 | ABT | Bentre Aquaproduct Import | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Truong Stock performing well and Truong Thanh 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 Truong Thanh'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FIT | 0.85 | (0.01) | 0.00 | (0.37) | 0.00 | 1.62 | 9.89 | |||
| ADS | 0.96 | (0.11) | 0.00 | 0.97 | 0.00 | 2.48 | 8.75 | |||
| AAA | 0.91 | (0.19) | 0.00 | (0.29) | 0.00 | 1.82 | 6.34 | |||
| AME | 2.45 | (0.60) | 0.00 | (1.01) | 0.00 | 5.36 | 18.62 | |||
| APG | 1.08 | (0.14) | 0.00 | 6.12 | 0.00 | 3.27 | 10.06 | |||
| ABS | 1.24 | 0.24 | 0.08 | (0.89) | 1.22 | 4.70 | 7.86 | |||
| AAM | 1.91 | (0.18) | 0.00 | (0.08) | 0.00 | 4.55 | 11.74 | |||
| ABT | 0.79 | (0.13) | 0.00 | (0.27) | 0.00 | 1.91 | 8.20 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Truong Thanh 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.Did you try this?
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