TechTarget, Common Correlations

TTGT Stock  USD 14.67  0.15  1.01%   
The current 90-days correlation between TechTarget, Common Stock and Comscore is 0.1 (i.e., Average diversification). The correlation of TechTarget, Common 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.

TechTarget, Common Correlation With Market

Significant diversification

The correlation between TechTarget, Common Stock and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TechTarget, Common Stock 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 TechTarget, Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with TechTarget, Stock

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  0.65PSN Parsons CorpPairCorr
  0.76UIS UnisysPairCorr
  0.73VYX NCR VoyixPairCorr
  0.69WYY Widepoint CPairCorr
  0.81LDOS Leidos HoldingsPairCorr
  0.85VEEAW Veea Inc Symbol ChangePairCorr

Moving against TechTarget, Stock

  0.67KD Kyndryl HoldingsPairCorr
  0.65VNET VNET Group DRCPairCorr
  0.55CTM Castellum Buyout TrendPairCorr
  0.5SAIHW SAIHEAT Limited Symbol ChangePairCorr
  0.45GMM Global Mofy MetaversePairCorr
  0.45IBM International Business Sell-off TrendPairCorr
  0.41AUR Aurora InnovationPairCorr
  0.32JFU 9F IncPairCorr
  0.7PENG Penguin Solutions, Symbol ChangePairCorr
  0.69NOTE FiscalNote HoldingsPairCorr
  0.68MGIC Magic Software EnterPairCorr
  0.65NYAX NayaxPairCorr
  0.62GDYN Grid Dynamics HoldingsPairCorr
  0.61IBEX IBEXPairCorr
  0.5AUROW Aurora InnovationPairCorr
  0.35BNAIW Brand Engagement Network Symbol ChangePairCorr

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   
ANGISCOR
GETYSCOR
ANGIGETY
MAXGETY
MAXSCOR
YELPOB
  
High negative correlations   
YELPSABOF
ANGIOB
OBSABOF
GETYSABOF
OBSCOR
GETYOB

Risk-Adjusted Indicators

There is a big difference between TechTarget, Stock performing well and TechTarget, Common 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 TechTarget, Common'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SABOF  2.54  0.43  0.06  1.42  2.78 
 9.09 
 32.13 
SCOR  3.43 (0.21) 0.00 (0.22) 0.00 
 5.68 
 37.47 
OB  2.96  0.04  0.01  0.03  3.21 
 7.66 
 22.88 
RTMVY  1.23  0.15  0.12  0.31  1.27 
 2.46 
 7.42 
GETY  3.29 (0.27) 0.00 (0.40) 0.00 
 7.53 
 41.68 
PERI  1.59 (0.04) 0.00 (0.45) 0.00 
 3.29 
 17.76 
YELP  1.44 (0.03) 0.00 (0.05) 0.00 
 2.23 
 11.91 
MAX  2.84 (0.39) 0.00 (1.05) 0.00 
 5.77 
 27.25 
ANGI  2.32 (0.16) 0.00 (0.14) 0.00 
 6.45 
 16.82 
MTCH  1.61  0.05  0.02  0.05  2.32 
 3.01 
 14.60