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.
TechTarget, |
Moving together with TechTarget, Stock
0.67 | DXC | DXC Technology | PairCorr |
0.69 | FIS | Fidelity National | PairCorr |
0.95 | GLE | Global Engine Group Tech Boost | PairCorr |
0.65 | PSN | Parsons Corp | PairCorr |
0.76 | UIS | Unisys | PairCorr |
0.73 | VYX | NCR Voyix | PairCorr |
0.69 | WYY | Widepoint C | PairCorr |
0.81 | LDOS | Leidos Holdings | PairCorr |
0.85 | VEEAW | Veea Inc Symbol Change | PairCorr |
Moving against TechTarget, Stock
0.67 | KD | Kyndryl Holdings | PairCorr |
0.65 | VNET | VNET Group DRC | PairCorr |
0.55 | CTM | Castellum Buyout Trend | PairCorr |
0.5 | SAIHW | SAIHEAT Limited Symbol Change | PairCorr |
0.45 | GMM | Global Mofy Metaverse | PairCorr |
0.45 | IBM | International Business Sell-off Trend | PairCorr |
0.41 | AUR | Aurora Innovation | PairCorr |
0.32 | JFU | 9F Inc | PairCorr |
0.7 | PENG | Penguin Solutions, Symbol Change | PairCorr |
0.69 | NOTE | FiscalNote Holdings | PairCorr |
0.68 | MGIC | Magic Software Enter | PairCorr |
0.65 | NYAX | Nayax | PairCorr |
0.62 | GDYN | Grid Dynamics Holdings | PairCorr |
0.61 | IBEX | IBEX | PairCorr |
0.5 | AUROW | Aurora Innovation | PairCorr |
0.35 | BNAIW | Brand Engagement Network Symbol Change | PairCorr |
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
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 |