Top Wealth Correlations
| TWG Stock | 0.17 0.01 6.25% |
The current 90-days correlation between Top Wealth Group and Lendlease Global Commercial is -0.12 (i.e., Good diversification). The correlation of Top Wealth 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.
Top Wealth Correlation With Market
Significant diversification
The correlation between Top Wealth Group and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Top Wealth Group and DJI in the same portfolio, assuming nothing else is changed.
Top |
Moving together with Top Stock
| 0.69 | LW | Lamb Weston Holdings | PairCorr |
| 0.63 | DLTR | Dollar Tree | PairCorr |
| 0.71 | DNUT | Krispy Kreme | PairCorr |
| 0.61 | VITL | Vital Farms Sell-off Trend | PairCorr |
| 0.78 | EDBL | Edible Garden AG | PairCorr |
| 0.67 | EEIQ | Elite Education Group | PairCorr |
Moving against Top Stock
| 0.74 | BJ | BJs Wholesale Club | PairCorr |
| 0.72 | FMX | Fomento Economico | PairCorr |
| 0.72 | MO | Altria Group | PairCorr |
| 0.7 | PM | Philip Morris Intern | PairCorr |
| 0.69 | BUD | Anheuser Busch Inbev Sell-off Trend | PairCorr |
| 0.66 | KO | Coca Cola | PairCorr |
| 0.63 | K | Kellanova Sell-off Trend | PairCorr |
| 0.63 | YQ | 17 Education Technology | PairCorr |
| 0.61 | KR | Kroger Company | PairCorr |
| 0.59 | YI | 111 Inc | PairCorr |
| 0.57 | PG | Procter Gamble | PairCorr |
| 0.57 | UL | Unilever PLC ADR | PairCorr |
| 0.46 | GV | Visionary Education | PairCorr |
| 0.4 | DG | Dollar General | PairCorr |
| 0.72 | VSTA | Vasta Platform Potential Growth | PairCorr |
| 0.69 | BTI | British American Tobacco | PairCorr |
| 0.67 | ACI | Albertsons Companies | PairCorr |
| 0.64 | WYHG | Wing Yip Food | PairCorr |
| 0.59 | WVVI | Willamette Valley Earnings Call This Week | PairCorr |
| 0.54 | DOLE | Dole PLC | PairCorr |
| 0.47 | FARM | Farmer Bros | PairCorr |
| 0.39 | BRLSW | Borealis Foods | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Top Stock performing well and Top Wealth 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 Top Wealth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LLGCF | 0.08 | 0.02 | 0.00 | (0.53) | 0.00 | 0.00 | 2.27 | |||
| WLFC | 2.46 | (0.08) | 0.00 | (0.13) | 0.00 | 4.65 | 22.67 | |||
| MIUFY | 1.92 | 0.30 | 0.08 | 6.71 | 2.24 | 7.20 | 20.27 | |||
| CFRLF | 0.58 | 0.27 | 0.00 | (1.27) | 0.00 | 0.00 | 0.00 | |||
| GNL-PD | 0.77 | 0.05 | 0.09 | 0.09 | 1.03 | 1.97 | 7.34 | |||
| TRTN-PC | 0.38 | (0.02) | 0.00 | (0.85) | 0.00 | 0.96 | 3.79 | |||
| GFF | 1.49 | (0.03) | 0.00 | (0.09) | 0.00 | 2.55 | 12.51 |