3i Group Correlations
| TGOPF Stock | USD 35.84 0.71 2.02% |
The correlation of 3i Group 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 3i Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 3i Group plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very good diversification
The correlation between 3i Group plc and NYA is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 3i Group plc and NYA in the same portfolio, assuming nothing else is changed.
TGOPF |
The ability to find closely correlated positions to 3i Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 3i Group 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 3i Group - 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 3i Group plc to buy it.
Moving together with TGOPF Pink Sheet
| 0.71 | AMP | Ameriprise Financial Financial Report 24th of July 2024 | PairCorr |
| 0.72 | BAMGF | Brookfield Asset Man | PairCorr |
| 0.82 | IMCC | Im Cannabis Corp | PairCorr |
Moving against TGOPF Pink Sheet
| 0.88 | TLK | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.73 | VFSWW | VinFast Auto | PairCorr |
| 0.69 | VFS | VinFast Auto Financial Report 20th of May 2024 | PairCorr |
Related Correlations Analysis
| 0.64 | 0.44 | 0.18 | 0.32 | 0.29 | BX | ||
| 0.64 | 0.35 | 0.09 | 0.29 | 0.42 | BLK | ||
| 0.44 | 0.35 | 0.38 | 0.86 | 0.71 | APO | ||
| 0.18 | 0.09 | 0.38 | 0.25 | 0.54 | BK | ||
| 0.32 | 0.29 | 0.86 | 0.25 | 0.52 | ARES | ||
| 0.29 | 0.42 | 0.71 | 0.54 | 0.52 | AMP | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between TGOPF Pink Sheet performing well and 3i Group 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 3i Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BX | 1.42 | (0.17) | 0.00 | (0.04) | 0.00 | 2.61 | 7.53 | |||
| BLK | 0.93 | (0.13) | 0.00 | (0.04) | 0.00 | 1.82 | 5.83 | |||
| APO | 1.14 | 0.07 | 0.05 | 0.11 | 1.29 | 2.57 | 6.84 | |||
| BK | 0.74 | (0.01) | (0.01) | 0.04 | 1.17 | 1.56 | 4.67 | |||
| ARES | 1.07 | 0.10 | 0.10 | 0.14 | 0.93 | 2.31 | 7.23 | |||
| AMP | 0.76 | 0.04 | 0.02 | 0.09 | 1.04 | 1.38 | 5.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 3i Group 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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3i Group Corporate Directors
3i Group corporate directors refer to members of a 3i Group board of directors. The board of directors generally takes responsibility for the 3i Group's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of 3i Group's board members must vote for the resolution. The 3i Group board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| David Hutchison | Non-Executive Director | Profile | |
| Martine Verluyten | Non-Executive Independent Director | Profile | |
| Simon Thompson | Non-Executive Director | Profile | |
| Jonathan Asquith | Non-Executive Independent Director | Profile |
Already Invested in 3i Group plc?
The danger of trading 3i Group plc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of 3i Group is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than 3i Group. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile 3i Group plc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 3i Group plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for TGOPF Pink Sheet analysis
When running 3i Group's price analysis, check to measure 3i Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3i Group is operating at the current time. Most of 3i Group's value examination focuses on studying past and present price action to predict the probability of 3i Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3i Group's price. Additionally, you may evaluate how the addition of 3i Group to your portfolios can decrease your overall portfolio volatility.
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