Thurgauer Kantonalbank Correlations
| TKBP Stock | CHF 127.00 2.00 1.55% |
The correlation of Thurgauer Kantonalbank 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 Thurgauer Kantonalbank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thurgauer Kantonalbank 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.
Modest diversification
The correlation between Thurgauer Kantonalbank and NYA is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thurgauer Kantonalbank and NYA in the same portfolio, assuming nothing else is changed.
Thurgauer |
The ability to find closely correlated positions to Thurgauer Kantonalbank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thurgauer Kantonalbank 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 Thurgauer Kantonalbank - 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 Thurgauer Kantonalbank to buy it.
Moving together with Thurgauer Stock
| 0.76 | BEKN | Berner Kantonalbank | PairCorr |
| 0.72 | LLBN | Liechtensteinische | PairCorr |
| 0.92 | WKBN | Banque Cantonale | PairCorr |
| 0.8 | VATN | Valiant Holding AG | PairCorr |
| 0.91 | BCGE | Banque Cantonale | PairCorr |
| 0.83 | BLKB | Basellandschaftliche | PairCorr |
| 0.86 | CLN | Clariant AG | PairCorr |
| 0.83 | BSLN | Basilea Pharmaceutica | PairCorr |
Moving against Thurgauer Stock
| 0.89 | RLF | Relief Therapeutics Earnings Call This Week | PairCorr |
| 0.85 | BCVN | Banque Cantonale | PairCorr |
| 0.84 | SGKN | St Galler Kantonalbank Earnings Call Tomorrow | PairCorr |
| 0.83 | AEVS | Aevis Victoria SA | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thurgauer Stock performing well and Thurgauer Kantonalbank 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 Thurgauer Kantonalbank'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Thurgauer Kantonalbank 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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Thurgauer Kantonalbank Corporate Management
Elected by the shareholders, the Thurgauer Kantonalbank's board of directors comprises two types of representatives: Thurgauer Kantonalbank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thurgauer. The board's role is to monitor Thurgauer Kantonalbank's management team and ensure that shareholders' interests are well served. Thurgauer Kantonalbank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Thurgauer Kantonalbank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hanspeter Hutter | Head Board | Profile | |
| Marcel Stauch | Head Board | Profile | |
| Thomas Koller | Chairman Management | Profile | |
| Remo Lobsiger | Head CEO | Profile | |
| Tobias Hilpert | Head Board | Profile | |
| Daniel Kummer | Head Board | Profile |
Already Invested in Thurgauer Kantonalbank?
The danger of trading Thurgauer Kantonalbank 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 Thurgauer Kantonalbank 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 Thurgauer Kantonalbank. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Thurgauer Kantonalbank 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 Thurgauer Kantonalbank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Thurgauer Stock analysis
When running Thurgauer Kantonalbank's price analysis, check to measure Thurgauer Kantonalbank'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 Thurgauer Kantonalbank is operating at the current time. Most of Thurgauer Kantonalbank's value examination focuses on studying past and present price action to predict the probability of Thurgauer Kantonalbank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thurgauer Kantonalbank's price. Additionally, you may evaluate how the addition of Thurgauer Kantonalbank to your portfolios can decrease your overall portfolio volatility.
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