TMC The Correlations
| TMC Stock | USD 1.50 0.01 0.67% |
The correlation of TMC The 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 TMC The moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TMC the metals 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 TMC the metals and NYA is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TMC the metals and NYA in the same portfolio, assuming nothing else is changed.
TMC |
The ability to find closely correlated positions to TMC The could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TMC The 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 TMC The - 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 TMC the metals to buy it.
Moving together with TMC Stock
| 0.82 | EMX | EMX Royalty Corp Financial Report 20th of May 2024 | PairCorr |
| 0.78 | FURY | Fury Gold Mines Financial Report 9th of May 2024 | PairCorr |
| 0.65 | LAC | Lithium Americas Corp Financial Report 20th of May 2024 | PairCorr |
| 0.76 | LZM | Lifezone Metals | PairCorr |
| 0.83 | NAK | Northern Dynasty Minerals Financial Report 10th of May 2024 | PairCorr |
| 0.63 | SKE | Skeena Resources Financial Report 9th of May 2024 | PairCorr |
Moving against TMC Stock
| 0.73 | GRFX | Graphex Group Limited Report 8th of May 2024 | PairCorr |
| 0.72 | VALE | Vale SA ADR | PairCorr |
| 0.69 | LGO | Largo Resources Financial Report 8th of May 2024 | PairCorr |
| 0.63 | CMP | Compass Minerals Int Earnings Call This Week | PairCorr |
| 0.62 | WWR | Westwater Resources | PairCorr |
| 0.58 | SLI | Standard Lithium Earnings Call This Week | PairCorr |
| 0.53 | JAPSY | Japan Airlines | PairCorr |
| 0.46 | ELBM | Electra Battery Materials Earnings Call This Week | 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 TMC Stock performing well and TMC The 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 TMC The'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGML | 4.21 | (0.41) | 0.00 | (0.07) | 0.00 | 8.87 | 22.99 | |||
| SLI | 3.34 | (0.13) | (0.01) | 0.01 | 3.90 | 6.90 | 22.57 | |||
| MP | 2.68 | (0.14) | (0.02) | 0.01 | 3.22 | 6.37 | 16.02 | |||
| PLL | 4.52 | (0.32) | 0.00 | (0.01) | 0.00 | 10.46 | 25.93 | |||
| TECK | 1.75 | 0.24 | 0.15 | 0.25 | 1.54 | 4.23 | 12.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in TMC The 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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TMC The Corporate Management
Elected by the shareholders, the TMC The's board of directors comprises two types of representatives: TMC The inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TMC. The board's role is to monitor TMC The's management team and ensure that shareholders' interests are well served. TMC The'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, TMC The's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gerard Barron | CEO Chairman | Profile | |
| Erika Ilves | Chief Officer | Profile | |
| Craig Shesky | Chief Officer | Profile | |
| Robert Heydon | Head Territories | Profile | |
| Arthur CA | Chief Officer | Profile | |
| Erica Ocampo | Chief Officer | Profile | |
| Dan Porras | Head Brand | Profile |
Already Invested in TMC the metals?
The danger of trading TMC the metals 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 TMC The 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 TMC The. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TMC the metals 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.
When determining whether TMC the metals is a strong investment it is important to analyze TMC The's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact TMC The's future performance. For an informed investment choice regarding TMC Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TMC the metals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running TMC The's price analysis, check to measure TMC The'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 TMC The is operating at the current time. Most of TMC The's value examination focuses on studying past and present price action to predict the probability of TMC The's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TMC The's price. Additionally, you may evaluate how the addition of TMC The to your portfolios can decrease your overall portfolio volatility.
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Is TMC The's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TMC The. If investors know TMC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TMC The listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.26) | Return On Assets (0.55) | Return On Equity (2.81) |
The market value of TMC the metals is measured differently than its book value, which is the value of TMC that is recorded on the company's balance sheet. Investors also form their own opinion of TMC The's value that differs from its market value or its book value, called intrinsic value, which is TMC The's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TMC The's market value can be influenced by many factors that don't directly affect TMC The's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TMC The's value and its price as these two are different measures arrived at by different means. Investors typically determine if TMC The is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TMC The's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.