TP ICAP Correlations

TCAPF Stock

USD 3.50 0.00 0.00%

The correlation of TP ICAP 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.

TP ICAP Correlation With Market

Pay attention - limited upside

The correlation between TP ICAP Group and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TP ICAP Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TP ICAP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TP ICAP 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 TP ICAP - 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 TP ICAP Group to buy it.

Moving against TCAPF Pink Sheet

0.78	SCHW	Charles Schwab Corp	Pair Corr
0.77	MS-PK	Morgan Stanley	Pair Corr
0.74	GS	Goldman Sachs Group	Pair Corr
0.65	MS	Morgan Stanley	Pair Corr
0.63	SMFG	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.62	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.58	IBKR	Interactive Brokers	Pair Corr
0.58	MFG	Mizuho Financial	Pair Corr
0.56	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.55	GS-PD	Goldman Sachs	Pair Corr
0.55	MBFJF	Mitsubishi UFJ Financial Downward Rally	Pair Corr
0.55	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.39	KB	KB Financial Group	Pair Corr
0.36	GS-PA	Goldman Sachs	Pair Corr
0.81	GAYMF	Galway Metals	Pair Corr
0.71	TATT	Tat Techno	Pair Corr
0.69	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.64	UMAC	Unusual Machines	Pair Corr
0.6	EMMA	Emmaus Life Sciences	Pair Corr
0.56	MTNOF	MTN Group Limited	Pair Corr
0.48	LRDC	Laredo Oil	Pair Corr
0.48	CAMZF	Camino Minerals	Pair Corr
0.45	NNBR	NN Inc	Pair Corr
0.44	JOE	St Joe Company	Pair Corr
0.42	TLOFF	Talon Metals Corp	Pair Corr
0.4	NTZ	Natuzzi SpA	Pair Corr
0.38	LAND	Gladstone Land	Pair Corr
0.34	SHG	Shinhan Financial	Pair Corr
0.92	ZDZT	Zhengduozhe Technology	Pair Corr
0.71	TORO	Toro	Pair Corr
0.61	BNEFF	Bonterra Energy Corp	Pair Corr
0.57	CYD	China Yuchai Interna	Pair Corr
0.51	FRSB	First Resource Bank	Pair Corr
0.44	AES	AES Aggressive Push	Pair Corr

Related Correlations Analysis

	PLSQF	CFNCF	MAUSY	NINTF	LTSAP	KGTHY	FANDY	EQGPF	AFSIA	BDGSF
PLSQF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PLSQF
CFNCF	0.0		-0.34	-0.32	-0.5	0.17	-0.53	-0.52	-0.07	0.0	CFNCF
MAUSY	0.0	-0.34		0.93	0.67	0.49	0.78	0.68	-0.22	0.0	MAUSY
NINTF	0.0	-0.32	0.93		0.64	0.55	0.67	0.58	-0.27	0.0	NINTF
LTSAP	0.0	-0.5	0.67	0.64		0.42	0.63	0.58	-0.28	0.0	LTSAP
KGTHY	0.0	0.17	0.49	0.55	0.42		0.26	0.21	-0.56	0.0	KGTHY
FANDY	0.0	-0.53	0.78	0.67	0.63	0.26		0.85	-0.14	0.0	FANDY
EQGPF	0.0	-0.52	0.68	0.58	0.58	0.21	0.85		-0.07	0.0	EQGPF
AFSIA	0.0	-0.07	-0.22	-0.27	-0.28	-0.56	-0.14	-0.07		0.0	AFSIA
BDGSF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BDGSF
	PLSQF	CFNCF	MAUSY	NINTF	LTSAP	KGTHY	FANDY	EQGPF	AFSIA	BDGSF

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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

NINTF	+ 0.93	MAUSY
EQGPF	+ 0.85	FANDY
FANDY	+ 0.78	MAUSY
EQGPF	+ 0.68	MAUSY
LTSAP	+ 0.67	MAUSY
FANDY	+ 0.67	NINTF

High negative correlations

AFSIA	- 0.56	KGTHY
FANDY	- 0.53	CFNCF
EQGPF	- 0.52	CFNCF
LTSAP	- 0.5	CFNCF
MAUSY	- 0.34	CFNCF
NINTF	- 0.32	CFNCF

Risk-Adjusted Indicators

There is a big difference between TCAPF Pink Sheet performing well and TP ICAP 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 TP ICAP'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
PLSQF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CFNCF	0.09	(0.05)	0.00	10.22	0.00	0.00	0.00	0.00	2.87
MAUSY	0.36	0.12	0.00	0.53	0.00	0.00	0.00	0.00	9.22
NINTF	1.19	0.54	0.00	1.19	0.00	0.00	3.19	0.00	30.50
LTSAP	1.52	0.25	0.07	(10.89)	1.57	(2.43)	4.83	(3.46)	16.67
KGTHY	3.99	0.08	0.01	0.11	5.45	(6.37)	12.47	(11.82)	32.00
FANDY	0.82	0.40	0.00	8.22	0.00	0.00	4.01	0.00	9.51
EQGPF	1.26	0.51	0.18	1.40	0.82	(2.17)	4.30	(1.98)	16.27
AFSIA	1.21	(0.03)	0.00	(0.16)	0.00	0.00	4.75	(3.79)	11.55
BDGSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in TP ICAP 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.

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TP ICAP Corporate Management

Nicolas Breteau	Group Director	Profile
Martin Ryan	Group Officer	Profile
William BaldwinCharles	Group Director	Profile
Dominic Lagan	Head Relations	Profile
Susan Maple	Group HR	Profile
Amir Zaidi	Global Compliance	Profile
Robin Stewart	Group Director	Profile

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