TerraCom Correlations

TERCF Stock

USD 0.15 0.00 0.00%

The current 90-days correlation between TerraCom Limited and Everi Holdings is -0.04 (i.e., Good diversification). The correlation of TerraCom 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.

TerraCom Correlation With Market

Significant diversification

The correlation between TerraCom Limited and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TerraCom Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against TerraCom Pink Sheet

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0.62	DECK	Deckers Outdoor Upward Rally	Pair Corr
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Related Correlations Analysis

	ARLP	SBFFY	EVRI	ECC	91324PBW1	CSWI	SAIHW	DOCS
ARLP		0.28	0.1	0.42	-0.15	0.81	0.41	0.66	ARLP
SBFFY	0.28		0.45	0.72	0.38	0.51	-0.13	0.79	SBFFY
EVRI	0.1	0.45		0.39	0.16	0.41	-0.05	0.43	EVRI
ECC	0.42	0.72	0.39		0.3	0.57	0.06	0.73	ECC
91324PBW1	-0.15	0.38	0.16	0.3		-0.02	-0.54	0.32	91324PBW1
CSWI	0.81	0.51	0.41	0.57	-0.02		0.27	0.83	CSWI
SAIHW	0.41	-0.13	-0.05	0.06	-0.54	0.27		0.06	SAIHW
DOCS	0.66	0.79	0.43	0.73	0.32	0.83	0.06		DOCS
	ARLP	SBFFY	EVRI	ECC	91324PBW1	CSWI	SAIHW	DOCS

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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

DOCS	+ 0.83	CSWI
CSWI	+ 0.81	ARLP
DOCS	+ 0.79	SBFFY
DOCS	+ 0.73	ECC
ECC	+ 0.72	SBFFY
DOCS	+ 0.66	ARLP

High negative correlations

SAIHW	- 0.54	91324PBW1
91324PBW1	- 0.15	ARLP
SAIHW	- 0.13	SBFFY
SAIHW	- 0.05	EVRI
CSWI	- 0.02	91324PBW1

Risk-Adjusted Indicators

There is a big difference between TerraCom Pink Sheet performing well and TerraCom 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 TerraCom'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
ARLP	0.90	0.00	(0.01)	0.07	1.39	(0.97)	1.83	(2.59)	5.90
SBFFY	0.75	0.23	0.00	0.49	0.00	0.00	0.00	0.00	23.05
EVRI	1.20	0.54	1.99	0.40	0.00	(1.33)	0.47	(0.23)	41.11
ECC	0.48	0.00	(0.07)	0.08	0.57	(0.55)	1.29	(1.03)	2.82
91324PBW1	0.68	0.04	(0.06)	(0.10)	0.80	(0.75)	1.37	(1.57)	5.76
CSWI	1.72	0.22	0.12	0.17	2.16	(1.95)	3.81	(2.88)	16.08
SAIHW	17.62	4.49	0.16	(0.54)	15.38	(29.54)	45.45	(35.46)	219.15
DOCS	1.88	0.61	0.32	0.72	1.28	(2.19)	2.88	(3.12)	42.30

TerraCom Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TerraCom pink sheet to make a market-neutral strategy. Peer analysis of TerraCom could also be used in its relative valuation, which is a method of valuing TerraCom by comparing valuation metrics with similar companies.

Alliance Resource Partners SBM Offshore NV Everi Holdings Eagle Point Credit UNITEDHEALTH GROUP INC CSW Industrials SAIHEAT Limited Doximity American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

TerraCom Corporate Management

AO AO	Advisor	Profile
Megan Etcell	CFO Sec	Profile
Izak Bank	Chief Africa	Profile
Reece Henry	Exploration Mongolia	Profile
Danny McCarthy	MD Director	Profile

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