Tecogen Correlations

OTC Stocks . USA . 
Stock . Tecogen
TGEN Stock  USD 7.72  1.94  33.56%   
The current 90-days correlation between Tecogen and XOMA Corp is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tecogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tecogen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tecogen Correlation With Market

Average diversification

The correlation between Tecogen and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tecogen and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Tecogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tecogen 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 Tecogen - 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 Tecogen to buy it.

Moving together with Tecogen OTC Stock

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Moving against Tecogen OTC Stock

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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   
AFGYF
+ 0.79
LGRDY
XOMA
+ 0.71
LGRDY
VRA
+ 0.64
LGRDY
VRA
+ 0.62
AFGYF
VRA
+ 0.57
XOMA
XOMA
+ 0.54
AFGYF
  
High negative correlations   
GNTA
- 0.57
AFGYF
GNTA
- 0.28
LGRDY
VRA
- 0.19
GNTA
XOMA
- 0.19
EGTYF
XOMA
- 0.09
GNTA
EGTYF
- 0.09
AFGYF

Risk-Adjusted Indicators

There is a big difference between Tecogen OTC Stock performing well and Tecogen OTC Stock 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 Tecogen'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 Tecogen 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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Tecogen Corporate Management

Elected by the shareholders, the Tecogen's board of directors comprises two types of representatives: Tecogen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tecogen. The board's role is to monitor Tecogen's management team and ensure that shareholders' interests are well served. Tecogen'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, Tecogen's outside directors are responsible for providing unbiased perspectives on the board's policies.
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