TON Strategy Correlations

TONX Stock

2.87 0.08 2.71%

The current 90-days correlation between TON Strategy and Horizon Technology Finance is 0.13 (i.e., Average diversification). The correlation of TON Strategy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

TON Strategy Correlation With Market

Weak diversification

The correlation between TON Strategy Co and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TON Strategy Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TON Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TON Strategy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with TON Stock

0.61	TC	TuanChe ADR Trending	Pair Corr
0.65	WB	Weibo Corp	Pair Corr
0.76	YQ	17 Education Technology	Pair Corr
0.82	WBTN	WEBTOON Entertainment	Pair Corr
0.84	FENG	Phoenix New Media	Pair Corr
0.89	DHX	DHI Group	Pair Corr
0.7	DUO	Fangdd Network Group	Pair Corr
0.87	IPM	Intelligent Protection	Pair Corr
0.87	FDV	Frontier Digital Ventures	Pair Corr
0.73	SLE	Super League Enterprise	Pair Corr
0.65	SST	System1	Pair Corr
0.86	GETY	Getty Images Holdings	Pair Corr
0.87	GITS	Global Interactive	Pair Corr
0.64	MNYWW	MoneyHero Limited	Pair Corr

Moving against TON Stock

0.77	EVER	EverQuote Class A	Pair Corr
0.75	IAC	IAC Inc	Pair Corr
0.72	EB	Eventbrite Class A	Pair Corr
0.72	MH	McGraw Hill	Pair Corr
0.34	BILD	Builddirect Tehcnologies	Pair Corr
0.7	GOOG	Alphabet Class C	Pair Corr
0.62	JFU	9F Inc	Pair Corr
0.37	MAX	MediaAlpha	Pair Corr
0.64	JOYY	JOYY Inc Symbol Change	Pair Corr
0.59	AUUDW	Auddia Inc	Pair Corr

Related Correlations Analysis

	HRZN	KOYN	LIEN	OACC	TPVG	MLCI	GIWWU	SSSS	INV
HRZN		-0.07	0.61	0.32	0.7	0.43	0.0	0.7	0.6	HRZN
KOYN	-0.07		-0.21	0.1	-0.33	-0.12	0.0	0.07	-0.56	KOYN
LIEN	0.61	-0.21		0.16	0.8	0.49	0.0	0.17	0.64	LIEN
OACC	0.32	0.1	0.16		0.25	0.54	0.0	0.26	-0.03	OACC
TPVG	0.7	-0.33	0.8	0.25		0.62	0.0	0.32	0.67	TPVG
MLCI	0.43	-0.12	0.49	0.54	0.62		0.0	0.29	0.27	MLCI
GIWWU	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GIWWU
SSSS	0.7	0.07	0.17	0.26	0.32	0.29	0.0		0.28	SSSS
INV	0.6	-0.56	0.64	-0.03	0.67	0.27	0.0	0.28		INV
	HRZN	KOYN	LIEN	OACC	TPVG	MLCI	GIWWU	SSSS	INV

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

TPVG	+ 0.8	LIEN
TPVG	+ 0.7	HRZN
SSSS	+ 0.7	HRZN
INV	+ 0.67	TPVG
INV	+ 0.64	LIEN
MLCI	+ 0.62	TPVG

High negative correlations

INV	- 0.56	KOYN
TPVG	- 0.33	KOYN
LIEN	- 0.21	KOYN
MLCI	- 0.12	KOYN
KOYN	- 0.07	HRZN
INV	- 0.03	OACC

Risk-Adjusted Indicators

There is a big difference between TON Stock performing well and TON Strategy 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 TON Strategy'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
HRZN	1.10	0.20	0.12	0.45	1.05	(1.28)	2.53	(1.75)	11.64
KOYN	0.10	(0.01)	(0.54)	(0.19)	0.08	(0.16)	0.20	(0.20)	1.10
LIEN	1.02	0.10	0.00	(0.48)	1.53	(1.01)	2.70	(2.10)	7.14
OACC	0.20	(0.01)	(0.25)	(0.17)	0.25	(0.34)	0.47	(0.47)	1.52
TPVG	1.27	0.33	0.15	0.90	1.39	(1.32)	2.76	(2.58)	8.89
MLCI	1.85	0.10	0.03	0.22	2.60	(1.97)	4.10	(4.51)	17.11
GIWWU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSSS	1.79	0.04	0.01	0.14	1.96	(2.03)	3.89	(3.81)	17.41
INV	7.36	0.35	0.07	0.19	7.43	(9.02)	17.85	(12.34)	43.34

TON Strategy Corporate Executives

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

	Rory JD	Head Founder	Profile
	Sarah Olsen	CFO COO	Profile

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