TechPrecision Common Correlations
TPCS Stock | USD 3.14 0.06 1.88% |
The current 90-days correlation between TechPrecision Common and VirTra Inc is -0.08 (i.e., Good diversification). The correlation of TechPrecision Common 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.
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Moving together with TechPrecision Stock
0.7 | AP | Ampco Pittsburgh Downward Rally | PairCorr |
0.65 | TG | Tredegar | PairCorr |
0.75 | ATI | Allegheny Technologies Earnings Call This Week | PairCorr |
0.64 | CRS | Carpenter Technology Earnings Call This Week | PairCorr |
0.85 | MEC | Mayville Engineering | PairCorr |
0.77 | WOR | Worthington Industries | PairCorr |
0.71 | HIHO | Highway Holdings Earnings Call This Week | PairCorr |
0.7 | IIIN | Insteel Industries | PairCorr |
0.67 | CMPOW | CompoSecure | PairCorr |
0.71 | PRLB | Proto Labs | PairCorr |
0.69 | CMPO | CompoSecure Earnings Call This Week | PairCorr |
0.88 | AL | Air Lease | PairCorr |
0.68 | BA | Boeing Earnings Call This Week | PairCorr |
0.81 | BV | BrightView Holdings | PairCorr |
0.67 | BW | Babcock Wilcox Enter | PairCorr |
0.89 | CP | Canadian Pacific Railway Earnings Call This Week | PairCorr |
0.69 | CR | Crane Company Earnings Call This Week | PairCorr |
0.72 | CW | Curtiss Wright | PairCorr |
0.86 | DE | Deere Company | PairCorr |
0.68 | DY | Dycom Industries | PairCorr |
0.77 | FA | First Advantage Corp | PairCorr |
0.75 | GE | GE Aerospace | PairCorr |
Moving against TechPrecision Stock
0.69 | G | Genpact Limited | PairCorr |
0.38 | GIFI | Gulf Island Fabrication | PairCorr |
0.81 | MG | Mistras Group Earnings Call This Week | PairCorr |
0.49 | NL | NL Industries | 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
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Risk-Adjusted Indicators
There is a big difference between TechPrecision Stock performing well and TechPrecision Common 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 TechPrecision Common'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
TG | 1.48 | 0.19 | 0.09 | 0.42 | 1.40 | 3.30 | 9.06 | |||
WOR | 1.17 | 0.22 | 0.20 | 0.42 | 0.76 | 3.31 | 9.03 | |||
NWPX | 1.20 | 0.09 | (0.12) | 0.00 | 1.70 | 3.35 | 8.25 | |||
GIFI | 1.65 | 0.11 | (0.02) | 1.01 | 2.63 | 3.88 | 18.12 | |||
PCSA | 6.48 | 0.44 | 0.03 | 1.60 | 7.26 | 13.64 | 50.00 | |||
PTEL | 7.54 | 0.28 | 0.03 | 0.40 | 8.29 | 19.05 | 49.49 | |||
VTSI | 3.45 | 0.73 | 0.20 | 1.25 | 3.02 | 7.74 | 46.17 | |||
INFU | 2.32 | 0.22 | 0.05 | 0.57 | 2.60 | 4.93 | 21.88 | |||
ATGN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |