TPI Composites Correlations

TPIC Stock

USD 0.89 0.03 3.25%

The current 90-days correlation between TPI Composites and Broadwind Energy is 0.16 (i.e., Average diversification). The correlation of TPI Composites 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.

TPI Composites Correlation With Market

Very weak diversification

The correlation between TPI Composites and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPI Composites and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TPI Stock

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

For information on how to trade TPI Stock refer to our How to Trade TPI Stock guide.

Moving together with TPI Stock

0.64	RR	Richtech Robotics Class Aggressive Push	Pair Corr
0.72	EPAC	Enerpac Tool Group	Pair Corr

Moving against TPI Stock

0.45	HI	Hillenbrand	Pair Corr
0.38	FELE	Franklin Electric	Pair Corr
0.35	MWA	Mueller Water Products	Pair Corr
0.47	HURC	Hurco Companies	Pair Corr

Related Correlations Analysis

	BWEN	THR	NPO	GTES	WTS	AMRC	CWEN	VWDRY
BWEN		0.3	0.69	0.7	0.61	0.75	0.7	0.67	BWEN
THR	0.3		0.63	0.67	0.68	0.6	0.3	0.61	THR
NPO	0.69	0.63		0.97	0.97	0.97	0.84	0.9	NPO
GTES	0.7	0.67	0.97		0.95	0.96	0.83	0.86	GTES
WTS	0.61	0.68	0.97	0.95		0.93	0.79	0.89	WTS
AMRC	0.75	0.6	0.97	0.96	0.93		0.86	0.89	AMRC
CWEN	0.7	0.3	0.84	0.83	0.79	0.86		0.77	CWEN
VWDRY	0.67	0.61	0.9	0.86	0.89	0.89	0.77		VWDRY
	BWEN	THR	NPO	GTES	WTS	AMRC	CWEN	VWDRY

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Risk-Adjusted Indicators

There is a big difference between TPI Stock performing well and TPI Composites 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 TPI Composites' 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
BWEN	2.96	0.85	0.26	5.89	2.16	(4.09)	7.10	(3.21)	21.06
THR	1.49	(0.02)	0.02	0.11	2.17	(1.51)	3.40	(3.33)	13.02
NPO	1.63	0.34	0.21	0.38	1.37	(1.85)	3.94	(2.58)	10.10
GTES	1.36	0.36	0.29	0.40	0.84	(1.56)	3.57	(1.72)	8.29
WTS	1.23	0.22	0.24	0.31	0.74	(1.51)	2.92	(1.92)	13.45
AMRC	3.48	0.68	0.23	0.41	3.18	(4.17)	8.91	(4.40)	20.14
CWEN	1.24	0.14	0.05	0.34	1.57	(1.32)	2.56	(2.33)	7.51
VWDRY	2.50	0.52	0.14	3.46	2.49	(2.68)	9.20	(3.63)	15.96

TPI Composites Corporate Management

Steven Esq	General Secretary	Profile
Charles Stroo	Chief Officer	Profile
Thomas Adams	Senior Wind	Profile
Deane Ilukowicz	Chief Officer	Profile
Gokhan Serdar	Senior Turkey	Profile
Gordon Davis	Senior Mexico	Profile
Christian Edin	Director Relations	Profile

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