Twin Ridge Correlations

Delisted . USA . 
Stock . Twin Ridge Capital
TRCADelisted Stock  USD 10.72  0.00  0.00%   
The correlation of Twin Ridge 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.

Twin Ridge Correlation With Market

Significant diversification

The correlation between Twin Ridge Capital and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Twin Ridge Capital and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Twin Stock

  0.75FMCB Farmers Merchants BancorpPairCorr
  0.9DIS Walt Disney Earnings Call This WeekPairCorr
  0.9CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.84TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.92CSCO Cisco Systems Earnings Call This WeekPairCorr
  0.79BAC Bank of America Aggressive PushPairCorr
  0.92AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.88T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.7DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.75CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.75MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.88HD Home Depot Earnings Call This WeekPairCorr
  0.84WMT Walmart Aggressive PushPairCorr

Moving against Twin Stock

  0.82BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.69NFPDF Nissin Foods HoldingsPairCorr
  0.43KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.31DAIUF DaifukuPairCorr
  0.31FUWAF Furukawa ElectricPairCorr

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   
CRM
+ 0.9
META
UBER
+ 0.73
META
T
+ 0.71
META
XOM
+ 0.68
META
CRM
+ 0.67
T
JPM
+ 0.67
CRM
  
High negative correlations   
MRK
- 0.87
CRM
MRK
- 0.66
META
MRK
- 0.65
JPM
MRK
- 0.58
T
XOM
- 0.51
MRK
MRK
- 0.37
UBER

Risk-Adjusted Indicators

There is a big difference between Twin Stock performing well and Twin Ridge 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 Twin Ridge'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.08  0.11  0.05  0.30  1.20 
(1.27)
 2.62 
(1.87)
 8.02 
MSFT  0.88 (0.06)(0.06) 0.09  1.43 
(0.86)
 2.08 
(1.85)
 8.19 
UBER  1.59 (0.10)(0.03) 0.07  2.03 
(1.78)
 2.97 
(2.34)
 20.10 
F  1.40 (0.10) 0.00  0.09  2.20 
(1.37)
 2.77 
(2.54)
 11.72 
T  0.91  0.24  0.06 (3.02) 1.00 
(0.99)
 2.56 
(1.86)
 6.47 
A  1.01 (0.07)(0.11) 0.00  1.44 
(0.94)
 2.11 
(2.11)
 9.02 
CRM  1.16  0.23  0.21  0.38  0.73 
(1.38)
 3.16 
(1.60)
 7.07 
JPM  1.08 (0.05) 0.05  0.13  1.42 
(1.11)
 2.05 
(2.00)
 15.87 
MRK  0.79 (0.17) 0.00 (1.30) 0.00 
 0.00 
 1.68 
(2.07)
 4.89 
XOM  1.04 (0.03)(0.07) 0.10  1.39 
(1.05)
 2.14 
(2.66)
 5.78 

Twin Ridge 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 Twin Ridge stock to make a market-neutral strategy. Peer analysis of Twin Ridge could also be used in its relative valuation, which is a method of valuing Twin Ridge by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Twin Ridge Capital?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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