Trugolf Correlations

Stocks . USA . 
Stock . Trugolf
TRUG Stock   5.71  0.19  3.22%   
The current 90-days correlation between Trugolf and Western Asset Investment is 0.04 (i.e., Significant diversification). The correlation of Trugolf 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.

Trugolf Correlation With Market

Average diversification

The correlation between Trugolf and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trugolf and DJI in the same portfolio, assuming nothing else is changed.
  
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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   
SEIC
+ 0.93
PNNT
IGI
+ 0.86
SEIC
SEIC
+ 0.84
RDCM
SLF
+ 0.81
RDCM
SVTMF
+ 0.8
RDCM
SVTMF
+ 0.78
SLF
  
High negative correlations   
SLF
- 0.4
USIO
SVTMF
- 0.17
USIO
USIO
- 0.11
RDCM

Risk-Adjusted Indicators

There is a big difference between Trugolf Stock performing well and Trugolf 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 Trugolf'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.

Trugolf Corporate Management

Steven JohnsonChief OfficerProfile
Lindsay JonesChief OfficerProfile
Doug BybeeChief OfficerProfile
Brenner AdamsChief OfficerProfile
Nathan LarsenChief OfficerProfile
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