Two Rivers Correlations
| TRVR Stock | USD 50.15 1.70 3.28% |
The correlation of Two Rivers 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.
Two Rivers Correlation With Market
Poor diversification
The correlation between Two Rivers Financial and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Two Rivers Financial and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Two Rivers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Two Rivers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Two Rivers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Two Rivers Financial to buy it.
Moving together with Two Pink Sheet
| 0.7 | CIHHF | China Merchants Bank | PairCorr |
| 0.69 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.69 | BBAS3 | Banco do Brasil | PairCorr |
| 0.82 | MFG | Mizuho Financial | PairCorr |
| 0.78 | ITUB | Itau Unibanco Banco | PairCorr |
| 0.86 | PNC | PNC Financial Services | PairCorr |
| 0.88 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.77 | SAR | Saratoga Investment Corp | PairCorr |
| 0.8 | ALFVF | Alfa Laval AB | PairCorr |
| 0.63 | CAPL | Crossamerica Partners | PairCorr |
| 0.61 | ESCA | Escalade Incorporated | PairCorr |
| 0.8 | TDY | Teledyne Technologies | PairCorr |
| 0.69 | MBINN | Merchants Bancorp | PairCorr |
| 0.68 | WEJTY | Webjet Limited | PairCorr |
| 0.92 | BHB | Bar Harbor Bankshares | PairCorr |
| 0.69 | SOJE | Southern Company | PairCorr |
| 0.79 | GEL | Genesis Energy LP | PairCorr |
| 0.74 | TRP | TC Energy Corp | PairCorr |
| 0.71 | VHI | Valhi Inc Earnings Call This Week | PairCorr |
| 0.66 | DREUF | Dream Industrial Real | PairCorr |
| 0.67 | GL-PD | Globe Life 425 | PairCorr |
Moving against Two Pink Sheet
| 0.69 | JD | JD Inc Adr Earnings Call This Week | PairCorr |
| 0.58 | CIHKY | China Merchants Bank | PairCorr |
| 0.53 | HDB | HDFC Bank Limited | PairCorr |
| 0.5 | AMZN | Amazon Inc | PairCorr |
| 0.47 | ACN | Accenture plc | PairCorr |
Related Correlations Analysis
| 0.11 | 0.0 | 0.81 | 0.9 | 0.94 | 0.65 | AMBZ | ||
| 0.11 | 0.0 | 0.05 | 0.02 | 0.15 | 0.18 | BPHLY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ADBKF | ||
| 0.81 | 0.05 | 0.0 | 0.68 | 0.73 | 0.64 | FISI | ||
| 0.9 | 0.02 | 0.0 | 0.68 | 0.88 | 0.59 | DBIN | ||
| 0.94 | 0.15 | 0.0 | 0.73 | 0.88 | 0.65 | WCCB | ||
| 0.65 | 0.18 | 0.0 | 0.64 | 0.59 | 0.65 | THVB | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Two Pink Sheet performing well and Two Rivers 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 Two Rivers' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMBZ | 0.52 | 0.27 | 0.42 | 3.64 | 0.00 | 1.41 | 7.36 | |||
| BPHLY | 1.80 | 0.09 | 0.00 | 0.69 | 2.45 | 4.98 | 14.22 | |||
| ADBKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FISI | 1.23 | 0.02 | 0.02 | 0.10 | 1.50 | 3.07 | 9.80 | |||
| DBIN | 1.41 | 0.21 | 0.04 | (1.82) | 1.55 | 5.13 | 14.82 | |||
| WCCB | 0.44 | 0.20 | 0.23 | 0.68 | 0.00 | 1.27 | 3.32 | |||
| THVB | 0.90 | 0.14 | 0.02 | (22.19) | 1.22 | 3.50 | 9.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Two Rivers without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Two Rivers Corporate Management
| Gerhardt Lachnitt | VP of Information Technology | Profile | |
| Andrea Gerst | Chief Officer | Profile | |
| William Partain | Chief Officer | Profile | |
| Frank III | Chairman CEO | Profile | |
| Darrell Burchfield | VP Technology | Profile | |
| Barbara Smidt | Pres Market | Profile |