Technical Communications Correlations
| TCCODelisted Stock | USD 0.85 0.33 63.46% |
The current 90-days correlation between Technical Communications and JD Sports Fashion is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Technical Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Technical Communications moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Technical Communications Correlation With Market
Good diversification
The correlation between Technical Communications and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Technical Communications and DJI in the same portfolio, assuming nothing else is changed.
Technical |
The ability to find closely correlated positions to Technical Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Technical Communications 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 Technical Communications - 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 Technical Communications to buy it.
Moving against Technical Pink Sheet
| 0.51 | UI | Ubiquiti Networks | PairCorr |
| 0.45 | ERIC | Telefonaktiebolaget Fiscal Year End 28th of January 2025 | PairCorr |
| 0.44 | FEIM | Frequency Electronics Earnings Call This Week | PairCorr |
| 0.43 | MSI | Motorola Solutions | PairCorr |
| 0.4 | VIAV | Viavi Solutions | PairCorr |
| 0.4 | WGNR | Wegener | PairCorr |
| 0.39 | MOB | Mobilicom Limited Buyout Trend | PairCorr |
| 0.34 | KN | Knowles Cor | PairCorr |
| 0.32 | ITI | Iteris Inc | PairCorr |
| 0.63 | MITQ | Moving iMage Technologies | PairCorr |
| 0.49 | ITRN | Ituran Location | PairCorr |
| 0.46 | MOBBW | Mobilicom Limited | PairCorr |
| 0.45 | QTRHF | Quarterhill | PairCorr |
| 0.38 | LITE | Lumentum Holdings | PairCorr |
| 0.37 | NTGR | NETGEAR | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Technical Pink Sheet performing well and Technical Communications 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 Technical Communications' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JDSPY | 2.86 | (0.41) | 0.00 | 2.32 | 0.00 | 6.70 | 26.98 | |||
| PCYO | 1.78 | 0.27 | 0.17 | 0.27 | 1.60 | 4.75 | 13.79 | |||
| PAL | 2.73 | (1.03) | 0.00 | (0.56) | 0.00 | 4.52 | 33.63 | |||
| ARIS | 2.64 | 0.62 | 0.22 | 0.41 | 2.51 | 6.44 | 29.22 | |||
| WES | 1.14 | 0.08 | 0.00 | 0.46 | 1.35 | 2.48 | 5.82 | |||
| ASO | 1.76 | (0.18) | 0.00 | (0.37) | 0.00 | 4.04 | 9.63 | |||
| NI | 0.73 | 0.16 | 0.08 | 1.03 | 0.69 | 1.54 | 4.71 | |||
| UG | 2.67 | (0.52) | 0.00 | (5.82) | 0.00 | 4.79 | 23.10 |
Technical Communications 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 Technical Communications pink sheet to make a market-neutral strategy. Peer analysis of Technical Communications could also be used in its relative valuation, which is a method of valuing Technical Communications by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Technical Communications Corporate Executives
Elected by the shareholders, the Technical Communications' board of directors comprises two types of representatives: Technical Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Technical. The board's role is to monitor Technical Communications' management team and ensure that shareholders' interests are well served. Technical Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Technical Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Malone | CFO, Treasurer and Assistant Secretary | Profile |
Still Interested in Technical Communications?
Investing in delisted pink sheets can be risky, as the pink sheet 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.