Thunder Bridge Correlations
| THCP Stock | USD 12.24 1.16 8.66% |
The current 90-days correlation between Thunder Bridge Capital and SK Growth Opportunities is 0.01 (i.e., Significant diversification). The correlation of Thunder Bridge 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.
Thunder Bridge Correlation With Market
Good diversification
The correlation between Thunder Bridge Capital and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thunder Bridge Capital and DJI in the same portfolio, assuming nothing else is changed.
Thunder |
Moving together with Thunder Stock
| 0.75 | FDUS | Fidus Investment Corp | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.73 | FRHC | Freedom Holding Corp | PairCorr |
| 0.69 | SLM | SLM Corp Sell-off Trend | PairCorr |
| 0.91 | IPXXU | Inflection Point Acq | PairCorr |
| 0.64 | IREN | Iris Energy | PairCorr |
| 0.71 | OPRT | Oportun Financial Corp | PairCorr |
| 0.64 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.84 | RAND | Rand Capital Corp Normal Trading | PairCorr |
| 0.78 | RWAY | Runway Growth Finance Normal Trading | PairCorr |
Moving against Thunder Stock
| 0.38 | WU | Western Union | PairCorr |
| 0.53 | ORGN | Origin Materials | PairCorr |
| 0.43 | PFLT | PennantPark Floating Rate | PairCorr |
| 0.34 | GROW | US Global Investors | PairCorr |
| 0.31 | MCVT | Mill City Ventures | 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 Thunder Stock performing well and Thunder Bridge 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 Thunder Bridge'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FORLU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | |||
| WINV | 0.64 | 0.09 | 0.00 | (0.94) | 0.90 | 2.94 | 12.43 | |||
| SKGR | 0.13 | 0.04 | (0.25) | (0.78) | 0.00 | 0.44 | 1.05 | |||
| ASCA | 0.13 | 0.01 | (0.11) | (0.22) | 0.19 | 0.38 | 2.67 | |||
| RCAC | 0.10 | 0.01 | (0.29) | 0.20 | 0.00 | 0.39 | 0.97 | |||
| PRLH | 0.32 | 0.17 | 0.00 | (3.18) | 0.00 | 0.54 | 1.52 | |||
| APNCW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOAO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVNY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |