Touchmark Bancshares Correlations
| TMAK Stock | USD 8.07 0.07 0.88% |
The current 90-days correlation between Touchmark Bancshares and Harbor Bankshares is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Touchmark Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchmark Bancshares moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Touchmark Bancshares Correlation With Market
Average diversification
The correlation between Touchmark Bancshares and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchmark Bancshares and DJI in the same portfolio, assuming nothing else is changed.
Touchmark |
The ability to find closely correlated positions to Touchmark Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchmark Bancshares 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 Touchmark Bancshares - 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 Touchmark Bancshares to buy it.
Moving together with Touchmark Pink Sheet
| 0.81 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.67 | BBAS3 | Banco do Brasil | PairCorr |
| 0.87 | BNPQY | BNP Paribas SA | PairCorr |
| 0.86 | BNPQF | BNP Paribas SA | PairCorr |
| 0.89 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.79 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.78 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
Moving against Touchmark Pink Sheet
| 0.93 | FSTF | First State Financial | PairCorr |
| 0.72 | USB-PH | US Bancorp | PairCorr |
| 0.55 | HDB | HDFC Bank Limited | PairCorr |
| 0.41 | IBN | ICICI Bank Limited | PairCorr |
| 0.92 | DIS | Walt Disney | PairCorr |
| 0.85 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.82 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.79 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.56 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.53 | HD | Home Depot | PairCorr |
| 0.53 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
| 0.32 | MSFT | Microsoft Aggressive Push | 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 Touchmark Pink Sheet performing well and Touchmark Bancshares 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 Touchmark Bancshares' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HRBK | 0.90 | 0.15 | 0.02 | (0.61) | 1.17 | 2.64 | 13.83 | |||
| LBNW | 0.38 | 0.08 | 0.00 | 0.49 | 0.00 | 1.74 | 6.62 | |||
| PBKC | 0.35 | 0.16 | 0.00 | 1.46 | 0.00 | 1.67 | 5.76 | |||
| SMAL | 0.84 | 0.11 | 0.02 | (1.03) | 1.06 | 1.69 | 5.34 | |||
| NODB | 0.33 | 0.08 | 0.01 | 0.81 | 0.43 | 0.63 | 7.28 | |||
| CULL | 0.51 | (0.13) | 0.00 | (1.02) | 0.00 | 1.18 | 4.73 | |||
| HFBL | 1.55 | 0.01 | (0.01) | 0.11 | 2.36 | 3.82 | 17.43 | |||
| HMNF | 1.88 | 0.35 | 0.14 | 0.72 | 1.85 | 4.29 | 13.15 | |||
| LNKB | 1.64 | 0.23 | 0.16 | 0.26 | 1.30 | 3.73 | 10.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Touchmark Bancshares 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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Touchmark Bancshares Corporate Management
| Tesula Stewart | EVP Officer | Profile | |
| Jayendrakumar Shah | Pres Chairman | Profile | |
| Trae Dorough | Chief Officer | Profile | |
| Lynn Barron | Ex CFO | Profile |