Tantalus Systems Correlations
| TNTLF Stock | USD 1.27 0.02 1.60% |
The correlation of Tantalus Systems 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.
Tantalus Systems Correlation With Market
Significant diversification
The correlation between Tantalus Systems Holding and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tantalus Systems Holding and DJI in the same portfolio, assuming nothing else is changed.
Tantalus |
The ability to find closely correlated positions to Tantalus Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tantalus Systems 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 Tantalus Systems - 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 Tantalus Systems Holding to buy it.
Moving together with Tantalus Pink Sheet
| 0.68 | VRT | Vertiv Holdings | PairCorr |
| 0.71 | MIELY | Mitsubishi Electric Corp | PairCorr |
| 0.7 | MIELF | Mitsubishi Electric | PairCorr |
| 0.67 | 2457 | Phihong Technology | PairCorr |
| 0.66 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.82 | FTNT | Fortinet Sell-off Trend | PairCorr |
| 0.67 | AGFY | Agrify Corp | PairCorr |
| 0.78 | HA | Hawaiian Holdings | PairCorr |
| 0.67 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | DECK | Deckers Outdoor | PairCorr |
| 0.69 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.84 | PLTR | Palantir Technologies Buyout Trend | PairCorr |
| 0.74 | PANW | Palo Alto Networks | PairCorr |
| 0.67 | GOOGL | Alphabet Class A Sell-off Trend | PairCorr |
Moving against Tantalus Pink Sheet
| 0.74 | LGRDY | Legrand SA ADR | PairCorr |
| 0.7 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.61 | LGRVF | Legrand SA | PairCorr |
| 0.55 | SGD | Safe and Green | PairCorr |
| 0.35 | CZR | Caesars Entertainment | 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 Tantalus Pink Sheet performing well and Tantalus Systems 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 Tantalus Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHPPY | 1.06 | 0.03 | (0.03) | (0.07) | 1.62 | 4.04 | 13.87 | |||
| AFGYF | 3.31 | (0.25) | 0.00 | 0.89 | 0.00 | 9.09 | 41.56 | |||
| LPENF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TGEN | 3.38 | 0.11 | 0.00 | 10.68 | 4.75 | 8.14 | 32.04 | |||
| HYEG | 43.34 | 24.39 | 0.00 | (0.51) | 0.00 | 25.00 | 1,356 | |||
| AXPWQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABHBY | 1.21 | (0.65) | 0.00 | (55.10) | 0.00 | 0.00 | 16.47 | |||
| LGRDY | 1.12 | (0.13) | 0.00 | 1.01 | 0.00 | 1.75 | 9.17 | |||
| NHHHF | 6.70 | 1.14 | 0.03 | (0.73) | 9.21 | 21.95 | 83.33 | |||
| EGTYF | 12.55 | 3.31 | 0.14 | (0.72) | 12.95 | 45.83 | 97.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tantalus Systems 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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Tantalus Systems Corporate Management
| Gerry Kaiser | Chief Officer | Profile | |
| Douglass Campbell | Chief Officer | Profile | |
| Michael JD | G Sec | Profile | |
| MBA JD | Pres CEO | Profile | |
| MBA MBA | Chief Officer | Profile | |
| George Reznik | Chief Officer | Profile |