TPG Correlations

TPG Stock

USD 69.96 0.15 0.21%

The current 90-days correlation between TPG Inc and Ares Management LP is 0.73 (i.e., Poor diversification). The correlation of TPG 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.

TPG Correlation With Market

Poor diversification

The correlation between TPG Inc and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPG Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TPG Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with TPG Stock

0.68	V	Visa Class A	Pair Corr
0.75	DIST	Distoken Acquisition	Pair Corr
0.91	MA	Mastercard	Pair Corr
0.85	DYCQ	DT Cloud Acquisition	Pair Corr
0.65	EMCG	Embrace Change Acqui	Pair Corr
0.77	WAVS	Western Acquisition	Pair Corr
0.78	ESHA	ESH Acquisition Corp	Pair Corr
0.91	EVGR	Evergreen Corp	Pair Corr
0.67	DISTR	Distoken Acquisition	Pair Corr
0.78	ANSCW	Agriculture Natural	Pair Corr
0.74	GDSTU	Goldenstone Acquisition	Pair Corr
0.92	WAVSU	Western Acquisition	Pair Corr

Moving against TPG Stock

0.81	BRACU	Broad Capital Acquisition	Pair Corr
0.68	RC	Ready Capital Corp	Pair Corr
0.52	PFTAU	Portage Fintech Acqu	Pair Corr
0.43	EMCGU	Embrace Change Acqui	Pair Corr
0.38	EMCGR	Embrace Change Acqui	Pair Corr
0.31	TETEW	Technology Telecommunicatio	Pair Corr
0.84	BRKHU	BurTech Acquisition Corp	Pair Corr
0.41	DISTW	Distoken Acquisition	Pair Corr
0.74	TWO	Two Harbors Investments	Pair Corr
0.67	ARI	Apollo Commercial Real	Pair Corr

Related Correlations Analysis

	ARES	PAX	APO	CION	KKR	BX	CGBD	CG	BAM	OWL
ARES		0.75	0.93	-0.06	0.93	0.91	0.4	0.97	0.93	0.98	ARES
PAX	0.75		0.83	-0.35	0.87	0.88	-0.13	0.77	0.81	0.72	PAX
APO	0.93	0.83		-0.33	0.98	0.94	0.17	0.95	0.95	0.94	APO
CION	-0.06	-0.35	-0.33		-0.29	-0.3	0.7	-0.14	-0.34	-0.11	CION
KKR	0.93	0.87	0.98	-0.29		0.97	0.14	0.93	0.95	0.91	KKR
BX	0.91	0.88	0.94	-0.3	0.97		0.11	0.9	0.94	0.89	BX
CGBD	0.4	-0.13	0.17	0.7	0.14	0.11		0.35	0.14	0.4	CGBD
CG	0.97	0.77	0.95	-0.14	0.93	0.9	0.35		0.94	0.98	CG
BAM	0.93	0.81	0.95	-0.34	0.95	0.94	0.14	0.94		0.91	BAM
OWL	0.98	0.72	0.94	-0.11	0.91	0.89	0.4	0.98	0.91		OWL
	ARES	PAX	APO	CION	KKR	BX	CGBD	CG	BAM	OWL

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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

OWL	+ 0.98	ARES
KKR	+ 0.98	APO
OWL	+ 0.98	CG
CG	+ 0.97	ARES
BX	+ 0.97	KKR
CG	+ 0.95	APO

High negative correlations

CION	- 0.35	PAX
BAM	- 0.34	CION
CION	- 0.33	APO
BX	- 0.3	CION
KKR	- 0.29	CION
CG	- 0.14	CION

Risk-Adjusted Indicators

There is a big difference between TPG Stock performing well and TPG 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 TPG'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
ARES	1.28	0.15	0.11	0.24	1.34	(1.37)	2.98	(2.55)	7.35
PAX	1.23	(0.08)	(0.05)	0.05	1.38	(1.37)	2.40	(2.40)	8.14
APO	1.54	0.43	0.40	0.35	0.89	(2.04)	4.26	(2.19)	12.83
CION	0.74	(0.10)	0.00	(0.01)	0.00	0.00	1.41	(1.53)	5.86
KKR	1.31	0.20	0.25	0.23	0.96	(1.62)	3.05	(1.76)	11.31
BX	1.31	0.30	0.25	0.34	0.94	(1.52)	3.21	(2.21)	9.25
CGBD	0.81	0.06	(0.04)	0.43	0.97	(0.84)	1.50	(1.47)	4.68
CG	1.58	0.19	0.19	0.22	1.36	(1.87)	4.10	(2.22)	13.11
BAM	1.08	0.41	0.41	0.60	0.26	(1.33)	3.43	(1.40)	6.25
OWL	1.63	0.27	0.20	0.27	1.56	(1.89)	3.66	(2.80)	12.59

TPG Corporate Management

Doug Bouquard	Partner	Profile
Sean Berg	Chief Officer	Profile
Ayanna Clunis	Partner Operations	Profile
Bradford JD	General Secretary	Profile
Martin CPA	Chief Officer	Profile
Simit Batra	Principal	Profile
Bradford Berenson	General Secretary	Profile

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