Trellus Health Correlations
| TRLS Stock | 0.57 0.00 0.00% |
The current 90-days correlation between Trellus Health plc and Berkshire Hathaway is -0.22 (i.e., Very good diversification). The correlation of Trellus Health 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.
Trellus Health Correlation With Market
Significant diversification
The correlation between Trellus Health plc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trellus Health plc and DJI in the same portfolio, assuming nothing else is changed.
Trellus |
The ability to find closely correlated positions to Trellus Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trellus Health 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 Trellus Health - 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 Trellus Health plc to buy it.
Moving together with Trellus Stock
| 0.81 | SMSD | Samsung Electronics | PairCorr |
| 0.82 | SMSN | Samsung Electronics | PairCorr |
| 0.72 | HYUD | Hyundai Motor | PairCorr |
| 0.87 | RIGD | Reliance Industries | PairCorr |
| 0.77 | AXB | Axis Bank | PairCorr |
| 0.63 | RIO | Rio Tinto PLC | PairCorr |
Moving against Trellus Stock
| 0.77 | 0LAI | Summit Materials | PairCorr |
| 0.73 | 0HJI | Automatic Data Processing | PairCorr |
| 0.69 | RR | Rolls Royce Holdings | PairCorr |
| 0.69 | HSBA | HSBC Holdings PLC | PairCorr |
| 0.68 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.68 | MNKS | Monks Investment Trust | PairCorr |
| 0.62 | HSBK | Halyk Bank | PairCorr |
| 0.6 | QBT | Quantum Blockchain | PairCorr |
| 0.58 | IDHC | Integrated Diagnostics | PairCorr |
| 0.58 | 0R1O | Amazon Inc | PairCorr |
| 0.55 | 0N7I | Cairo Communication SpA | PairCorr |
| 0.54 | III | 3I Group PLC | PairCorr |
| 0.52 | SBID | State Bank | PairCorr |
| 0.51 | SSON | Smithson Investment Trust | PairCorr |
| 0.5 | DOM | Dominos Pizza Group | PairCorr |
| 0.47 | GTCO | Guaranty Trust Holding | PairCorr |
| 0.46 | LABS | Life Science REIT | PairCorr |
| 0.43 | 70GD | 70GD | PairCorr |
| 0.32 | TYT | Toyota Motor Corp | PairCorr |
| 0.74 | 0P5L | Axway Software SA | PairCorr |
| 0.72 | GAW | Games Workshop Group | PairCorr |
| 0.72 | WISE | Wise plc | PairCorr |
| 0.71 | 0I9F | Digital Realty Trust | PairCorr |
| 0.7 | BGEO | Bank of Georgia | PairCorr |
| 0.69 | 0HOY | Boston Scientific Corp | PairCorr |
| 0.66 | CLCO | Cloudcoco Group PLC | PairCorr |
| 0.65 | 0R3C | American Express | PairCorr |
| 0.64 | GST | GSTechnologies | PairCorr |
| 0.64 | SMDS | DS Smith PLC | PairCorr |
| 0.63 | DEC | Diversified Energy | 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 Trellus Stock performing well and Trellus Health 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 Trellus Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0R37 | 0.59 | (0.01) | (0.07) | (0.18) | 0.70 | 1.24 | 5.54 | |||
| HYUD | 1.85 | (0.31) | 0.00 | (0.55) | 0.00 | 3.67 | 11.89 | |||
| SMSD | 1.69 | (0.36) | 0.00 | 1.38 | 0.00 | 3.81 | 10.50 | |||
| SMSN | 1.74 | (0.34) | 0.00 | 3.33 | 0.00 | 3.19 | 13.39 | |||
| 0QKN | 0.69 | (0.14) | 0.00 | (5.00) | 0.00 | 1.22 | 3.63 | |||
| 0M69 | 5.32 | 1.06 | 0.00 | (0.81) | 0.00 | 0.46 | 107.82 | |||
| HSBK | 1.10 | 0.18 | 0.08 | (2.54) | 1.18 | 2.85 | 9.02 | |||
| 0R15 | 2.24 | 0.28 | 0.08 | 36.23 | 2.61 | 5.13 | 13.83 | |||
| 0QFP | 3.41 | 0.93 | 0.00 | (2.02) | 0.00 | 0.00 | 166.83 | |||
| 0RUK | 0.66 | 0.02 | 0.00 | (1.71) | 0.00 | 0.00 | 21.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Trellus Health 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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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Trellus Health Corporate Management
Elected by the shareholders, the Trellus Health's board of directors comprises two types of representatives: Trellus Health inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Trellus. The board's role is to monitor Trellus Health's management team and ensure that shareholders' interests are well served. Trellus Health's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Trellus Health's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joy BA | Chief Officer | Profile | |
| AlJabbar Riddle | Chief Officer | Profile | |
| Leah MBA | Head Board | Profile | |
| Jamey Hancock | Chief Officer | Profile |