Twitter Related Correlations

Summary

TWTRDelisted Stock

USD 53.70 0.21 0.39%

Generate correlation matrix for Twitter and other related equities to check the degree to which Twitter price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Twitter. To filter out specific equities, please toggle its corresponding legend item. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

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Please note, there is a significant difference between Twitter's value and its price as these two are different measures arrived at by different means. Investors typically determine if Twitter is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Twitter's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	APAM	STZ	WM	VINE	SCSC	OWL
APAM		0.69	0.78	-0.43	0.74	0.79	APAM
STZ	0.69		0.64	-0.54	0.41	0.54	STZ
WM	0.78	0.64		-0.52	0.83	0.88	WM
VINE	-0.43	-0.54	-0.52		-0.19	-0.49	VINE
SCSC	0.74	0.41	0.83	-0.19		0.75	SCSC
OWL	0.79	0.54	0.88	-0.49	0.75		OWL
	APAM	STZ	WM	VINE	SCSC	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	+ 0.88	WM
SCSC	+ 0.83	WM
OWL	+ 0.79	APAM
WM	+ 0.78	APAM
OWL	+ 0.75	SCSC
SCSC	+ 0.74	APAM

High negative correlations

VINE	- 0.54	STZ
VINE	- 0.52	WM
OWL	- 0.49	VINE
VINE	- 0.43	APAM
SCSC	- 0.19	VINE

Risk-Adjusted Indicators

There is a big difference between Twitter Stock performing well and Twitter 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 Twitter'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
APAM	1.36	(0.05)	0.01	0.04	1.60	(1.53)	2.74	(2.63)	9.65
STZ	0.79	(0.03)	(0.04)	0.03	1.01	(0.80)	1.87	(1.42)	5.38
WM	0.54	0.19	0.25	(13.53)	0.07	(0.71)	1.22	(0.85)	7.55
VINE	3.90	(0.45)	0.00	(5.04)	0.00	0.00	7.58	(8.33)	26.36
SCSC	1.41	0.07	0.06	0.11	1.51	(1.65)	2.92	(2.43)	8.80
OWL	1.26	0.28	0.23	0.28	0.92	(1.44)	3.73	(1.88)	9.12

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Twitter Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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