Tucows Correlations
| TCX Stock | USD 23.70 1.91 8.77% |
The current 90-days correlation between Tucows Inc and Diamond Hill Investment is 0.41 (i.e., Very weak diversification). The correlation of Tucows 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.
Tucows Correlation With Market
Very weak diversification
The correlation between Tucows Inc and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tucows Inc and DJI in the same portfolio, assuming nothing else is changed.
Tucows |
Moving together with Tucows Stock
| 0.63 | FAASW | DigiAsia Corp Symbol Change | PairCorr |
| 0.77 | FLYW | Flywire Corp | PairCorr |
| 0.65 | DOX | Amdocs Fiscal Year End 5th of November 2024 | PairCorr |
Moving against Tucows Stock
| 0.42 | VRAR | Glimpse Group | PairCorr |
| 0.4 | DTSS | Datasea | PairCorr |
| 0.5 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.34 | NET | Cloudflare | PairCorr |
| 0.34 | XNET | Xunlei Ltd Adr | PairCorr |
Related Correlations Analysis
| 0.56 | 0.34 | 0.87 | 0.75 | NVEE | ||
| 0.56 | 0.82 | 0.42 | 0.87 | DHIL | ||
| 0.34 | 0.82 | 0.23 | 0.76 | MLAB | ||
| 0.87 | 0.42 | 0.23 | 0.63 | WINA | ||
| 0.75 | 0.87 | 0.76 | 0.63 | INBK | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Tucows Stock performing well and Tucows 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 Tucows' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVEE | 1.27 | (0.13) | 0.00 | (0.03) | 0.00 | 2.57 | 8.01 | |||
| DHIL | 1.24 | (0.03) | (0.01) | 0.04 | 1.31 | 2.68 | 8.24 | |||
| MLAB | 2.78 | 0.05 | 0.05 | 0.08 | 2.81 | 7.77 | 18.33 | |||
| WINA | 1.74 | (0.06) | (0.02) | 0.02 | 1.98 | 3.79 | 11.56 | |||
| INBK | 2.46 | 0.15 | 0.09 | 0.13 | 2.46 | 5.40 | 16.06 |
Tucows Corporate Management
| David Woroch | Executive VP of Wholesale | Profile | |
| Ivan Ivanov | Chief Officer | Profile | |
| Jenn Didine | Vice People | Profile | |
| Michael Koenig | Chief Officer | Profile | |
| Thorsten Einig | Managing Europe | Profile |