Twitter Correlations

TWTR
 Stock
  

USD 53.70  0.21  0.39%   

The correlation of Twitter is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Twitter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Twitter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to Twitter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Twitter 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 Twitter - 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 Twitter to buy it.

Moving together with Twitter

+0.85IPGInterpublic GroupPairCorr
+0.66NWSANews Cp ClPairCorr
+0.87OMCOmnicom GroupPairCorr
+0.71SIRISirius XM HoldingsPairCorr

Moving against Twitter

-0.67SOHUSohu Inc ADRPairCorr
-0.65METAMeta PlatformsPairCorr
-0.59FENGPhoenix New MediaPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
OMCIPG
SIRIIPG
SIRIOMC
SIRINWSA
SHOPNWSA
NWSAIPG
  
High negative correlations   
SOHUOMC
SOHUIPG
NWSACNET
SIRICNET
GCICNET
SHOPCNET

Twitter Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Twitter Stock performing well and Twitter company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Twitter's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
CNET 4.26 (0.17)  0.00  1.32  0.00 (0.0356)  0.00  9.59 (8.91)  48.59 
GCI 3.69  0.05  0.02  0.09  3.81  0.0178 (4.85)  10.56 (5.71)  23.91 
IPG 1.68  0.23  0.14  0.26  1.53  0.12 (1.98)  3.53 (2.65)  7.76 
NWSA 1.69  0.02  0.01  0.08  1.96  0.0138 (1.84)  4.01 (3.06)  10.24 
OMC 1.42  0.15  0.11  0.22  1.29  0.09 (1.68)  3.25 (2.28)  7.39 
SIRI 1.02  0.06  0.00  8.22  1.32 (0.0045) (1.06)  2.32 (1.93)  7.02 
SOHU 2.29 (0.36)  0.00 (0.51)  0.00 (0.13)  0.00  3.95 (4.06)  17.44 
SHOP 3.65  0.13  0.05  0.12  3.88  0.0399 (3.80)  8.99 (6.48)  23.14 

Twitter Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Twitter stock to make a market-neutral strategy. Peer analysis of Twitter could also be used in its relative valuation, which is a method of valuing Twitter by comparing valuation metrics with similar companies.
Chinanet Online HoldingsGannettInterpublic GroupNews Cp ClOmnicom GroupSirius XM HoldingsSohu Inc ADRShopifyAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelone IncCVS Corp
 Risk & Return  Correlation

Twitter Corporate Directors

Twitter corporate directors refer to members of a Twitter board of directors. The board of directors generally takes responsibility for the Twitter's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Twitter's board members must vote for the resolution. The Twitter board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Martha Fox - Independent DirectorProfile
Robert Zoellick - Independent DirectorProfile
Evan Williams - DirectorProfile
Debra Lee - DirectorProfile

Invested in Twitter?

The danger of trading Twitter is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Twitter is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Twitter. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Twitter is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at World Market Map. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Tools for Twitter Stock

When running Twitter price analysis, check to measure Twitter's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Twitter is operating at the current time. Most of Twitter's value examination focuses on studying past and present price action to predict the probability of Twitter's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Twitter's price. Additionally, you may evaluate how the addition of Twitter to your portfolios can decrease your overall portfolio volatility.
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