Torm PLC Correlations
| TRMD Stock | USD 38.22 1.31 3.55% |
The correlation of Torm PLC 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Torm PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Torm PLC Class 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.
Good diversification
The correlation between Torm PLC Class and NYA is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Torm PLC Class and NYA in the same portfolio, assuming nothing else is changed.
Torm |
The ability to find closely correlated positions to Torm PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Torm PLC 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 Torm PLC - 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 Torm PLC Class to buy it.
Moving together with Torm Stock
| 0.61 | AM | Antero Midstream Partners | PairCorr |
| 0.66 | ET | Energy Transfer LP | PairCorr |
| 0.73 | DLNG | Dynagas LNG Partners Financial Report 18th of June 2024 | PairCorr |
| 0.76 | ETRN | Equitrans Midstream Corp | PairCorr |
| 0.87 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
| 0.86 | DHT | DHT Holdings | PairCorr |
| 0.66 | DTM | DT Midstream | PairCorr |
| 0.65 | ENB | Enbridge | PairCorr |
| 0.87 | FRO | Frontline Earnings Call Next Week | PairCorr |
| 0.69 | GEL | Genesis Energy LP | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Torm Stock performing well and Torm PLC 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 Torm PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TNP | 1.34 | 0.26 | 0.13 | 0.64 | 1.36 | 3.11 | 8.09 | |||
| INSW | 1.16 | 0.28 | 0.14 | 0.61 | 1.36 | 2.29 | 8.97 | |||
| OSG | 1.36 | 0.17 | 0.04 | (0.76) | 1.54 | 3.47 | 8.22 | |||
| ASC | 1.50 | 0.45 | 0.22 | 1.73 | 1.30 | 3.54 | 15.86 | |||
| EURN | 1.16 | 0.19 | 0.04 | (0.61) | 1.72 | 2.66 | 11.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Torm PLC 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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Torm PLC Corporate Management
Elected by the shareholders, the Torm PLC's board of directors comprises two types of representatives: Torm PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Torm. The board's role is to monitor Torm PLC's management team and ensure that shareholders' interests are well served. Torm PLC'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, Torm PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lars Christensen | Senior Projects | Profile | |
| Jacob Meldgaard | CEO Director | Profile | |
| Mikael Larsen | Head Relations | Profile | |
| Jesper Jensen | Senior Division | Profile | |
| Morten Agdrup | VP Strategy | Profile | |
| Kim Balle | Chief Officer | Profile |
Already Invested in Torm PLC Class?
The danger of trading Torm PLC Class 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 Torm PLC 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 Torm PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Torm PLC Class 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.
When determining whether Torm PLC Class is a strong investment it is important to analyze Torm PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Torm PLC's future performance. For an informed investment choice regarding Torm Stock, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torm PLC Class. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Torm Stock analysis
When running Torm PLC's price analysis, check to measure Torm PLC'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 Torm PLC is operating at the current time. Most of Torm PLC's value examination focuses on studying past and present price action to predict the probability of Torm PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Torm PLC's price. Additionally, you may evaluate how the addition of Torm PLC to your portfolios can decrease your overall portfolio volatility.
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Is Torm PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Torm PLC. If investors know Torm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Torm PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.22) | Dividend Share 5.78 | Earnings Share 7.94 | Revenue Per Share 18.187 | Quarterly Revenue Growth (0.13) |
The market value of Torm PLC Class is measured differently than its book value, which is the value of Torm that is recorded on the company's balance sheet. Investors also form their own opinion of Torm PLC's value that differs from its market value or its book value, called intrinsic value, which is Torm PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Torm PLC's market value can be influenced by many factors that don't directly affect Torm PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Torm PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Torm PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Torm PLC'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.