TasFoods Correlations

TFL Stock

0.01 0 7.14%

The current 90-days correlation between TasFoods and Perpetual Credit Income is 0.26 (i.e., Modest diversification). The correlation of TasFoods 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.

TasFoods Correlation With Market

Modest diversification

The correlation between TasFoods and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TasFoods and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TasFoods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TasFoods 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 TasFoods - 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 TasFoods to buy it.

Moving together with TasFoods Stock

0.78	TSL	Titanium Sands	Pair Corr
0.78	RXL	Rox Resources	Pair Corr
0.88	IMI	Infinity Mining	Pair Corr

Moving against TasFoods Stock

0.85	NAB	National Australia Bank	Pair Corr
0.81	CBA	Commonwealth Bank	Pair Corr
0.62	EVO	Embark Education	Pair Corr
0.41	GFL	Global Masters	Pair Corr

Related Correlations Analysis

	ATM	CBAPM	CBA	CIA	PCI	GRE	TLM	TI1	TGN
ATM		-0.09	0.53	-0.33	-0.05	-0.47	0.15	0.0	-0.6	ATM
CBAPM	-0.09		0.18	-0.06	0.72	-0.54	-0.14	0.0	-0.24	CBAPM
CBA	0.53	0.18		-0.34	0.46	-0.72	0.04	0.0	-0.78	CBA
CIA	-0.33	-0.06	-0.34		-0.06	0.45	0.71	0.0	0.45	CIA
PCI	-0.05	0.72	0.46	-0.06		-0.6	-0.1	0.0	-0.43	PCI
GRE	-0.47	-0.54	-0.72	0.45	-0.6		0.15	0.0	0.67	GRE
TLM	0.15	-0.14	0.04	0.71	-0.1	0.15		0.0	0.11	TLM
TI1	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TI1
TGN	-0.6	-0.24	-0.78	0.45	-0.43	0.67	0.11	0.0		TGN
	ATM	CBAPM	CBA	CIA	PCI	GRE	TLM	TI1	TGN

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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

PCI	+ 0.72	CBAPM
TLM	+ 0.71	CIA
TGN	+ 0.67	GRE
CBA	+ 0.53	ATM
PCI	+ 0.46	CBA
GRE	+ 0.45	CIA

High negative correlations

TGN	- 0.78	CBA
GRE	- 0.72	CBA
GRE	- 0.6	PCI
TGN	- 0.6	ATM
GRE	- 0.54	CBAPM
GRE	- 0.47	ATM

Risk-Adjusted Indicators

There is a big difference between TasFoods Stock performing well and TasFoods 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 TasFoods' 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
ATM	0.15	0.02	0.00	(0.19)	0.00	0.00	0.00	0.00	5.78
CBAPM	0.32	0.00	0.05	0.06	0.38	(0.33)	0.75	(0.57)	2.12
CBA	0.86	0.10	0.10	0.17	1.00	(0.89)	1.94	(1.75)	4.28
CIA	1.61	(0.12)	0.00	(0.13)	0.00	0.00	2.70	(4.57)	10.41
PCI	0.97	0.08	0.07	1.96	0.99	(1.48)	2.70	(1.80)	5.52
GRE	4.16	(0.49)	0.00	0.28	0.00	0.00	11.11	(8.33)	30.95
TLM	4.34	0.08	0.01	0.61	5.05	(7.62)	12.50	(8.57)	36.04
TI1	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGN	3.17	(0.31)	0.00	0.26	0.00	0.00	9.09	(7.23)	44.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in TasFoods 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.

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TasFoods Corporate Executives

Elected by the shareholders, the TasFoods' board of directors comprises two types of representatives: TasFoods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TasFoods. The board's role is to monitor TasFoods' management team and ensure that shareholders' interests are well served. TasFoods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TasFoods' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Joshua Fletcher	CFO Secretary	Profile
	Shona Croucher	Company CFO	Profile

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