Triumph Correlations

Stocks . USA . 
Stock . Triumph Group
TGI Stock  USD 26.01  0.16  0.62%   
The current 90-days correlation between Triumph Group and AAR Corp is 0.05 (i.e., Significant diversification). The correlation of Triumph 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.

Triumph Correlation With Market

Modest diversification

The correlation between Triumph Group and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triumph Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Triumph Stock
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triumph Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Triumph Stock

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Moving against Triumph Stock

  0.52SATLW Satellogic WarrantPairCorr
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  0.62POWW Ammo IncPairCorr
  0.6MNTS MomentusPairCorr
  0.41LOAR Loar HoldingsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Triumph Stock performing well and Triumph 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 Triumph'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.

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