Tilray Correlations
| TLRY Stock | CAD 9.48 -0.03 -0.32% |
The current 90-days correlation between Tilray Inc and Bausch Health Companies is 0.06 (i.e., Significant diversification).The rolling correlation of Tilray with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.
Market Correlation Signal - Tilray
Good diversification
For the present investment horizon, the measured correlation between TLRY and DJI stands at -0.11, or Good diversification. This matters because lower overlap can improve diversification, while higher overlap leaves more of the same risk inside the portfolio.
Tilray |
The correlation view summarizes how Tilray aligns with comparable exposures. Wash sale restrictions can apply to substantially identical replacements in some markets; this is general context only.
Moving against Tilray Stock
| 0.69 | OXY | Occidental Petroleum | PairCorr |
| 0.65 | NPI-PA | Northland Power Pref | PairCorr |
| 0.63 | WMS | Western Metallica | PairCorr |
| 0.61 | OPW | Opawica Explorations | PairCorr |
| 0.59 | RMO | Rainy Mountain Royalty | PairCorr |
| 0.59 | GCOM | Green Shift Commodities | PairCorr |
| 0.49 | SLF | Sun Life Financial | PairCorr |
| 0.47 | AVCR | Avricore Health | PairCorr |
| 0.46 | CRE | Critical Elements Lithium | PairCorr |
| 0.37 | VG | Volcanic Gold Mines | PairCorr |
| 0.35 | IQ | AirIQ Inc | PairCorr |
| 0.35 | VLI | Vision Lithium | PairCorr |
| 0.33 | GBU | Gabriel Resources | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
Strong stock returns do not always mean Tilray Company is outperforming its peers on a fundamental level. A thorough review of Tilray's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHC | 1.97 | -0.41 | 0.00 | -0.33 | 0.00 | 3.60 | 15.61 | |||
| CURA | 4.92 | 0.16 | 0.03 | -0.56 | 6.73 | 9.73 | 69.89 | |||
| CRON | 2.09 | 0.06 | 0.03 | 0.08 | 2.39 | 4.53 | 21.52 | |||
| LFST | 5.56 | -0.20 | 0.00 | 0.22 | 0.00 | 14.29 | 57.27 | |||
| WEED | 3.69 | 0.08 | 0.04 | -0.15 | 4.12 | 6.62 | 65.32 |
Be your own money manager
A disciplined portfolio workflow around Tilray Inc should test whether the position strengthens diversification, return efficiency, and overall portfolio fit. The better process compares expected return, volatility, and correlation before the position is increased or introduced.
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Tilray Corporate Executives
Looking at the leadership structure of Tilray Inc helps investors understand who sets direction, approves budgets, and monitors management performance. The stronger read distinguishes insiders who manage operations from outside directors who are expected to provide independent oversight.
| Bryan Nolt | Founder Distillery | Profile |