TPG Correlations

TPG Stock

USD 66.90 1.87 2.72%

The current 90-days correlation between TPG Inc and T Rowe Price is 0.61 (i.e., Poor diversification). The correlation of TPG 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.

TPG Correlation With Market

Very weak diversification

The correlation between TPG Inc and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TPG Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TPG Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TPG Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with TPG Stock

0.61

PRIM

Primorus Investments plc

Pair Corr

Moving against TPG Stock

0.62	MEC	Morphic Ethical Equities	Pair Corr
0.62	KUR-H	Kure Technologies	Pair Corr
0.59	IPX	Impax Asset Management	Pair Corr
0.48	WI	Western Investment	Pair Corr
0.33	SOLI-P	Solid Impact Investments	Pair Corr
0.54	TAM	Tatton Asset Management	Pair Corr
0.38	PHI	Pacific Horizon Inve	Pair Corr

Related Correlations Analysis

	TROW	CG	NTRS	OWL	CRBG	BAP	NMR	L	RF	KEY
TROW		0.58	0.48	0.66	0.64	0.54	0.34	-0.37	0.45	0.45	TROW
CG	0.58		0.37	0.91	0.79	0.52	0.16	-0.66	0.67	0.48	CG
NTRS	0.48	0.37		0.28	0.28	0.76	0.82	0.15	0.83	0.9	NTRS
OWL	0.66	0.91	0.28		0.83	0.51	0.14	-0.79	0.56	0.42	OWL
CRBG	0.64	0.79	0.28	0.83		0.4	-0.04	-0.72	0.37	0.28	CRBG
BAP	0.54	0.52	0.76	0.51	0.4		0.71	-0.23	0.79	0.84	BAP
NMR	0.34	0.16	0.82	0.14	-0.04	0.71		0.29	0.74	0.86	NMR
L	-0.37	-0.66	0.15	-0.79	-0.72	-0.23	0.29		-0.09	0.05	L
RF	0.45	0.67	0.83	0.56	0.37	0.79	0.74	-0.09		0.93	RF
KEY	0.45	0.48	0.9	0.42	0.28	0.84	0.86	0.05	0.93		KEY
	TROW	CG	NTRS	OWL	CRBG	BAP	NMR	L	RF	KEY

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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

KEY	+ 0.93	RF
OWL	+ 0.91	CG
KEY	+ 0.9	NTRS
KEY	+ 0.86	NMR
KEY	+ 0.84	BAP
RF	+ 0.83	NTRS

High negative correlations

L	- 0.79	OWL
L	- 0.72	CRBG
L	- 0.66	CG
L	- 0.37	TROW
L	- 0.23	BAP
RF	- 0.09	L

Risk-Adjusted Indicators

There is a big difference between TPG Stock performing well and TPG 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 TPG'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
TROW	0.94	(0.08)	(0.04)	0.00	1.51	(0.85)	2.33	(1.93)	8.10
CG	1.69	(0.33)	0.00	(0.10)	0.00	0.00	2.85	(4.05)	9.78
NTRS	1.03	0.02	0.03	0.08	1.53	(1.04)	1.86	(2.63)	6.90
OWL	2.16	(0.34)	0.00	(0.13)	0.00	0.00	4.03	(5.02)	11.58
CRBG	1.51	(0.20)	0.00	(0.06)	0.00	0.00	2.85	(4.11)	8.24
BAP	1.18	0.04	0.01	0.12	1.60	(1.24)	2.58	(2.39)	8.66
NMR	1.24	0.09	0.06	0.13	1.65	(1.47)	2.47	(2.24)	7.88
L	0.70	0.06	0.02	0.24	0.86	(0.66)	1.39	(1.60)	3.77
RF	1.10	(0.05)	(0.01)	0.03	1.62	(1.16)	2.47	(2.23)	8.07
KEY	1.16	0.05	0.04	0.11	1.65	(1.24)	2.71	(1.91)	7.84

TPG Corporate Management

Doug Bouquard	Partner	Profile
Sean Berg	Chief Officer	Profile
Ayanna Clunis	Partner Operations	Profile
Bradford JD	General Secretary	Profile
Martin CPA	Chief Officer	Profile
Simit Batra	Principal	Profile
Bradford Berenson	General Secretary	Profile

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