Trugolf Correlations

TRUG Stock

0.91 0.03 3.19%

The current 90-days correlation between Trugolf and Freight Technologies is 0.05 (i.e., Significant diversification). The correlation of Trugolf 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.

Trugolf Correlation With Market

Modest diversification

The correlation between Trugolf and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trugolf and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Trugolf Stock

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

For more detail on how to invest in Trugolf Stock please use our How to Invest in Trugolf guide.

Moving together with Trugolf Stock

0.91	SE	Sea	Pair Corr
0.67	DOYU	DouYu International	Pair Corr
0.91	GCL	GCL Global Holdings Earnings Call Tomorrow	Pair Corr
0.8	WKS	Winking Studios	Pair Corr
0.9	GIGM	Giga Media	Pair Corr
0.89	GMHS	Gamehaus Holdings Class	Pair Corr
0.85	GRVY	Gravity	Pair Corr
0.65	002517	Kingnet Network	Pair Corr
0.77	GXAI	Gaxosai	Pair Corr
0.7	HUYA	HUYA Inc	Pair Corr
0.81	002261	Talkweb Information	Pair Corr
0.73	TBLD	Tinybuild	Pair Corr
0.9	BET	NorthStar Gaming Holdings	Pair Corr
0.88	NCTY	The9 Ltd ADR	Pair Corr
0.87	NTES	NetEase	Pair Corr
0.82	300533	Shenzhen Bingchuan	Pair Corr
0.78	BRAG	Bragg Gaming Group	Pair Corr
0.75	GOOD	Aquarius AI Split	Pair Corr
0.89	RBLX	Roblox Corp	Pair Corr
0.84	SKLZ	Skillz Platform	Pair Corr
0.83	BHAT	Blue Hat Interactive	Pair Corr
0.82	BRAG	Bragg Gaming Group	Pair Corr

Moving against Trugolf Stock

0.79	WBD	Warner Bros Discovery Aggressive Push	Pair Corr
0.73	FDEV	Frontier Developments Plc	Pair Corr
0.71	EA	Electronic Arts	Pair Corr
0.33	SP8	Streamplay Studio	Pair Corr
0.87	AAPL	Apple Inc	Pair Corr
0.85	GOOG	Alphabet Class C	Pair Corr
0.58	BMYMP	Bristol Myers Squibb	Pair Corr
0.49	AVGO	Broadcom	Pair Corr

Related Correlations Analysis

	MYPS	FRGT	TAOP	AUUD	WLDS	MAPS	IMTE	CETX	GDEV	TGL
MYPS		0.91	0.73	0.86	0.73	0.91	0.84	0.71	0.48	0.71	MYPS
FRGT	0.91		0.79	0.89	0.81	0.84	0.9	0.73	0.55	0.77	FRGT
TAOP	0.73	0.79		0.88	0.84	0.81	0.78	0.72	0.46	0.77	TAOP
AUUD	0.86	0.89	0.88		0.88	0.89	0.9	0.78	0.49	0.81	AUUD
WLDS	0.73	0.81	0.84	0.88		0.8	0.82	0.86	0.31	0.77	WLDS
MAPS	0.91	0.84	0.81	0.89	0.8		0.82	0.76	0.4	0.71	MAPS
IMTE	0.84	0.9	0.78	0.9	0.82	0.82		0.74	0.53	0.79	IMTE
CETX	0.71	0.73	0.72	0.78	0.86	0.76	0.74		0.04	0.74	CETX
GDEV	0.48	0.55	0.46	0.49	0.31	0.4	0.53	0.04		0.44	GDEV
TGL	0.71	0.77	0.77	0.81	0.77	0.71	0.79	0.74	0.44		TGL
	MYPS	FRGT	TAOP	AUUD	WLDS	MAPS	IMTE	CETX	GDEV	TGL

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Risk-Adjusted Indicators

There is a big difference between Trugolf Stock performing well and Trugolf 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 Trugolf'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
MYPS	2.51	(0.64)	0.00	(0.26)	0.00	0.00	5.17	(7.94)	16.51
FRGT	4.93	(1.50)	0.00	(0.56)	0.00	0.00	6.70	(12.75)	48.13
TAOP	4.71	(0.74)	0.00	(0.53)	0.00	0.00	10.00	(11.31)	51.37
AUUD	4.21	(1.04)	0.00	(0.47)	0.00	0.00	7.93	(13.08)	30.68
WLDS	6.44	(2.60)	0.00	(0.64)	0.00	0.00	13.33	(12.74)	53.88
MAPS	3.42	(0.25)	0.00	(0.07)	0.00	0.00	6.17	(5.68)	24.80
IMTE	5.21	(0.48)	0.00	(0.40)	0.00	0.00	8.64	(8.87)	63.84
CETX	9.35	(1.24)	0.00	(0.53)	0.00	0.00	15.19	(21.43)	165.95
GDEV	7.10	0.55	0.05	(0.35)	7.29	(9.45)	26.15	(13.63)	73.95
TGL	11.72	0.54	0.05	0.25	13.13	(14.58)	8.33	(22.25)	316.34

Trugolf Corporate Management

Steven Johnson	Chief Officer	Profile
Lindsay Jones	Chief Officer	Profile
Doug Bybee	Chief Officer	Profile
Brenner Adams	Chief Officer	Profile
Nathan Larsen	Chief Officer	Profile

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