Data Knights Correlations

Summary

DKDCADelisted Stock

USD 11.05 0.00 0.00%

The current 90-days correlation between Data Knights Acquisition and Genesis Unicorn Capital is 0.11 (i.e., Average diversification). The correlation of Data Knights 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.

Data Knights Correlation With Market

Average diversification

The correlation between Data Knights Acquisition and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data Knights Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Data Stock

0.74	HD	Home Depot	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr
0.79	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.82	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.78	DIS	Walt Disney	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.72	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.78	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Data Stock

0.79	MULN	Mullen Automotive	Pair Corr
0.79	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.71	SGD	Safe and Green	Pair Corr
0.64	QLGN	Qualigen Therapeutics Trending	Pair Corr
0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.58	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	OPA	CPAA	GENQ	ITAQ	DTOC	LGVC	AURC	ADEX	ACAX	DALS
OPA		0.83	0.13	0.55	0.65	0.01	0.74	-0.76	0.48	0.83	OPA
CPAA	0.83		0.27	0.66	0.79	0.07	0.83	-0.82	0.41	0.88	CPAA
GENQ	0.13	0.27		0.02	0.05	0.0	0.29	-0.18	0.22	0.2	GENQ
ITAQ	0.55	0.66	0.02		0.68	0.12	0.42	-0.62	0.12	0.61	ITAQ
DTOC	0.65	0.79	0.05	0.68		0.26	0.61	-0.59	0.04	0.76	DTOC
LGVC	0.01	0.07	0.0	0.12	0.26		0.05	-0.13	-0.04	0.18	LGVC
AURC	0.74	0.83	0.29	0.42	0.61	0.05		-0.63	0.56	0.8	AURC
ADEX	-0.76	-0.82	-0.18	-0.62	-0.59	-0.13	-0.63		-0.54	-0.73	ADEX
ACAX	0.48	0.41	0.22	0.12	0.04	-0.04	0.56	-0.54		0.42	ACAX
DALS	0.83	0.88	0.2	0.61	0.76	0.18	0.8	-0.73	0.42		DALS
	OPA	CPAA	GENQ	ITAQ	DTOC	LGVC	AURC	ADEX	ACAX	DALS

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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

DALS	+ 0.88	CPAA
CPAA	+ 0.83	OPA
DALS	+ 0.83	OPA
AURC	+ 0.83	CPAA
DALS	+ 0.8	AURC
DTOC	+ 0.79	CPAA

High negative correlations

ADEX	- 0.82	CPAA
ADEX	- 0.76	OPA
DALS	- 0.73	ADEX
ADEX	- 0.63	AURC
ADEX	- 0.62	ITAQ
ADEX	- 0.59	DTOC

Risk-Adjusted Indicators

There is a big difference between Data Stock performing well and Data Knights 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 Data Knights' 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
OPA	0.23	0.03	(0.13)	1.49	0.36	(0.40)	0.58	(0.29)	4.86
CPAA	0.07	0.01	(0.88)	(3.19)	0.00	(0.12)	0.20	(0.10)	0.30
GENQ	0.23	(0.04)	0.00	0.54	0.00	0.00	0.28	(0.83)	2.46
ITAQ	0.18	0.03	(0.25)	(0.24)	0.11	(0.46)	0.67	(0.47)	2.30
DTOC	0.14	0.03	(0.19)	2.93	0.00	(0.40)	0.58	(0.20)	1.65
LGVC	0.37	0.01	(0.09)	(0.11)	0.73	(0.68)	0.67	(0.66)	9.80
AURC	0.21	0.02	(0.08)	0.34	0.28	(0.61)	0.49	(0.39)	4.15
ADEX	4.50	(0.93)	0.00	(0.31)	0.00	0.00	13.24	(13.02)	50.45
ACAX	0.49	0.02	(0.02)	0.31	1.27	(1.53)	0.48	(0.29)	13.40
DALS	0.16	0.00	(0.40)	0.29	0.12	(0.27)	0.49	(0.29)	1.18

Data Knights Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Data Knights stock to make a market-neutral strategy. Peer analysis of Data Knights could also be used in its relative valuation, which is a method of valuing Data Knights by comparing valuation metrics with similar companies.

Magnum Opus Acquisition Conyers Park III Genesis Unicorn Capital Industrial Tech Acquisitions Digital Transformation Opportunities LAMF Global Ventures Aurora Acquisition Corp Adit EdTech Acquisition Alset Capital Acquisition Da32 Life Science Ault Disruptive Technologies American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Still Interested in Data Knights Acquisition?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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