Data Knights Correlations
| DKDCWDelisted Stock | USD 0.02 0.00 0.00% |
The current 90-days correlation between Data Knights Acquisition and Dune Acquisition is -0.08 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Data Knights Correlation With Market
Significant diversification
The correlation between Data Knights Acquisition and DJI is 0.03 (i.e., Significant 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.
Data |
Moving together with Data Stock
| 0.7 | GOEVW | Canoo Holdings | PairCorr |
| 0.73 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.73 | KO | Coca Cola Sell-off Trend | PairCorr |
Moving against Data Stock
| 0.77 | PCTTW | PureCycle Technologies | PairCorr |
| 0.65 | ATCOL | Atlas Corp | PairCorr |
| 0.53 | GCMGW | GCM Grosvenor | PairCorr |
| 0.45 | ASTSW | AST SpaceMobile | PairCorr |
| 0.68 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.68 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.63 | WMT | Walmart Aggressive Push | PairCorr |
| 0.62 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.61 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.58 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.57 | T | ATT Inc Aggressive Push | PairCorr |
| 0.44 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.44 | HD | Home Depot Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.28 | 0.07 | 0.16 | -0.2 | DUNEW | ||
| -0.28 | -0.35 | -0.53 | 0.29 | PUCKW | ||
| 0.07 | -0.35 | 0.78 | -0.06 | DKDCA | ||
| 0.16 | -0.53 | 0.78 | -0.21 | BREZW | ||
| -0.2 | 0.29 | -0.06 | -0.21 | AMAOW | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DUNEW | 17.12 | 5.43 | 0.31 | (1.18) | 11.95 | 40.19 | 198.66 | |||
| PUCKW | 14.74 | 1.11 | 0.07 | 0.32 | 17.23 | 33.33 | 120.29 | |||
| DKDCA | 0.21 | 0.02 | (0.16) | 0.29 | 0.00 | 0.56 | 1.74 | |||
| BREZW | 12.53 | 3.64 | 0.20 | (12.09) | 12.16 | 36.36 | 100.36 | |||
| AMAOW | 31.22 | 10.56 | 0.30 | (1.03) | 24.70 | 88.68 | 345.29 |
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.
| 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.