Taoping Correlations

TAOP Stock

USD 1.39 0.01 0.72%

The current 90-days correlation between Taoping and Wearable Devices is 0.18 (i.e., Average diversification). The correlation of Taoping 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.

Taoping Correlation With Market

Average diversification

The correlation between Taoping and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taoping and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Taoping Stock

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

To learn how to invest in Taoping Stock, please use our How to Invest in Taoping guide.

Moving together with Taoping Stock

0.77	CD	Chaince Digital Holdings Symbol Change	Pair Corr
0.62	KD	Kyndryl Holdings	Pair Corr
0.73	DUG	DUG Technology	Pair Corr
0.72	002642	Ronglian Group	Pair Corr
0.84	ETHZ	ETHZilla Symbol Change	Pair Corr
0.81	BEO	Beonic	Pair Corr
0.71	WYFI	WhiteFiber, Ordinary	Pair Corr
0.67	BAH	Booz Allen Hamilton	Pair Corr
0.72	300002	Beijing Ultrapower	Pair Corr
0.71	GLE	Global Engine Group	Pair Corr
0.62	ALYA	Alithya Group inc	Pair Corr
0.72	UIS	Unisys	Pair Corr

Moving against Taoping Stock

0.74	301218	Zhejiang Whyis Technology	Pair Corr
0.74	EPAM	EPAM Systems	Pair Corr
0.54	ACN	Accenture plc	Pair Corr
0.38	DXC	DXC Technology	Pair Corr
0.36	300605	HengFeng Information	Pair Corr
0.71	INFY	Infosys Ltd ADR	Pair Corr
0.55	WIT	Wipro Limited ADR	Pair Corr
0.54	IBM	International Business	Pair Corr
0.52	IBM	International Business	Pair Corr
0.47	SPA	1Spatial PLC	Pair Corr
0.35	WYY	Widepoint C	Pair Corr

Related Correlations Analysis

	WLDS	MAPS	TRUG	FRGT	MYPS	AUUD	CETX	IMTE	OLB	GMTH
WLDS		0.76	0.85	0.87	0.79	0.94	0.74	0.87	0.79	0.47	WLDS
MAPS	0.76		0.78	0.72	0.85	0.81	0.65	0.7	0.74	0.57	MAPS
TRUG	0.85	0.78		0.93	0.94	0.85	0.85	0.89	0.85	0.63	TRUG
FRGT	0.87	0.72	0.93		0.89	0.87	0.87	0.93	0.91	0.72	FRGT
MYPS	0.79	0.85	0.94	0.89		0.85	0.82	0.82	0.82	0.72	MYPS
AUUD	0.94	0.81	0.85	0.87	0.85		0.78	0.86	0.85	0.64	AUUD
CETX	0.74	0.65	0.85	0.87	0.82	0.78		0.84	0.79	0.62	CETX
IMTE	0.87	0.7	0.89	0.93	0.82	0.86	0.84		0.83	0.61	IMTE
OLB	0.79	0.74	0.85	0.91	0.82	0.85	0.79	0.83		0.76	OLB
GMTH	0.47	0.57	0.63	0.72	0.72	0.64	0.62	0.61	0.76		GMTH
	WLDS	MAPS	TRUG	FRGT	MYPS	AUUD	CETX	IMTE	OLB	GMTH

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Risk-Adjusted Indicators

There is a big difference between Taoping Stock performing well and Taoping 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 Taoping'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
WLDS	5.43	(2.24)	0.00	(0.57)	0.00	0.00	10.47	(11.83)	53.88
MAPS	3.66	(0.49)	0.00	(0.26)	0.00	0.00	10.19	(6.90)	25.13
TRUG	5.80	(1.70)	0.00	(0.58)	0.00	0.00	10.91	(11.63)	51.36
FRGT	4.99	(1.72)	0.00	(0.70)	0.00	0.00	6.70	(11.97)	55.36
MYPS	2.64	(0.63)	0.00	(0.28)	0.00	0.00	5.26	(7.94)	16.51
AUUD	4.28	(1.18)	0.00	(0.52)	0.00	0.00	9.76	(13.08)	30.68
CETX	9.79	(0.50)	0.00	(0.17)	0.00	0.00	15.44	(18.92)	165.95
IMTE	4.97	(0.70)	0.00	(0.53)	0.00	0.00	7.50	(8.87)	63.84
OLB	3.59	(0.96)	0.00	(0.34)	0.00	0.00	10.53	(7.87)	22.95
GMTH	23.33	3.99	0.14	0.94	23.13	(35.93)	90.68	(36.45)	186.45

Taoping Corporate Management

Liqiong Yan	Chief Officer	Profile
Yifu Liu	Ex VP	Profile
Huan Li	CMO Division	Profile
Junping Sun	Chief Investment Officer	Profile

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