Takung Art Correlations
| TKATDelisted Stock | USD 0.23 0.07 23.33% |
The current 90-days correlation between Takung Art and Oriental Culture Holding is 0.05 (i.e., Significant diversification). The correlation of Takung Art 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.
Takung Art Correlation With Market
Significant diversification
The correlation between Takung Art Co and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Takung Art Co and DJI in the same portfolio, assuming nothing else is changed.
Takung |
Moving together with Takung Stock
| 0.85 | PTAIF | PT Astra International | PairCorr |
| 0.69 | PTAIY | Astra International Tbk | PairCorr |
| 0.61 | BKRKF | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.8 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.69 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.81 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.78 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.79 | JNJ | Johnson Johnson | PairCorr |
| 0.79 | AA | Alcoa Corp | PairCorr |
| 0.66 | TRV | The Travelers Companies | PairCorr |
| 0.88 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.63 | VZ | Verizon Communications | PairCorr |
Moving against Takung Stock
| 0.87 | BA | Boeing | PairCorr |
| 0.77 | MNPR | Monopar Therapeutics | PairCorr |
| 0.72 | WMT | Walmart Aggressive Push | PairCorr |
| 0.72 | AXP | American Express | PairCorr |
| 0.61 | MMM | 3M Company | PairCorr |
| 0.56 | EC | Ecopetrol SA ADR Buyout Trend | PairCorr |
| 0.42 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.42 | IBM | International Business Upward Rally | PairCorr |
Related Correlations Analysis
| 0.46 | -0.42 | 0.24 | -0.41 | OCG | ||
| 0.46 | -0.57 | 0.33 | -0.5 | DLPN | ||
| -0.42 | -0.57 | -0.21 | 0.24 | YVR | ||
| 0.24 | 0.33 | -0.21 | -0.19 | HOFV | ||
| -0.41 | -0.5 | 0.24 | -0.19 | WKEY | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Takung Stock performing well and Takung Art 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 Takung Art'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OCG | 4.56 | (0.18) | 0.00 | (0.15) | 0.00 | 10.14 | 36.71 | |||
| DLPN | 3.60 | (0.39) | 0.00 | (8.18) | 0.00 | 9.24 | 22.82 | |||
| YVR | 3.20 | 0.12 | 0.01 | 0.42 | 3.68 | 12.50 | 34.29 | |||
| HOFV | 5.63 | (0.11) | 0.00 | 2.77 | 0.00 | 17.50 | 42.21 | |||
| WKEY | 12.58 | 3.75 | 0.34 | (2.04) | 8.79 | 36.67 | 163.77 |
Takung Art 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 Takung Art stock to make a market-neutral strategy. Peer analysis of Takung Art could also be used in its relative valuation, which is a method of valuing Takung Art by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Takung Art Co?
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.