Takkt AG Correlations

TTK Stock

EUR 8.05 0.29 3.48%

The current 90-days correlation between Takkt AG and Dave Busters Entertainment is 0.11 (i.e., Average diversification). The correlation of Takkt AG 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.

Takkt AG Correlation With Market

Good diversification

The correlation between Takkt AG and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Takkt AG and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Takkt AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Takkt AG when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Takkt AG - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Takkt AG to buy it.

Moving together with Takkt Stock

0.71	MTO	METTLER TOLEDO INTL	Pair Corr
0.7	MTO	METTLER TOLEDO INTL	Pair Corr
0.68	MTO	Mitie Group PLC	Pair Corr

Moving against Takkt Stock

0.88	AMZ	Amazon Inc	Pair Corr
0.87	ADH2	Air Canada	Pair Corr
0.65	MSF	Microsoft	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.41	APC	Apple Inc	Pair Corr
0.4	APC	Apple Inc	Pair Corr
0.38	APC	Apple Inc	Pair Corr
0.38	APC	Apple Inc	Pair Corr

Related Correlations Analysis

	LY1	9DB	P4Q	BME	RUZ	06L	US8	GG7
LY1		0.07	0.72	0.21	0.02	0.16	0.8	0.55	LY1
9DB	0.07		0.41	0.24	-0.62	-0.62	0.2	0.07	9DB
P4Q	0.72	0.41		0.25	-0.46	-0.09	0.86	0.3	P4Q
BME	0.21	0.24	0.25		-0.33	-0.59	0.18	0.4	BME
RUZ	0.02	-0.62	-0.46	-0.33		0.49	-0.21	0.13	RUZ
06L	0.16	-0.62	-0.09	-0.59	0.49		0.11	-0.13	06L
US8	0.8	0.2	0.86	0.18	-0.21	0.11		0.34	US8
GG7	0.55	0.07	0.3	0.4	0.13	-0.13	0.34		GG7
	LY1	9DB	P4Q	BME	RUZ	06L	US8	GG7

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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

US8	+ 0.86	P4Q
US8	+ 0.8	LY1
P4Q	+ 0.72	LY1
GG7	+ 0.55	LY1
06L	+ 0.49	RUZ
P4Q	+ 0.41	9DB

High negative correlations

06L	- 0.62	9DB
RUZ	- 0.62	9DB
06L	- 0.59	BME
RUZ	- 0.46	P4Q
RUZ	- 0.33	BME
US8	- 0.21	RUZ

Risk-Adjusted Indicators

There is a big difference between Takkt Stock performing well and Takkt AG 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 Takkt AG'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
LY1	3.03	0.01	0.00	0.11	0.00	0.00	5.56	(5.26)	28.43
9DB	2.81	0.22	0.03	(5.53)	2.89	(3.66)	7.69	(4.73)	18.54
P4Q	2.09	0.16	0.03	0.79	2.27	(2.42)	3.85	(3.61)	14.33
BME	1.71	0.22	0.01	(0.31)	3.00	(3.49)	5.63	(4.23)	26.62
RUZ	1.84	(0.30)	0.00	4.16	0.00	0.00	3.53	(3.64)	26.51
06L	1.24	(0.23)	0.00	(0.32)	0.00	0.00	6.25	(5.88)	12.92
US8	2.49	0.04	(0.04)	0.02	3.19	(2.93)	5.52	(5.52)	20.89
GG7	1.67	0.21	0.04	2.22	1.89	(2.14)	3.28	(3.93)	11.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in Takkt AG without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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