Takkt AG Correlations

Stocks . Germany . 
Stock . Takkt AG
TTK Stock  EUR 7.49  0.24  3.10%   
The current 90-days correlation between Takkt AG and Gaming and Leisure is 0.09 (i.e., Significant 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.

Takkt AG Correlation With Market

Good diversification

The correlation between Takkt AG and DJI is -0.08 (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

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Moving against Takkt Stock

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  0.74C7T CTT CorreiosPairCorr
  0.72A2X AAC TECHNOLOGHLDGADRPairCorr
  0.72UNC UCB DusseldorfPairCorr
  0.71NTOA NintendoPairCorr
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  0.86XKR KAR Auction ServicesPairCorr
  0.86C8C Consolidated CommunicationsPairCorr
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  0.78CAI CDN IMPERIAL BANKPairCorr
  0.73BOV Apyx Medical CorpPairCorr
  0.68FDX FedExPairCorr

Related Correlations Analysis

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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   
AC8
+ 0.97
TEO
5ZM
+ 0.87
TEO
AC8
+ 0.86
5ZM
CUW
+ 0.83
TEO
CUW
+ 0.81
AC8
CUW
+ 0.8
5ZM
  
High negative correlations   
E4C
- 0.07
SIT4

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.

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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Takkt AG Corporate Management

Elected by the shareholders, the Takkt AG's board of directors comprises two types of representatives: Takkt AG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Takkt. The board's role is to monitor Takkt AG's management team and ensure that shareholders' interests are well served. Takkt AG's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Takkt AG's outside directors are responsible for providing unbiased perspectives on the board's policies.
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