Takkt AG Correlations
| TTK Stock | 8.80 0.02 0.23% |
The current 90-days correlation between Takkt AG and Tianjin Capital Environmental is -0.11 (i.e., Good 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 -0.04 (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.
Takkt |
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
| 0.76 | FJI | FUJIFILM Holdings | PairCorr |
| 0.98 | TTK | Takkt AG | PairCorr |
| 0.81 | BYRA | PT Bank Rakyat | PairCorr |
| 0.63 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.67 | NVPJ | TMBThanachart Bank Public | PairCorr |
| 0.69 | OB8 | PT Barito Pacific | PairCorr |
Moving against Takkt Stock
| 0.91 | 7SU | Summit Materials | PairCorr |
| 0.88 | KPI1 | Konica Minolta | PairCorr |
| 0.87 | 8II | PLAYTIKA HOLDING | PairCorr |
| 0.79 | BN9 | The Bank | PairCorr |
| 0.74 | SAP | SAP SE | PairCorr |
| 0.68 | KOK | KOKUYO LTD | PairCorr |
| 0.62 | UF2 | Sunstone Hotel Investors | PairCorr |
| 0.46 | E6Q | GOLD ROAD RES | PairCorr |
| 0.44 | PJM | PT Bumi Resources | PairCorr |
| 0.42 | C6T | China Construction Bank | PairCorr |
| 0.38 | BAC | Verizon Communications | PairCorr |
| 0.34 | ICK | Industrial and Commercial | PairCorr |
| 0.31 | E908 | Lyxor 1 | PairCorr |
Related Correlations Analysis
| 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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NPSA | 0.92 | 0.05 | (0.02) | 0.28 | 0.89 | 2.34 | 6.98 | |||
| TIA | 1.92 | 0.37 | 0.05 | (1.86) | 2.25 | 3.23 | 23.04 | |||
| AVLA | 1.17 | 0.17 | 0.17 | 0.22 | 0.98 | 3.05 | 8.41 | |||
| I8M | 1.75 | 0.16 | 0.10 | 0.22 | 1.68 | 3.87 | 16.34 | |||
| 0QN | 1.55 | 0.43 | 0.26 | 0.56 | 1.24 | 4.21 | 12.65 | |||
| USX1 | 1.99 | 0.20 | 0.10 | 0.26 | 2.06 | 5.42 | 17.91 | |||
| A43 | 0.28 | (0.14) | 0.00 | 1.04 | 0.00 | 0.00 | 9.48 | |||
| PFX1 | 2.72 | 0.25 | 0.05 | 0.91 | 3.51 | 6.35 | 24.96 |
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.Did you try this?
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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.
| Michaela Epple | Head Europa | Profile | |
| Pr Schmitt | Head Service | Profile | |
| Fabien Houri | Head Canada | Profile | |
| Michael Loch | Head Relations | Profile | |
| Alfonso Campo | Mexico Industriales | Profile | |
| Kurt Chang | China KRAFT | Profile |