Take Two Correlations

TTWO Stock

USD 208.76 1.33 0.63%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Take Two moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Take Two Interactive Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Take Two Correlation With Market

Significant diversification

The correlation between Take Two Interactive Software and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Take Two Interactive Software and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Take Stock

0.61	SOHU	SohuCom	Pair Corr
0.79	T	ATT Inc Aggressive Push	Pair Corr
0.61	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.76	SE	Sea	Pair Corr
0.64	WB	Weibo Corp	Pair Corr

Moving against Take Stock

0.53	GDC	GD Culture Group	Pair Corr
0.5	DJCO	Daily Journal Corp	Pair Corr
0.42	GDEV	GDEV Inc	Pair Corr
0.42	GMGI	Golden Matrix Group	Pair Corr
0.32	BHAT	Blue Hat Interactive	Pair Corr
0.4	WBTN	WEBTOON Entertainment Potential Growth	Pair Corr
0.34	ADD	Color Star Technology	Pair Corr
0.33	WLYB	John Wiley Sons	Pair Corr

Related Correlations Analysis

	ATVI	NTDOY	NTES	PLTK	EA	RBLX	NTDOF	UBSFY	SKLZ	BILI
ATVI		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ATVI
NTDOY	0.0		0.85	-0.4	-0.7	0.77	0.99	-0.78	0.69	-0.15	NTDOY
NTES	0.0	0.85		-0.5	-0.74	0.82	0.84	-0.8	0.7	-0.38	NTES
PLTK	0.0	-0.4	-0.5		0.71	-0.69	-0.44	0.46	-0.19	0.54	PLTK
EA	0.0	-0.7	-0.74	0.71		-0.89	-0.72	0.71	-0.73	0.54	EA
RBLX	0.0	0.77	0.82	-0.69	-0.89		0.79	-0.73	0.67	-0.46	RBLX
NTDOF	0.0	0.99	0.84	-0.44	-0.72	0.79		-0.77	0.68	-0.21	NTDOF
UBSFY	0.0	-0.78	-0.8	0.46	0.71	-0.73	-0.77		-0.75	0.52	UBSFY
SKLZ	0.0	0.69	0.7	-0.19	-0.73	0.67	0.68	-0.75		-0.46	SKLZ
BILI	0.0	-0.15	-0.38	0.54	0.54	-0.46	-0.21	0.52	-0.46		BILI
	ATVI	NTDOY	NTES	PLTK	EA	RBLX	NTDOF	UBSFY	SKLZ	BILI

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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

NTDOF	+ 0.99	NTDOY
NTES	+ 0.85	NTDOY
NTDOF	+ 0.84	NTES
RBLX	+ 0.82	NTES
NTDOF	+ 0.79	RBLX
RBLX	+ 0.77	NTDOY

High negative correlations

RBLX	- 0.89	EA
UBSFY	- 0.8	NTES
UBSFY	- 0.78	NTDOY
UBSFY	- 0.77	NTDOF
SKLZ	- 0.75	UBSFY
EA	- 0.74	NTES

Risk-Adjusted Indicators

There is a big difference between Take Stock performing well and Take Two 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 Take Two'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
ATVI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTDOY	1.64	0.50	0.24	4.03	1.51	(1.84)	4.23	(2.39)	10.25
NTES	1.84	0.49	0.22	1.60	1.73	(2.02)	3.95	(2.93)	15.03
PLTK	1.25	(0.17)	0.00	(0.51)	0.00	0.00	1.93	(2.95)	8.84
EA	1.32	(0.27)	0.00	(5.35)	0.00	0.00	2.18	(2.58)	18.88
RBLX	1.86	0.39	0.14	1.39	2.53	(2.09)	4.12	(4.00)	19.13
NTDOF	2.11	0.49	0.19	1.29	2.16	(2.39)	4.64	(4.74)	13.01
UBSFY	2.21	(0.28)	0.00	2.56	0.00	0.00	4.02	(3.96)	19.12
SKLZ	3.00	0.44	0.14	0.51	2.69	(3.84)	7.41	(4.80)	21.24
BILI	3.18	0.06	0.01	0.31	4.09	(3.45)	5.82	(5.41)	32.85

Take Two Corporate Management

Matthew Breitman	General VP	Profile
Daniel JD	Executive Officer	Profile
Sam Houser	Pres Games	Profile
Lainie Goldstein	Chief Officer	Profile
Linda Zabriskie	VP Counsel	Profile

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