Data Knights Correlations

DKDCADelisted Stock  USD 11.05  0.00  0.00%   
The current 90-days correlation between Data Knights Acquisition and Genesis Unicorn Capital is 0.11 (i.e., Average diversification). The correlation of Data Knights 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.

Data Knights Correlation With Market

Good diversification

The correlation between Data Knights Acquisition and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data Knights Acquisition and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Data Stock

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  0.75AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.72DIS Walt Disney Aggressive PushPairCorr
  0.61JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.76WMT Walmart Aggressive PushPairCorr
  0.63BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.84AA Alcoa Corp Sell-off TrendPairCorr
  0.78CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.65INTC Intel Fiscal Year End 23rd of January 2025 PairCorr

Moving against Data Stock

  0.66KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.63EC Ecopetrol SA ADRPairCorr
  0.62PFE Pfizer Inc Potential GrowthPairCorr
  0.54PKX POSCO HoldingsPairCorr
  0.42BA Boeing Fiscal Year End 29th of January 2025 PairCorr

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   
DALSCPAA
CPAAOPA
DALSOPA
AURCCPAA
DALSAURC
DTOCCPAA
  
High negative correlations   
ADEXCPAA
ADEXOPA
DALSADEX
ADEXAURC
ADEXITAQ
ADEXDTOC

Risk-Adjusted Indicators

There is a big difference between Data Stock performing well and Data Knights 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 Data Knights' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OPA  0.23  0.02 (0.15) 0.34  0.36 
 0.58 
 4.86 
CPAA  0.07  0.01 (1.00) 2.56  0.00 
 0.20 
 0.30 
GENQ  0.23 (0.06) 0.00  6.64  0.00 
 0.28 
 2.46 
ITAQ  0.18  0.02 (0.29)(1.31) 0.11 
 0.67 
 2.30 
DTOC  0.14  0.03 (0.22)(1.48) 0.00 
 0.58 
 1.65 
LGVC  0.37  0.01 (0.10)(0.05) 0.73 
 0.67 
 9.80 
AURC  0.21  0.06 (0.10)(0.13) 0.28 
 0.49 
 4.15 
ADEX  4.50 (0.49) 0.00  0.51  0.00 
 13.24 
 50.45 
ACAX  0.49  0.05 (0.03)(0.51) 1.27 
 0.48 
 13.40 
DALS  0.16  0.02 (0.46)(0.10) 0.12 
 0.49 
 1.18 

Data Knights 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 Data Knights stock to make a market-neutral strategy. Peer analysis of Data Knights could also be used in its relative valuation, which is a method of valuing Data Knights by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Data Knights Acquisition?

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.