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

Significant diversification

The correlation between Data Knights Acquisition and DJI is 0.02 (i.e., Significant 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

  0.72NVDA NVIDIA Sell-off TrendPairCorr
  0.72SOFI SoFi TechnologiesPairCorr
  0.64AAPL Apple Inc Aggressive PushPairCorr
  0.84AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.63JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.74WMT Walmart Aggressive PushPairCorr
  0.65BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.7DIS Walt DisneyPairCorr
  0.8CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr

Moving against Data Stock

  0.75JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.73LCID Lucid GroupPairCorr
  0.68KO Coca Cola Fiscal Year End 11th of February 2025 PairCorr
  0.65PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.55MPW Medical Properties TrustPairCorr
  0.54RIVN Rivian AutomotivePairCorr
  0.46NU Nu HoldingsPairCorr

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  0.04 (0.13)(0.35) 0.36 
 0.58 
 4.86 
CPAA  0.07  0.01 (0.93)(0.51) 0.00 
 0.20 
 0.30 
GENQ  0.23 (0.08) 0.00 (0.38) 0.00 
 0.28 
 2.46 
ITAQ  0.18  0.01 (0.27) 0.45  0.11 
 0.67 
 2.30 
DTOC  0.14  0.03 (0.20)(9.33) 0.00 
 0.58 
 1.65 
LGVC  0.37 (0.02)(0.09) 0.02  0.73 
 0.67 
 9.80 
AURC  0.21  0.04 (0.09)(0.32) 0.28 
 0.49 
 4.15 
ADEX  4.50 (0.36) 0.00  0.27  0.00 
 13.24 
 50.45 
ACAX  0.49  0.03 (0.02) 0.39  1.27 
 0.48 
 13.40 
DALS  0.16  0.00 (0.42) 0.12  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.