Taoping Correlations

TAOP Stock

USD 0.29 0.01 3.33%

The current 90-days correlation between Taoping and Cerberus Cyber Sentinel is 0.13 (i.e., Average diversification). The correlation of Taoping 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.

Taoping Correlation With Market

Good diversification

The correlation between Taoping and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taoping 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 Taoping. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Taoping Stock, please use our How to Invest in Taoping guide.

Moving together with Taoping Stock

0.64	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.79	DVLT	Datavault AI Symbol Change	Pair Corr
0.67	VRAR	Glimpse Group	Pair Corr
0.62	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.74	FMTO	Femto Technologies Symbol Change	Pair Corr
0.71	OLB	OLB Group	Pair Corr

Moving against Taoping Stock

0.61	DOCN	DigitalOcean Holdings	Pair Corr
0.6	JG	Aurora Mobile Tech Boost	Pair Corr
0.59	ZS	Zscaler	Pair Corr
0.54	VRSN	VeriSign	Pair Corr
0.45	BB	BlackBerry	Pair Corr
0.32	EXOD	Exodus Movement, Downward Rally	Pair Corr
0.71	HCP	Hashicorp	Pair Corr
0.55	NET	Cloudflare	Pair Corr
0.51	XNET	Xunlei Ltd Adr Upward Rally	Pair Corr
0.45	DOX	Amdocs	Pair Corr
0.42	BOX	Box Inc Sell-off Trend	Pair Corr
0.42	FTNT	Fortinet	Pair Corr
0.55	VHC	VirnetX Holding Corp	Pair Corr
0.52	SWI	SolarWinds Corp	Pair Corr
0.51	APCXW	AppTech Payments Corp	Pair Corr
0.35	GTLB	Gitlab Inc Potential Growth	Pair Corr

Related Correlations Analysis

	NXTP	TONR	GB	BLIN	CISO	CINT	ZENV	DTSS	JG	AUID
NXTP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NXTP
TONR	0.0		-0.11	0.14	0.13	0.09	0.28	0.09	-0.08	0.24	TONR
GB	0.0	-0.11		0.18	-0.16	-0.05	0.3	0.0	-0.04	-0.49	GB
BLIN	0.0	0.14	0.18		-0.06	0.15	0.85	0.08	-0.01	0.62	BLIN
CISO	0.0	0.13	-0.16	-0.06		-0.53	-0.01	0.37	-0.47	0.12	CISO
CINT	0.0	0.09	-0.05	0.15	-0.53		0.11	0.08	0.81	0.16	CINT
ZENV	0.0	0.28	0.3	0.85	-0.01	0.11		0.06	-0.11	0.55	ZENV
DTSS	0.0	0.09	0.0	0.08	0.37	0.08	0.06		0.06	0.02	DTSS
JG	0.0	-0.08	-0.04	-0.01	-0.47	0.81	-0.11	0.06		-0.07	JG
AUID	0.0	0.24	-0.49	0.62	0.12	0.16	0.55	0.02	-0.07		AUID
	NXTP	TONR	GB	BLIN	CISO	CINT	ZENV	DTSS	JG	AUID

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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

ZENV	+ 0.85	BLIN
JG	+ 0.81	CINT
AUID	+ 0.62	BLIN
AUID	+ 0.55	ZENV
DTSS	+ 0.37	CISO
ZENV	+ 0.3	GB

High negative correlations

CINT	- 0.53	CISO
AUID	- 0.49	GB
JG	- 0.47	CISO
CISO	- 0.16	GB
JG	- 0.11	ZENV
GB	- 0.11	TONR

Risk-Adjusted Indicators

There is a big difference between Taoping Stock performing well and Taoping 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 Taoping'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
NXTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TONR	3.03	0.12	0.00	(0.01)	0.00	0.00	0.00	0.00	100.00
GB	1.80	0.34	0.19	3.30	1.74	(2.16)	3.86	(3.54)	18.44
BLIN	5.34	0.33	0.07	9.68	5.98	(6.41)	11.88	(10.07)	45.75
CISO	5.86	(0.62)	0.00	4.26	0.00	0.00	10.16	(14.29)	73.53
CINT	1.94	0.05	0.00	(0.06)	0.00	0.00	3.24	(4.38)	10.25
ZENV	4.39	0.21	0.03	0.03	4.56	(6.09)	10.94	(8.63)	37.38
DTSS	2.53	(0.05)	0.00	(0.16)	0.00	0.00	4.43	(5.19)	18.17
JG	8.69	1.85	0.25	1.27	6.91	(14.09)	18.38	(9.95)	167.07
AUID	4.43	(0.01)	0.00	(0.10)	0.00	0.00	10.25	(9.82)	46.98

Taoping Corporate Management

Liqiong Yan	Chief Officer	Profile
Yifu Liu	Ex VP	Profile
Huan Li	CMO Division	Profile
Junping Sun	Chief Investment Officer	Profile

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