Taoping Correlations

TAOP Stock

USD 0.32 0.00 0.000003%

The current 90-days correlation between Taoping and Cerberus Cyber Sentinel is 0.16 (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 -0.06 (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

0.73

FMTO

FMTO Symbol Change

Pair Corr

Moving against Taoping Stock

0.73	FFIV	F5 Networks	Pair Corr
0.66	DOCN	DigitalOcean Holdings Earnings Call Shortly	Pair Corr
0.61	JG	Aurora Mobile	Pair Corr
0.56	EXOD	Exodus Movement,	Pair Corr
0.49	VRSN	VeriSign	Pair Corr
0.48	BB	BlackBerry Aggressive Push	Pair Corr
0.42	ZS	Zscaler	Pair Corr
0.67	DLO	Dlocal	Pair Corr
0.66	NET	Cloudflare	Pair Corr
0.65	FOUR	Shift4 Payments	Pair Corr
0.57	DBX	Dropbox	Pair Corr
0.52	FTNT	Fortinet	Pair Corr
0.43	IOT	Samsara	Pair Corr
0.31	BOX	Box Inc Sell-off Trend	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		-0.65	-0.68	-0.2	0.23	-0.7	0.67	-0.25	0.17	TONR
GB	0.0	-0.65		0.8	0.18	-0.33	0.9	-0.59	0.1	-0.34	GB
BLIN	0.0	-0.68	0.8		0.03	0.07	0.93	-0.59	0.42	-0.01	BLIN
CISO	0.0	-0.2	0.18	0.03		-0.52	0.07	0.03	-0.21	-0.32	CISO
CINT	0.0	0.23	-0.33	0.07	-0.52		-0.05	0.18	0.64	0.62	CINT
ZENV	0.0	-0.7	0.9	0.93	0.07	-0.05		-0.64	0.36	-0.18	ZENV
DTSS	0.0	0.67	-0.59	-0.59	0.03	0.18	-0.64		-0.25	0.13	DTSS
JG	0.0	-0.25	0.1	0.42	-0.21	0.64	0.36	-0.25		0.22	JG
AUID	0.0	0.17	-0.34	-0.01	-0.32	0.62	-0.18	0.13	0.22		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	+ 0.93	BLIN
ZENV	+ 0.9	GB
BLIN	+ 0.8	GB
DTSS	+ 0.67	TONR
JG	+ 0.64	CINT
AUID	+ 0.62	CINT

High negative correlations

ZENV	- 0.7	TONR
BLIN	- 0.68	TONR
GB	- 0.65	TONR
DTSS	- 0.64	ZENV
DTSS	- 0.59	BLIN
DTSS	- 0.59	GB

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	(0.01)	0.00	(0.02)	0.00	0.00	0.00	0.00	83.33
GB	2.29	0.32	0.10	1.57	3.03	(2.42)	4.77	(4.59)	22.78
BLIN	5.04	0.97	0.15	(0.83)	5.29	(5.99)	16.00	(10.07)	45.75
CISO	6.98	1.14	0.11	(1.50)	9.44	(8.33)	20.22	(15.23)	76.75
CINT	2.11	0.10	0.03	0.10	3.02	(2.10)	4.38	(3.98)	14.23
ZENV	4.38	1.04	0.23	1.13	3.87	(5.84)	10.94	(8.27)	37.15
DTSS	3.18	(0.11)	0.00	(0.10)	0.00	0.00	5.16	(6.32)	27.98
JG	9.95	2.42	0.28	0.50	7.95	(14.97)	18.46	(15.40)	167.07
AUID	4.22	(0.04)	0.00	(0.06)	0.00	0.00	10.25	(8.96)	43.89

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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