Top KingWin Correlations

WAI Stock

0.22 0.01 4.35%

The current 90-days correlation between Top KingWin and Galaxy Gaming is 0.04 (i.e., Significant diversification). The correlation of Top KingWin 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.

Top KingWin Correlation With Market

Good diversification

The correlation between Top KingWin and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Top KingWin and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Top KingWin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Top Stock please use our How to Invest in Top KingWin guide.

Moving together with Top Stock

0.77	CLSKW	CleanSpark, Warrant	Pair Corr
0.74	CNCKW	Coincheck Group NV	Pair Corr
0.69	CNCK	Coincheck Group NV	Pair Corr
0.69	AX	Axos Financial	Pair Corr
0.75	BX	Blackstone Group Normal Trading	Pair Corr
0.66	CG	Carlyle Group	Pair Corr

Moving against Top Stock

0.75	RJF-PB	Raymond James Financial	Pair Corr
0.59	SCHW-PD	Charles Schwab	Pair Corr
0.58	MS-PE	Morgan Stanley	Pair Corr
0.51	SF-PB	Stifel Financial Corp	Pair Corr
0.5	MS-PF	Morgan Stanley	Pair Corr
0.48	MS-PI	Morgan Stanley	Pair Corr
0.31	MS-PK	Morgan Stanley	Pair Corr
0.62	CB	Chubb	Pair Corr
0.44	V	Visa Class A	Pair Corr
0.39	MER-PK	Merrill Lynch Capital	Pair Corr
0.38	AB	AllianceBernstein	Pair Corr
0.35	BK	Bank of New York	Pair Corr
0.33	L	Loews Corp	Pair Corr

Related Correlations Analysis

	DDI	REGN	GMWKF	SNDA	RDNT	GLXZ	NTES	TTWO
DDI		0.58	-0.4	-0.13	0.79	-0.62	-0.53	-0.52	DDI
REGN	0.58		-0.2	-0.07	0.53	-0.22	-0.51	-0.33	REGN
GMWKF	-0.4	-0.2		0.41	-0.17	0.42	0.18	0.41	GMWKF
SNDA	-0.13	-0.07	0.41		-0.14	0.51	0.54	0.64	SNDA
RDNT	0.79	0.53	-0.17	-0.14		-0.73	-0.62	-0.65	RDNT
GLXZ	-0.62	-0.22	0.42	0.51	-0.73		0.56	0.79	GLXZ
NTES	-0.53	-0.51	0.18	0.54	-0.62	0.56		0.6	NTES
TTWO	-0.52	-0.33	0.41	0.64	-0.65	0.79	0.6		TTWO
	DDI	REGN	GMWKF	SNDA	RDNT	GLXZ	NTES	TTWO

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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

RDNT	+ 0.79	DDI
TTWO	+ 0.79	GLXZ
TTWO	+ 0.64	SNDA
TTWO	+ 0.6	NTES
REGN	+ 0.58	DDI
NTES	+ 0.56	GLXZ

High negative correlations

GLXZ	- 0.73	RDNT
TTWO	- 0.65	RDNT
NTES	- 0.62	RDNT
GLXZ	- 0.62	DDI
NTES	- 0.53	DDI
TTWO	- 0.52	DDI

Risk-Adjusted Indicators

There is a big difference between Top Stock performing well and Top KingWin 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 Top KingWin'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
DDI	2.22	(0.16)	0.00	(0.49)	0.00	0.00	4.62	(5.00)	14.65
REGN	1.63	(0.19)	0.00	(0.66)	0.00	0.00	2.82	(3.63)	9.27
GMWKF	1.17	0.10	0.07	(0.46)	1.62	(2.54)	3.32	(2.09)	17.87
SNDA	2.02	0.08	0.00	(0.04)	0.00	0.00	3.73	(3.93)	9.66
RDNT	2.09	(0.62)	0.00	(0.75)	0.00	0.00	4.17	(5.11)	14.21
GLXZ	0.62	0.05	0.15	0.47	0.67	(0.84)	1.82	(1.38)	3.60
NTES	1.57	0.12	0.09	0.16	1.88	(1.66)	3.75	(3.10)	12.65
TTWO	1.38	0.20	0.16	0.42	1.50	(1.46)	3.00	(2.79)	17.26

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