TransAct Technologies Correlations

TACT Stock

USD 4.15 0.09 2.12%

The current 90-days correlation between TransAct Technologies and Morningstar Unconstrained Allocation is 0.16 (i.e., Average diversification). The correlation of TransAct Technologies 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.

TransAct Technologies Correlation With Market

Average diversification

The correlation between TransAct Technologies Incorpor and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TransAct Technologies Incorpor 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 TransAct Technologies Incorporated. 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 TransAct Stock

0.67	CDW	CDW Corp	Pair Corr
0.67	STX	Seagate Technology PLC	Pair Corr
0.68	CRCT	Cricut Inc	Pair Corr

Moving against TransAct Stock

0.63	IONQ	IONQ Inc	Pair Corr
0.47	S	SentinelOne	Pair Corr
0.44	QBTS	D Wave Quantum Tech Boost	Pair Corr
0.41	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.4	RDCM	Radcom	Pair Corr
0.36	DELL	Dell Technologies	Pair Corr
0.33	SSYS	Stratasys	Pair Corr
0.66	NN	Nextnav Acquisition Corp	Pair Corr
0.59	ZM	Zoom Video Communications	Pair Corr
0.55	APP	Applovin Corp	Pair Corr
0.55	CAN	Canaan Inc Aggressive Push	Pair Corr
0.54	HUBS	HubSpot	Pair Corr
0.53	EPAM	EPAM Systems	Pair Corr
0.53	WDAY	Workday Downward Rally	Pair Corr
0.53	GTLB	Gitlab Inc Earnings Call This Week	Pair Corr
0.48	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.47	INTU	Intuit Inc	Pair Corr
0.46	CRM	Salesforce	Pair Corr
0.46	NOW	ServiceNow Fiscal Year End 22nd of January 2025	Pair Corr
0.44	FICO	Fair Isaac	Pair Corr

Related Correlations Analysis

	DELL	RLJ	AQUI	STEP	MSTSX	LBHIX	VSCIX	VIASP	BBDC	RRTLX
DELL		0.58	0.0	0.89	0.56	0.6	0.92	0.64	0.3	0.55	DELL
RLJ	0.58		0.0	0.65	0.35	0.56	0.78	0.64	0.64	0.6	RLJ
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
STEP	0.89	0.65	0.0		0.63	0.66	0.93	0.58	0.3	0.55	STEP
MSTSX	0.56	0.35	0.0	0.63		0.68	0.6	-0.05	0.01	0.86	MSTSX
LBHIX	0.6	0.56	0.0	0.66	0.68		0.67	0.26	0.2	0.74	LBHIX
VSCIX	0.92	0.78	0.0	0.93	0.6	0.67		0.67	0.49	0.66	VSCIX
VIASP	0.64	0.64	0.0	0.58	-0.05	0.26	0.67		0.6	0.1	VIASP
BBDC	0.3	0.64	0.0	0.3	0.01	0.2	0.49	0.6		0.28	BBDC
RRTLX	0.55	0.6	0.0	0.55	0.86	0.74	0.66	0.1	0.28		RRTLX
	DELL	RLJ	AQUI	STEP	MSTSX	LBHIX	VSCIX	VIASP	BBDC	RRTLX

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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

VSCIX	+ 0.93	STEP
VSCIX	+ 0.92	DELL
STEP	+ 0.89	DELL
RRTLX	+ 0.86	MSTSX
VSCIX	+ 0.78	RLJ
RRTLX	+ 0.74	LBHIX

High negative correlations

VIASP	- 0.05	MSTSX
RRTLX	- 0.0	AQUI
BBDC	- 0.0	AQUI
VIASP	- 0.0	AQUI
VSCIX	- 0.0	AQUI
LBHIX	- 0.0	AQUI

Risk-Adjusted Indicators

There is a big difference between TransAct Stock performing well and TransAct Technologies 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 TransAct Technologies' 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
DELL	2.22	(0.01)	0.03	0.11	3.04	(2.42)	4.33	(4.54)	10.85
RLJ	1.14	0.03	0.03	0.14	1.20	(1.26)	2.42	(1.91)	9.84
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STEP	1.48	0.12	0.11	0.18	1.60	(1.67)	2.82	(2.12)	16.32
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
VSCIX	0.75	0.03	0.06	0.14	0.70	(0.84)	1.62	(1.24)	5.35
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18
BBDC	0.67	(0.01)	(0.07)	0.10	0.76	(0.72)	1.34	(1.12)	3.87
RRTLX	0.23	(0.03)	(0.31)	0.03	0.26	(0.26)	0.48	(0.56)	1.36

TransAct Technologies Corporate Management

Miguel Ortiz	Senior Marketing	Profile
Benjamin Wyatt	Vice Development	Profile
Louis Kelly	Senior Gaming	Profile
William DeFrances	VP Officer	Profile
Brent Richstmeier	Chief Officer	Profile

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