Taoping Correlations

TAOP Stock

USD 0.33 0 1.45%

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

Average diversification

The correlation between Taoping and DJI is 0.11 (i.e., Average 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

0.62	VRNS	Varonis Systems	Pair Corr
0.8	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.75	OLB	OLB Group	Pair Corr

Moving against Taoping Stock

0.78	NN	Nextnav Acquisition Corp	Pair Corr
0.75	FLYW	Flywire Corp	Pair Corr
0.68	EVCM	EverCommerce	Pair Corr
0.68	FIVN	Five9 Inc	Pair Corr
0.59	S	SentinelOne	Pair Corr
0.58	CETXP	Cemtrex Pref	Pair Corr
0.55	DLO	Dlocal	Pair Corr
0.53	ZS	Zscaler	Pair Corr
0.52	DBX	Dropbox	Pair Corr
0.49	BOX	Box Inc Earnings Call This Week	Pair Corr
0.34	EVTC	Evertec	Pair Corr
0.76	ZUO	Zuora Inc Sell-off Trend	Pair Corr
0.75	GTLB	Gitlab Inc Earnings Call This Week	Pair Corr
0.7	GDDY	Godaddy	Pair Corr
0.64	FTNT	Fortinet	Pair Corr
0.61	LIDRW	AEye Inc	Pair Corr
0.6	NET	Cloudflare	Pair Corr
0.58	WIX	WixCom	Pair Corr
0.57	GEN	Gen Digital Sell-off Trend	Pair Corr
0.54	MDB	MongoDB Earnings Call This Week	Pair Corr
0.54	YEXT	Yext Inc Earnings Call This Week	Pair Corr
0.39	IOT	Samsara	Pair Corr
0.39	RPD	Rapid7 Inc	Pair Corr
0.32	SWI	SolarWinds Corp	Pair Corr

Related Correlations Analysis

	NXTP	TONR	GB	BLIN	CISO	CINT	ZENV	DTSS	JG	AUID
NXTP		0.05	-0.32	-0.67	-0.47	-0.22	0.3	-0.31	-0.75	0.63	NXTP
TONR	0.05		-0.13	-0.03	-0.14	0.05	-0.16	-0.19	-0.18	0.25	TONR
GB	-0.32	-0.13		0.39	0.29	-0.39	-0.48	0.44	0.36	-0.22	GB
BLIN	-0.67	-0.03	0.39		0.3	0.08	-0.43	0.21	0.59	-0.49	BLIN
CISO	-0.47	-0.14	0.29	0.3		0.13	-0.47	0.61	0.57	-0.62	CISO
CINT	-0.22	0.05	-0.39	0.08	0.13		0.24	-0.02	0.23	-0.18	CINT
ZENV	0.3	-0.16	-0.48	-0.43	-0.47	0.24		-0.48	-0.27	0.18	ZENV
DTSS	-0.31	-0.19	0.44	0.21	0.61	-0.02	-0.48		0.4	-0.37	DTSS
JG	-0.75	-0.18	0.36	0.59	0.57	0.23	-0.27	0.4		-0.69	JG
AUID	0.63	0.25	-0.22	-0.49	-0.62	-0.18	0.18	-0.37	-0.69		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

AUID	+ 0.63	NXTP
DTSS	+ 0.61	CISO
JG	+ 0.59	BLIN
JG	+ 0.57	CISO
DTSS	+ 0.44	GB
JG	+ 0.4	DTSS

High negative correlations

JG	- 0.75	NXTP
AUID	- 0.69	JG
BLIN	- 0.67	NXTP
AUID	- 0.62	CISO
AUID	- 0.49	BLIN
DTSS	- 0.48	ZENV

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	4.97	(0.51)	0.00	0.80	0.00	0.00	8.74	(10.00)	28.18
TONR	10.23	2.01	0.05	(0.85)	11.50	(50.00)	50.00	(33.33)	83.33
GB	2.68	0.37	0.06	4.75	3.54	(2.91)	4.72	(5.13)	23.79
BLIN	2.13	0.53	0.13	(0.71)	2.16	(2.73)	5.50	(3.54)	18.09
CISO	5.62	1.05	0.17	0.85	5.43	(7.02)	15.56	(9.37)	44.20
CINT	1.96	(0.07)	0.00	(0.05)	0.00	0.00	4.20	(4.14)	18.10
ZENV	3.65	(0.02)	(0.03)	0.04	3.99	(4.47)	8.94	(6.58)	22.26
DTSS	4.84	0.42	0.05	0.83	7.23	(5.33)	11.40	(9.20)	61.49
JG	6.39	1.52	0.17	5.76	6.92	(7.11)	18.46	(14.72)	60.68
AUID	3.65	(0.59)	0.00	(0.32)	0.00	0.00	8.74	(8.74)	29.47

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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