Top KingWin Correlations

WAI Stock

0.45 0.07 13.46%

The current 90-days correlation between Top KingWin and Goldman Sachs Group is 0.02 (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

Significant diversification

The correlation between Top KingWin and DJI is 0.02 (i.e., Significant 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

0.62	RJF-PB	Raymond James Financial	Pair Corr
0.77	SF-PD	Stifel Financial Corp	Pair Corr
0.78	MS-PF	Morgan Stanley	Pair Corr
0.71	MS-PE	Morgan Stanley	Pair Corr
0.75	MS-PI	Morgan Stanley	Pair Corr

Moving against Top Stock

0.73	GAMI	GAMCO Investors Normal Trading	Pair Corr
0.4	MGTI	MGT Capital Investments	Pair Corr
0.54	IX	Orix Corp Ads	Pair Corr
0.41	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	GS	MC	SF	TW	XP	RJF-PB	VIRT	LGHLW	SCHW-PJ	SCHW-PD
GS		0.91	0.95	0.64	-0.77	0.52	0.88	0.11	-0.67	0.51	GS
MC	0.91		0.86	0.56	-0.59	0.57	0.82	0.13	-0.37	0.62	MC
SF	0.95	0.86		0.78	-0.75	0.67	0.8	0.22	-0.58	0.45	SF
TW	0.64	0.56	0.78		-0.65	0.66	0.6	0.48	-0.28	0.16	TW
XP	-0.77	-0.59	-0.75	-0.65		-0.6	-0.77	-0.35	0.62	-0.36	XP
RJF-PB	0.52	0.57	0.67	0.66	-0.6		0.54	0.54	-0.06	0.38	RJF-PB
VIRT	0.88	0.82	0.8	0.6	-0.77	0.54		0.1	-0.58	0.61	VIRT
LGHLW	0.11	0.13	0.22	0.48	-0.35	0.54	0.1		0.15	-0.17	LGHLW
SCHW-PJ	-0.67	-0.37	-0.58	-0.28	0.62	-0.06	-0.58	0.15		-0.06	SCHW-PJ
SCHW-PD	0.51	0.62	0.45	0.16	-0.36	0.38	0.61	-0.17	-0.06		SCHW-PD
	GS	MC	SF	TW	XP	RJF-PB	VIRT	LGHLW	SCHW-PJ	SCHW-PD

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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

SF	+ 0.95	GS
MC	+ 0.91	GS
VIRT	+ 0.88	GS
SF	+ 0.86	MC
VIRT	+ 0.82	MC
VIRT	+ 0.8	SF

High negative correlations

VIRT	- 0.77	XP
XP	- 0.77	GS
XP	- 0.75	SF
SCHW-PJ	- 0.67	GS
XP	- 0.65	TW
RJF-PB	- 0.6	XP

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
GS	1.29	0.00	0.11	0.13	1.30	(1.39)	2.50	(2.27)	15.41
MC	1.70	(0.12)	0.08	0.09	1.45	(2.26)	3.42	(3.04)	22.37
SF	1.22	0.19	0.30	0.22	0.66	(1.54)	3.01	(1.97)	16.31
TW	0.92	0.18	0.08	0.62	0.99	(0.97)	1.71	(1.39)	6.60
XP	1.86	(0.56)	0.00	(0.99)	0.00	0.00	3.36	(6.06)	11.81
RJF-PB	0.10	0.02	(0.77)	(1.04)	0.00	(0.12)	0.28	(0.20)	0.72
VIRT	1.20	0.24	0.13	0.43	1.34	(1.30)	2.74	(2.19)	8.06
LGHLW	4.74	0.50	0.11	0.39	4.58	(7.00)	16.13	(8.64)	31.65
SCHW-PJ	0.60	(0.02)	(0.15)	0.03	0.77	(0.59)	1.30	(1.15)	3.25
SCHW-PD	0.25	0.02	(0.36)	0.72	0.16	(0.30)	0.56	(0.44)	1.44

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