Take Two Correlations

TTWO Stock  USD 224.75  1.00  0.44%   
The current 90-days correlation between Take Two Interactive and Electronic Arts is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Take Two moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Take Two Interactive Software moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Take Two Correlation With Market

Average diversification

The correlation between Take Two Interactive Software and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Take Two Interactive Software 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 Take Two Interactive Software. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Take Stock

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  0.64NTES NetEasePairCorr
  0.64SNAL Snail, Class APairCorr
  0.66TV Grupo Televisa SABPairCorr

Moving against Take Stock

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  0.46GDEVW Nexters WarrantPairCorr
  0.46GIGM Giga Media Earnings Call This WeekPairCorr
  0.34MYPSW PLAYSTUDIOSPairCorr
  0.31GMGI Golden Matrix GroupPairCorr
  0.67WIMI WiMi Hologram CloudPairCorr
  0.57ANGHW Anghami WarrantsPairCorr
  0.35FLNT Fluent IncPairCorr
  0.33SJ Scienjoy Holding CorpPairCorr

Related Correlations Analysis

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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   
NTESRBLX
TWLORBLX
TWLONTES
NOWTWLO
NTDOYEA
RBLXNTDOY
  
High negative correlations   
OKTARBLX
OKTANTDOY
OKTANTES
OKTATWLO
NOWNTDOY
OKTAEA

Risk-Adjusted Indicators

There is a big difference between Take Stock performing well and Take Two 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 Take Two'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.

Take Two Corporate Management