Take Two Correlations

TTWO Stock  USD 240.11  0.60  0.25%   
The current 90-days correlation between Take Two Interactive and Dana Inc is 0.45 (i.e., Very weak 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

Very weak diversification

The correlation between Take Two Interactive Software and DJI is 0.56 (i.e., Very weak 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

  0.81EA Electronic ArtsPairCorr
  0.76GCL GCL Global HoldingsPairCorr
  0.63GAME GameSquare HoldingsPairCorr
  0.71GDEV GDEV IncPairCorr
  0.64GRVY GravityPairCorr
  0.62GXAI GaxosaiPairCorr
  0.81MSGM Motorsport GamingPairCorr
  0.85NTES NetEasePairCorr
  0.88RBLX Roblox CorpPairCorr
  0.88SKLZ Skillz PlatformPairCorr
  0.75SNAL Snail, Class APairCorr
  0.68T ATT IncPairCorr
  0.66Z Zillow Group ClassPairCorr
  0.61DJCO Daily Journal CorpPairCorr
  0.9KT KT CorporationPairCorr
  0.8SE SeaPairCorr
  0.85TU Telus CorpPairCorr
  0.82TV Grupo Televisa SABPairCorr
  0.81WB Weibo CorpPairCorr
  0.66ZG Zillow GroupPairCorr

Moving against Take Stock

  0.78TRUG Trugolf Downward RallyPairCorr
  0.7GIGM Giga MediaPairCorr
  0.66GDEVW Nexters WarrantPairCorr
  0.56GMGI Golden Matrix GroupPairCorr
  0.37BHAT Blue Hat InteractivePairCorr
  0.77WIMI WiMi Hologram CloudPairCorr
  0.39ANGHW Anghami WarrantsPairCorr
  0.35FLNT Fluent IncPairCorr

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   
BWADAN
VCMGNI
VCBWA
VCDAN
BWAMGNI
DANMGNI
  
High negative correlations   
LICARS
CARSWPP
BWAQNST
LIQNST
MGNIQNST
CARSDAN

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