Take Two Correlations
| T1TW34 Stock | BRL 316.04 14.36 4.35% |
The current 90-days correlation between Take Two Interactive and Ross Stores is 0.01 (i.e., Significant diversification). The correlation of Take Two 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.
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.
Take |
The ability to find closely correlated positions to Take Two could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Take Two when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Take Two - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Take Two Interactive Software to buy it.
Moving together with Take Stock
| 0.66 | EAIN34 | Electronic Arts Earnings Call This Week | PairCorr |
| 0.64 | ASAI3 | Sendas Distribuidora Earnings Call This Week | PairCorr |
| 0.63 | ENGI4 | Energisa SA | PairCorr |
| 0.65 | M1CB34 | Molson Coors Beverage Earnings Call This Week | PairCorr |
| 0.68 | ITUB3 | Ita Unibanco Holding Earnings Call This Week | PairCorr |
| 0.66 | BPAC3 | Banco BTG Pactual | PairCorr |
Moving against Take Stock
Related Correlations Analysis
| 0.48 | -0.28 | 0.46 | -0.81 | 0.58 | P1NR34 | ||
| 0.48 | -0.34 | 0.59 | -0.58 | 0.67 | ROST34 | ||
| -0.28 | -0.34 | -0.69 | 0.21 | -0.53 | USSX34 | ||
| 0.46 | 0.59 | -0.69 | -0.45 | 0.77 | CLOV34 | ||
| -0.81 | -0.58 | 0.21 | -0.45 | -0.65 | TELB4 | ||
| 0.58 | 0.67 | -0.53 | 0.77 | -0.65 | W1AB34 | ||
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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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| P1NR34 | 0.11 | (0.07) | 0.00 | (50.28) | 0.00 | 0.00 | 3.84 | |||
| ROST34 | 0.96 | (0.13) | 0.00 | (1.75) | 0.00 | 2.50 | 12.23 | |||
| USSX34 | 1.70 | 0.32 | 0.11 | 0.24 | 1.95 | 4.14 | 25.60 | |||
| CLOV34 | 2.68 | (0.34) | 0.00 | (3.69) | 0.00 | 9.97 | 20.28 | |||
| TELB4 | 2.09 | 0.50 | 0.25 | 2.52 | 1.84 | 5.07 | 21.01 | |||
| W1AB34 | 1.42 | (0.23) | 0.00 | (1.48) | 0.00 | 2.76 | 10.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Take Two without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Take Two Corporate Management
Elected by the shareholders, the Take Two's board of directors comprises two types of representatives: Take Two inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Take. The board's role is to monitor Take Two's management team and ensure that shareholders' interests are well served. Take Two's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Take Two's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Condrey | Pres Valley | Profile | |
| Sam Houser | Pres Games | Profile | |
| Lainie Goldstein | Chief Officer | Profile | |
| Matthew Breitman | Gen VP | Profile | |
| Linda Zabriskie | VP Counsel | Profile | |
| JD Esq | Ex CEO | Profile | |
| Karl Slatoff | President | Profile |