TransAct Technologies Correlations

TACT Stock

USD 4.10 0.10 2.38%

The current 90-days correlation between TransAct Technologies and Key Tronic is -0.08 (i.e., Good diversification). The correlation of TransAct Technologies 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.

TransAct Technologies Correlation With Market

Average diversification

The correlation between TransAct Technologies Incorpor and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TransAct Technologies Incorpor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TransAct Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TransAct Technologies Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in world development indicators.

Moving together with TransAct Stock

0.64

Boeing

Pair Corr

Moving against TransAct Stock

0.74	PBCRY	Bank Central Asia	Pair Corr
0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.7	NHIC	NewHold Investment Corp	Pair Corr
0.66	JBHT	JB Hunt Transport	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.62	MTC	MMTEC Inc Tech Boost	Pair Corr
0.47	AAPL	Apple Inc	Pair Corr
0.32	BZDLF	Kincora Copper	Pair Corr
0.71	KO	Coca Cola	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.66	MMM	3M Company	Pair Corr
0.63	AXP	American Express	Pair Corr
0.6	XOM	Exxon Mobil Corp	Pair Corr
0.57	CAT	Caterpillar Sell-off Trend	Pair Corr
0.55	BAC	Bank of America Aggressive Push	Pair Corr
0.49	MRK	Merck Company Aggressive Push	Pair Corr
0.4	IBM	International Business	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	KTCC	UBXG	ODYS	NUKK	NEON	PHUN	SLNH	MKTW	MFI	NCTY
KTCC		-0.36	0.61	0.44	0.85	0.9	0.48	-0.39	0.81	0.87	KTCC
UBXG	-0.36		-0.67	-0.18	-0.52	-0.45	0.18	0.2	-0.43	-0.53	UBXG
ODYS	0.61	-0.67		0.36	0.77	0.74	0.11	-0.36	0.79	0.76	ODYS
NUKK	0.44	-0.18	0.36		0.58	0.62	0.62	-0.74	0.6	0.53	NUKK
NEON	0.85	-0.52	0.77	0.58		0.91	0.42	-0.54	0.95	0.93	NEON
PHUN	0.9	-0.45	0.74	0.62	0.91		0.43	-0.57	0.89	0.89	PHUN
SLNH	0.48	0.18	0.11	0.62	0.42	0.43		-0.49	0.42	0.41	SLNH
MKTW	-0.39	0.2	-0.36	-0.74	-0.54	-0.57	-0.49		-0.53	-0.52	MKTW
MFI	0.81	-0.43	0.79	0.6	0.95	0.89	0.42	-0.53		0.88	MFI
NCTY	0.87	-0.53	0.76	0.53	0.93	0.89	0.41	-0.52	0.88		NCTY
	KTCC	UBXG	ODYS	NUKK	NEON	PHUN	SLNH	MKTW	MFI	NCTY

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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

MFI	+ 0.95	NEON
NCTY	+ 0.93	NEON
PHUN	+ 0.91	NEON
PHUN	+ 0.9	KTCC
MFI	+ 0.89	PHUN
NCTY	+ 0.89	PHUN

High negative correlations

MKTW	- 0.74	NUKK
ODYS	- 0.67	UBXG
MKTW	- 0.57	PHUN
MKTW	- 0.54	NEON
MFI	- 0.53	MKTW
NCTY	- 0.53	UBXG

Risk-Adjusted Indicators

There is a big difference between TransAct Stock performing well and TransAct Technologies 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 TransAct Technologies' 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
KTCC	2.31	(0.61)	0.00	(0.71)	0.00	0.00	3.82	(4.72)	18.68
UBXG	3.31	(0.03)	0.00	0.04	3.75	(3.55)	6.18	(6.22)	25.82
ODYS	2.95	(0.28)	0.00	(0.56)	0.00	0.00	6.62	(7.01)	21.60
NUKK	7.36	0.04	0.02	0.08	8.17	(8.25)	19.58	(14.27)	50.49
NEON	2.93	(1.16)	0.00	(0.43)	0.00	0.00	5.58	(5.76)	24.95
PHUN	2.73	(0.68)	0.00	(1.31)	0.00	0.00	4.81	(6.09)	16.82
SLNH	12.81	2.16	0.21	3.55	9.64	(18.94)	39.41	(14.80)	119.58
MKTW	1.75	0.00	0.00	0.05	0.00	0.00	3.06	(3.22)	20.32
MFI	7.50	(1.10)	0.00	(0.12)	0.00	0.00	18.00	(16.58)	52.79
NCTY	3.41	(0.59)	0.00	(0.13)	0.00	0.00	5.71	(6.68)	23.14

TransAct Technologies Corporate Management

Miguel Ortiz	Senior Marketing	Profile
Benjamin Wyatt	Senior Development	Profile
Louis Kelly	Senior Gaming	Profile
William DeFrances	VP Officer	Profile
Brent Richstmeier	Chief Officer	Profile

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