DevvStream Corp Correlations

DEVS Stock

0.34 0.04 10.53%

The current 90-days correlation between DevvStream Corp Common and BorgWarner is 0.04 (i.e., Significant diversification). The correlation of DevvStream Corp 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.

DevvStream Corp Correlation With Market

Average diversification

The correlation between DevvStream Corp Common and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DevvStream Corp Common and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DevvStream Corp Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with DevvStream Stock

0.89	ARQ	Arq Inc	Pair Corr
0.67	PCT	Purecycle Technologies	Pair Corr
0.65	ZWS	Zurn Elkay Water	Pair Corr
0.72	LIQT	LiqTech International	Pair Corr
0.65	ADUR	Aduro Clean Technologies	Pair Corr
0.88	SCWO	374Water Common Stock Earnings Call This Week	Pair Corr
0.75	PCTTW	PureCycle Technologies	Pair Corr
0.79	PCTTU	Purecycle Technologies	Pair Corr
0.81	CECO	CECO Environmental Corp	Pair Corr
0.62	CLWT	Euro Tech Holdings	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.83	BV	BrightView Holdings	Pair Corr
0.86	BW	Babcock Wilcox Enter	Pair Corr
0.7	CW	Curtiss Wright	Pair Corr
0.67	GP	GreenPower Motor	Pair Corr
0.68	IR	Ingersoll Rand	Pair Corr

Moving against DevvStream Stock

0.81	G	Genpact Limited	Pair Corr
0.42	ERII	Energy Recovery	Pair Corr
0.84	LZ	LegalZoom	Pair Corr
0.81	EH	Ehang Holdings	Pair Corr
0.8	KC	Kingsoft Cloud Holdings	Pair Corr
0.77	DE	Deere Company	Pair Corr
0.77	GE	GE Aerospace	Pair Corr
0.75	MG	Mistras Group	Pair Corr
0.57	BR	Broadridge Financial	Pair Corr
0.33	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	BWA	VMC	ADNT	KRMMF	IONR	LCID	MPX	MGA
BWA		0.71	0.79	0.0	0.34	0.52	0.74	0.89	BWA
VMC	0.71		0.85	0.0	0.6	0.67	0.8	0.61	VMC
ADNT	0.79	0.85		0.0	0.37	0.73	0.78	0.77	ADNT
KRMMF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	KRMMF
IONR	0.34	0.6	0.37	0.0		0.37	0.37	0.23	IONR
LCID	0.52	0.67	0.73	0.0	0.37		0.54	0.56	LCID
MPX	0.74	0.8	0.78	0.0	0.37	0.54		0.75	MPX
MGA	0.89	0.61	0.77	0.0	0.23	0.56	0.75		MGA
	BWA	VMC	ADNT	KRMMF	IONR	LCID	MPX	MGA

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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

MGA	+ 0.89	BWA
ADNT	+ 0.85	VMC
MPX	+ 0.8	VMC
ADNT	+ 0.79	BWA
MPX	+ 0.78	ADNT
MGA	+ 0.77	ADNT

High negative correlations

MGA	- 0.0	KRMMF
MPX	- 0.0	KRMMF
LCID	- 0.0	KRMMF
IONR	- 0.0	KRMMF
KRMMF	- 0.0	ADNT
KRMMF	- 0.0	VMC

Risk-Adjusted Indicators

There is a big difference between DevvStream Stock performing well and DevvStream Corp 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 DevvStream Corp'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
BWA	1.45	(0.19)	0.00	(0.31)	0.00	0.00	1.96	(2.90)	6.54
VMC	1.30	(0.18)	0.00	(0.28)	0.00	0.00	2.09	(2.85)	9.19
ADNT	2.10	(0.36)	0.00	(0.35)	0.00	0.00	3.74	(4.95)	10.62
KRMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IONR	3.45	0.17	0.03	0.02	3.83	(4.12)	6.70	(6.22)	32.97
LCID	3.82	0.11	0.02	0.01	4.94	(3.84)	8.58	(7.55)	28.24
MPX	1.50	(0.15)	0.00	(0.29)	0.00	0.00	3.06	(3.26)	12.51
MGA	1.53	(0.20)	0.00	(0.27)	0.00	0.00	2.42	(3.66)	11.48

DevvStream Corp Corporate Management

Jonathan Miller	Chief Officer	Profile
David Goertz	Chief Officer	Profile
Bryan Went	Chief Officer	Profile
Erick Went	Chief Officer	Profile
Sunny Trinh	Chief Officer	Profile

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