Daily Journal Correlations
| DJCO Stock | USD 396.80 2.90 0.73% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Daily Journal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daily Journal Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Daily Journal Correlation With Market
Very weak diversification
The correlation between Daily Journal Corp and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daily Journal Corp and DJI in the same portfolio, assuming nothing else is changed.
Daily |
Moving together with Daily Stock
| 0.78 | AI | C3 Ai Inc | PairCorr |
| 0.63 | EB | Eventbrite Class A | PairCorr |
| 0.88 | WK | Workiva | PairCorr |
| 0.83 | VERB | Verb Technology | PairCorr |
| 0.8 | VTSI | VirTra Inc | PairCorr |
| 0.84 | FICO | Fair Isaac | PairCorr |
| 0.81 | BMR | Beamr Imaging | PairCorr |
| 0.66 | BSY | Bentley Systems | PairCorr |
Moving against Daily Stock
| 0.71 | DOMO | Domo Inc | PairCorr |
| 0.41 | ML | MoneyLion | PairCorr |
| 0.82 | ENFN | Enfusion | PairCorr |
| 0.78 | API | Agora Inc | PairCorr |
| 0.75 | FROG | Jfrog | PairCorr |
| 0.37 | DHX | DHI Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Daily Stock performing well and Daily Journal 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 Daily Journal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMSWA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MLNK | 1.38 | (0.15) | 0.00 | (0.20) | 0.00 | 1.93 | 21.48 | |||
| MODN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CCRD | 2.25 | (0.06) | 0.00 | (0.19) | 0.00 | 4.75 | 12.83 | |||
| MNTV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENFN | 1.14 | 0.09 | 0.08 | 0.29 | 1.59 | 3.38 | 10.10 | |||
| IDBA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ISDR | 1.73 | (0.13) | 0.00 | (3.84) | 0.00 | 2.88 | 9.01 | |||
| ENV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ETWO | 2.26 | (0.30) | 0.00 | (0.29) | 0.00 | 3.83 | 13.69 |
Daily Journal Corporate Management
| Maryjoe Rodriguez | President | Profile | |
| Michelle Stephens | Executive Secretary | Profile | |
| Kaushik Mehta | CoChief Technologies | Profile | |
| Joseph Jezerinac | CoChief Technologies | Profile | |
| Danny Hemnani | CEO Technologies | Profile | |
| Steven MyhillJones | Interim Chairman | Profile | |
| David Houston | EditorinChief Newspapers | Profile |