Daily Journal Correlations

DJCO Stock

USD 400.49 1.37 0.34%

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

Weak diversification

The correlation between Daily Journal Corp and DJI is 0.35 (i.e., 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.

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

Moving together with Daily Stock

0.68	AI	C3 Ai Inc Earnings Call Today	Pair Corr
0.63	EB	Eventbrite Class A	Pair Corr
0.74	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.8	VTSI	VirTra Inc	Pair Corr
0.83	FICO	Fair Isaac	Pair Corr
0.62	BSY	Bentley Systems	Pair Corr

Moving against Daily Stock

0.69	DV	DoubleVerify Holdings Earnings Call Today	Pair Corr
0.61	DT	Dynatrace Holdings LLC	Pair Corr
0.61	DUOL	Duolingo	Pair Corr
0.61	DUOT	Duos Technologies	Pair Corr
0.47	VTEX	VTEX	Pair Corr
0.38	VS	Versus Systems	Pair Corr
0.93	DHX	DHI Group	Pair Corr
0.88	FROG	Jfrog	Pair Corr
0.82	ENFN	Enfusion	Pair Corr
0.82	FRSH	Freshworks	Pair Corr
0.69	DSP	Viant Technology Earnings Call This Week	Pair Corr
0.59	API	Agora Inc Buyout Trend	Pair Corr
0.59	APP	Applovin Corp	Pair Corr
0.45	ESTC	Elastic NV	Pair Corr
0.4	ELWS	Earlyworks Co,	Pair Corr
0.38	ADP	Automatic Data Processing	Pair Corr
0.34	CXM	Sprinklr	Pair Corr
0.34	IPM	Intelligent Protection Symbol Change	Pair Corr

Related Correlations Analysis

	AMSWA	MLNK	MODN	CCRD	MNTV	ENFN	IDBA	ISDR	ENV	ETWO
AMSWA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMSWA
MLNK	0.0		0.0	-0.43	0.0	-0.68	0.0	0.39	0.0	0.83	MLNK
MODN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MODN
CCRD	0.0	-0.43	0.0		0.0	0.45	0.0	-0.29	0.0	-0.19	CCRD
MNTV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MNTV
ENFN	0.0	-0.68	0.0	0.45	0.0		0.0	-0.64	0.0	-0.57	ENFN
IDBA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	IDBA
ISDR	0.0	0.39	0.0	-0.29	0.0	-0.64	0.0		0.0	0.15	ISDR
ENV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ENV
ETWO	0.0	0.83	0.0	-0.19	0.0	-0.57	0.0	0.15	0.0		ETWO
	AMSWA	MLNK	MODN	CCRD	MNTV	ENFN	IDBA	ISDR	ENV	ETWO

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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

ETWO	+ 0.83	MLNK
ENFN	+ 0.45	CCRD
ISDR	+ 0.39	MLNK
ETWO	+ 0.15	ISDR
MLNK	+ 0.0	AMSWA
MODN	+ 0.0	AMSWA

High negative correlations

ENFN	- 0.68	MLNK
ISDR	- 0.64	ENFN
ETWO	- 0.57	ENFN
CCRD	- 0.43	MLNK
ISDR	- 0.29	CCRD
ETWO	- 0.19	CCRD

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	0.00	0.00
MLNK	1.13	(0.27)	0.00	(0.30)	0.00	0.00	1.88	(2.73)	7.26
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCRD	2.27	0.19	0.07	(0.62)	2.61	(2.46)	5.37	(3.77)	12.30
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENFN	1.39	0.25	0.14	1.30	1.64	(1.75)	3.38	(2.90)	10.10
IDBA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISDR	1.83	(0.07)	0.00	0.20	0.00	0.00	4.61	(4.81)	8.48
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETWO	1.94	(0.34)	0.00	8.72	0.00	0.00	3.62	(4.26)	14.26

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

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