DLH Holdings Correlations

DLHC Stock

USD 4.69 0.04 0.85%

The current 90-days correlation between DLH Holdings Corp and First Advantage Corp is 0.22 (i.e., Modest diversification). The correlation of DLH Holdings 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.

DLH Holdings Correlation With Market

Weak diversification

The correlation between DLH Holdings Corp and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DLH Holdings 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 DLH Holdings 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 rate.

Moving together with DLH Stock

0.69	BRC	Brady	Pair Corr
0.98	DLX	Deluxe	Pair Corr
0.69	GEO	Geo Group	Pair Corr
0.91	KBR	KBR Inc	Pair Corr
0.9	MATW	Matthews International	Pair Corr
0.8	RPAY	Repay Holdings Corp	Pair Corr
0.95	ASGN	ASGN Inc	Pair Corr
0.95	TTEK	Tetra Tech	Pair Corr
0.91	CLVT	CLARIVATE PLC	Pair Corr
0.9	J	Jacobs Solutions	Pair Corr
0.94	BV	BrightView Holdings	Pair Corr
0.9	BW	Babcock Wilcox Enter	Pair Corr
0.85	CW	Curtiss Wright	Pair Corr
0.7	DY	Dycom Industries	Pair Corr
0.71	FA	First Advantage Corp	Pair Corr
0.69	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.66	HI	Hillenbrand	Pair Corr
0.64	HY	Hyster Yale Materials	Pair Corr
0.85	IR	Ingersoll Rand	Pair Corr
0.8	KE	Kimball Electronics	Pair Corr

Moving against DLH Stock

0.76	G	Genpact Limited	Pair Corr
0.63	WNS	WNS Holdings	Pair Corr
0.57	MG	Mistras Group	Pair Corr
0.38	IIIV	i3 Verticals	Pair Corr
0.89	EH	Ehang Holdings	Pair Corr
0.85	BZ	Kanzhun Ltd ADR	Pair Corr
0.85	SB	Safe Bulkers	Pair Corr
0.81	PC	Premium Catering	Pair Corr
0.79	LZ	LegalZoom	Pair Corr
0.65	DE	Deere Company	Pair Corr
0.64	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	FA	PFSW	DPUI	CASS	CVEO	NTIP	BV	MMS	CBZ	PFMT
FA		0.0	0.57	-0.22	0.57	-0.16	0.77	0.41	0.93	0.0	FA
PFSW	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFSW
DPUI	0.57	0.0		-0.01	0.58	0.03	0.36	0.15	0.6	0.0	DPUI
CASS	-0.22	0.0	-0.01		0.08	-0.15	-0.56	-0.86	-0.19	0.0	CASS
CVEO	0.57	0.0	0.58	0.08		0.24	0.06	0.03	0.67	0.0	CVEO
NTIP	-0.16	0.0	0.03	-0.15	0.24		-0.29	0.09	0.01	0.0	NTIP
BV	0.77	0.0	0.36	-0.56	0.06	-0.29		0.71	0.62	0.0	BV
MMS	0.41	0.0	0.15	-0.86	0.03	0.09	0.71		0.4	0.0	MMS
CBZ	0.93	0.0	0.6	-0.19	0.67	0.01	0.62	0.4		0.0	CBZ
PFMT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PFMT
	FA	PFSW	DPUI	CASS	CVEO	NTIP	BV	MMS	CBZ	PFMT

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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

CBZ	+ 0.93	FA
BV	+ 0.77	FA
MMS	+ 0.71	BV
CBZ	+ 0.67	CVEO
CBZ	+ 0.62	BV
CBZ	+ 0.6	DPUI

High negative correlations

MMS	- 0.86	CASS
BV	- 0.56	CASS
BV	- 0.29	NTIP
CASS	- 0.22	FA
CBZ	- 0.19	CASS
NTIP	- 0.16	FA

Risk-Adjusted Indicators

There is a big difference between DLH Stock performing well and DLH Holdings 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 DLH Holdings' 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
FA	1.76	(0.46)	0.00	(0.60)	0.00	0.00	2.68	(4.35)	17.95
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPUI	14.65	3.12	0.06	0.53	15.71	(83.33)	100.00	(50.00)	150.00
CASS	1.13	0.03	0.00	(0.03)	0.00	0.00	2.58	(2.61)	8.63
CVEO	1.81	(0.05)	0.00	(0.43)	0.00	0.00	3.79	(3.18)	25.93
NTIP	1.48	0.23	0.11	0.40	1.77	(1.89)	3.25	(2.22)	10.73
BV	1.62	(0.29)	0.00	(0.35)	0.00	0.00	3.69	(3.65)	12.01
MMS	1.30	(0.01)	0.00	(0.10)	0.00	0.00	2.55	(2.51)	10.72
CBZ	1.21	(0.08)	0.00	(0.17)	0.00	0.00	2.03	(3.27)	7.72
PFMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

DLH Holdings Corporate Executives

Elected by the shareholders, the DLH Holdings' board of directors comprises two types of representatives: DLH Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DLH. The board's role is to monitor DLH Holdings' management team and ensure that shareholders' interests are well served. DLH Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DLH Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

	Kathryn Johnbull	CFO and Treasurer	Profile
	Kathryn CPA	CFO Treasurer	Profile

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