DMY Squared Correlations
| DMYY Stock | 10.80 0.06 0.55% |
The correlation of DMY Squared 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.
DMY |
Moving together with DMY Stock
| 0.77 | V | Visa Class A | PairCorr |
| 0.69 | MA | Mastercard | PairCorr |
| 0.76 | FDUS | Fidus Investment Corp | PairCorr |
| 0.74 | GBDC | Golub Capital BDC | PairCorr |
| 0.7 | NMFC | New Mountain Finance | PairCorr |
| 0.68 | TCPC | BlackRock TCP Capital Earnings Call Today | PairCorr |
| 0.76 | TSLX | Sixth Street Specialty | PairCorr |
| 0.69 | C | Citigroup | PairCorr |
| 0.76 | AC | Associated Capital | PairCorr |
| 0.67 | BK | Bank of New York | PairCorr |
Moving against DMY Stock
| 0.81 | AMG | Affiliated Managers | PairCorr |
| 0.69 | PYPL | PayPal Holdings | PairCorr |
| 0.56 | FHI | Federated Investors | PairCorr |
| 0.55 | DHIL | Diamond Hill Investment Earnings Call Today | PairCorr |
| 0.41 | AMTD | AMTD IDEA Group | PairCorr |
| 0.33 | SYF | Synchrony Financial | PairCorr |
| 0.7 | EG | Everest Group | PairCorr |
| 0.65 | LC | LendingClub Corp | PairCorr |
| 0.6 | BX | Blackstone Group | PairCorr |
| 0.53 | CM | Canadian Imperial Bank Earnings Call Today | PairCorr |
| 0.51 | CB | Chubb | PairCorr |
| 0.49 | IX | Orix Corp Ads | PairCorr |
| 0.48 | KB | KB Financial Group | PairCorr |
| 0.45 | AX | Axos Financial | PairCorr |
| 0.38 | HG | Hamilton Insurance Group, | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between DMY Stock performing well and DMY Squared 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 DMY Squared'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FLFV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JAQCU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPCMU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WAVS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NCAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |