Doma Holdings Correlations

Summary

The correlation of Doma 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.

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Related Correlations Analysis

	HOUS	OPEN	RMAX	RDFN	MMI	FRPH	MLP	MAYS	NEN	CIGI
HOUS		0.46	0.51	0.31	0.72	0.59	0.32	-0.67	-0.16	0.43	HOUS
OPEN	0.46		0.91	-0.01	0.57	0.49	0.83	-0.55	0.02	0.66	OPEN
RMAX	0.51	0.91		0.07	0.57	0.49	0.83	-0.51	0.06	0.84	RMAX
RDFN	0.31	-0.01	0.07		-0.19	-0.4	-0.22	-0.21	0.07	-0.1	RDFN
MMI	0.72	0.57	0.57	-0.19		0.8	0.65	-0.46	-0.22	0.49	MMI
FRPH	0.59	0.49	0.49	-0.4	0.8		0.53	-0.25	0.02	0.5	FRPH
MLP	0.32	0.83	0.83	-0.22	0.65	0.53		-0.34	-0.01	0.65	MLP
MAYS	-0.67	-0.55	-0.51	-0.21	-0.46	-0.25	-0.34		0.24	-0.35	MAYS
NEN	-0.16	0.02	0.06	0.07	-0.22	0.02	-0.01	0.24		0.06	NEN
CIGI	0.43	0.66	0.84	-0.1	0.49	0.5	0.65	-0.35	0.06		CIGI
	HOUS	OPEN	RMAX	RDFN	MMI	FRPH	MLP	MAYS	NEN	CIGI

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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

RMAX	+ 0.91	OPEN
CIGI	+ 0.84	RMAX
MLP	+ 0.83	OPEN
MLP	+ 0.83	RMAX
FRPH	+ 0.8	MMI
MMI	+ 0.72	HOUS

High negative correlations

MAYS	- 0.67	HOUS
MAYS	- 0.55	OPEN
MAYS	- 0.51	RMAX
MAYS	- 0.46	MMI
FRPH	- 0.4	RDFN
CIGI	- 0.35	MAYS

Risk-Adjusted Indicators

There is a big difference between Doma Stock performing well and Doma 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 Doma 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
HOUS	3.19	(0.09)	0.00	(0.13)	0.00	0.00	6.03	(7.40)	19.40
OPEN	3.48	(0.65)	0.00	(0.48)	0.00	0.00	6.52	(7.50)	19.92
RMAX	2.19	(0.35)	0.00	(0.34)	0.00	0.00	4.32	(3.69)	17.71
RDFN	4.26	0.43	0.13	(0.41)	4.45	(5.38)	6.45	(8.83)	69.45
MMI	1.63	(0.14)	0.00	(0.20)	0.00	0.00	2.94	(3.82)	10.27
FRPH	1.11	(0.11)	0.00	(0.21)	0.00	0.00	1.81	(3.61)	7.96
MLP	1.79	(0.19)	0.00	(0.27)	0.00	0.00	4.19	(3.61)	13.66
MAYS	1.09	(0.22)	0.00	0.33	0.00	0.00	3.24	(3.61)	16.26
NEN	1.55	0.06	0.08	(0.22)	1.49	(2.65)	4.39	(3.08)	12.59
CIGI	1.38	(0.17)	0.00	(0.22)	0.00	0.00	2.05	(2.95)	12.51

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Risk & Return

Correlation

Doma Holdings Corporate Management

Wendy Zorick	Executive Officer	Profile
Jesse Kaplan	Executive Officer	Profile
Rebecca Salinas	Executive Officer	Profile
Eric Watson	Gen VP	Profile
Mini Peiris	Chief Officer	Profile
Maxwell Simkoff	CEO Founder	Profile

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