Domo Correlations

DOMO Stock

USD 7.62 0.28 3.54%

The current 90-days correlation between Domo Inc and Pagerduty is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Domo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Domo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Domo Correlation With Market

Average diversification

The correlation between Domo Inc and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domo Inc 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 Domo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Domo Stock

0.61	PD	Pagerduty	Pair Corr
0.62	VTEX	VTEX	Pair Corr
0.71	EGHT	8x8 Common Stock	Pair Corr

Moving against Domo Stock

0.65	WK	Workiva	Pair Corr
0.49	VS	Versus Systems	Pair Corr
0.48	QH	Quhuo Tech Boost	Pair Corr
0.48	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.48	WBTN	WEBTOON Entertainment	Pair Corr
0.47	EGAN	eGain	Pair Corr
0.45	WFCF	Where Food Comes	Pair Corr
0.64	BMR	Beamr Imaging	Pair Corr

Related Correlations Analysis

	DT	ESTC	PD	MNDY	MCLD	WETG	RSKD	MITK	YMM	LTCH
DT		0.84	0.31	0.76	0.0	0.0	0.82	-0.08	0.65	0.0	DT
ESTC	0.84		0.49	0.6	0.0	0.0	0.68	-0.01	0.53	0.0	ESTC
PD	0.31	0.49		0.5	0.0	0.0	0.02	-0.59	-0.14	0.0	PD
MNDY	0.76	0.6	0.5		0.0	0.0	0.64	-0.49	0.36	0.0	MNDY
MCLD	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MCLD
WETG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	WETG
RSKD	0.82	0.68	0.02	0.64	0.0	0.0		0.05	0.86	0.0	RSKD
MITK	-0.08	-0.01	-0.59	-0.49	0.0	0.0	0.05		0.28	0.0	MITK
YMM	0.65	0.53	-0.14	0.36	0.0	0.0	0.86	0.28		0.0	YMM
LTCH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LTCH
	DT	ESTC	PD	MNDY	MCLD	WETG	RSKD	MITK	YMM	LTCH

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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

YMM	+ 0.86	RSKD
ESTC	+ 0.84	DT
RSKD	+ 0.82	DT
MNDY	+ 0.76	DT
RSKD	+ 0.68	ESTC
YMM	+ 0.65	DT

High negative correlations

MITK	- 0.59	PD
MITK	- 0.49	MNDY
YMM	- 0.14	PD
MITK	- 0.08	DT
MITK	- 0.01	ESTC
LTCH	- 0.0	YMM

Risk-Adjusted Indicators

There is a big difference between Domo Stock performing well and Domo 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 Domo'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
DT	1.34	0.17	0.10	0.25	1.41	(1.51)	2.70	(2.37)	9.26
ESTC	2.05	0.30	0.15	0.29	1.78	(2.54)	3.52	(3.38)	18.80
PD	1.43	(0.05)	0.00	(0.07)	0.00	0.00	2.71	(2.96)	10.11
MNDY	2.96	0.31	0.09	0.17	3.22	(3.19)	6.35	(4.91)	30.74
MCLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WETG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSKD	1.59	0.27	0.17	0.30	1.38	(1.92)	4.10	(1.99)	8.69
MITK	2.03	0.20	0.09	(1.49)	2.02	(2.69)	5.15	(3.38)	22.98
YMM	2.15	0.50	0.22	1.23	1.90	(2.63)	4.85	(3.52)	20.62
LTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Domo Corporate Management

John Mellor	CEO Director	Profile
Madison McCord	Vice Resources	Profile
Alexis JD	Chief Officer	Profile
Julie Kehoe	Chief Officer	Profile
Peter Lowry	Vice Relations	Profile

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