Direct Digital Correlations
| DRCT Stock | USD 0.78 0.02 1.99% |
The current 90-days correlation between Direct Digital Holdings and Mirriad Advertising plc is -0.01 (i.e., Good diversification). The correlation of Direct Digital 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.
Direct Digital Correlation With Market
Average diversification
The correlation between Direct Digital Holdings and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Direct Digital Holdings and DJI in the same portfolio, assuming nothing else is changed.
Direct |
Moving against Direct Stock
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| 0.43 | SE | Sea | PairCorr |
| 0.41 | T | ATT Inc Aggressive Push | PairCorr |
| 0.41 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.37 | CURIW | CuriosityStream | PairCorr |
| 0.33 | LILAK | Liberty Latin America | PairCorr |
| 0.32 | WB | Weibo Corp | PairCorr |
| 0.39 | BCE | BCE Inc | PairCorr |
| 0.38 | EVER | EverQuote Class A | PairCorr |
| 0.38 | BATRA | Atlanta Braves Holdings, | PairCorr |
| 0.36 | FNGR | FingerMotion | PairCorr |
| 0.35 | BATRK | Atlanta Braves Holdings, | PairCorr |
| 0.34 | ZH | Zhihu Inc ADR | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Direct Stock performing well and Direct Digital 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 Direct Digital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EEX | 1.49 | (0.22) | 0.00 | (0.23) | 0.00 | 2.02 | 16.20 | |||
| MMDDF | 4.91 | 1.72 | 0.00 | (0.44) | 0.00 | 0.00 | 203.39 | |||
| CYPXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INEOF | 4.81 | 0.76 | 0.05 | 49.45 | 6.13 | 29.78 | 67.79 | |||
| QUOT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCHX | 2.18 | (0.14) | 0.00 | 4.62 | 0.00 | 5.11 | 15.95 | |||
| EVC | 3.33 | (0.07) | 0.00 | 0.88 | 0.00 | 6.09 | 33.87 | |||
| CMPR | 2.11 | (0.87) | 0.00 | (0.95) | 0.00 | 4.08 | 11.06 | |||
| TSQ | 1.60 | (0.23) | 0.00 | (0.22) | 0.00 | 4.49 | 9.99 | |||
| QNST | 2.15 | (0.13) | 0.00 | (0.11) | 0.00 | 4.47 | 16.33 |
Direct Digital Corporate Management
| Lashawnda Goffin | Chief SSP | Profile | |
| Kristie MacDonald | Senior Development | Profile | |
| Diana Diaz | Chief Officer | Profile | |
| Anu Pillai | Chief Officer | Profile | |
| Duyen CPA | Vice Culture | Profile | |
| Maria Lowrey | Chief Officer | Profile |