Viant Technology Correlations

DSP Stock

USD 12.46 0.25 2.05%

The correlation of Viant Technology 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.

Viant Technology Correlation With Market

Very weak diversification

The correlation between Viant Technology and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viant Technology 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 Viant Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Viant Stock, please use our How to Invest in Viant Technology guide.

Moving together with Viant Stock

0.64	AI	C3 Ai Inc	Pair Corr
0.82	DT	Dynatrace Holdings LLC	Pair Corr
0.9	DV	DoubleVerify Holdings	Pair Corr
0.77	EB	Eventbrite Class A	Pair Corr
0.65	PD	Pagerduty	Pair Corr
0.76	ZM	Zoom Video Communications Sell-off Trend	Pair Corr
0.68	VERX	Vertex	Pair Corr
0.87	DSGX	Descartes Systems	Pair Corr
0.85	DUOL	Duolingo Tech Boost	Pair Corr
0.7	VMEO	Vimeo Inc	Pair Corr
0.8	VTEX	VTEX	Pair Corr
0.85	EGHT	8x8 Common Stock	Pair Corr
0.73	ELWS	Earlyworks Co,	Pair Corr
0.66	WDAY	Workday	Pair Corr
0.82	ESTC	Elastic NV	Pair Corr
0.71	ETWO	E2open Parent Holdings	Pair Corr

Moving against Viant Stock

0.64

Quhuo

Pair Corr

Related Correlations Analysis

	MNTV	MODN	MIXT	LAW	PWSC	IDXAF	ISDR	EGAN	RSSS	PYCR
MNTV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNTV
MODN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MODN
MIXT	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MIXT
LAW	0.0	0.0	0.0		0.0	0.0	0.59	0.4	0.61	-0.35	LAW
PWSC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PWSC
IDXAF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IDXAF
ISDR	0.0	0.0	0.0	0.59	0.0	0.0		0.61	0.81	-0.55	ISDR
EGAN	0.0	0.0	0.0	0.4	0.0	0.0	0.61		0.83	-0.09	EGAN
RSSS	0.0	0.0	0.0	0.61	0.0	0.0	0.81	0.83		-0.52	RSSS
PYCR	0.0	0.0	0.0	-0.35	0.0	0.0	-0.55	-0.09	-0.52		PYCR
	MNTV	MODN	MIXT	LAW	PWSC	IDXAF	ISDR	EGAN	RSSS	PYCR

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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

RSSS	+ 0.83	EGAN
RSSS	+ 0.81	ISDR
RSSS	+ 0.61	LAW
EGAN	+ 0.61	ISDR
ISDR	+ 0.59	LAW
EGAN	+ 0.4	LAW

High negative correlations

PYCR	- 0.55	ISDR
PYCR	- 0.52	RSSS
PYCR	- 0.35	LAW
PYCR	- 0.09	EGAN
PYCR	- 0.0	IDXAF
RSSS	- 0.0	IDXAF

Risk-Adjusted Indicators

There is a big difference between Viant Stock performing well and Viant Technology 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 Viant Technology'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
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LAW	2.11	(0.39)	0.00	(0.61)	0.00	0.00	4.09	(4.79)	15.04
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDXAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISDR	1.73	(0.13)	0.00	(7.10)	0.00	0.00	2.88	(3.61)	9.01
EGAN	2.54	(0.22)	0.00	0.42	0.00	0.00	5.05	(5.04)	32.81
RSSS	2.33	(0.41)	0.00	(1.68)	0.00	0.00	4.45	(5.48)	14.03
PYCR	0.87	0.19	0.23	1.23	0.70	(1.19)	1.09	(1.47)	26.32

Viant Technology Corporate Management

Tim Vanderhook	Chairman CoFounder	Profile
Brad Samson	Vice Relations	Profile
Dustin Kwan	Chief Officer	Profile
Nicholas CFA	Vice Relations	Profile
Linh Chung	Chief Officer	Profile
Chris Vanderhook	COO CoFounder	Profile
Russell Vanderhook	CoFounder VP	Profile

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