Viant Technology Correlations

DSP Stock

USD 20.73 1.12 5.71%

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

Average diversification

The correlation between Viant Technology and DJI is 0.13 (i.e., Average 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

0.86	DT	Dynatrace Holdings LLC	Pair Corr
0.83	DV	DoubleVerify Holdings	Pair Corr
0.73	KC	Kingsoft Cloud Holdings	Pair Corr
0.8	DUOL	Duolingo	Pair Corr
0.62	ENFN	Enfusion	Pair Corr
0.74	ESTC	Elastic NV	Pair Corr
0.71	EXFY	Expensify	Pair Corr
0.78	API	Agora Inc Tech Boost	Pair Corr

Moving against Viant Stock

0.69	DJCO	Daily Journal Corp	Pair Corr
0.45	WK	Workiva	Pair Corr
0.48	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.39	WBTN	WEBTOON Entertainment	Pair Corr
0.58	ANY	Sphere 3D Corp	Pair Corr
0.57	DMN	Damon Common Stock	Pair Corr
0.54	FICO	Fair Isaac Tech Boost	Pair Corr
0.49	DAY	Dayforce	Pair Corr
0.41	CYN	Cyngn Inc	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	0.41	-0.48	-0.16	-0.52	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	0.41	0.0	0.0		-0.34	-0.17	-0.75	ISDR
EGAN	0.0	0.0	0.0	-0.48	0.0	0.0	-0.34		0.71	0.52	EGAN
RSSS	0.0	0.0	0.0	-0.16	0.0	0.0	-0.17	0.71		0.2	RSSS
PYCR	0.0	0.0	0.0	-0.52	0.0	0.0	-0.75	0.52	0.2		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	+ 0.71	EGAN
PYCR	+ 0.52	EGAN
ISDR	+ 0.41	LAW
PYCR	+ 0.2	RSSS
MODN	+ 0.0	MNTV
MIXT	+ 0.0	MNTV

High negative correlations

PYCR	- 0.75	ISDR
PYCR	- 0.52	LAW
EGAN	- 0.48	LAW
EGAN	- 0.34	ISDR
RSSS	- 0.17	ISDR
RSSS	- 0.16	LAW

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	2.06	(0.09)	0.00	(0.22)	0.00	0.00	5.00	(3.89)	17.13
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	0.41	0.00	0.00	2.88	(3.61)	9.01
EGAN	2.82	0.09	0.02	0.21	4.57	(2.68)	6.13	(5.47)	32.81
RSSS	2.71	0.08	0.03	4.14	3.08	(2.98)	5.57	(5.44)	14.03
PYCR	1.35	0.51	0.44	1.51	0.55	(1.78)	3.37	(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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