DSS Correlations

DSS Stock

USD 0.94 0.02 2.17%

The correlation of DSS 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.

DSS Correlation With Market

Modest diversification

The correlation between DSS Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DSS 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 DSS 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 state.

Moving together with DSS Stock

0.65	ZONE	CleanCore Solutions Buyout Trend	Pair Corr
0.62	EVGOW	EVgo Equity Warrants	Pair Corr

Moving against DSS Stock

0.48	LZ	LegalZoom	Pair Corr
0.46	MG	Mistras Group Earnings Call This Week	Pair Corr
0.57	PYCR	Paycor HCM Sell-off Trend	Pair Corr
0.42	RECT	Rectitude Holdings	Pair Corr
0.42	TOMZ	TOMI Environmental	Pair Corr
0.4	AERTW	Aeries Technology	Pair Corr
0.36	KAR	KAR Auction Services	Pair Corr
0.7	AS	Amer Sports,	Pair Corr
0.54	EM	Smart Share Global	Pair Corr
0.51	WH	Wyndham Hotels Resorts	Pair Corr
0.48	SN	SharkNinja,	Pair Corr
0.4	TM	Toyota Motor	Pair Corr
0.38	BH	Biglari Holdings	Pair Corr

Related Correlations Analysis

	GDNPF	TUP	IFLXF	KRT	NEXNF	GEF	SON	REYN	MYE	SEE
GDNPF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GDNPF
TUP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TUP
IFLXF	0.0	0.0		-0.23	-0.35	0.26	0.1	0.12	-0.11	0.05	IFLXF
KRT	0.0	0.0	-0.23		0.29	0.26	0.37	0.01	0.66	0.37	KRT
NEXNF	0.0	0.0	-0.35	0.29		0.16	0.43	0.23	0.19	0.36	NEXNF
GEF	0.0	0.0	0.26	0.26	0.16		0.87	0.53	0.08	0.81	GEF
SON	0.0	0.0	0.1	0.37	0.43	0.87		0.68	0.15	0.84	SON
REYN	0.0	0.0	0.12	0.01	0.23	0.53	0.68		-0.05	0.67	REYN
MYE	0.0	0.0	-0.11	0.66	0.19	0.08	0.15	-0.05		0.39	MYE
SEE	0.0	0.0	0.05	0.37	0.36	0.81	0.84	0.67	0.39		SEE
	GDNPF	TUP	IFLXF	KRT	NEXNF	GEF	SON	REYN	MYE	SEE

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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

SON	+ 0.87	GEF
SEE	+ 0.84	SON
SEE	+ 0.81	GEF
REYN	+ 0.68	SON
SEE	+ 0.67	REYN
MYE	+ 0.66	KRT

High negative correlations

NEXNF	- 0.35	IFLXF
KRT	- 0.23	IFLXF
MYE	- 0.11	IFLXF
MYE	- 0.05	REYN
SEE	- 0.0	TUP
MYE	- 0.0	TUP

Risk-Adjusted Indicators

There is a big difference between DSS Stock performing well and DSS 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 DSS'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
GDNPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TUP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFLXF	0.28	(0.15)	0.00	0.37	0.00	0.00	0.00	0.00	9.09
KRT	1.45	0.10	0.05	0.74	2.01	(1.37)	3.66	(2.98)	9.00
NEXNF	3.46	(0.45)	0.00	4.38	0.00	0.00	11.11	(7.41)	20.83
GEF	1.10	(0.18)	0.00	(4.55)	0.00	0.00	1.72	(2.32)	8.73
SON	1.00	(0.11)	0.00	(1.26)	0.00	0.00	1.96	(2.04)	6.73
REYN	1.04	(0.11)	0.00	(0.59)	0.00	0.00	1.73	(1.97)	8.71
MYE	1.96	(0.06)	0.00	(0.58)	0.00	0.00	3.73	(4.63)	13.99
SEE	1.08	(0.16)	0.00	1.66	0.00	0.00	1.85	(2.12)	5.49

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