Data Storage Correlations

DTST Stock

USD 3.63 0.06 1.68%

The current 90-days correlation between Data Storage Corp and Castellum is -0.04 (i.e., Good diversification). The correlation of Data Storage 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.

Data Storage Correlation With Market

Modest diversification

The correlation between Data Storage Corp and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data Storage Corp 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 Data Storage Corp. 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.

For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.

Moving together with Data Stock

0.89	DMRC	Digimarc	Pair Corr
0.84	VEEA	Veea Inc Symbol Change	Pair Corr
0.68	EPAM	EPAM Systems	Pair Corr
0.76	DXC	DXC Technology	Pair Corr
0.72	FIS	Fidelity National	Pair Corr
0.8	PSN	Parsons Corp	Pair Corr
0.82	UIS	Unisys	Pair Corr
0.8	VYX	NCR Voyix	Pair Corr
0.67	WIT	Wipro Limited ADR	Pair Corr
0.66	GDYN	Grid Dynamics Holdings	Pair Corr
0.83	XRX	Xerox Corp	Pair Corr
0.8	GLOB	Globant SA	Pair Corr
0.82	INFY	Infosys Ltd ADR	Pair Corr
0.67	LDOS	Leidos Holdings	Pair Corr

Moving against Data Stock

0.68	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.58	IBM	International Business	Pair Corr
0.48	FI	Fiserv,	Pair Corr
0.44	JZ	Jianzhi Education	Pair Corr
0.66	IBEX	IBEX	Pair Corr
0.49	ARBB	ARB IOT Group	Pair Corr
0.46	MGIC	Magic Software Enter	Pair Corr
0.32	WRD	WeRide American Depo	Pair Corr
0.32	JKHY	Jack Henry Associates	Pair Corr
0.31	NYAX	Nayax	Pair Corr

Related Correlations Analysis

	CTM	DIGAF	SASI	III	WAVD	WYY	USIO	AGIL	SLNHP	JFU
CTM		0.0	0.0	-0.07	0.0	0.0	-0.02	0.0	-0.23	0.04	CTM
DIGAF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DIGAF
SASI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SASI
III	-0.07	0.0	0.0		0.0	0.3	-0.39	0.0	-0.11	-0.05	III
WAVD	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	WAVD
WYY	0.0	0.0	0.0	0.3	0.0		-0.19	0.0	0.41	0.29	WYY
USIO	-0.02	0.0	0.0	-0.39	0.0	-0.19		0.0	0.63	-0.02	USIO
AGIL	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AGIL
SLNHP	-0.23	0.0	0.0	-0.11	0.0	0.41	0.63	0.0		0.08	SLNHP
JFU	0.04	0.0	0.0	-0.05	0.0	0.29	-0.02	0.0	0.08		JFU
	CTM	DIGAF	SASI	III	WAVD	WYY	USIO	AGIL	SLNHP	JFU

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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

SLNHP	+ 0.63	USIO
SLNHP	+ 0.41	WYY
WYY	+ 0.3	III
JFU	+ 0.29	WYY
JFU	+ 0.08	SLNHP
JFU	+ 0.04	CTM

High negative correlations

USIO	- 0.39	III
SLNHP	- 0.23	CTM
USIO	- 0.19	WYY
SLNHP	- 0.11	III
III	- 0.07	CTM
JFU	- 0.05	III

Risk-Adjusted Indicators

There is a big difference between Data Stock performing well and Data Storage 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 Data Storage'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
CTM	14.31	4.40	0.40	12.61	9.43	(20.74)	36.67	(18.37)	168.70
DIGAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SASI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
III	1.80	0.13	0.07	0.09	1.87	(2.21)	4.58	(3.24)	11.50
WAVD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WYY	3.47	(0.46)	0.00	(0.38)	0.00	0.00	7.27	(7.27)	18.53
USIO	4.32	0.41	0.08	0.48	4.60	(5.84)	8.97	(7.84)	51.62
AGIL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLNHP	3.75	(0.49)	0.00	0.37	0.00	0.00	8.10	(11.21)	28.88
JFU	2.31	0.14	0.05	0.35	3.06	(2.76)	5.23	(5.06)	16.16

Data Storage Corporate Management

Chuck Paolillo	Chief Officer	Profile
Colin Freeman	Managing Europe	Profile
Kristi Cates	Director Marketing	Profile
Mark Wyllie	Ex VP	Profile
Chris Panagiotakos	Chief Officer	Profile

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