DoubleVerify Holdings Correlations

DV Stock

USD 20.35 0.15 0.73%

The current 90-days correlation between DoubleVerify Holdings and Blackline is 0.39 (i.e., Weak diversification). The correlation of DoubleVerify Holdings 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.

DoubleVerify Holdings Correlation With Market

Very weak diversification

The correlation between DoubleVerify Holdings and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DoubleVerify Holdings 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 DoubleVerify Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

Moving together with DoubleVerify Stock

0.77	DJCO	Daily Journal Corp	Pair Corr
0.86	EB	Eventbrite Class A	Pair Corr
0.78	ML	MoneyLion	Pair Corr
0.83	PD	Pagerduty Earnings Call Today	Pair Corr
0.68	WK	Workiva	Pair Corr
0.7	ZM	Zoom Video Communications	Pair Corr
0.75	DOMO	Domo Inc Earnings Call Today	Pair Corr
0.82	DTRK	DATATRAK International	Pair Corr
0.81	VMEO	Vimeo Inc	Pair Corr
0.68	EGHT	8x8 Common Stock	Pair Corr
0.91	WDAY	Workday Downward Rally	Pair Corr

Moving against DoubleVerify Stock

0.37	QH	Quhuo	Pair Corr
0.55	ELCO	Elcom International	Pair Corr
0.52	VTEX	VTEX	Pair Corr
0.38	WALD	Waldencast Acquisition	Pair Corr
0.59	BMR	Beamr Imaging	Pair Corr
0.55	XELAP	Exela Technologies Earnings Call Today	Pair Corr

Related Correlations Analysis

	BL	MANH	AZPN	ANSS	MODN	LAW	GWRE	ENFN	EXFY	CWAN
BL		0.6	0.86	0.85	0.63	0.52	0.89	0.8	0.27	0.88	BL
MANH	0.6		0.48	0.48	0.59	0.67	0.62	0.5	-0.2	0.35	MANH
AZPN	0.86	0.48		0.79	0.67	0.4	0.85	0.84	0.36	0.86	AZPN
ANSS	0.85	0.48	0.79		0.51	0.32	0.74	0.78	0.53	0.93	ANSS
MODN	0.63	0.59	0.67	0.51		0.6	0.83	0.63	-0.03	0.47	MODN
LAW	0.52	0.67	0.4	0.32	0.6		0.54	0.34	-0.46	0.23	LAW
GWRE	0.89	0.62	0.85	0.74	0.83	0.54		0.82	0.16	0.77	GWRE
ENFN	0.8	0.5	0.84	0.78	0.63	0.34	0.82		0.4	0.82	ENFN
EXFY	0.27	-0.2	0.36	0.53	-0.03	-0.46	0.16	0.4		0.57	EXFY
CWAN	0.88	0.35	0.86	0.93	0.47	0.23	0.77	0.82	0.57		CWAN
	BL	MANH	AZPN	ANSS	MODN	LAW	GWRE	ENFN	EXFY	CWAN

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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

CWAN	+ 0.93	ANSS
GWRE	+ 0.89	BL
CWAN	+ 0.88	BL
AZPN	+ 0.86	BL
CWAN	+ 0.86	AZPN
ANSS	+ 0.85	BL

High negative correlations

EXFY	- 0.46	LAW
EXFY	- 0.2	MANH
EXFY	- 0.03	MODN

Risk-Adjusted Indicators

There is a big difference between DoubleVerify Stock performing well and DoubleVerify Holdings 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 DoubleVerify Holdings' 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
BL	1.36	0.17	0.15	0.23	1.30	(1.49)	3.61	(2.19)	7.65
MANH	1.33	(0.03)	0.02	0.10	1.86	(1.38)	3.13	(2.66)	10.50
AZPN	1.02	0.14	0.09	0.29	1.04	(1.10)	2.39	(2.08)	8.52
ANSS	1.17	0.01	0.01	0.13	1.36	(1.21)	2.76	(2.32)	10.35
MODN	0.50	0.14	0.05	1.09	0.29	(0.69)	1.01	(0.50)	10.58
LAW	1.46	(0.17)	(0.04)	0.02	1.88	(1.60)	3.61	(3.18)	10.45
GWRE	0.96	0.44	0.42	0.97	0.00	(1.23)	2.79	(1.56)	14.09
ENFN	1.62	0.18	0.12	0.27	1.56	(1.95)	3.93	(2.90)	10.11
EXFY	3.64	0.45	0.17	0.37	2.87	(5.30)	11.36	(4.19)	27.58
CWAN	1.41	0.29	0.19	0.35	1.28	(1.53)	2.80	(2.76)	18.70

DoubleVerify Holdings Corporate Management

James Cashmore	VP Partnerships	Profile
Nisim Tal	Chief Officer	Profile
Tejal Engman	Senior Relations	Profile
Dan Slivjanovski	Chief Officer	Profile
Andrew Grimmig	Chief Legal Officer	Profile

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