DigiAsia Corp Correlations

FAAS Stock

0.64 0.05 7.83%

The current 90-days correlation between DigiAsia Corp and SentinelOne is 0.02 (i.e., Significant diversification). The correlation of DigiAsia Corp 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.

DigiAsia Corp Correlation With Market

Good diversification

The correlation between DigiAsia Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigiAsia 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 DigiAsia 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 nation.

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

Moving together with DigiAsia Stock

0.63

VRNS

Varonis Systems

Pair Corr

Moving against DigiAsia Stock

0.77	FLYW	Flywire Corp	Pair Corr
0.76	NN	Nextnav Acquisition Corp	Pair Corr
0.73	FIVN	Five9 Inc	Pair Corr
0.72	EVCM	EverCommerce	Pair Corr
0.61	ZS	Zscaler	Pair Corr
0.6	S	SentinelOne	Pair Corr
0.58	GEN	Gen Digital Sell-off Trend	Pair Corr
0.54	EVTC	Evertec	Pair Corr
0.53	CETXP	Cemtrex Pref	Pair Corr
0.53	DBX	Dropbox	Pair Corr
0.52	DLO	Dlocal	Pair Corr
0.44	BOX	Box Inc Earnings Call This Week	Pair Corr
0.38	DTSS	Datasea	Pair Corr
0.36	GB	Global Blue Group	Pair Corr
0.73	PAY	Paymentus Holdings	Pair Corr
0.73	GDDY	Godaddy	Pair Corr
0.66	ZUO	Zuora Inc Sell-off Trend	Pair Corr
0.6	LIDRW	AEye Inc	Pair Corr
0.6	GTLB	Gitlab Inc Earnings Call This Week	Pair Corr
0.58	FTNT	Fortinet	Pair Corr
0.54	WIX	WixCom	Pair Corr
0.52	NET	Cloudflare	Pair Corr
0.47	SWI	SolarWinds Corp	Pair Corr
0.44	YEXT	Yext Inc Earnings Call This Week	Pair Corr
0.4	MDB	MongoDB Earnings Call This Week	Pair Corr
0.35	ODD	ODDITY Tech	Pair Corr
0.34	RPD	Rapid7 Inc	Pair Corr

Related Correlations Analysis

	S	CYBR	MDB	APPN	ZS	GDDY	EVCM	SPSC	FLYW	AVDX
S		0.82	0.36	0.66	0.84	0.83	0.71	-0.26	0.64	0.78	S
CYBR	0.82		0.46	0.48	0.81	0.86	0.65	0.0	0.7	0.82	CYBR
MDB	0.36	0.46		0.42	0.3	0.54	0.59	-0.02	0.6	0.6	MDB
APPN	0.66	0.48	0.42		0.53	0.73	0.8	-0.42	0.68	0.77	APPN
ZS	0.84	0.81	0.3	0.53		0.86	0.66	-0.06	0.7	0.75	ZS
GDDY	0.83	0.86	0.54	0.73	0.86		0.85	-0.18	0.9	0.96	GDDY
EVCM	0.71	0.65	0.59	0.8	0.66	0.85		-0.18	0.84	0.89	EVCM
SPSC	-0.26	0.0	-0.02	-0.42	-0.06	-0.18	-0.18		-0.23	-0.24	SPSC
FLYW	0.64	0.7	0.6	0.68	0.7	0.9	0.84	-0.23		0.93	FLYW
AVDX	0.78	0.82	0.6	0.77	0.75	0.96	0.89	-0.24	0.93		AVDX
	S	CYBR	MDB	APPN	ZS	GDDY	EVCM	SPSC	FLYW	AVDX

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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

AVDX	+ 0.96	GDDY
AVDX	+ 0.93	FLYW
FLYW	+ 0.9	GDDY
AVDX	+ 0.89	EVCM
GDDY	+ 0.86	CYBR
GDDY	+ 0.86	ZS

High negative correlations

SPSC	- 0.42	APPN
SPSC	- 0.26	S
AVDX	- 0.24	SPSC
FLYW	- 0.23	SPSC
SPSC	- 0.18	EVCM
SPSC	- 0.18	GDDY

Risk-Adjusted Indicators

There is a big difference between DigiAsia Stock performing well and DigiAsia Corp 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 DigiAsia Corp'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
S	2.01	0.01	0.04	0.13	2.01	(2.34)	5.09	(3.63)	12.03
CYBR	1.46	0.12	0.07	0.24	1.56	(1.57)	3.32	(2.86)	8.13
MDB	2.48	0.30	0.18	0.29	1.89	(2.95)	6.18	(3.09)	23.05
APPN	1.91	0.13	0.08	0.22	1.77	(2.22)	4.73	(3.11)	11.10
ZS	1.91	(0.02)	0.00	0.10	3.72	(1.94)	3.73	(3.37)	20.36
GDDY	1.18	0.17	0.11	0.27	1.37	(1.25)	3.13	(2.10)	6.71
EVCM	1.35	0.22	0.07	1.16	1.66	(1.56)	3.46	(2.45)	13.03
SPSC	1.33	(0.26)	0.00	(0.01)	0.00	0.00	2.68	(2.74)	13.74
FLYW	1.93	0.27	0.12	0.44	1.74	(2.36)	3.40	(2.85)	19.12
AVDX	1.62	0.30	0.27	0.26	1.27	(2.04)	4.07	(2.79)	16.68

DigiAsia Corp Corporate Executives

Elected by the shareholders, the DigiAsia Corp's board of directors comprises two types of representatives: DigiAsia Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DigiAsia. The board's role is to monitor DigiAsia Corp's management team and ensure that shareholders' interests are well served. DigiAsia Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DigiAsia Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Subir Lohani

CFO Officer

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