Array Digital Correlations
| AD Stock | 53.62 0.19 0.35% |
The current 90-days correlation between Array Digital Infras and Telephone and Data is 0.66 (i.e., Poor diversification). The correlation of Array Digital 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.
Array Digital Correlation With Market
Weak diversification
The correlation between Array Digital Infrastructure and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Array Digital Infrastructure and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Array Stock
Moving against Array Stock
| 0.74 | AMX | America Movil SAB | PairCorr |
| 0.74 | TIMB | TIM Participacoes | PairCorr |
| 0.59 | CMWCF | Cromwell Property | PairCorr |
| 0.55 | RPID | Rapid Micro Biosystems | PairCorr |
| 0.39 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.33 | CICHF | China Construction Bank | PairCorr |
| 0.59 | NMRD | Nemaura Medical | PairCorr |
Related Correlations Analysis
| 0.0 | 0.29 | 0.0 | -0.01 | 0.04 | TDS | ||
| 0.0 | 0.0 | -1.0 | 0.0 | 0.0 | PHTCF | ||
| 0.29 | 0.0 | 0.0 | -0.24 | -0.32 | LBTYK | ||
| 0.0 | -1.0 | 0.0 | 0.0 | 0.0 | TOWTF | ||
| -0.01 | 0.0 | -0.24 | 0.0 | 0.82 | PCWLF | ||
| 0.04 | 0.0 | -0.32 | 0.0 | 0.82 | GSAT | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Array Stock performing well and Array Digital 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 Array Digital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TDS | 1.07 | 0.04 | 0.03 | 0.09 | 1.42 | 1.99 | 6.75 | |||
| PHTCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LBTYK | 1.28 | (0.16) | 0.00 | (0.08) | 0.00 | 3.01 | 7.30 | |||
| TOWTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PCWLF | 2.36 | 0.02 | 0.01 | 0.06 | 2.61 | 6.15 | 14.52 | |||
| GSAT | 4.06 | 0.80 | 0.20 | 0.29 | 4.15 | 7.61 | 32.90 |
Array Digital Corporate Management
| Jane McCahon | VP Secretary | Profile | |
| Jeffrey Hoersch | VP Controller | Profile | |
| Kevin Lowell | Chief VP | Profile | |
| Robert Jakubek | Senior Technology | Profile | |
| Colleen Thompson | Vice Relations | Profile | |
| Eric Jagher | Senior Officer | Profile |