DMD Digital Correlations

APTOF Stock

USD 1.45 0.06 3.97%

The current 90-days correlation between DMD Digital Health and Research Solutions is -0.29 (i.e., Very good diversification). The correlation of DMD 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.

DMD Digital Correlation With Market

Very good diversification

The correlation between DMD Digital Health and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DMD Digital Health and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DMD Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in DMD Digital Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with DMD Stock

0.69	SLP	Simulations Plus	Pair Corr
0.69	ALC	Alcidion Group	Pair Corr
0.78	INSP	Inspire Medical Systems	Pair Corr
0.77	ONE	Oneview Healthcare Plc	Pair Corr
0.84	PTEC	Principal Technologies Earnings Call This Week	Pair Corr
0.7	M7T	MACH7 Technologies	Pair Corr

Moving against DMD Stock

0.93	GDRX	Goodrx Holdings	Pair Corr
0.91	EVH	Evolent Health	Pair Corr
0.9	FDBK	Feedback PLC	Pair Corr
0.87	DOCS	Doximity	Pair Corr
0.79	PME	Pro Medicus	Pair Corr
0.78	VEEV	Veeva Systems Class	Pair Corr
0.74	PHR	Phreesia	Pair Corr
0.72	DH	Definitive Healthcare	Pair Corr
0.68	WORX	Scworx Corp	Pair Corr
0.66	WAY	Waystar Holding Corp	Pair Corr
0.58	GLH	Global Health	Pair Corr
0.58	DRIO	DarioHealth Corp	Pair Corr
0.46	SHG	Singular Health Group	Pair Corr
0.31	VSEE	VSee Health,	Pair Corr
0.88	VHI	Vitalhub Corp	Pair Corr
0.85	KOO	Kooth plc	Pair Corr
0.8	MDR	Medadvisor	Pair Corr
0.75	DOC	Doctor Care Anywhere	Pair Corr
0.68	HSTM	HealthStream	Pair Corr
0.66	WGSWW	GeneDx Holdings Corp	Pair Corr
0.6	CTQ	Careteq	Pair Corr
0.57	EMD	Emyria	Pair Corr
0.54	HCAT	Health Catalyst	Pair Corr
0.42	CHS	Comprehensive Healthcare Earnings Call Tomorrow	Pair Corr
0.77	KOVO	Kovo Healthtech Corp	Pair Corr
0.75	MYND	Myndai,	Pair Corr
0.57	300253	Shanghai Kingstar Winning	Pair Corr
0.49	TD1	Tali Digital Split	Pair Corr

Related Correlations Analysis

	RSSS	IDN	PSQH	RCT	MAPS	MLGO	PERF	TCGL	API	RDZN
RSSS		-0.58	0.78	0.45	0.8	0.86	0.63	-0.2	0.2	-0.81	RSSS
IDN	-0.58		-0.82	-0.63	-0.58	-0.8	-0.86	0.63	0.37	0.44	IDN
PSQH	0.78	-0.82		0.52	0.75	0.94	0.86	-0.53	-0.16	-0.68	PSQH
RCT	0.45	-0.63	0.52		0.28	0.55	0.5	-0.08	-0.32	-0.47	RCT
MAPS	0.8	-0.58	0.75	0.28		0.84	0.67	-0.36	0.29	-0.63	MAPS
MLGO	0.86	-0.8	0.94	0.55	0.84		0.86	-0.48	-0.01	-0.74	MLGO
PERF	0.63	-0.86	0.86	0.5	0.67	0.86		-0.59	-0.13	-0.47	PERF
TCGL	-0.2	0.63	-0.53	-0.08	-0.36	-0.48	-0.59		0.4	0.17	TCGL
API	0.2	0.37	-0.16	-0.32	0.29	-0.01	-0.13	0.4		0.0	API
RDZN	-0.81	0.44	-0.68	-0.47	-0.63	-0.74	-0.47	0.17	0.0		RDZN
	RSSS	IDN	PSQH	RCT	MAPS	MLGO	PERF	TCGL	API	RDZN

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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

MLGO	+ 0.94	PSQH
MLGO	+ 0.86	RSSS
PERF	+ 0.86	PSQH
PERF	+ 0.86	MLGO
MLGO	+ 0.84	MAPS
MAPS	+ 0.8	RSSS

High negative correlations

PERF	- 0.86	IDN
PSQH	- 0.82	IDN
RDZN	- 0.81	RSSS
MLGO	- 0.8	IDN
RDZN	- 0.74	MLGO
RDZN	- 0.68	PSQH

Risk-Adjusted Indicators

There is a big difference between DMD Stock performing well and DMD 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 DMD 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
RSSS	2.43	(0.54)	0.00	(0.27)	0.00	0.00	3.45	(3.79)	18.16
IDN	3.41	0.54	0.10	(0.27)	3.27	(4.05)	6.99	(5.34)	47.19
PSQH	4.29	(1.51)	0.00	(0.35)	0.00	0.00	7.18	(8.53)	31.41
RCT	4.30	(0.25)	0.00	(0.03)	0.00	0.00	11.05	(9.95)	29.76
MAPS	3.68	(0.51)	0.00	(0.28)	0.00	0.00	10.19	(6.90)	25.13
MLGO	3.97	(1.08)	0.00	(0.31)	0.00	0.00	7.48	(8.89)	21.96
PERF	2.24	(0.22)	0.00	(0.09)	0.00	0.00	4.71	(5.70)	17.60
TCGL	2.63	0.17	0.03	0.45	4.06	(2.69)	5.39	(3.51)	16.63
API	2.02	(0.02)	(0.01)	0.05	2.91	(2.19)	5.09	(4.34)	17.23
RDZN	4.72	1.34	0.26	1.19	4.07	(5.63)	14.37	(7.38)	32.71

DMD Digital Corporate Executives

Elected by the shareholders, the DMD Digital's board of directors comprises two types of representatives: DMD Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DMD. The board's role is to monitor DMD Digital's management team and ensure that shareholders' interests are well served. DMD Digital'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, DMD Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.

Fletcher Payne

CFO, VP

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