DMD Digital Correlations

APTOF Stock

USD 1.67 0.01 0.60%

The current 90-days correlation between DMD Digital Health and Bullfrog AI Holdings is 0.03 (i.e., Significant 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

Average diversification

The correlation between DMD Digital Health and DJI is 0.16 (i.e., Average 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 employment.

Moving against DMD Stock

0.63	EVH	Evolent Health	Pair Corr
0.59	EMO	EM Systems	Pair Corr
0.57	VEEV	Veeva Systems Class	Pair Corr
0.51	DH	Definitive Healthcare Earnings Call This Week	Pair Corr
0.5	PHR	Phreesia Potential Growth	Pair Corr
0.49	4LL	Teladoc	Pair Corr
0.46	VSEE	VSee Health	Pair Corr
0.43	7XE	NIGHTINGALE HEALTH	Pair Corr
0.43	DOCS	Doximity	Pair Corr
0.36	PME	Pro Medicus	Pair Corr
0.34	GLH	Global Health	Pair Corr
0.34	WORX	Scworx Corp	Pair Corr
0.67	GDRX	Goodrx Holdings	Pair Corr
0.49	EQS	Equasens S A	Pair Corr
0.48	VHI	Vitalhub Corp	Pair Corr
0.46	WAY	Waystar Holding Corp	Pair Corr
0.42	SHG	Singular Health Group	Pair Corr
0.35	HL5	HealthStream	Pair Corr
0.32	HSTM	HealthStream	Pair Corr

Related Correlations Analysis

	BFRG	TNON	SNSE	EVGN	TRAW	IMNN	BOLT	AEON	XAIR	CING
BFRG		0.9	-0.25	0.4	0.01	0.76	-0.33	-0.63	-0.15	-0.86	BFRG
TNON	0.9		-0.15	0.51	0.14	0.78	-0.34	-0.57	0.1	-0.9	TNON
SNSE	-0.25	-0.15		0.02	-0.27	-0.12	0.57	0.52	0.28	0.22	SNSE
EVGN	0.4	0.51	0.02		0.15	0.52	-0.33	-0.31	0.16	-0.43	EVGN
TRAW	0.01	0.14	-0.27	0.15		0.16	0.1	-0.31	0.56	0.01	TRAW
IMNN	0.76	0.78	-0.12	0.52	0.16		-0.27	-0.55	0.03	-0.74	IMNN
BOLT	-0.33	-0.34	0.57	-0.33	0.1	-0.27		0.61	0.25	0.49	BOLT
AEON	-0.63	-0.57	0.52	-0.31	-0.31	-0.55	0.61		0.09	0.61	AEON
XAIR	-0.15	0.1	0.28	0.16	0.56	0.03	0.25	0.09		0.07	XAIR
CING	-0.86	-0.9	0.22	-0.43	0.01	-0.74	0.49	0.61	0.07		CING
	BFRG	TNON	SNSE	EVGN	TRAW	IMNN	BOLT	AEON	XAIR	CING

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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

TNON	+ 0.9	BFRG
IMNN	+ 0.78	TNON
IMNN	+ 0.76	BFRG
AEON	+ 0.61	BOLT
CING	+ 0.61	AEON
BOLT	+ 0.57	SNSE

High negative correlations

CING	- 0.9	TNON
CING	- 0.86	BFRG
CING	- 0.74	IMNN
AEON	- 0.63	BFRG
AEON	- 0.57	TNON
AEON	- 0.55	IMNN

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
BFRG	4.34	(1.38)	0.00	(0.31)	0.00	0.00	11.76	(9.09)	27.69
TNON	3.14	(0.70)	0.00	(0.62)	0.00	0.00	6.38	(8.53)	32.51
SNSE	4.97	0.07	0.02	0.11	5.59	(6.24)	17.33	(10.69)	36.61
EVGN	2.69	(0.32)	0.00	(0.28)	0.00	0.00	4.20	(7.02)	24.86
TRAW	7.06	0.46	0.05	0.73	8.91	(8.27)	17.70	(12.90)	58.96
IMNN	3.04	(0.17)	0.00	(0.38)	0.00	0.00	6.74	(5.45)	21.83
BOLT	3.08	0.06	0.01	0.18	3.85	(3.37)	8.22	(6.86)	18.32
AEON	4.33	0.20	0.03	0.28	5.25	(5.03)	10.34	(8.65)	33.74
XAIR	7.39	0.48	0.04	(0.12)	6.15	(13.15)	14.46	(10.16)	163.02
CING	3.77	0.77	0.16	0.45	4.59	(3.96)	8.45	(6.75)	24.88

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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