Dmc Global Correlations

BOOM Stock

USD 8.48 0.09 1.05%

The current 90-days correlation between Dmc Global and Houston American Energy is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dmc Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dmc Global moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dmc Global Correlation With Market

Very poor diversification

The correlation between Dmc Global and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dmc Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dmc Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Dmc Global. 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.

To learn how to invest in Dmc Stock, please use our How to Invest in Dmc Global guide.

Moving together with Dmc Stock

0.79	TW1	Tenaris SA Earnings Call This Week	Pair Corr
0.8	TS	Tenaris SA ADR	Pair Corr
0.83	CEU	CES Energy Solutions	Pair Corr
0.89	VTOL	Bristow Group	Pair Corr
0.85	WFRD	Weatherford International	Pair Corr
0.86	TWZ	Trican Well Service Earnings Call This Week	Pair Corr
0.8	AT	Ashtead Technology	Pair Corr
0.85	E1V	Eidesvik Offshore ASA	Pair Corr
0.85	WTTR	Select Energy Services	Pair Corr
0.91	FLOC	Flowco Holdings	Pair Corr
0.76	TGC	TGS ASA Earnings Call Today	Pair Corr
0.78	BKR	Baker Hughes	Pair Corr
0.93	CLB	Core Laboratories	Pair Corr
0.93	DTI	Drilling Tools Inter	Pair Corr
0.71	NOA	North American Const	Pair Corr
0.92	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.96	TGI	TETRA Technologies	Pair Corr
0.91	FTI	TechnipFMC PLC Earnings Call This Week	Pair Corr
0.84	S1P	SD STANDARD ETC Earnings Call This Week	Pair Corr
0.94	HAL	Halliburton	Pair Corr
0.75	HLX	Helix Energy Solutions	Pair Corr
0.73	KGS	Kodiak Gas Services	Pair Corr
0.77	NGS	Natural Gas Services	Pair Corr
0.81	NOA	North American Const Earnings Call This Week	Pair Corr
0.94	NOV	NOV Inc	Pair Corr
0.83	OII	Oceaneering International Earnings Call This Week	Pair Corr
0.94	OIS	Oil States International Earnings Call This Week	Pair Corr
0.95	SCL	Schlumberger Limited	Pair Corr
0.81	RES	RPC Inc	Pair Corr
0.78	1SD	Smart Sand	Pair Corr
0.64	SEI	Solaris Energy Infra	Pair Corr

Moving against Dmc Stock

0.42

LSE

Leishen Energy Holding

Pair Corr

Related Correlations Analysis

	HUSA	NUAI	AMTX	KGEI	INR	EPM	TYGO	NCSM	SPWR	GTE
HUSA		-0.49	0.27	0.29	-0.87	-0.02	-0.77	-0.3	-0.25	-0.77	HUSA
NUAI	-0.49		0.21	0.11	0.3	0.31	0.78	-0.04	0.63	0.69	NUAI
AMTX	0.27	0.21		0.25	-0.37	0.59	0.12	-0.59	0.0	0.02	AMTX
KGEI	0.29	0.11	0.25		-0.19	0.62	-0.09	-0.01	0.0	-0.06	KGEI
INR	-0.87	0.3	-0.37	-0.19		0.03	0.58	0.4	0.13	0.68	INR
EPM	-0.02	0.31	0.59	0.62	0.03		0.34	-0.15	-0.05	0.34	EPM
TYGO	-0.77	0.78	0.12	-0.09	0.58	0.34		0.0	0.44	0.83	TYGO
NCSM	-0.3	-0.04	-0.59	-0.01	0.4	-0.15	0.0		0.24	0.06	NCSM
SPWR	-0.25	0.63	0.0	0.0	0.13	-0.05	0.44	0.24		0.26	SPWR
GTE	-0.77	0.69	0.02	-0.06	0.68	0.34	0.83	0.06	0.26		GTE
	HUSA	NUAI	AMTX	KGEI	INR	EPM	TYGO	NCSM	SPWR	GTE

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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

GTE	+ 0.83	TYGO
TYGO	+ 0.78	NUAI
GTE	+ 0.69	NUAI
GTE	+ 0.68	INR
SPWR	+ 0.63	NUAI
EPM	+ 0.62	KGEI

High negative correlations

INR	- 0.87	HUSA
GTE	- 0.77	HUSA
TYGO	- 0.77	HUSA
NCSM	- 0.59	AMTX
NUAI	- 0.49	HUSA
INR	- 0.37	AMTX

Risk-Adjusted Indicators

There is a big difference between Dmc Stock performing well and Dmc Global 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 Dmc Global'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
HUSA	4.77	(1.94)	0.00	(2.29)	0.00	0.00	7.08	(11.54)	44.49
NUAI	8.86	0.34	0.03	0.56	10.31	(9.83)	19.87	(13.15)	56.80
AMTX	4.06	(0.25)	0.00	(0.05)	0.00	0.00	10.34	(8.05)	28.25
KGEI	2.12	(0.10)	0.00	(0.37)	0.00	0.00	4.09	(4.46)	11.70
INR	2.24	0.57	0.28	0.73	1.64	(2.85)	5.59	(3.09)	19.95
EPM	1.92	(0.03)	(0.03)	0.03	2.44	(2.07)	4.70	(4.48)	10.47
TYGO	5.73	0.73	0.14	0.48	5.07	(7.88)	18.24	(10.32)	46.00
NCSM	1.90	0.02	0.00	0.13	2.35	(2.00)	4.72	(4.03)	11.09
SPWR	3.02	(0.14)	(0.01)	0.03	3.42	(3.40)	6.96	(5.36)	16.38
GTE	3.24	0.66	0.11	(1.22)	4.29	(3.49)	6.71	(5.52)	23.69

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