Datawalk Correlations

DAT Stock

155.74 4.26 2.66%

The current 90-days correlation between Datawalk SA and Quantum Software SA is 0.11 (i.e., Average diversification). The correlation of Datawalk 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.

Datawalk Correlation With Market

Very poor diversification

The correlation between Datawalk SA and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Datawalk SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Datawalk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Datawalk when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Datawalk - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Datawalk SA to buy it.

Moving together with Datawalk Stock

0.9	SAN	Banco Santander SA	Pair Corr
0.86	UCG	UniCredit SpA	Pair Corr
0.77	PKN	Polski Koncern Naftowy	Pair Corr
0.87	SPL	Santander Bank Polska	Pair Corr
0.9	KGH	KGHM Polska Miedz	Pair Corr
0.84	PEO	Bank Polska Kasa	Pair Corr
0.84	ART	Artifex Mundi SA	Pair Corr
0.81	PCR	PCC Rokita SA	Pair Corr
0.92	CAR	Inter Cars SA	Pair Corr
0.91	GRX	GreenX Metals	Pair Corr
0.93	BHW	Bank Handlowy w	Pair Corr
0.96	WWL	WAWEL SA	Pair Corr
0.81	MIL	Bank Millennium SA Earnings Call This Week	Pair Corr
0.92	BNP	BNP Paribas Bank	Pair Corr
0.64	KER	Kernel Holding SA Earnings Call This Week	Pair Corr
0.89	BFT	Benefit Systems SA	Pair Corr
0.9	TEN	TEN SQUARE GAMES	Pair Corr
0.91	SNT	Synektik SA	Pair Corr
0.72	TRR	Termorex	Pair Corr
0.76	IZO	Izolacja Jarocin	Pair Corr
0.66	MEG	Megaron SA	Pair Corr
0.87	URT	Urteste SA	Pair Corr
0.74	ALL	Ailleron SA	Pair Corr
0.8	VRC	Vercom SA	Pair Corr
0.93	ENT	Enter Air SA	Pair Corr
0.85	XTB	X Trade Brokers	Pair Corr
0.75	TPE	Tauron Polska Energia	Pair Corr
0.92	ATP	Atlanta Poland SA	Pair Corr
0.78	QNT	Quantum Software	Pair Corr
0.61	DEL	Delko SA	Pair Corr

Moving against Datawalk Stock

0.66	ALE	Allegroeu SA	Pair Corr
0.58	CEZ	CEZ as	Pair Corr
0.53	DNP	Dino Polska SA	Pair Corr

Related Correlations Analysis

	3RG	ICG	SWM	LSI	CFG	ENT	QNT
3RG		0.65	0.35	-0.66	0.29	-0.61	-0.51	3RG
ICG	0.65		0.38	-0.79	0.26	-0.73	-0.52	ICG
SWM	0.35	0.38		-0.22	0.28	-0.04	0.11	SWM
LSI	-0.66	-0.79	-0.22		-0.24	0.86	0.71	LSI
CFG	0.29	0.26	0.28	-0.24		-0.36	-0.36	CFG
ENT	-0.61	-0.73	-0.04	0.86	-0.36		0.91	ENT
QNT	-0.51	-0.52	0.11	0.71	-0.36	0.91		QNT
	3RG	ICG	SWM	LSI	CFG	ENT	QNT

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

QNT	+ 0.91	ENT
ENT	+ 0.86	LSI
QNT	+ 0.71	LSI
ICG	+ 0.65	3RG
SWM	+ 0.38	ICG
SWM	+ 0.35	3RG

High negative correlations

LSI	- 0.79	ICG
ENT	- 0.73	ICG
LSI	- 0.66	3RG
ENT	- 0.61	3RG
QNT	- 0.52	ICG
QNT	- 0.51	3RG

Risk-Adjusted Indicators

There is a big difference between Datawalk Stock performing well and Datawalk 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 Datawalk'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
3RG	2.35	(0.34)	0.00	2.82	0.00	0.00	4.55	(4.35)	16.47
ICG	3.99	(0.33)	0.00	(0.34)	0.00	0.00	9.68	(7.41)	37.17
SWM	2.19	(0.24)	0.00	(0.23)	0.00	0.00	3.83	(4.15)	14.09
LSI	1.44	0.29	0.14	1.10	1.18	(2.08)	4.73	(2.41)	10.15
CFG	2.49	0.19	0.02	(0.28)	2.97	(3.59)	5.26	(6.57)	22.45
ENT	1.20	0.20	0.10	2.06	1.10	(1.38)	3.67	(2.02)	7.98
QNT	2.47	0.59	0.12	(2.73)	2.60	(4.88)	5.76	(5.41)	35.98

Datawalk Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Datawalk stock to make a market-neutral strategy. Peer analysis of Datawalk could also be used in its relative valuation, which is a method of valuing Datawalk by comparing valuation metrics with similar companies.

3R Games SA Ice Code Games SOFTWARE MANSION SPOLKA LSI Software SA Creativeforge Games SA Enter Air SA Quantum Software SA American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC