DigiMax Global Correlations
| DBKSF Stock | USD 0.06 0.01 9.98% |
The correlation of DigiMax Global 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.
DigiMax Global Correlation With Market
Very good diversification
The correlation between DigiMax Global and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigiMax Global and DJI in the same portfolio, assuming nothing else is changed.
DigiMax |
The ability to find closely correlated positions to DigiMax Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigiMax Global 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 DigiMax Global - 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 DigiMax Global to buy it.
Moving against DigiMax Pink Sheet
| 0.68 | SHG | Shinhan Financial | PairCorr |
| 0.66 | KB | KB Financial Group | PairCorr |
| 0.56 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.47 | BKRKF | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.71 | WF | Woori Financial Group | PairCorr |
| 0.7 | CRNZF | Cairn Energy PLC | PairCorr |
| 0.54 | EQIX | Equinix | PairCorr |
| 0.54 | ACNE | Alice Consolidated Mines | PairCorr |
| 0.49 | RHHVF | Roche Holding AG | PairCorr |
| 0.45 | JUTOY | Jutal Offshore Oil | PairCorr |
| 0.4 | SNPMF | China Petroleum Chemical | PairCorr |
| 0.37 | MOS | Mosaic Earnings Call Today | PairCorr |
| 0.34 | HROW | Harrow Health | PairCorr |
| 0.32 | BNL | Broadstone Net Lease | PairCorr |
| 0.65 | OTSKY | Otsuka Holdings | PairCorr |
| 0.65 | AM | Antero Midstream Partners | PairCorr |
| 0.56 | WBRBF | Wienerberger AG | PairCorr |
| 0.54 | NINTF | Ninety One Group | PairCorr |
| 0.5 | SFNC | Simmons First National | PairCorr |
| 0.41 | DMLP | Dorchester Minerals Earnings Call This Week | PairCorr |
Related Correlations Analysis
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 DigiMax Pink Sheet performing well and DigiMax 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 DigiMax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLBR | 14.81 | 4.95 | 0.00 | 0.55 | 0.00 | 0.00 | 480.00 | |||
| AHFD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WSFGQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FRNV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMFX | 0.50 | 0.26 | 0.00 | (0.93) | 0.00 | 0.00 | 16.67 | |||
| SPOI | 5.97 | 3.00 | 0.00 | 9.21 | 0.00 | 0.00 | 200.00 | |||
| DMCD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UMAX | 1.49 | (0.70) | 0.00 | 0.76 | 0.00 | 0.00 | 50.00 | |||
| SYSX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
DigiMax Global 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 DigiMax Global pink sheet to make a market-neutral strategy. Peer analysis of DigiMax Global could also be used in its relative valuation, which is a method of valuing DigiMax Global by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DigiMax Global Corporate Management
| Yossi Nevo | COO Director | Profile | |
| Sergey Shilnov | Chief Officer | Profile | |
| Christopher Carl | CEO Pres | Profile | |
| David Berman | CDO | Profile | |
| Ofir Friedman | Chief Director | Profile | |
| Norm Akierman | Pres DataNavee | Profile | |
| Yoav Sivan | Chief Officer | Profile |