Datadot Technology Correlations

DDT Stock

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The current 90-days correlation between Datadot Technology and Pure Hydrogen is 0.03 (i.e., Significant diversification). The correlation of Datadot Technology 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.

Datadot Technology Correlation With Market

Very good diversification

The correlation between Datadot Technology and DJI is -0.4 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Datadot Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Datadot Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Datadot Technology 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 Datadot Technology - 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 Datadot Technology to buy it.

Moving against Datadot Stock

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0.46	CBAPI	Commonwealth Bank	Pair Corr
0.46	ETM	Energy Transition	Pair Corr
0.4	BHP	BHP Group Earnings Call This Week	Pair Corr
0.4	PGO	Pacgold	Pair Corr
0.4	RG8	Regal Asian Investments Earnings Call Tomorrow	Pair Corr
0.39	WES	Wesfarmers Earnings Call Next Week	Pair Corr
0.38	RC1	Redcastle Resources Split	Pair Corr
0.38	WR1	Winsome Resources	Pair Corr
0.35	ATM	Aneka Tambang TBK	Pair Corr
0.35	AAI	Alcoa	Pair Corr
0.34	LOT	Lotus Resources Split	Pair Corr
0.32	RIO	RIO Tinto	Pair Corr
0.59	AZY	Antipa Minerals	Pair Corr
0.56	DTL	Data 3	Pair Corr
0.53	DAL	Dalaroo Metals	Pair Corr
0.52	BSL	Bluescope Steel Earnings Call This Week	Pair Corr
0.47	NST	Northern Star Resources Earnings Call This Week	Pair Corr
0.45	AMI	Aurelia Metals	Pair Corr
0.44	ABV	Advanced Braking Tec	Pair Corr
0.44	EVN	Evolution Mining Earnings Call Tomorrow	Pair Corr
0.43	RSG	Resolute Mining	Pair Corr
0.37	IOV	Ion Video Split	Pair Corr
0.36	PFT	Pure Foods Tasmania	Pair Corr
0.36	AGC	Australian Gold	Pair Corr

Related Correlations Analysis

	KLR	PH2	VFX	SLM	MDX	LTP	DY6	DTR
KLR		0.32	-0.27	0.6	0.28	0.0	0.62	0.12	KLR
PH2	0.32		-0.41	0.38	0.66	-0.65	0.52	-0.24	PH2
VFX	-0.27	-0.41		-0.34	-0.49	0.25	-0.52	0.23	VFX
SLM	0.6	0.38	-0.34		0.52	-0.08	0.54	-0.07	SLM
MDX	0.28	0.66	-0.49	0.52		-0.58	0.59	-0.4	MDX
LTP	0.0	-0.65	0.25	-0.08	-0.58		-0.42	0.21	LTP
DY6	0.62	0.52	-0.52	0.54	0.59	-0.42		-0.23	DY6
DTR	0.12	-0.24	0.23	-0.07	-0.4	0.21	-0.23		DTR
	KLR	PH2	VFX	SLM	MDX	LTP	DY6	DTR

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

MDX	+ 0.66	PH2
DY6	+ 0.62	KLR
SLM	+ 0.6	KLR
DY6	+ 0.59	MDX
DY6	+ 0.54	SLM
DY6	+ 0.52	PH2

High negative correlations

LTP	- 0.65	PH2
LTP	- 0.58	MDX
DY6	- 0.52	VFX
MDX	- 0.49	VFX
DY6	- 0.42	LTP
VFX	- 0.41	PH2

Risk-Adjusted Indicators

There is a big difference between Datadot Stock performing well and Datadot Technology 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 Datadot Technology'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
KLR	3.90	(0.40)	0.00	0.90	0.00	0.00	12.50	(10.53)	32.50
PH2	2.72	(0.16)	0.00	(0.47)	0.00	0.00	6.10	(5.06)	11.93
VFX	558.46	304.17	6.30	(2.25)	15.03	(1,231)	4,900	(24.00)	4,998
SLM	2.28	(0.47)	0.00	1.14	0.00	0.00	4.26	(6.25)	18.31
MDX	1.95	(0.23)	0.00	0.98	0.00	0.00	4.88	(4.76)	21.39
LTP	3.57	0.04	0.01	0.12	3.75	(5.07)	9.30	(7.27)	30.67
DY6	5.96	(0.50)	0.00	3.09	0.00	0.00	14.29	(14.29)	51.67
DTR	5.83	0.68	0.05	(0.39)	6.47	(8.27)	14.29	(13.64)	36.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Datadot Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Datadot Technology Corporate Executives

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

	Andrew Hunt	CFO Secretary	Profile
	Paul Tosi	CFO Secretary	Profile

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