DevvStream Corp Correlations

DEVS Stock

1.19 0.13 9.85%

The current 90-days correlation between DevvStream Corp Common and Iveda Solutions is -0.01 (i.e., Good diversification). The correlation of DevvStream Corp 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.

DevvStream Corp Correlation With Market

Excellent diversification

The correlation between DevvStream Corp Common and DJI is -0.55 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DevvStream Corp Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DevvStream Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DevvStream Corp Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with DevvStream Stock

0.71	VCIG	VCI Global Limited	Pair Corr
0.66	0QUU	Afry AB	Pair Corr
0.61	MEG	Montrose Environmental	Pair Corr
0.62	0HW4	Charter Communications Earnings Call Tomorrow	Pair Corr

Moving against DevvStream Stock

0.68	0LHR	Tyson Foods Cl Earnings Call This Week	Pair Corr
0.65	0J71	JB Hunt Transport	Pair Corr
0.62	0Q7L	AMAG Austria Metall	Pair Corr
0.62	0IL1	Federal Realty Investment	Pair Corr
0.58	003027	Tongxing Environmental	Pair Corr
0.54	0NIF	SMA Solar Technology	Pair Corr
0.48	0J5Z	Hormel Foods Corp	Pair Corr
0.47	0I6U	DXC Technology Earnings Call Today	Pair Corr
0.37	BV	BrightView Holdings	Pair Corr
0.7	0L8B	Southern Copper Corp	Pair Corr
0.7	0L8F	Southwest Airlines	Pair Corr
0.63	0N9K	Elmos Semiconductor	Pair Corr
0.62	0IFX	Electronic Arts Earnings Call This Week	Pair Corr
0.52	CLH	Clean Harbors	Pair Corr
0.43	0P5L	Axway Software SA	Pair Corr
0.81	0RQ9	Lundin Mining Corp	Pair Corr
0.8	0IW3	Global Net Lease	Pair Corr
0.78	0GA3	Telecom Italia SpA	Pair Corr
0.77	0H6E	AGNC Investment Corp	Pair Corr
0.76	0JW2	MT Bank Corp	Pair Corr
0.65	0KV3	Regions Financial Corp	Pair Corr

Related Correlations Analysis

	IVDA	AEHL	SKK	GLXG	GVH	CDTG	FGL	JCSE	OP	ASTC
IVDA		0.63	0.43	0.41	0.0	0.48	0.29	0.01	0.14	0.21	IVDA
AEHL	0.63		0.06	0.32	0.3	0.2	0.48	-0.36	0.0	-0.01	AEHL
SKK	0.43	0.06		0.64	0.08	0.69	0.46	0.13	-0.34	-0.18	SKK
GLXG	0.41	0.32	0.64		0.54	0.84	0.82	-0.42	-0.19	-0.29	GLXG
GVH	0.0	0.3	0.08	0.54		0.35	0.71	-0.61	-0.39	-0.24	GVH
CDTG	0.48	0.2	0.69	0.84	0.35		0.63	-0.27	0.0	-0.12	CDTG
FGL	0.29	0.48	0.46	0.82	0.71	0.63		-0.53	-0.38	-0.46	FGL
JCSE	0.01	-0.36	0.13	-0.42	-0.61	-0.27	-0.53		-0.12	0.11	JCSE
OP	0.14	0.0	-0.34	-0.19	-0.39	0.0	-0.38	-0.12		0.36	OP
ASTC	0.21	-0.01	-0.18	-0.29	-0.24	-0.12	-0.46	0.11	0.36		ASTC
	IVDA	AEHL	SKK	GLXG	GVH	CDTG	FGL	JCSE	OP	ASTC

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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

CDTG	+ 0.84	GLXG
FGL	+ 0.82	GLXG
FGL	+ 0.71	GVH
CDTG	+ 0.69	SKK
GLXG	+ 0.64	SKK
AEHL	+ 0.63	IVDA

High negative correlations

JCSE	- 0.61	GVH
JCSE	- 0.53	FGL
ASTC	- 0.46	FGL
JCSE	- 0.42	GLXG
OP	- 0.39	GVH
OP	- 0.38	FGL

Risk-Adjusted Indicators

There is a big difference between DevvStream Stock performing well and DevvStream Corp 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 DevvStream Corp'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
IVDA	6.43	(0.19)	0.00	(0.07)	0.00	0.00	16.67	(12.64)	50.60
AEHL	9.84	(0.58)	0.00	(0.08)	0.00	0.00	10.83	(18.81)	134.82
SKK	3.09	(0.09)	0.00	(0.02)	0.00	0.00	6.45	(6.06)	18.25
GLXG	5.19	(0.93)	0.00	0.93	0.00	0.00	10.30	(14.81)	53.25
GVH	5.61	(1.84)	0.00	(1.61)	0.00	0.00	9.02	(9.21)	87.78
CDTG	5.73	(0.77)	0.00	2.12	0.00	0.00	12.12	(16.67)	48.33
FGL	6.85	(0.69)	0.00	2.11	0.00	0.00	20.00	(13.73)	59.34
JCSE	5.67	0.74	0.12	0.36	5.71	(9.82)	11.81	(8.40)	109.28
OP	6.16	(0.26)	0.00	0.51	0.00	0.00	10.95	(19.70)	52.42
ASTC	3.38	(0.12)	0.00	(0.10)	0.00	0.00	6.67	(8.71)	25.08

DevvStream Corp Corporate Management

Jonathan Miller	Chief Officer	Profile
David Goertz	Chief Officer	Profile
Bryan Went	Chief Officer	Profile
Erick Went	Chief Officer	Profile
Sunny Trinh	Chief Officer	Profile

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