DeFi Development Correlations

DFDV Stock

5.52 0.09 1.66%

The current 90-days correlation between DeFi Development Corp and Tucows Inc is 0.3 (i.e., Weak diversification). The correlation of DeFi Development 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.

DeFi Development Correlation With Market

Weak diversification

The correlation between DeFi Development Corp and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DeFi Development Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DeFi Stock

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

Moving together with DeFi Stock

0.91	LU	Lufax Holding	Pair Corr
0.92	LX	Lexinfintech Holdings	Pair Corr
0.97	0H9P	Intrum AB	Pair Corr
0.72	WRLD	World Acceptance	Pair Corr
0.77	FA	Fountain Asset Corp	Pair Corr
0.9	FINV	FinVolution Group Normal Trading	Pair Corr
0.87	PYPL	PayPal Holdings CDR	Pair Corr
0.79	600318	Anhui Xinli Finance	Pair Corr
0.89	PLT	Plenti Group	Pair Corr
0.63	PRG	PROG Holdings	Pair Corr
0.88	XYF	X Financial Class	Pair Corr
0.94	YRD	Yirendai	Pair Corr
0.83	CCP	Credit Corp Group	Pair Corr
0.85	GSY	goeasy	Pair Corr
0.93	JFIN	Jiayin Group	Pair Corr
0.9	ACD	Accord Financial Corp	Pair Corr

Moving against DeFi Stock

0.91	SUS	SU plc	Pair Corr
0.86	ECPG	Encore Capital Group	Pair Corr
0.81	AXP	American Express	Pair Corr
0.81	BFH	Bread Financial Holdings,	Pair Corr
0.76	ENVA	Enova International	Pair Corr
0.71	LC	LendingClub Corp	Pair Corr
0.6	PT	Pintec Technology	Pair Corr
0.6	FCFS	FirstCash	Pair Corr
0.39	EZPW	EZCORP Inc	Pair Corr
0.82	OMF	OneMain Holdings	Pair Corr
0.72	SYF	Synchrony Financial	Pair Corr
0.47	COF	Capital One Financial	Pair Corr
0.46	NNI	Nelnet Inc	Pair Corr
0.33	SLM	SLM Corp	Pair Corr
0.77	600599	Panda Financial Holding	Pair Corr
0.76	SVR	Solvar	Pair Corr
0.72	FSA	FSA Group	Pair Corr
0.61	AFCC-H	Automotive Finco Corp	Pair Corr

Related Correlations Analysis

	ARBE	TCX	MRT	BKKT	WALD	IMMR	KLTR	STEM	SATL	DUOT
ARBE		-0.81	-0.04	0.91	-0.32	0.51	-0.26	0.85	0.72	-0.35	ARBE
TCX	-0.81		0.14	-0.81	0.37	-0.45	0.41	-0.66	-0.63	0.47	TCX
MRT	-0.04	0.14		-0.16	-0.01	-0.21	0.07	-0.09	-0.39	0.6	MRT
BKKT	0.91	-0.81	-0.16		-0.37	0.45	-0.35	0.78	0.68	-0.45	BKKT
WALD	-0.32	0.37	-0.01	-0.37		-0.3	-0.23	-0.42	-0.27	0.11	WALD
IMMR	0.51	-0.45	-0.21	0.45	-0.3		-0.13	0.57	0.66	-0.24	IMMR
KLTR	-0.26	0.41	0.07	-0.35	-0.23	-0.13		-0.01	-0.19	0.17	KLTR
STEM	0.85	-0.66	-0.09	0.78	-0.42	0.57	-0.01		0.67	-0.24	STEM
SATL	0.72	-0.63	-0.39	0.68	-0.27	0.66	-0.19	0.67		-0.68	SATL
DUOT	-0.35	0.47	0.6	-0.45	0.11	-0.24	0.17	-0.24	-0.68		DUOT
	ARBE	TCX	MRT	BKKT	WALD	IMMR	KLTR	STEM	SATL	DUOT

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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

BKKT	+ 0.91	ARBE
STEM	+ 0.85	ARBE
STEM	+ 0.78	BKKT
SATL	+ 0.72	ARBE
SATL	+ 0.68	BKKT
SATL	+ 0.67	STEM

High negative correlations

BKKT	- 0.81	TCX
TCX	- 0.81	ARBE
DUOT	- 0.68	SATL
STEM	- 0.66	TCX
SATL	- 0.63	TCX
DUOT	- 0.45	BKKT

Risk-Adjusted Indicators

There is a big difference between DeFi Stock performing well and DeFi Development 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 DeFi Development'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
ARBE	4.82	(0.86)	0.00	(0.17)	0.00	0.00	11.86	(8.16)	30.17
TCX	2.13	0.19	0.08	0.23	2.32	(2.32)	5.20	(4.30)	13.11
MRT	2.32	0.00	0.00	0.06	2.48	(2.91)	7.59	(4.55)	21.55
BKKT	8.06	(0.23)	0.00	0.01	8.62	(9.23)	20.46	(13.07)	62.06
WALD	3.51	(0.01)	0.00	0.08	0.00	0.00	7.58	(6.49)	33.33
IMMR	1.90	(0.23)	0.00	(0.04)	0.00	0.00	5.01	(3.85)	22.38
KLTR	3.39	0.03	0.02	0.07	3.87	(4.03)	8.22	(6.70)	32.77
STEM	6.27	(0.30)	0.00	0.00	8.37	(6.31)	15.27	(12.26)	42.88
SATL	5.32	(0.88)	0.00	(0.14)	0.00	0.00	8.70	(9.43)	45.39
DUOT	3.32	0.33	0.08	0.30	4.09	(3.21)	6.74	(7.61)	16.42

DeFi Development Corporate Management

Valerie Ford	Controller	Profile
Bruce CPA	Executive Finance	Profile
Dan Kang	Chief Relations	Profile
Fei Han	Chief Officer	Profile

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