DEFSEC Technologies Correlations

DFSC Stock

2.04 0.13 5.99%

The current 90-days correlation between DEFSEC Technologies and SUNation Energy is -0.02 (i.e., Good diversification). The correlation of DEFSEC Technologies 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.

DEFSEC Technologies Correlation With Market

Modest diversification

The correlation between DEFSEC Technologies and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DEFSEC Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DEFSEC Stock

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

For information on how to trade DEFSEC Stock refer to our How to Trade DEFSEC Stock guide.

Moving together with DEFSEC Stock

0.74

LPTV

Loop Media

Pair Corr

Moving against DEFSEC Stock

0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.71	RTX	Raytheon Technologies	Pair Corr
0.63	HWM	Howmet Aerospace	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.5	SHG	Shinhan Financial	Pair Corr
0.37	GD	General Dynamics	Pair Corr
0.33	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.9	SPG	Simon Property Group	Pair Corr
0.89	PSSR	Passur Aerospace	Pair Corr
0.85	ENVA	Enova International	Pair Corr
0.8	AGNC	AGNC Investment Corp Aggressive Push	Pair Corr
0.79	TDC	Teradata Corp	Pair Corr
0.78	NMR	Nomura Holdings ADR	Pair Corr
0.78	MU	Micron Technology	Pair Corr
0.77	YUMC	Yum China Holdings	Pair Corr
0.74	PRAA	PRA Group	Pair Corr
0.7	SNDK	Sandisk Corp Symbol Change	Pair Corr
0.7	GOOGL	Alphabet Class A Sell-off Trend	Pair Corr
0.69	WF	Woori Financial Group	Pair Corr
0.62	IBIO	iBio Common Stock	Pair Corr
0.61	JPM-PD	JPMorgan Chase	Pair Corr
0.57	NHI	National Health Investors	Pair Corr
0.49	FERN	Fernhill Corp	Pair Corr
0.32	LOW	Lowes Companies	Pair Corr
0.88	OCFT	Oneconnect Financial	Pair Corr
0.87	MS-PQ	Morgan Stanley	Pair Corr
0.82	LITE	Lumentum Holdings	Pair Corr
0.73	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	SUNE	XPON	ASTC	RAYA	RVSN	IVDA	GVH	BKYI	INTJ	MNTS
SUNE		0.92	0.47	0.7	0.78	0.66	0.89	0.52	-0.34	0.9	SUNE
XPON	0.92		0.37	0.7	0.82	0.71	0.84	0.5	-0.38	0.94	XPON
ASTC	0.47	0.37		0.71	0.66	0.54	0.34	-0.23	-0.1	0.54	ASTC
RAYA	0.7	0.7	0.71		0.8	0.64	0.54	0.07	-0.12	0.73	RAYA
RVSN	0.78	0.82	0.66	0.8		0.78	0.65	0.14	-0.4	0.89	RVSN
IVDA	0.66	0.71	0.54	0.64	0.78		0.55	0.04	-0.22	0.72	IVDA
GVH	0.89	0.84	0.34	0.54	0.65	0.55		0.59	-0.25	0.78	GVH
BKYI	0.52	0.5	-0.23	0.07	0.14	0.04	0.59		-0.32	0.38	BKYI
INTJ	-0.34	-0.38	-0.1	-0.12	-0.4	-0.22	-0.25	-0.32		-0.45	INTJ
MNTS	0.9	0.94	0.54	0.73	0.89	0.72	0.78	0.38	-0.45		MNTS
	SUNE	XPON	ASTC	RAYA	RVSN	IVDA	GVH	BKYI	INTJ	MNTS

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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

MNTS	+ 0.94	XPON
XPON	+ 0.92	SUNE
MNTS	+ 0.9	SUNE
GVH	+ 0.89	SUNE
MNTS	+ 0.89	RVSN
GVH	+ 0.84	XPON

High negative correlations

MNTS	- 0.45	INTJ
INTJ	- 0.4	RVSN
INTJ	- 0.38	XPON
INTJ	- 0.34	SUNE
INTJ	- 0.32	BKYI
INTJ	- 0.25	GVH

Risk-Adjusted Indicators

There is a big difference between DEFSEC Stock performing well and DEFSEC Technologies 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 DEFSEC Technologies' 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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SUNE	3.14	(0.68)	(0.56)	0.00	0.00	5.51	(6.52)	27.32
XPON	4.08	(0.89)	(0.11)	0.00	0.00	8.62	(8.18)	32.84
ASTC	3.78	(0.31)	1.00	0.00	0.00	6.67	(9.59)	25.08
RAYA	4.93	(0.93)	(0.28)	0.00	0.00	9.63	(11.45)	31.81
RVSN	5.39	(1.00)	(0.28)	0.00	0.00	9.09	(8.57)	29.09
IVDA	5.91	(0.35)	(0.04)	0.00	0.00	14.78	(11.59)	50.60
GVH	5.64	(1.68)	(0.99)	0.00	0.00	9.02	(9.21)	87.78
BKYI	5.25	(0.09)	0.06	5.72	(6.77)	9.26	(9.71)	69.05
INTJ	3.65	(0.11)	0.06	4.98	(4.28)	9.09	(6.78)	27.62
MNTS	9.28	(1.21)	(0.07)	0.00	0.00	19.58	(17.01)	70.67

DEFSEC Technologies Corporate Executives

Elected by the shareholders, the DEFSEC Technologies' board of directors comprises two types of representatives: DEFSEC Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DEFSEC. The board's role is to monitor DEFSEC Technologies' management team and ensure that shareholders' interests are well served. DEFSEC Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DEFSEC Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Jennifer Welsh

CFO Officer

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