Digi International Correlations

DGII Stock

USD 48.94 0.68 1.41%

The current 90-days correlation between Digi International and Harmonic is 0.25 (i.e., Modest diversification). The correlation of Digi International 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.

Digi International Correlation With Market

Very weak diversification

The correlation between Digi International and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digi International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Digi Stock

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

For more detail on how to invest in Digi Stock please use our How to Invest in Digi International guide.

Moving together with Digi Stock

0.68

FFIV

F5 Networks

Pair Corr

Moving against Digi Stock

0.73	ALNTG	Netgem SA	Pair Corr
0.7	FKWL	Franklin Wireless Corp Earnings Call Today	Pair Corr
0.52	PARRO	Parrot	Pair Corr
0.41	ERFB	Erf Wireless	Pair Corr
0.39	EXTR	Extreme Networks	Pair Corr
0.33	TLIK	TELES Informationstech	Pair Corr
0.44	SEN	Senetas Split	Pair Corr
0.42	GNSS	Genasys	Pair Corr
0.33	3LO	POWERFLEET INC DL	Pair Corr

Related Correlations Analysis

	HLIT	KARO	ATEN	CTS	TUYA	VRNT	MXL	PLTK	GILT	AMPL
HLIT		0.56	0.54	0.42	0.33	-0.22	0.7	0.0	0.27	-0.05	HLIT
KARO	0.56		0.6	0.73	0.08	-0.32	0.59	-0.28	0.63	-0.37	KARO
ATEN	0.54	0.6		0.69	0.11	-0.09	0.5	-0.3	0.19	-0.59	ATEN
CTS	0.42	0.73	0.69		-0.12	-0.07	0.58	-0.75	0.76	-0.82	CTS
TUYA	0.33	0.08	0.11	-0.12		-0.33	0.47	0.39	-0.27	0.32	TUYA
VRNT	-0.22	-0.32	-0.09	-0.07	-0.33		-0.46	-0.11	-0.23	-0.27	VRNT
MXL	0.7	0.59	0.5	0.58	0.47	-0.46		-0.24	0.47	-0.14	MXL
PLTK	0.0	-0.28	-0.3	-0.75	0.39	-0.11	-0.24		-0.67	0.73	PLTK
GILT	0.27	0.63	0.19	0.76	-0.27	-0.23	0.47	-0.67		-0.48	GILT
AMPL	-0.05	-0.37	-0.59	-0.82	0.32	-0.27	-0.14	0.73	-0.48		AMPL
	HLIT	KARO	ATEN	CTS	TUYA	VRNT	MXL	PLTK	GILT	AMPL

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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

GILT	+ 0.76	CTS
CTS	+ 0.73	KARO
AMPL	+ 0.73	PLTK
MXL	+ 0.7	HLIT
CTS	+ 0.69	ATEN
GILT	+ 0.63	KARO

High negative correlations

AMPL	- 0.82	CTS
PLTK	- 0.75	CTS
GILT	- 0.67	PLTK
AMPL	- 0.59	ATEN
AMPL	- 0.48	GILT
MXL	- 0.46	VRNT

Risk-Adjusted Indicators

There is a big difference between Digi Stock performing well and Digi International 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 Digi International'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
HLIT	1.75	0.03	0.02	0.07	2.28	(1.76)	4.99	(3.80)	11.35
KARO	1.72	0.01	0.01	0.05	1.94	(1.97)	4.32	(3.61)	12.10
ATEN	1.39	0.27	0.16	0.50	1.31	(1.59)	2.12	(2.38)	13.08
CTS	1.43	0.41	0.25	0.33	1.24	(1.58)	3.37	(2.54)	7.56
TUYA	2.03	(0.04)	(0.01)	0.02	2.40	(2.43)	4.87	(3.78)	16.88
VRNT	0.12	0.00	(0.27)	(2.57)	0.06	(0.16)	0.20	(0.20)	0.79
MXL	2.70	0.40	0.13	0.22	3.38	(2.98)	7.94	(5.30)	18.71
PLTK	1.77	(0.31)	0.00	(0.33)	0.00	0.00	3.65	(4.18)	11.14
GILT	3.27	0.22	0.04	0.33	5.06	(3.17)	5.49	(4.94)	35.30
AMPL	2.37	(0.87)	0.00	(0.68)	0.00	0.00	3.48	(7.45)	15.90

Digi International Corporate Management

Mandi Karasek	VP HR	Profile
Terrence Schneider	Senior Management	Profile
Brian Ballenger	Interim Treasurer and Acting Principal Financial Officer and Principal Accounting Officer	Profile
Justin Schmid	Senior Solutions	Profile
James Freeland	Senior Officer	Profile
Gary Marks	Senior Opengear	Profile

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