Digital Ally Correlations

DGLY Stock

USD 0.71 0.05 7.58%

The current 90-days correlation between Digital Ally and Iveda Solutions is 0.21 (i.e., Modest diversification). The correlation of Digital Ally 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.

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

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Moving together with Digital Stock

0.7	LPL	LG Display	Pair Corr
0.67	301379	Techshine Electronics	Pair Corr
0.65	IMTE	Integrated Media Tec	Pair Corr

Moving against Digital Stock

0.58	301123	YiDong Electronics	Pair Corr
0.55	301321	Highbroad Advanced	Pair Corr
0.48	FEIM	Frequency Electronics	Pair Corr
0.42	688375	Guobo Electronics	Pair Corr
0.38	BHE	Benchmark Electronics	Pair Corr
0.61	601231	Universal Scientific	Pair Corr
0.61	300076	Ningbo GQY Video	Pair Corr
0.58	000829	Telling Telecommunicatio	Pair Corr

Related Correlations Analysis

	IVDA	SBLX	ICON	RAYA	LICN	SGLY	BLMZ	CIGL	BAER	PMAX
IVDA		0.57	0.45	0.66	0.5	0.53	0.35	0.36	-0.19	0.39	IVDA
SBLX	0.57		0.9	0.81	0.92	0.59	0.76	0.75	-0.44	0.63	SBLX
ICON	0.45	0.9		0.66	0.92	0.66	0.92	0.83	-0.33	0.48	ICON
RAYA	0.66	0.81	0.66		0.73	0.54	0.42	0.53	-0.25	0.67	RAYA
LICN	0.5	0.92	0.92	0.73		0.56	0.81	0.8	-0.42	0.63	LICN
SGLY	0.53	0.59	0.66	0.54	0.56		0.63	0.43	0.12	0.21	SGLY
BLMZ	0.35	0.76	0.92	0.42	0.81	0.63		0.82	-0.25	0.34	BLMZ
CIGL	0.36	0.75	0.83	0.53	0.8	0.43	0.82		-0.43	0.6	CIGL
BAER	-0.19	-0.44	-0.33	-0.25	-0.42	0.12	-0.25	-0.43		-0.35	BAER
PMAX	0.39	0.63	0.48	0.67	0.63	0.21	0.34	0.6	-0.35		PMAX
	IVDA	SBLX	ICON	RAYA	LICN	SGLY	BLMZ	CIGL	BAER	PMAX

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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

LICN	+ 0.92	SBLX
LICN	+ 0.92	ICON
BLMZ	+ 0.92	ICON
ICON	+ 0.9	SBLX
CIGL	+ 0.83	ICON
CIGL	+ 0.82	BLMZ

High negative correlations

BAER	- 0.44	SBLX
BAER	- 0.43	CIGL
BAER	- 0.42	LICN
PMAX	- 0.35	BAER
BAER	- 0.33	ICON
BAER	- 0.25	BLMZ

Risk-Adjusted Indicators

There is a big difference between Digital Stock performing well and Digital Ally 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 Digital Ally'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	6.67	(0.35)	0.00	(0.03)	0.00	0.00	16.67	(13.46)	67.69
SBLX	5.31	(0.91)	0.00	(1.26)	0.00	0.00	10.26	(13.00)	32.50
ICON	3.83	(1.72)	0.00	(2.09)	0.00	0.00	7.14	(11.11)	31.67
RAYA	5.45	(0.15)	(0.01)	0.00	6.12	(6.67)	10.65	(11.45)	32.15
LICN	3.23	(0.52)	0.00	(3.42)	0.00	0.00	5.61	(5.44)	57.58
SGLY	5.07	0.08	0.01	0.19	5.21	(8.12)	15.56	(9.64)	35.40
BLMZ	10.27	(4.83)	0.00	3.77	0.00	0.00	17.12	(27.36)	113.76
CIGL	4.03	(0.90)	0.00	(0.52)	0.00	0.00	7.32	(8.62)	27.15
BAER	2.79	(0.16)	(0.02)	0.00	3.30	(3.41)	7.51	(5.35)	17.28
PMAX	6.66	0.07	0.00	0.05	0.00	0.00	12.97	(14.98)	64.52

Digital Ally Corporate Executives

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

Thomas Heckman

CFO, VP, Treasurer and Secretary

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