Digital Ally Correlations
| DGLYDelisted Stock | USD 1.54 0.15 8.88% |
The current 90-days correlation between Digital Ally and Iveda Solutions is -0.07 (i.e., Good 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.
Digital Ally Correlation With Market
Pay attention - limited upside
The correlation between Digital Ally and DJI is -0.84 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digital Ally and DJI in the same portfolio, assuming nothing else is changed.
Digital |
Moving together with Digital Stock
Moving against Digital Stock
| 0.91 | MRK | Merck Company | PairCorr |
| 0.87 | BA | Boeing | PairCorr |
| 0.78 | WMT | Walmart Common Stock Earnings Call Next Week | PairCorr |
| 0.78 | DD | Dupont De Nemours | PairCorr |
| 0.72 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.71 | INTC | Intel | PairCorr |
| 0.7 | CVX | Chevron Corp | PairCorr |
| 0.58 | PPHI | Positive Physicians | PairCorr |
| 0.5 | HD | Home Depot | PairCorr |
| 0.47 | GE | GE Aerospace | PairCorr |
| 0.41 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.39 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.37 | DIS | Walt Disney | PairCorr |
| 0.35 | VZ | Verizon Communications Aggressive Push | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 7.48 | (1.36) | 0.00 | (0.44) | 0.00 | 16.67 | 74.33 | |||
| SBLX | 5.01 | (0.74) | 0.00 | (0.06) | 0.00 | 10.26 | 32.50 | |||
| ICON | 5.24 | (1.83) | 0.00 | (3.43) | 0.00 | 14.00 | 44.34 | |||
| RAYA | 6.02 | (1.81) | 0.00 | (1.44) | 0.00 | 13.75 | 54.24 | |||
| LICN | 3.08 | (0.19) | 0.00 | (0.12) | 0.00 | 5.61 | 57.58 | |||
| SGLY | 4.82 | (0.31) | 0.00 | 4.86 | 0.00 | 15.56 | 37.12 | |||
| BLMZ | 16.24 | (3.24) | 0.00 | (0.82) | 0.00 | 29.87 | 192.47 | |||
| CIGL | 5.72 | (0.50) | 0.00 | (0.04) | 0.00 | 14.55 | 45.73 | |||
| BAER | 3.65 | 0.85 | 0.25 | 0.96 | 2.65 | 10.84 | 22.79 | |||
| PMAX | 6.44 | 0.39 | 0.07 | 0.26 | 6.92 | 12.97 | 50.37 |
Delisting Warning - DGLY
Digital Ally was delisted
| The entity Digital Ally with a symbol DGLY was delisted from NASDAQ Exchange. Please try Kustom Entertainment with a symbol KUST from now on. Check all delisted instruments accross multiple markets. |
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 | Profile |
Still Interested in Digital Ally?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.