DHI Correlations

DHX Stock

USD 2.40 0.40 14.29%

The current 90-days correlation between DHI Group and Bridger Aerospace Group is -0.09 (i.e., Good diversification). The correlation of DHI 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.

DHI Correlation With Market

Modest diversification

The correlation between DHI Group and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DHI Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DHI Stock

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

Moving against DHI Stock

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0.59	GTM	ZoomInfo Technologies Symbol Change	Pair Corr
0.55	JFU	9F Inc	Pair Corr
0.41	MH	McGraw Hill Downward Rally	Pair Corr
0.37	IAC	IAC Inc	Pair Corr
0.77	GENI	Genius Sports	Pair Corr
0.69	YELP	Yelp Inc Earnings Call Today	Pair Corr
0.6	MAX	MediaAlpha Earnings Call This Week	Pair Corr
0.59	1SI	Snap Inc	Pair Corr
0.55	SST	System1	Pair Corr
0.47	GIBO	Global IBO Group	Pair Corr
0.46	39M	Moneysupermarket	Pair Corr
0.4	GIFT	RDE Inc	Pair Corr
0.39	ZIP	Ziprecruiter	Pair Corr

Related Correlations Analysis

	BAER	CBAT	FLUX	DFLI	MHH	SPAI	OPTT	FTEK	OPXS	HURC
BAER		-0.76	-0.37	-0.64	-0.46	0.55	0.65	-0.72	0.52	0.71	BAER
CBAT	-0.76		0.57	0.68	0.52	-0.17	-0.33	0.77	-0.25	-0.48	CBAT
FLUX	-0.37	0.57		0.7	0.13	0.23	0.12	0.83	0.19	0.03	FLUX
DFLI	-0.64	0.68	0.7		0.37	-0.05	-0.06	0.88	-0.09	-0.34	DFLI
MHH	-0.46	0.52	0.13	0.37		-0.14	-0.2	0.33	-0.32	-0.27	MHH
SPAI	0.55	-0.17	0.23	-0.05	-0.14		0.56	0.01	0.62	0.45	SPAI
OPTT	0.65	-0.33	0.12	-0.06	-0.2	0.56		-0.21	0.53	0.52	OPTT
FTEK	-0.72	0.77	0.83	0.88	0.33	0.01	-0.21		-0.08	-0.34	FTEK
OPXS	0.52	-0.25	0.19	-0.09	-0.32	0.62	0.53	-0.08		0.35	OPXS
HURC	0.71	-0.48	0.03	-0.34	-0.27	0.45	0.52	-0.34	0.35		HURC
	BAER	CBAT	FLUX	DFLI	MHH	SPAI	OPTT	FTEK	OPXS	HURC

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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

FTEK	+ 0.88	DFLI
FTEK	+ 0.83	FLUX
FTEK	+ 0.77	CBAT
HURC	+ 0.71	BAER
DFLI	+ 0.7	FLUX
DFLI	+ 0.68	CBAT

High negative correlations

CBAT	- 0.76	BAER
FTEK	- 0.72	BAER
DFLI	- 0.64	BAER
HURC	- 0.48	CBAT
MHH	- 0.46	BAER
FLUX	- 0.37	BAER

Risk-Adjusted Indicators

There is a big difference between DHI Stock performing well and DHI 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 DHI'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
BAER	3.65	0.85	0.25	0.96	2.65	(5.04)	10.84	(5.24)	22.79
CBAT	1.70	(0.12)	0.00	(0.09)	0.00	0.00	3.57	(3.30)	7.92
FLUX	4.45	(0.91)	0.00	(0.18)	0.00	0.00	10.19	(10.12)	23.67
DFLI	6.69	(1.85)	0.00	(0.33)	0.00	0.00	13.98	(18.33)	58.61
MHH	3.01	0.06	0.00	0.35	3.79	(3.10)	6.83	(5.59)	19.87
SPAI	5.17	(0.23)	0.00	(0.12)	0.00	0.00	11.01	(12.20)	35.33
OPTT	5.86	0.18	0.05	0.16	6.61	(8.19)	22.81	(9.52)	38.97
FTEK	2.99	(0.81)	0.00	(0.35)	0.00	0.00	6.51	(6.90)	17.51
OPXS	2.89	(0.21)	0.00	(0.09)	0.00	0.00	5.44	(6.22)	19.02
HURC	1.51	0.02	0.00	0.11	2.00	(1.53)	3.18	(3.44)	11.27

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