Digimarc Correlations

DMRC Stock

USD 4.78 0.10 2.14%

The current 90-days correlation between Digimarc and Unisys is 0.31 (i.e., Weak diversification). The correlation of Digimarc 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.

Digimarc Correlation With Market

Excellent diversification

The correlation between Digimarc and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digimarc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Digimarc Stock

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

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

Moving together with Digimarc Stock

0.85	U	Unity Software Aggressive Push	Pair Corr
0.88	BL	Blackline Tech Boost	Pair Corr
0.9	DT	Dynatrace Holdings LLC	Pair Corr
0.68	DV	DoubleVerify Holdings	Pair Corr
0.77	35U	PAR TECHNOLOGY DL	Pair Corr
0.86	MQ	Marqeta	Pair Corr
0.84	PD	Pagerduty Earnings Call This Week	Pair Corr
0.66	QH	Quhuo	Pair Corr
0.8	VS	Versus Systems	Pair Corr
0.87	WK	Workiva	Pair Corr
0.62	MTLO	Martello Technologies	Pair Corr
0.7	RM	RM Plc	Pair Corr
0.84	2TY	PagerDuty Earnings Call This Week	Pair Corr
0.88	DOCU	DocuSign	Pair Corr
0.89	DOMO	Domo Inc Earnings Call Today	Pair Corr
0.88	1Q5	Dropbox	Pair Corr
0.93	VERI	Veritone Earnings Call This Week	Pair Corr
0.78	VERX	Vertex Tech Boost	Pair Corr
0.81	6NCA	NCINO INC DL	Pair Corr
0.86	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.93	LY0	Lyft Inc	Pair Corr
0.9	DTCX	Datacentrex Symbol Change	Pair Corr
0.72	0M5	Bill Holdings	Pair Corr

Moving against Digimarc Stock

0.86	RNI	OXFORD METRICS LS	Pair Corr
0.71	DSG	Dillistone Group PLC	Pair Corr
0.66	60Z	UNIFIEDPOST GRP SANV	Pair Corr
0.61	JG	Aurora Mobile	Pair Corr
0.59	TRB	Tribal Group plc	Pair Corr
0.58	LUS1	Lang Schwarz Aktieng	Pair Corr
0.79	89P	CLAVISTER HOLDING	Pair Corr
0.79	MKQ	Mitek Systems	Pair Corr

Related Correlations Analysis

	UIS	TTEC	ONTF	DVLT	GDC	DUOT	TCX	MEI	IMMR	WALD
UIS		0.76	-0.23	0.22	0.73	0.65	0.86	-0.76	0.41	-0.07	UIS
TTEC	0.76		-0.56	0.5	0.57	0.68	0.76	-0.8	0.72	0.32	TTEC
ONTF	-0.23	-0.56		-0.71	-0.19	-0.09	-0.15	0.47	-0.5	-0.77	ONTF
DVLT	0.22	0.5	-0.71		0.11	0.22	0.09	-0.32	0.48	0.77	DVLT
GDC	0.73	0.57	-0.19	0.11		0.58	0.71	-0.6	0.24	-0.01	GDC
DUOT	0.65	0.68	-0.09	0.22	0.58		0.73	-0.5	0.57	0.14	DUOT
TCX	0.86	0.76	-0.15	0.09	0.71	0.73		-0.64	0.51	-0.08	TCX
MEI	-0.76	-0.8	0.47	-0.32	-0.6	-0.5	-0.64		-0.42	-0.13	MEI
IMMR	0.41	0.72	-0.5	0.48	0.24	0.57	0.51	-0.42		0.55	IMMR
WALD	-0.07	0.32	-0.77	0.77	-0.01	0.14	-0.08	-0.13	0.55		WALD
	UIS	TTEC	ONTF	DVLT	GDC	DUOT	TCX	MEI	IMMR	WALD

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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

TCX	+ 0.86	UIS
WALD	+ 0.77	DVLT
TTEC	+ 0.76	UIS
TCX	+ 0.76	TTEC
GDC	+ 0.73	UIS
TCX	+ 0.73	DUOT

High negative correlations

MEI	- 0.8	TTEC
WALD	- 0.77	ONTF
MEI	- 0.76	UIS
DVLT	- 0.71	ONTF
MEI	- 0.64	TCX
MEI	- 0.6	GDC

Risk-Adjusted Indicators

There is a big difference between Digimarc Stock performing well and Digimarc 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 Digimarc'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
UIS	2.55	(0.16)	0.00	(0.04)	0.00	0.00	8.08	(5.47)	18.79
TTEC	3.41	(0.47)	0.00	(0.17)	0.00	0.00	5.23	(8.77)	22.32
ONTF	1.42	0.63	0.54	39.16	0.00	(2.05)	1.85	(1.75)	39.29
DVLT	7.42	(1.19)	0.00	(0.19)	0.00	0.00	25.00	(13.68)	72.53
GDC	6.03	0.03	0.02	0.04	6.35	(7.52)	11.74	(9.57)	64.90
DUOT	3.75	(0.33)	0.00	(0.14)	0.00	0.00	7.59	(7.39)	30.82
TCX	2.47	(0.28)	0.00	(0.36)	0.00	0.00	4.88	(5.34)	16.74
MEI	2.36	0.17	0.06	0.13	3.43	(2.35)	4.73	(4.16)	18.04
IMMR	1.55	(0.23)	0.00	0.41	0.00	0.00	2.71	(3.81)	10.23
WALD	3.26	(0.65)	0.00	(27.62)	0.00	0.00	6.92	(6.01)	21.63

Digimarc Corporate Management

Niall Murphy	Exec Officer	Profile
Ken Sickles	Executive Officer	Profile
Jill SPHR	Executive Officer	Profile
Carle Quinn	Executive Officer	Profile

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