Digital Media Correlations

Summary

DMSDelisted Stock

USD 0.32 0.00 0.00%

The current 90-days correlation between Digital Media Solutions and Townsquare Media is -0.02 (i.e., Good diversification). The correlation of Digital Media 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 Media Correlation With Market

Average diversification

The correlation between Digital Media Solutions and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digital Media Solutions and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Digital Stock

0.73	HYMTF	Hyundai Motor	Pair Corr
0.76	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.79	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Digital Stock

0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.9	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.83	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.76	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.72	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.71	BAC	Bank of America Aggressive Push	Pair Corr
0.64	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.63	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.32	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	GSMG	ADV	TSQ	EVC	EEX	MMDDF	CYPXF	INEOF	QUOT
GSMG		0.44	0.03	-0.77	0.26	0.57	0.0	0.39	-0.74	GSMG
ADV	0.44		-0.27	-0.41	0.62	0.47	0.0	-0.53	-0.2	ADV
TSQ	0.03	-0.27		0.2	-0.5	-0.3	0.0	0.3	0.06	TSQ
EVC	-0.77	-0.41	0.2		-0.41	-0.81	0.0	-0.3	0.86	EVC
EEX	0.26	0.62	-0.5	-0.41		0.57	0.0	-0.53	-0.22	EEX
MMDDF	0.57	0.47	-0.3	-0.81	0.57		0.0	0.01	-0.6	MMDDF
CYPXF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CYPXF
INEOF	0.39	-0.53	0.3	-0.3	-0.53	0.01	0.0		-0.49	INEOF
QUOT	-0.74	-0.2	0.06	0.86	-0.22	-0.6	0.0	-0.49		QUOT
	GSMG	ADV	TSQ	EVC	EEX	MMDDF	CYPXF	INEOF	QUOT

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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

QUOT	+ 0.86	EVC
EEX	+ 0.62	ADV
MMDDF	+ 0.57	GSMG
MMDDF	+ 0.57	EEX
MMDDF	+ 0.47	ADV
ADV	+ 0.44	GSMG

High negative correlations

MMDDF	- 0.81	EVC
EVC	- 0.77	GSMG
QUOT	- 0.74	GSMG
QUOT	- 0.6	MMDDF
INEOF	- 0.53	EEX
INEOF	- 0.53	ADV

Risk-Adjusted Indicators

There is a big difference between Digital Stock performing well and Digital Media 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 Media'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
GSMG	2.72	(0.40)	0.00	(1.15)	0.00	0.00	8.06	(6.35)	19.81
ADV	2.52	(0.18)	0.00	(0.06)	0.00	0.00	4.90	(4.86)	21.91
TSQ	1.30	(0.16)	0.00	(0.04)	0.00	0.00	3.24	(2.89)	7.78
EVC	2.27	0.13	0.08	0.20	2.55	(2.88)	4.81	(4.90)	14.74
EEX	3.04	(0.15)	0.00	(0.04)	0.00	0.00	4.44	(7.44)	36.80
MMDDF	2.70	(1.38)	0.00	8.91	0.00	0.00	0.00	0.00	49.21
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INEOF	2.11	0.07	0.00	0.19	0.00	0.00	0.69	0.00	79.58
QUOT	2.08	0.40	0.08	(1.16)	2.15	(2.89)	6.00	(3.42)	17.47

View Digital Media Related Equities

Glory Star New Advantage Solutions Townsquare Media Entravision Communications Emerald Expositions Events Mirriad Advertising plc EQ Inc INEO Tech Corp Quotient Technology Clubhouse Media Group Pervasip Corp Network CN Mobiquity Technologies National CineMedia Baosheng Media Group

Risk & Return

Correlation

Digital Media Corporate Management

Candace Bacon	VP HR	Profile
Joseph Liner	Chief Revenue Officer	Profile
Mary Minnick	Independent Chairman of the Board	Profile
Mike Dukie	VP Support	Profile

Still Interested in Digital Media Solutions?

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