DMY Squared Correlations

DMYY Stock

10.64 0.09 0.85%

The current 90-days correlation between dMY Squared Technology and Western Acquisition Ventures is 0.09 (i.e., Significant diversification). The correlation of DMY Squared 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.

DMY Squared Correlation With Market

Significant diversification

The correlation between dMY Squared Technology and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding dMY Squared Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against DMY Stock

0.48	AC	Associated Capital	Pair Corr
0.48	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.46	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.46	WAVS	Western Acquisition	Pair Corr
0.45	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.45	EVR	Evercore Partners	Pair Corr
0.44	FRHC	Freedom Holding Corp	Pair Corr
0.43	TW	Tradeweb Markets Normal Trading	Pair Corr
0.4	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.39	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.39	VIRT	Virtu Financial Normal Trading	Pair Corr
0.32	MC	Moelis	Pair Corr
0.48	AB	AllianceBernstein	Pair Corr
0.42	SEIC	SEI Investments	Pair Corr
0.41	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.41	SVII	Spring Valley Acquisition	Pair Corr
0.4	STEP	Stepstone Group	Pair Corr
0.38	C	Citigroup Aggressive Push	Pair Corr
0.38	V	Visa Class A	Pair Corr
0.37	LRFC	Logan Ridge Finance	Pair Corr
0.36	RMCO	Royalty Management	Pair Corr
0.32	PNNT	PennantPark Investment	Pair Corr
0.54	GL	Globe Life	Pair Corr
0.53	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.51	MA	Mastercard	Pair Corr
0.48	CG	Carlyle Group	Pair Corr

Related Correlations Analysis

	FLFV	JAQCU	SPCMU	WAVS	NCAC
FLFV		-0.49	0.01	-0.15	-0.44	FLFV
JAQCU	-0.49		0.35	0.64	0.89	JAQCU
SPCMU	0.01	0.35		0.66	0.45	SPCMU
WAVS	-0.15	0.64	0.66		0.73	WAVS
NCAC	-0.44	0.89	0.45	0.73		NCAC
	FLFV	JAQCU	SPCMU	WAVS	NCAC

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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

NCAC	+ 0.89	JAQCU
NCAC	+ 0.73	WAVS
WAVS	+ 0.66	SPCMU
WAVS	+ 0.64	JAQCU
NCAC	+ 0.45	SPCMU
SPCMU	+ 0.35	JAQCU

High negative correlations

JAQCU	- 0.49	FLFV
NCAC	- 0.44	FLFV
WAVS	- 0.15	FLFV

Risk-Adjusted Indicators

There is a big difference between DMY Stock performing well and DMY Squared 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 DMY Squared'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
FLFV	3.97	(1.91)	0.00	7.15	0.00	0.00	0.83	(16.10)	78.38
JAQCU	0.09	0.03	0.00	(6.16)	0.00	0.00	0.39	0.00	1.38
SPCMU	0.22	0.00	(0.04)	0.11	0.55	(0.60)	0.47	(0.38)	8.48
WAVS	1.05	0.14	0.01	(0.46)	1.45	(2.05)	3.35	(3.25)	12.07
NCAC	0.16	0.05	0.00	6.39	0.00	0.00	0.65	(0.45)	2.45

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