DMY Squared Correlations

DMYY Stock

11.60 0.04 0.34%

The current 90-days correlation between dMY Squared Technology and Four Leaf Acquisition is 0.32 (i.e., Weak 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

Very good diversification

The correlation between dMY Squared Technology and DJI is -0.3 (i.e., Very good 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.

Build AI portfolio with DMY Stock

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 services.

Moving together with DMY Stock

0.61	55O1	Apollo Investment Corp	Pair Corr
0.78	BX	Blackstone Group	Pair Corr
0.73	NP	Neptune Insurance	Pair Corr
0.65	MFG	Magellan Financial	Pair Corr
0.61	VINP	Vinci Partners Inves Earnings Call This Week	Pair Corr

Moving against DMY Stock

0.77	PX	P10 Inc Symbol Change	Pair Corr
0.72	SSSS-P	Shooting Star Acquisition	Pair Corr
0.7	FT	Franklin Universal Closed	Pair Corr
0.65	RA	Brookfield Real Assets	Pair Corr
0.61	VCTR	Victory Capital Holdings	Pair Corr
0.61	ALPN	Alpine Select AG	Pair Corr
0.56	HHI	Henderson High Income	Pair Corr
0.56	WT	WisdomTree	Pair Corr
0.54	MNG	MG Plc	Pair Corr
0.47	IPX	Impax Asset Management	Pair Corr
0.47	MNTN	Schiehallion Fund	Pair Corr
0.39	MEC	Morphic Ethical Equities	Pair Corr
0.31	JLEN	JLEN Environmental Assets	Pair Corr
0.63	8KF	ICHIYOSHI SECS LTD	Pair Corr
0.54	SII	Sprott Inc	Pair Corr
0.52	XOX-P	Planet X Capital	Pair Corr
0.48	8KC	IDI SCA INH	Pair Corr
0.44	DFN	Dividend 15 Split	Pair Corr
0.42	ESCT	European Smaller	Pair Corr
0.39	LGI	Legal General Group	Pair Corr
0.35	KALM-P	Kalma Capital Corp	Pair Corr

Related Correlations Analysis

	TDAC	FORL	FTII	WLACW	TBMC	BKHA	HSPO	WINV	ESHA
TDAC		0.62	0.0	0.02	-0.17	0.71	-0.35	0.0	0.11	TDAC
FORL	0.62		0.0	0.29	0.13	0.43	-0.23	0.0	0.22	FORL
FTII	0.0	0.0		0.0	0.0	0.0	0.0	1.0	0.0	FTII
WLACW	0.02	0.29	0.0		0.68	-0.15	-0.14	0.0	0.5	WLACW
TBMC	-0.17	0.13	0.0	0.68		-0.32	-0.11	0.0	0.42	TBMC
BKHA	0.71	0.43	0.0	-0.15	-0.32		-0.25	0.0	-0.13	BKHA
HSPO	-0.35	-0.23	0.0	-0.14	-0.11	-0.25		0.0	-0.21	HSPO
WINV	0.0	0.0	1.0	0.0	0.0	0.0	0.0		0.0	WINV
ESHA	0.11	0.22	0.0	0.5	0.42	-0.13	-0.21	0.0		ESHA
	TDAC	FORL	FTII	WLACW	TBMC	BKHA	HSPO	WINV	ESHA

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

WINV	+ 1.0	FTII
BKHA	+ 0.71	TDAC
TBMC	+ 0.68	WLACW
FORL	+ 0.62	TDAC
ESHA	+ 0.5	WLACW
BKHA	+ 0.43	FORL

High negative correlations

HSPO	- 0.35	TDAC
BKHA	- 0.32	TBMC
HSPO	- 0.25	BKHA
HSPO	- 0.23	FORL
ESHA	- 0.21	HSPO
TBMC	- 0.17	TDAC

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
TDAC	0.08	0.01	(0.25)	0.50	0.00	(0.20)	0.29	(0.19)	0.95
FORL	0.06	0.02	0.00	3.14	0.00	0.00	0.00	0.00	2.17
FTII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WLACW	4.52	(0.19)	0.00	0.74	0.00	0.00	7.69	(9.72)	32.95
TBMC	2.62	(0.23)	0.00	(0.65)	0.00	0.00	4.87	(7.91)	36.85
BKHA	0.30	0.02	0.00	0.55	0.00	0.00	0.97	(1.21)	6.36
HSPO	1.93	0.06	0.01	0.19	3.37	(5.41)	2.46	(3.24)	61.25
WINV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESHA	2.83	0.39	0.03	(0.12)	4.28	(3.57)	7.48	(5.13)	53.87

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