DMY Squared Correlations

DMYY Stock

12.80 0.10 0.78%

The current 90-days correlation between dMY Squared Technology and Four Leaf Acquisition is 0.28 (i.e., Modest 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 weak diversification

The correlation between dMY Squared Technology and DJI is 0.47 (i.e., Very weak 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 against DMY Stock

0.58	IPX	Impax Asset Management	Pair Corr
0.4	PGZ	Principal Real Estate	Pair Corr
0.32	TAM	Tatton Asset Management	Pair Corr
0.47	WHF	Whitefield Industrials	Pair Corr
0.43	LTI	Lindsell Train Investment	Pair Corr
0.32	LIO	Liontrust Asset Mana	Pair Corr

Related Correlations Analysis

	TDAC	FORL	FTII	WLACW	TBMC	BKHA	HSPO	WINV	ESHA
TDAC		0.65	0.0	0.57	0.57	0.41	-0.21	0.0	0.45	TDAC
FORL	0.65		0.0	0.65	0.61	0.2	-0.2	0.0	0.51	FORL
FTII	0.0	0.0		0.0	0.0	0.0	0.0	1.0	0.0	FTII
WLACW	0.57	0.65	0.0		0.78	0.14	-0.3	0.0	0.6	WLACW
TBMC	0.57	0.61	0.0	0.78		0.09	-0.14	0.0	0.64	TBMC
BKHA	0.41	0.2	0.0	0.14	0.09		-0.01	0.0	-0.03	BKHA
HSPO	-0.21	-0.2	0.0	-0.3	-0.14	-0.01		0.0	-0.16	HSPO
WINV	0.0	0.0	1.0	0.0	0.0	0.0	0.0		0.0	WINV
ESHA	0.45	0.51	0.0	0.6	0.64	-0.03	-0.16	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
TBMC	+ 0.78	WLACW
FORL	+ 0.65	TDAC
WLACW	+ 0.65	FORL
ESHA	+ 0.64	TBMC
TBMC	+ 0.61	FORL

High negative correlations

HSPO	- 0.3	WLACW
HSPO	- 0.21	TDAC
HSPO	- 0.2	FORL
ESHA	- 0.16	HSPO
HSPO	- 0.14	TBMC
ESHA	- 0.03	BKHA

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	(0.26)	0.75	0.00	(0.26)	0.29	(0.19)	0.96
FORL	0.06	0.02	0.00	2.64	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	4.80	0.24	0.03	0.88	6.00	(5.22)	9.76	(10.67)	26.70
TBMC	1.34	0.15	0.03	(2.62)	1.84	(1.79)	4.35	(3.84)	17.45
BKHA	0.38	0.02	(0.02)	0.20	0.54	(1.62)	1.23	(1.13)	6.07
HSPO	2.05	0.23	0.01	(0.12)	3.52	(4.12)	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	2.61	0.40	0.03	(0.15)	3.84	(4.80)	7.48	(5.13)	53.87

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