Danimer Scientific Correlations
| DNMRDelisted Stock | USD 1.79 0.40 18.26% |
The current 90-days correlation between Danimer Scientific and Amyris Inc is -0.08 (i.e., Good diversification). The correlation of Danimer Scientific 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.
Danimer Scientific Correlation With Market
Significant diversification
The correlation between Danimer Scientific and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Danimer Scientific and DJI in the same portfolio, assuming nothing else is changed.
Danimer |
The ability to find closely correlated positions to Danimer Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Danimer Scientific when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Danimer Scientific - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Danimer Scientific to buy it.
Moving together with Danimer OTC Stock
| 0.78 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.75 | FF | FutureFuel Corp | PairCorr |
| 0.92 | ASH | Ashland Global Holdings | PairCorr |
| 0.81 | CBT | Cabot | PairCorr |
| 0.76 | ECL | Ecolab Inc | PairCorr |
| 0.82 | EMN | Eastman Chemical | PairCorr |
| 0.73 | FUL | H B Fuller | PairCorr |
| 0.87 | IFF | International Flavors | PairCorr |
| 0.92 | KRO | Kronos Worldwide | PairCorr |
| 0.72 | KWR | Quaker Chemical | PairCorr |
| 0.87 | LIN | Linde plc Ordinary | PairCorr |
| 0.94 | LYB | LyondellBasell Industries | PairCorr |
| 0.7 | PPG | PPG Industries | PairCorr |
| 0.62 | SCL | Stepan Company | PairCorr |
| 0.89 | SSL | Sasol Buyout Trend | PairCorr |
| 0.62 | SXT | Sensient Technologies | PairCorr |
| 0.91 | WLK | Westlake Chemical | PairCorr |
| 0.67 | HGAS | Global Gas | PairCorr |
Moving against Danimer OTC Stock
| 0.48 | ECVT | Ecovyst | PairCorr |
| 0.61 | NANX | Nanophase Technol | PairCorr |
| 0.56 | NTIC | Northern Technologies | PairCorr |
| 0.36 | NGVT | Ingevity Corp Trending | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Danimer OTC Stock performing well and Danimer Scientific OTC Stock 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 Danimer Scientific'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LYB | 0.92 | (0.28) | 0.00 | (1.27) | 0.00 | 1.40 | 4.90 | |||
| IFF | 0.97 | (0.28) | 0.00 | (0.99) | 0.00 | 2.38 | 14.06 | |||
| CBT | 1.34 | (0.32) | 0.00 | (1.58) | 0.00 | 2.55 | 12.59 | |||
| WLK | 1.04 | (0.30) | 0.00 | (1.18) | 0.00 | 1.44 | 6.57 | |||
| APD | 0.88 | (0.02) | 0.00 | (0.23) | 0.00 | 2.06 | 6.49 | |||
| OEC | 2.19 | (0.19) | 0.00 | (5.44) | 0.00 | 4.05 | 19.27 | |||
| MTX | 1.24 | (0.02) | 0.00 | (0.05) | 0.00 | 2.83 | 13.23 | |||
| ECVT | 1.86 | 0.27 | 0.15 | 1.06 | 1.62 | 4.55 | 18.71 | |||
| KWR | 1.52 | (0.27) | 0.00 | (1.31) | 0.00 | 2.45 | 18.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Danimer Scientific without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Danimer Scientific Corporate Management
Elected by the shareholders, the Danimer Scientific's board of directors comprises two types of representatives: Danimer Scientific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Danimer. The board's role is to monitor Danimer Scientific's management team and ensure that shareholders' interests are well served. Danimer Scientific's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Danimer Scientific's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Palczynski | Investor Officer | Profile | |
| Stuart Pratt | Director | Profile | |
| Stephen Esq | Corporate Officer | Profile | |
| Russ Zukowski | Vice Finance | Profile | |
| Anthony Austin | Chief Officer | Profile | |
| Christy Basco | Independent Director | Profile |
Still Interested in Danimer Scientific?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.