Domo Correlations

DOMO Stock

USD 5.87 0.14 2.33%

The current 90-days correlation between Domo Inc and Weave Communications is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Domo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Domo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Domo Correlation With Market

Pay attention - limited upside

The correlation between Domo Inc and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domo Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Domo Stock

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

Moving together with Domo Stock

0.74	ESTC	Elastic NV	Pair Corr
0.85	BOX	Box Inc	Pair Corr
0.76	YEXT	Yext Inc	Pair Corr
0.62	MANH	Manhattan Associates	Pair Corr
0.84	MNDY	MondayCom	Pair Corr
0.85	OTEX	Open Text Corp Earnings Call This Week	Pair Corr
0.81	PAYC	Paycom Software	Pair Corr
0.66	ACIW	ACI Worldwide	Pair Corr
0.79	APPF	Appfolio	Pair Corr
0.8	SOUN	SoundHound AI	Pair Corr
0.74	PIFMY	Indofood Sukses Makmur	Pair Corr
0.78	ATMV	ATMV Old Symbol Change	Pair Corr

Moving against Domo Stock

0.89	MGIC	Magic Software Enter	Pair Corr
0.82	DAY	Dayforce	Pair Corr
0.74	CTLP	Cantaloupe Earnings Call This Week	Pair Corr
0.9	KGC	Kinross Gold	Pair Corr
0.86	ARRJF	Arjo AB	Pair Corr
0.86	ACN	Accenture plc	Pair Corr
0.84	FNCHF	FINEOSHoldings Plc	Pair Corr
0.79	PTITF	PT Indosat Tbk	Pair Corr
0.78	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.76	KEP	Korea Electric Power	Pair Corr
0.72	EC	Ecopetrol SA ADR	Pair Corr
0.69	LILIF	Argentina Lithium Energy	Pair Corr
0.62	AXIA	AXIA Energia Symbol Change	Pair Corr
0.59	TLK	Telkom Indonesia Tbk	Pair Corr
0.58	PTAIY	Astra International Tbk	Pair Corr
0.54	ADHI	Arsenal Digital Holdings	Pair Corr

Related Correlations Analysis

	WEAV	BMBL	DJCO	SPT	BZAI	NBP	APPS	CRNC	ARQQ	BLZE
WEAV		0.12	0.48	0.52	-0.06	-0.06	0.24	0.57	0.0	0.16	WEAV
BMBL	0.12		-0.47	0.1	0.93	0.57	0.86	-0.07	0.92	0.99	BMBL
DJCO	0.48	-0.47		-0.12	-0.63	-0.64	-0.27	0.61	-0.54	-0.44	DJCO
SPT	0.52	0.1	-0.12		0.12	0.23	0.12	0.22	0.12	0.11	SPT
BZAI	-0.06	0.93	-0.63	0.12		0.59	0.77	-0.2	0.95	0.91	BZAI
NBP	-0.06	0.57	-0.64	0.23	0.59		0.43	-0.4	0.57	0.59	NBP
APPS	0.24	0.86	-0.27	0.12	0.77	0.43		-0.06	0.73	0.82	APPS
CRNC	0.57	-0.07	0.61	0.22	-0.2	-0.4	-0.06		-0.04	-0.04	CRNC
ARQQ	0.0	0.92	-0.54	0.12	0.95	0.57	0.73	-0.04		0.92	ARQQ
BLZE	0.16	0.99	-0.44	0.11	0.91	0.59	0.82	-0.04	0.92		BLZE
	WEAV	BMBL	DJCO	SPT	BZAI	NBP	APPS	CRNC	ARQQ	BLZE

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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

BLZE	+ 0.99	BMBL
ARQQ	+ 0.95	BZAI
BZAI	+ 0.93	BMBL
ARQQ	+ 0.92	BMBL
BLZE	+ 0.92	ARQQ
BLZE	+ 0.91	BZAI

High negative correlations

NBP	- 0.64	DJCO
BZAI	- 0.63	DJCO
ARQQ	- 0.54	DJCO
DJCO	- 0.47	BMBL
BLZE	- 0.44	DJCO
CRNC	- 0.4	NBP

Risk-Adjusted Indicators

There is a big difference between Domo Stock performing well and Domo 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 Domo'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
WEAV	2.37	(0.14)	0.00	(0.04)	0.00	0.00	4.59	(5.26)	20.60
BMBL	2.51	(0.79)	0.00	(0.44)	0.00	0.00	3.85	(5.00)	24.81
DJCO	2.86	0.50	0.12	0.37	3.86	(2.97)	7.60	(6.37)	21.24
SPT	2.55	(0.40)	0.00	(0.34)	0.00	0.00	4.85	(5.32)	15.22
BZAI	4.19	(1.58)	0.00	(1.96)	0.00	0.00	6.40	(8.92)	29.46
NBP	3.29	(0.13)	0.00	(0.98)	0.00	0.00	7.25	(7.14)	22.59
APPS	3.48	(0.26)	0.00	(0.19)	0.00	0.00	6.03	(6.46)	37.27
CRNC	3.48	0.06	0.02	0.09	3.91	(3.85)	8.14	(5.86)	33.66
ARQQ	4.38	(1.01)	0.00	(0.25)	0.00	0.00	7.88	(9.81)	24.25
BLZE	2.75	(1.22)	0.00	(0.42)	0.00	0.00	3.85	(6.25)	36.91

Domo Corporate Management

John Mellor	CEO Director	Profile
Madison McCord	Vice Resources	Profile
Alexis JD	Chief Officer	Profile
R Tracy	Chief Officer	Profile
Julie Kehoe	Chief Officer	Profile

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