Domo Correlations

DOMO Stock

USD 8.40 0.14 1.69%

The current 90-days correlation between Domo Inc and Weave Communications is 0.26 (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

Very weak diversification

The correlation between Domo Inc and DJI is 0.45 (i.e., Very weak diversification) 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 industry.

Moving together with Domo Stock

0.67	JG	Aurora Mobile	Pair Corr
0.79	RXT	Rackspace Technology	Pair Corr
0.76	SAP	SAP SE ADR	Pair Corr
0.86	TTD	Trade Desk	Pair Corr
0.69	CLSK	CleanSpark Aggressive Push	Pair Corr
0.86	UPLD	Upland Software	Pair Corr
0.71	PIFMY	Indofood Sukses Makmur	Pair Corr
0.64	T	ATT Inc	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.79	HD	Home Depot	Pair Corr

Moving against Domo Stock

0.93	MGIC	Magic Software Enter	Pair Corr
0.77	RDZN	Roadzen Tech Boost	Pair Corr
0.75	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.73	KEP	Korea Electric Power	Pair Corr
0.7	PTAIY	Astra International Tbk	Pair Corr
0.68	TLK	Telkom Indonesia Tbk	Pair Corr
0.66	ZM	Zoom Video Communications	Pair Corr
0.66	PTITF	PT Indosat Tbk	Pair Corr
0.58	ASUR	Asure Software	Pair Corr
0.56	USDC	USDATA Corp	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.43	CRM	Salesforce	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr
0.87	FTV	Fortive Corp	Pair Corr
0.86	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.84	MRK	Merck Company	Pair Corr
0.83	WMT	Walmart Common Stock	Pair Corr
0.82	CSCO	Cisco Systems	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.73	XOM	Exxon Mobil Corp	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.71	AXP	American Express	Pair Corr
0.34	IBM	International Business	Pair Corr

Related Correlations Analysis

	WEAV	BMBL	DJCO	SPT	BZAI	NBP	APPS	CRNC	ARQQ	BLZE
WEAV		0.2	0.52	0.57	0.09	0.05	0.27	0.48	0.1	0.22	WEAV
BMBL	0.2		-0.53	0.42	0.91	0.58	0.91	0.35	0.89	0.98	BMBL
DJCO	0.52	-0.53		0.28	-0.56	-0.33	-0.46	0.36	-0.49	-0.53	DJCO
SPT	0.57	0.42	0.28		0.34	0.15	0.45	0.64	0.42	0.36	SPT
BZAI	0.09	0.91	-0.56	0.34		0.75	0.9	0.31	0.92	0.9	BZAI
NBP	0.05	0.58	-0.33	0.15	0.75		0.64	0.19	0.63	0.61	NBP
APPS	0.27	0.91	-0.46	0.45	0.9	0.64		0.28	0.83	0.9	APPS
CRNC	0.48	0.35	0.36	0.64	0.31	0.19	0.28		0.41	0.32	CRNC
ARQQ	0.1	0.89	-0.49	0.42	0.92	0.63	0.83	0.41		0.87	ARQQ
BLZE	0.22	0.98	-0.53	0.36	0.9	0.61	0.9	0.32	0.87		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	+ 0.98	BMBL
ARQQ	+ 0.92	BZAI
BZAI	+ 0.91	BMBL
APPS	+ 0.91	BMBL
APPS	+ 0.9	BZAI
BLZE	+ 0.9	BZAI

High negative correlations

BZAI	- 0.56	DJCO
BLZE	- 0.53	DJCO
DJCO	- 0.53	BMBL
ARQQ	- 0.49	DJCO
APPS	- 0.46	DJCO
NBP	- 0.33	DJCO

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	2.28	0.11	0.05	0.15	2.98	(2.29)	4.80	(5.53)	20.60
BMBL	2.63	(0.89)	0.00	(0.33)	0.00	0.00	3.85	(5.00)	29.73
DJCO	2.66	0.26	0.06	0.33	3.93	(2.64)	7.60	(6.37)	21.24
SPT	2.36	(0.32)	0.00	(0.13)	0.00	0.00	4.85	(4.92)	15.22
BZAI	5.10	(0.75)	0.00	(0.23)	0.00	0.00	9.33	(10.00)	45.83
NBP	4.23	(0.01)	0.00	0.07	4.96	(5.06)	8.79	(9.15)	33.43
APPS	3.92	(0.45)	0.00	(0.08)	0.00	0.00	7.03	(7.68)	37.27
CRNC	3.99	(0.21)	(0.02)	0.00	4.53	(4.40)	8.75	(6.89)	33.00
ARQQ	5.79	(1.02)	0.00	(0.11)	0.00	0.00	11.26	(10.64)	46.11
BLZE	3.02	(1.01)	0.00	(0.30)	0.00	0.00	5.49	(6.25)	42.90

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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