Draganfly Correlations

DPRO Stock

USD 7.22 0.99 12.06%

The current 90-days correlation between Draganfly and Sky Harbour Group is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Draganfly moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Draganfly moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Draganfly Correlation With Market

Very weak diversification

The correlation between Draganfly and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Draganfly and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Draganfly Stock

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

To learn how to invest in Draganfly Stock, please use our How to Invest in Draganfly guide.

Moving together with Draganfly Stock

0.69	AZ	A2Z Smart Technologies	Pair Corr
0.69	CR	Crane Company	Pair Corr
0.61	EPAC	Enerpac Tool Group	Pair Corr
0.68	AIN	Albany International	Pair Corr
0.83	DDD	3D Systems	Pair Corr
0.61	NPO	Enpro Industries	Pair Corr
0.7	NVX	Novonix Ltd ADR	Pair Corr

Related Correlations Analysis

	VTSI	SKYH	STI	AIRT	SCWO	MPU	TISI	VATE	MESA	SDST
VTSI		0.6	0.74	0.64	0.8	0.15	0.62	0.35	-0.53	0.55	VTSI
SKYH	0.6		0.22	0.22	0.59	0.32	0.5	0.22	-0.41	0.55	SKYH
STI	0.74	0.22		0.64	0.61	0.0	0.56	0.3	-0.41	0.3	STI
AIRT	0.64	0.22	0.64		0.68	-0.17	0.48	0.47	-0.18	0.43	AIRT
SCWO	0.8	0.59	0.61	0.68		-0.02	0.61	0.59	-0.31	0.69	SCWO
MPU	0.15	0.32	0.0	-0.17	-0.02		0.36	-0.58	-0.57	-0.29	MPU
TISI	0.62	0.5	0.56	0.48	0.61	0.36		0.04	-0.67	0.24	TISI
VATE	0.35	0.22	0.3	0.47	0.59	-0.58	0.04		0.21	0.61	VATE
MESA	-0.53	-0.41	-0.41	-0.18	-0.31	-0.57	-0.67	0.21		0.18	MESA
SDST	0.55	0.55	0.3	0.43	0.69	-0.29	0.24	0.61	0.18		SDST
	VTSI	SKYH	STI	AIRT	SCWO	MPU	TISI	VATE	MESA	SDST

Please upgrade your account to get full access to Macroaxis premium features

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

SCWO	+ 0.8	VTSI
STI	+ 0.74	VTSI
SDST	+ 0.69	SCWO
SCWO	+ 0.68	AIRT
AIRT	+ 0.64	VTSI
AIRT	+ 0.64	STI

High negative correlations

MESA	- 0.67	TISI
VATE	- 0.58	MPU
MESA	- 0.57	MPU
MESA	- 0.53	VTSI
MESA	- 0.41	STI
MESA	- 0.41	SKYH

Risk-Adjusted Indicators

There is a big difference between Draganfly Stock performing well and Draganfly 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 Draganfly'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
VTSI	2.11	(0.41)	0.00	(0.30)	0.00	0.00	4.18	(4.28)	13.29
SKYH	1.68	(0.20)	0.00	(0.08)	0.00	0.00	3.60	(3.65)	12.01
STI	6.27	(0.41)	0.00	(0.16)	0.00	0.00	15.82	(10.75)	34.94
AIRT	2.34	0.00	(0.01)	0.12	3.72	(2.16)	5.40	(5.70)	19.21
SCWO	6.52	(0.20)	0.00	0.00	9.40	(7.19)	19.32	(18.87)	45.42
MPU	4.62	(0.85)	0.00	(0.38)	0.00	0.00	7.20	(12.61)	44.14
TISI	2.14	(0.16)	0.00	(0.26)	0.00	0.00	4.55	(5.07)	13.87
VATE	2.89	0.23	0.06	0.60	3.18	(3.25)	6.67	(4.88)	25.66
MESA	2.58	0.31	0.07	(1.43)	3.05	(2.98)	6.11	(5.56)	16.91
SDST	4.68	(0.26)	0.00	(0.06)	0.00	0.00	8.84	(9.77)	26.43

Draganfly Corporate Management

CFA MBA	CFO Sec	Profile
Paul Mullen	Chief Officer	Profile
Deborah Greenberg	Corporate Legal	Profile
Justin Hannewyk	Pres Inc	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC