Viant Technology Correlations

DSP Stock

USD 9.51 0.01 0.11%

The current 90-days correlation between Viant Technology and Lam Research Corp is 0.24 (i.e., Modest diversification). The correlation of Viant Technology 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.

Viant Technology Correlation With Market

Modest diversification

The correlation between Viant Technology and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viant Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Viant Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Viant 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 main economic indicators.

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

Moving together with Viant Stock

0.65	U	Unity Software	Pair Corr
0.77	DV	DoubleVerify Holdings	Pair Corr
0.92	ZD	Ziff Davis Earnings Call Today	Pair Corr
0.68	VEEA	Veea Inc	Pair Corr
0.62	VERX	Vertex	Pair Corr
0.73	DUOT	Duos Technologies	Pair Corr

Moving against Viant Stock

0.68	DSG	Dillistone Group PLC	Pair Corr
0.58	60Z	UNIFIEDPOST GRP SANV Earnings Call This Week	Pair Corr
0.59	PR1	Pri0r1ty Intelligence	Pair Corr
0.56	EGHT	8x8 Common Stock	Pair Corr

Related Correlations Analysis

	SHOP	UBER	APP	MU	NOW	IBM	CSCO	LRCX
SHOP		0.65	0.95	-0.66	0.8	0.69	-0.51	-0.59	SHOP
UBER	0.65		0.62	-0.65	0.81	0.67	-0.45	-0.64	UBER
APP	0.95	0.62		-0.64	0.79	0.72	-0.35	-0.58	APP
MU	-0.66	-0.65	-0.64		-0.91	-0.49	0.28	0.98	MU
NOW	0.8	0.81	0.79	-0.91		0.62	-0.42	-0.9	NOW
IBM	0.69	0.67	0.72	-0.49	0.62		-0.12	-0.46	IBM
CSCO	-0.51	-0.45	-0.35	0.28	-0.42	-0.12		0.25	CSCO
LRCX	-0.59	-0.64	-0.58	0.98	-0.9	-0.46	0.25		LRCX
	SHOP	UBER	APP	MU	NOW	IBM	CSCO	LRCX

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

LRCX	+ 0.98	MU
APP	+ 0.95	SHOP
NOW	+ 0.81	UBER
NOW	+ 0.8	SHOP
NOW	+ 0.79	APP
IBM	+ 0.72	APP

High negative correlations

NOW	- 0.91	MU
LRCX	- 0.9	NOW
MU	- 0.66	SHOP
MU	- 0.65	UBER
MU	- 0.64	APP
LRCX	- 0.64	UBER

Risk-Adjusted Indicators

There is a big difference between Viant Stock performing well and Viant Technology 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 Viant Technology'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
SHOP	2.62	(0.29)	0.00	(0.10)	0.00	0.00	5.67	(6.78)	15.50
UBER	1.56	(0.35)	0.00	(0.63)	0.00	0.00	2.46	(3.82)	11.09
APP	3.81	(0.41)	0.00	(0.16)	0.00	0.00	7.44	(8.24)	32.87
MU	3.55	0.81	0.22	0.54	3.26	(4.20)	9.94	(5.56)	20.06
NOW	2.14	(0.74)	0.00	(1.30)	0.00	0.00	2.69	(6.97)	13.48
IBM	1.56	(0.34)	0.00	(0.17)	0.00	0.00	2.61	(4.69)	11.62
CSCO	1.22	(0.03)	(0.01)	0.04	2.46	(1.23)	2.96	(2.35)	15.57
LRCX	2.63	0.67	0.23	0.40	2.78	(2.99)	7.00	(5.07)	17.49

Viant Technology Corporate Management

Tim Vanderhook	Chairman CoFounder	Profile
Brad Samson	Vice Relations	Profile
Dustin Kwan	Chief Officer	Profile
Nicholas CFA	Vice Relations	Profile
Linh Chung	Chief Officer	Profile
Chris Vanderhook	COO CoFounder	Profile
Russell Vanderhook	CoFounder VP	Profile

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