Destiny Tech100 Correlations

DXYZ Stock

30.00 0.59 1.93%

The current 90-days correlation between Destiny Tech100 and Stellus Capital Investment is 0.11 (i.e., Average diversification). The correlation of Destiny Tech100 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.

Destiny Tech100 Correlation With Market

Poor diversification

The correlation between Destiny Tech100 and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destiny Tech100 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Destiny Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Destiny Tech100. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy Destiny Stock please use our How to Invest in Destiny Tech100 guide.

Moving together with Destiny Stock

0.62	SOP	Sopra Steria Group	Pair Corr
0.67	DTT0	DATATEC LTD 2	Pair Corr
0.76	DXC	DXC Technology	Pair Corr

Moving against Destiny Stock

0.76	DVLT	Datavault AI	Pair Corr
0.71	CD	Chaince Digital Holdings Symbol Change	Pair Corr
0.51	IL8	IT Link SA	Pair Corr
0.48	AMI	amalphi ag	Pair Corr
0.44	CVB	Computer And Technologies	Pair Corr
0.43	DM	Datametrex AI	Pair Corr
0.81	GNIP	GenIP PLC	Pair Corr
0.78	0MD	SQUIRREL MEDIA SA	Pair Corr
0.7	DIN	Digital China Holdings	Pair Corr
0.7	ETHZ	ETHZilla Symbol Change	Pair Corr
0.64	KUD	Kudelski	Pair Corr
0.47	OBS	Orbis AG	Pair Corr
0.38	NCR1	NCR Corporation	Pair Corr
0.36	CDW	CDW Corporation	Pair Corr
0.36	HCI	HC Group	Pair Corr
0.45	NR7	Nomura Research Institute	Pair Corr
0.39	GLE	Global Engine Group	Pair Corr

Related Correlations Analysis

	SCM	HRZN	NEWT	EFTY	LWAC	EIC	ETHZ	DHIL	GECC	PACH
SCM		0.48	0.64	0.0	0.0	0.12	-0.49	0.55	0.06	-0.63	SCM
HRZN	0.48		0.76	0.0	0.0	-0.29	-0.45	0.34	-0.01	0.0	HRZN
NEWT	0.64	0.76		0.0	0.0	-0.43	-0.8	0.77	-0.41	-0.29	NEWT
EFTY	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EFTY
LWAC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LWAC
EIC	0.12	-0.29	-0.43	0.0	0.0		0.58	-0.32	0.61	-0.04	EIC
ETHZ	-0.49	-0.45	-0.8	0.0	0.0	0.58		-0.84	0.75	0.55	ETHZ
DHIL	0.55	0.34	0.77	0.0	0.0	-0.32	-0.84		-0.65	-0.51	DHIL
GECC	0.06	-0.01	-0.41	0.0	0.0	0.61	0.75	-0.65		0.3	GECC
PACH	-0.63	0.0	-0.29	0.0	0.0	-0.04	0.55	-0.51	0.3		PACH
	SCM	HRZN	NEWT	EFTY	LWAC	EIC	ETHZ	DHIL	GECC	PACH

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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

DHIL	+ 0.77	NEWT
NEWT	+ 0.76	HRZN
GECC	+ 0.75	ETHZ
NEWT	+ 0.64	SCM
GECC	+ 0.61	EIC
ETHZ	+ 0.58	EIC

High negative correlations

DHIL	- 0.84	ETHZ
ETHZ	- 0.8	NEWT
GECC	- 0.65	DHIL
PACH	- 0.63	SCM
PACH	- 0.51	DHIL
ETHZ	- 0.49	SCM

Risk-Adjusted Indicators

There is a big difference between Destiny Stock performing well and Destiny Tech100 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 Destiny Tech100'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
SCM	1.11	(0.04)	(0.03)	0.02	1.50	(1.20)	2.04	(2.59)	7.76
HRZN	0.93	0.04	0.02	0.13	1.05	(0.99)	2.52	(1.85)	4.90
NEWT	1.70	0.28	0.13	0.22	1.99	(1.93)	4.68	(2.85)	13.38
EFTY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LWAC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EIC	0.94	(0.26)	0.00	(0.40)	0.00	0.00	1.29	(2.33)	7.18
ETHZ	5.30	(2.35)	0.00	(1.61)	0.00	0.00	6.48	(12.25)	28.54
DHIL	1.43	0.46	0.53	0.35	0.00	(1.91)	1.39	(1.64)	45.03
GECC	1.56	(0.21)	0.00	(0.19)	0.00	0.00	2.55	(4.13)	8.26
PACH	0.09	(0.02)	0.00	2.52	0.00	0.00	0.20	(0.20)	0.59

Destiny Tech100 Corporate Executives

Elected by the shareholders, the Destiny Tech100's board of directors comprises two types of representatives: Destiny Tech100 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Destiny. The board's role is to monitor Destiny Tech100's management team and ensure that shareholders' interests are well served. Destiny Tech100'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, Destiny Tech100's outside directors are responsible for providing unbiased perspectives on the board's policies.

Peter Sattelmair

CFO Treasurer

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