Dynatronics Correlations
| DYNT Stock | USD 0.04 0 5.57% |
The correlation of Dynatronics 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.
Dynatronics Correlation With Market
Good diversification
The correlation between Dynatronics and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynatronics and DJI in the same portfolio, assuming nothing else is changed.
Dynatronics | Build AI portfolio with Dynatronics Stock |
Moving against Dynatronics Stock
| 0.47 | 301370 | GKHT Medical Technology | PairCorr |
| 0.37 | HAE | Haemonetics | PairCorr |
| 0.34 | QIPT | Quipt Home Medical | PairCorr |
| 0.47 | 688607 | CareRay Digital Medical | PairCorr |
| 0.46 | PRN | Profound Medical Corp | PairCorr |
| 0.45 | NVST | Envista Holdings Corp | PairCorr |
| 0.44 | MMSI | Merit Medical Systems | PairCorr |
| 0.43 | 002950 | Allmed Medical Products | PairCorr |
| 0.41 | PROF | Profound Medical Corp | PairCorr |
| 0.31 | 603301 | Zhende Medical | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dynatronics Stock performing well and Dynatronics 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 Dynatronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDNWF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BITRF | 78.32 | 41.18 | 0.00 | (0.71) | 0.00 | 0.00 | 1,739 | |||
| VRTHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IDYLF | 4.56 | 2.23 | 0.00 | 2.52 | 0.00 | 0.00 | 152.69 | |||
| GRCU | 25.41 | 6.51 | 0.13 | 1.95 | 19.87 | 100.00 | 150.00 | |||
| ITNS | 4.98 | 0.88 | 0.00 | (0.61) | 0.00 | 0.00 | 91.67 | |||
| VRSEF | 12.08 | 3.90 | 0.00 | (0.82) | 0.00 | 4.76 | 231.67 | |||
| BIEI | 8.59 | (0.02) | 0.00 | 0.07 | 9.82 | 25.00 | 66.67 | |||
| NEWUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EVAHF | 3.15 | (0.02) | 0.00 | 0.14 | 0.00 | 8.57 | 100.43 |
Dynatronics Corporate Management
| Sarah RomeMealman | VP Marketing | Profile | |
| Mike Withers | Chief Officer | Profile | |
| Mark Crockett | Consultant | Profile | |
| John Krier | President, CEO | Profile | |
| Gabe Ellwein | Chief Officer | Profile | |
| Ryan Staats | Chief Officer | Profile |