Dynatronics Correlations

DYNT Stock

USD 0.05 0 7.71%

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 -0.1 (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.

Build AI portfolio with Dynatronics Stock

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

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

Moving together with Dynatronics Stock

0.7	300061	QITIAN Technology	Pair Corr
0.63	301363	MeHow Innovative	Pair Corr
0.76	600055	Beijing Wandong Medical	Pair Corr
0.73	VNRX	Volitionrx	Pair Corr
0.67	VVOS	Vivos Therapeutics	Pair Corr
0.75	POLX	Polarean Imaging Plc	Pair Corr

Moving against Dynatronics Stock

0.64	SPEC	Inspecs Group plc	Pair Corr
0.6	EW	Edwards Lifesciences Corp	Pair Corr
0.51	688656	HOB Biotech Group	Pair Corr
0.65	BLCO	Bausch Lomb Corp	Pair Corr
0.46	ELMD	Electromed	Pair Corr
0.42	300358	Truking Technology	Pair Corr
0.65	BB1	Blinklab	Pair Corr
0.61	ESTA	Establishment Labs	Pair Corr
0.6	FEMY	Femasys	Pair Corr
0.58	FIGS	Figs Inc	Pair Corr
0.45	AHC	Austco Healthcare	Pair Corr
0.43	ALC	Alcon AG	Pair Corr

Related Correlations Analysis

	MDNWF	BITRF	VRTHF	IDYLF	GRCU	ITNS	VRSEF	BIEI	NEWUF	EVAHF
MDNWF		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MDNWF
BITRF	0.0		0.0	-0.03	-0.1	-0.31	-0.06	0.2	0.22	0.46	BITRF
VRTHF	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VRTHF
IDYLF	0.0	-0.03	0.0		0.44	0.18	-0.82	-0.64	-0.33	-0.52	IDYLF
GRCU	0.0	-0.1	0.0	0.44		0.05	-0.28	-0.24	-0.1	-0.34	GRCU
ITNS	0.0	-0.31	0.0	0.18	0.05		-0.08	-0.2	-0.36	-0.09	ITNS
VRSEF	0.0	-0.06	0.0	-0.82	-0.28	-0.08		0.55	0.32	0.31	VRSEF
BIEI	0.0	0.2	0.0	-0.64	-0.24	-0.2	0.55		0.17	0.54	BIEI
NEWUF	0.0	0.22	0.0	-0.33	-0.1	-0.36	0.32	0.17		0.08	NEWUF
EVAHF	0.0	0.46	0.0	-0.52	-0.34	-0.09	0.31	0.54	0.08		EVAHF
	MDNWF	BITRF	VRTHF	IDYLF	GRCU	ITNS	VRSEF	BIEI	NEWUF	EVAHF

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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

VRTHF	+ 1.0	MDNWF
BIEI	+ 0.55	VRSEF
EVAHF	+ 0.54	BIEI
EVAHF	+ 0.46	BITRF
GRCU	+ 0.44	IDYLF
NEWUF	+ 0.32	VRSEF

High negative correlations

VRSEF	- 0.82	IDYLF
BIEI	- 0.64	IDYLF
EVAHF	- 0.52	IDYLF
NEWUF	- 0.36	ITNS
EVAHF	- 0.34	GRCU
NEWUF	- 0.33	IDYLF

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	0.00	0.00
BITRF	78.34	35.54	0.00	2.56	0.00	0.00	0.00	(18.75)	1,057
VRTHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDYLF	4.56	2.59	0.00	(0.61)	0.00	0.00	0.00	0.00	152.69
GRCU	20.09	5.37	0.10	(4.92)	17.21	(100.00)	100.00	(50.00)	150.00
ITNS	6.85	1.71	0.00	1.80	0.00	0.00	33.33	(20.00)	91.67
VRSEF	8.43	2.04	0.00	(0.25)	0.00	0.00	0.00	(4.55)	231.67
BIEI	7.30	(0.26)	0.00	(0.02)	0.00	0.00	16.67	(14.29)	66.67
NEWUF	1.74	(0.89)	0.00	7.72	0.00	0.00	0.00	0.00	58.33
EVAHF	3.15	(0.04)	0.00	0.27	0.00	0.00	8.57	(2.99)	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

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