Empery Digital Correlations

EMPD Stock

4.84 0.02 0.41%

The current 90-days correlation between Empery Digital and MCBC Holdings is 0.25 (i.e., Modest diversification). The correlation of Empery Digital 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.

Empery Digital Correlation With Market

Weak diversification

The correlation between Empery Digital and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empery Digital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Empery Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empery Digital. 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.

For information on how to trade Empery Stock refer to our How to Trade Empery Stock guide.

Moving together with Empery Stock

0.94	LI	Li Auto	Pair Corr
0.92	NIO	Nio Class A	Pair Corr
0.76	600006	Dongfeng Automobile	Pair Corr
0.84	000625	Chongqing Changan	Pair Corr
0.71	GLABF	Gemina Laboratories	Pair Corr
0.83	ZTLLF	Zonetail	Pair Corr
0.85	NSFDF	NXT Energy Solutions	Pair Corr

Moving against Empery Stock

0.7	RIVN	Rivian Automotive	Pair Corr
0.69	WSFS	WSFS Financial	Pair Corr
0.67	NMIH	NMI Holdings	Pair Corr
0.66	FYBR	Frontier Communications	Pair Corr
0.57	601238	Guangzhou Automobile	Pair Corr
0.55	ACN	Accenture plc	Pair Corr
0.54	ATI	Allegheny Technologies	Pair Corr
0.47	ACR-PC	ACRES Commercial Realty	Pair Corr
0.42	000572	Haima Automobile	Pair Corr
0.31	ASXSF	Elysee Development Corp	Pair Corr

Related Correlations Analysis

	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW
MCFT		0.59	0.36	0.54	-0.48	-0.11	0.67	0.24	0.44	0.57	MCFT
MPX	0.59		-0.39	-0.23	0.29	0.55	-0.11	-0.09	-0.35	0.2	MPX
NIU	0.36	-0.39		0.76	-0.83	-0.83	0.87	0.37	0.9	0.5	NIU
MPAA	0.54	-0.23	0.76		-0.9	-0.66	0.83	0.2	0.85	0.6	MPAA
HLLY	-0.48	0.29	-0.83	-0.9		0.8	-0.83	-0.16	-0.88	-0.56	HLLY
HVT	-0.11	0.55	-0.83	-0.66	0.8		-0.6	-0.04	-0.81	-0.34	HVT
ONEW	0.67	-0.11	0.87	0.83	-0.83	-0.6		0.44	0.87	0.56	ONEW
GCO	0.24	-0.09	0.37	0.2	-0.16	-0.04	0.44		0.22	-0.02	GCO
INVZ	0.44	-0.35	0.9	0.85	-0.88	-0.81	0.87	0.22		0.46	INVZ
WW	0.57	0.2	0.5	0.6	-0.56	-0.34	0.56	-0.02	0.46		WW
	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW

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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

INVZ	+ 0.9	NIU
ONEW	+ 0.87	NIU
INVZ	+ 0.87	ONEW
INVZ	+ 0.85	MPAA
ONEW	+ 0.83	MPAA
HVT	+ 0.8	HLLY

High negative correlations

HLLY	- 0.9	MPAA
INVZ	- 0.88	HLLY
ONEW	- 0.83	HLLY
HVT	- 0.83	NIU
HLLY	- 0.83	NIU
INVZ	- 0.81	HVT

Risk-Adjusted Indicators

There is a big difference between Empery Stock performing well and Empery Digital 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 Empery Digital'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
MCFT	1.72	0.00	0.01	0.09	2.07	(2.02)	3.43	(3.68)	12.82
MPX	1.66	0.12	0.04	0.23	2.23	(1.71)	3.26	(3.24)	10.53
NIU	2.78	(0.60)	0.00	(0.26)	0.00	0.00	5.50	(6.94)	15.96
MPAA	2.47	(0.26)	0.00	(0.34)	0.00	0.00	4.16	(3.90)	30.59
HLLY	2.27	0.56	0.22	0.84	1.85	(2.62)	5.51	(3.70)	38.65
HVT	1.53	0.37	0.27	0.44	1.10	(2.03)	4.23	(1.90)	10.49
ONEW	2.64	(0.33)	0.00	(0.04)	0.00	0.00	5.92	(4.85)	16.58
GCO	3.21	0.38	0.07	0.28	5.93	(3.76)	8.14	(3.36)	39.13
INVZ	3.55	(1.35)	0.00	(0.26)	0.00	0.00	6.14	(7.48)	34.74
WW	4.31	(0.39)	0.00	(0.08)	0.00	0.00	10.00	(8.96)	27.90

Empery Digital Corporate Management

Brett Director	Vice Legal	Profile
Eduardo SalcedoLopez	Chief Officer	Profile
Timothy Silver	Chief Officer	Profile
Josh Rasmussen	Chief Officer	Profile

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