Empery Digital Correlations

EMPD Stock

3.68 0.13 3.41%

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

Very good diversification

The correlation between Empery Digital and DJI is -0.45 (i.e., Very good 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

0.63

GRU

Geely Automobile Holdings

Pair Corr

Moving against Empery Stock

0.64	BNKHF	BOC Hong Kong	Pair Corr
0.64	FIBK	First Interstate Ban	Pair Corr
0.63	OBYCF	Obayashi	Pair Corr
0.61	FCAP	First Capital	Pair Corr
0.59	NFG	National Fuel Gas	Pair Corr
0.53	TM	Toyota Motor	Pair Corr
0.5	02G	Guangzhou Automobile	Pair Corr
0.49	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.48	JUPGF	Jupiter Gold	Pair Corr
0.46	ENS	Enersys Earnings Call Today	Pair Corr
0.44	THO	Thor Industries	Pair Corr
0.44	YLLXF	Yellow Cake plc	Pair Corr
0.39	RCKY	Rocky Brands	Pair Corr
0.33	TFLM	TFLM	Pair Corr
0.31	SECVY	Seche Environnement	Pair Corr

Related Correlations Analysis

	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW
MCFT		0.48	-0.23	-0.05	0.02	0.81	0.57	0.22	-0.41	-0.27	MCFT
MPX	0.48		-0.53	-0.05	0.22	0.62	0.2	0.09	-0.49	-0.14	MPX
NIU	-0.23	-0.53		0.38	-0.56	-0.61	0.44	0.26	0.74	0.35	NIU
MPAA	-0.05	-0.05	0.38		-0.64	-0.3	0.42	0.19	0.63	0.31	MPAA
HLLY	0.02	0.22	-0.56	-0.64		0.46	-0.48	-0.13	-0.58	-0.21	HLLY
HVT	0.81	0.62	-0.61	-0.3	0.46		0.22	0.16	-0.62	-0.4	HVT
ONEW	0.57	0.2	0.44	0.42	-0.48	0.22		0.57	0.35	-0.1	ONEW
GCO	0.22	0.09	0.26	0.19	-0.13	0.16	0.57		0.17	-0.18	GCO
INVZ	-0.41	-0.49	0.74	0.63	-0.58	-0.62	0.35	0.17		0.38	INVZ
WW	-0.27	-0.14	0.35	0.31	-0.21	-0.4	-0.1	-0.18	0.38		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

HVT	+ 0.81	MCFT
INVZ	+ 0.74	NIU
INVZ	+ 0.63	MPAA
HVT	+ 0.62	MPX
ONEW	+ 0.57	MCFT
GCO	+ 0.57	ONEW

High negative correlations

HLLY	- 0.64	MPAA
INVZ	- 0.62	HVT
HVT	- 0.61	NIU
INVZ	- 0.58	HLLY
HLLY	- 0.56	NIU
NIU	- 0.53	MPX

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	1.80	0.10	0.05	0.17	2.07	(2.06)	4.21	(3.68)	9.51
MPX	1.92	(0.13)	0.00	(0.03)	0.00	0.00	3.34	(3.55)	20.40
NIU	3.09	(0.26)	0.00	(0.07)	0.00	0.00	6.05	(7.55)	15.96
MPAA	2.73	(0.72)	0.00	(0.79)	0.00	0.00	4.55	(4.53)	26.59
HLLY	2.39	0.52	0.21	0.49	1.97	(2.80)	5.51	(3.88)	38.65
HVT	1.56	0.15	0.12	0.20	1.32	(2.04)	3.82	(2.43)	9.36
ONEW	2.94	(0.42)	0.00	(0.07)	0.00	0.00	5.92	(6.54)	14.64
GCO	3.26	(0.12)	(0.01)	0.03	5.80	(3.90)	8.14	(5.92)	39.13
INVZ	3.54	(0.96)	0.00	(0.20)	0.00	0.00	7.26	(7.09)	34.74
WW	4.28	(0.57)	0.00	(0.13)	0.00	0.00	12.15	(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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