Empery Digital Correlations

EMPD Stock

4.44 0.51 12.98%

The current 90-days correlation between Empery Digital and Marine Products is 0.49 (i.e., Very weak 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

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 metropolitan statistical area.

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

Moving together with Empery Stock

0.78	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.67	FLYE	Fly E Group	Pair Corr
0.63	DCX	Digital Currency X Symbol Change	Pair Corr
0.66	LOT	Lotus Technology	Pair Corr
0.62	XPEV	Xpeng Inc	Pair Corr

Moving against Empery Stock

0.71	TM	Toyota Motor	Pair Corr
0.43	LI	Li Auto	Pair Corr
0.38	HMC	Honda Motor	Pair Corr
0.34	F	Ford Motor	Pair Corr
0.33	BMW3	Bayerische Motoren Werke	Pair Corr
0.76	MMO	Mitsubishi Motors	Pair Corr
0.39	WGO	Winnebago Industries	Pair Corr

Related Correlations Analysis

	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW
MCFT		-0.15	0.2	-0.55	-0.17	0.8	0.64	0.23	-0.62	-0.55	MCFT
MPX	-0.15		-0.68	0.69	-0.25	0.19	0.38	0.26	0.18	0.2	MPX
NIU	0.2	-0.68		-0.57	0.14	-0.17	-0.12	0.05	-0.17	-0.09	NIU
MPAA	-0.55	0.69	-0.57		0.04	-0.16	0.14	0.24	0.63	0.3	MPAA
HLLY	-0.17	-0.25	0.14	0.04		-0.11	-0.25	0.01	0.25	0.2	HLLY
HVT	0.8	0.19	-0.17	-0.16	-0.11		0.77	0.4	-0.26	-0.49	HVT
ONEW	0.64	0.38	-0.12	0.14	-0.25	0.77		0.66	-0.08	-0.42	ONEW
GCO	0.23	0.26	0.05	0.24	0.01	0.4	0.66		0.12	-0.15	GCO
INVZ	-0.62	0.18	-0.17	0.63	0.25	-0.26	-0.08	0.12		0.39	INVZ
WW	-0.55	0.2	-0.09	0.3	0.2	-0.49	-0.42	-0.15	0.39		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	+ 0.8	MCFT
ONEW	+ 0.77	HVT
MPAA	+ 0.69	MPX
GCO	+ 0.66	ONEW
ONEW	+ 0.64	MCFT
INVZ	+ 0.63	MPAA

High negative correlations

NIU	- 0.68	MPX
INVZ	- 0.62	MCFT
MPAA	- 0.57	NIU
WW	- 0.55	MCFT
MPAA	- 0.55	MCFT
WW	- 0.49	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	1.61	0.18	0.09	0.18	1.86	(1.80)	3.91	(3.22)	10.55
MPX	1.87	(0.21)	0.00	(0.10)	0.00	0.00	3.34	(3.55)	21.83
NIU	2.75	(0.03)	(0.01)	0.01	3.38	(2.95)	5.67	(4.97)	13.60
MPAA	2.30	(0.38)	0.00	(0.23)	0.00	0.00	4.98	(5.08)	23.01
HLLY	1.78	(0.07)	0.00	(0.03)	0.00	0.00	4.40	(3.11)	11.37
HVT	1.56	0.03	0.00	0.15	1.61	(1.95)	3.46	(2.69)	10.04
ONEW	2.74	(0.10)	0.00	0.00	0.00	0.00	5.18	(5.84)	15.63
GCO	3.24	(0.37)	0.00	(0.13)	0.00	0.00	7.52	(6.77)	32.48
INVZ	3.54	(0.54)	0.00	(0.11)	0.00	0.00	7.26	(6.61)	34.74
WW	3.70	(0.28)	0.00	(0.08)	0.00	0.00	10.92	(7.97)	25.80

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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