DigiAsia Corp Correlations
| FAASWDelisted Stock | 0.01 0.01 50.00% |
The current 90-days correlation between DigiAsia Corp and LeddarTech Holdings is 0.14 (i.e., Average diversification). The correlation of DigiAsia Corp 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.
DigiAsia Corp Correlation With Market
Modest diversification
The correlation between DigiAsia Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigiAsia Corp and DJI in the same portfolio, assuming nothing else is changed.
DigiAsia |
Moving together with DigiAsia Stock
Moving against DigiAsia Stock
| 0.82 | EC | Ecopetrol SA ADR | PairCorr |
| 0.8 | MUFG | Mitsubishi UFJ Financial Sell-off Trend | PairCorr |
| 0.76 | AMTM | Amentum Holdings | PairCorr |
| 0.72 | KB | KB Financial Group | PairCorr |
| 0.63 | CHYM | Chime Financial Class | PairCorr |
| 0.59 | QXO | QXO Inc Sell-off Trend | PairCorr |
| 0.59 | SHG | Shinhan Financial | PairCorr |
| 0.42 | KSPI | Joint Stock | PairCorr |
| 0.34 | VFS | VinFast Auto | PairCorr |
| 0.79 | ORMP | Oramed Pharmaceuticals | PairCorr |
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.74 | AXGN | Axogen Inc | PairCorr |
| 0.66 | YZCHF | Yanzhou Coal Mining | PairCorr |
| 0.65 | OOAG | OMDA Oil | PairCorr |
| 0.6 | DUKB | Duke Energy Corp | PairCorr |
| 0.59 | C | Citigroup | PairCorr |
| 0.58 | JACK | Jack In | PairCorr |
| 0.57 | WF | Woori Financial Group | PairCorr |
| 0.49 | RSASF | RESAAS Services | PairCorr |
| 0.4 | HTHIY | Hitachi Ltd ADR Earnings Call This Week | PairCorr |
| 0.4 | RH | RH | PairCorr |
| 0.32 | CRVH | Chilco River Holdings | PairCorr |
| 0.81 | DD | Dupont De Nemours | PairCorr |
| 0.74 | PNFPP | Pinnacle Financial | PairCorr |
| 0.71 | NLST | Netlist Tech Boost | PairCorr |
| 0.71 | IMTCF | Intrepid Metals Corp | PairCorr |
| 0.7 | SAPIF | Saputo Inc | PairCorr |
| 0.67 | DG | Dollar General | 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 DigiAsia Stock performing well and DigiAsia Corp 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 DigiAsia Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LDTC | 12.71 | (3.50) | 0.00 | (0.76) | 0.00 | 29.87 | 100.69 | |||
| VQS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WRNT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRQSF | 7.45 | (0.10) | 0.01 | 0.06 | 8.02 | 20.00 | 55.84 | |||
| BNSOF | 2.40 | (0.03) | 0.00 | 0.17 | 0.00 | 6.48 | 28.09 | |||
| MIND | 4.81 | 0.19 | 0.04 | 0.20 | 6.54 | 9.33 | 37.32 | |||
| WEJO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AKTS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VJET | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
DigiAsia Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DigiAsia Corp stock to make a market-neutral strategy. Peer analysis of DigiAsia Corp could also be used in its relative valuation, which is a method of valuing DigiAsia Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DigiAsia Corp Corporate Executives
Elected by the shareholders, the DigiAsia Corp's board of directors comprises two types of representatives: DigiAsia Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DigiAsia. The board's role is to monitor DigiAsia Corp's management team and ensure that shareholders' interests are well served. DigiAsia Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DigiAsia Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Subir Lohani | CFO Officer | Profile |
Still Interested in DigiAsia Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.