DIGITAL Correlations

25389JAT3

99.01 0.28 0.28%

The current 90-days correlation between DIGITAL RLTY TR and Radcom is -0.04 (i.e., Good diversification). The correlation of 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.

DIGITAL Correlation With Market

Modest diversification

The correlation between DIGITAL RLTY TR and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DIGITAL RLTY TR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to DIGITAL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIGITAL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DIGITAL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DIGITAL RLTY TR to buy it.

Moving together with DIGITAL Bond

0.68	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.72	KO	Coca Cola Sell-off Trend	Pair Corr
0.74	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against DIGITAL Bond

0.77	DIS	Walt Disney Aggressive Push	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr
0.74	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.66	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.57	T	ATT Inc Aggressive Push	Pair Corr
0.47	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.39	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	RDCM	STKL	VALN	GO	SBFFY	SNDL	TSN	LFVN
RDCM		0.62	-0.82	0.41	0.73	-0.3	0.04	0.7	RDCM
STKL	0.62		-0.73	0.4	0.59	-0.17	0.16	0.56	STKL
VALN	-0.82	-0.73		-0.21	-0.66	0.16	0.19	-0.84	VALN
GO	0.41	0.4	-0.21		0.39	-0.48	0.63	0.01	GO
SBFFY	0.73	0.59	-0.66	0.39		-0.03	0.15	0.62	SBFFY
SNDL	-0.3	-0.17	0.16	-0.48	-0.03		-0.29	0.11	SNDL
TSN	0.04	0.16	0.19	0.63	0.15	-0.29		-0.44	TSN
LFVN	0.7	0.56	-0.84	0.01	0.62	0.11	-0.44		LFVN
	RDCM	STKL	VALN	GO	SBFFY	SNDL	TSN	LFVN

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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

SBFFY	+ 0.73	RDCM
LFVN	+ 0.7	RDCM
TSN	+ 0.63	GO
STKL	+ 0.62	RDCM
LFVN	+ 0.62	SBFFY
SBFFY	+ 0.59	STKL

High negative correlations

LFVN	- 0.84	VALN
VALN	- 0.82	RDCM
VALN	- 0.73	STKL
SBFFY	- 0.66	VALN
SNDL	- 0.48	GO
LFVN	- 0.44	TSN

Risk-Adjusted Indicators

There is a big difference between DIGITAL Bond performing well and DIGITAL Corporate Bond 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 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
RDCM	2.34	0.35	0.08	1.27	3.06	(2.54)	5.40	(5.38)	19.90
STKL	2.50	0.20	0.10	0.23	2.51	(2.97)	4.49	(5.24)	25.87
VALN	1.95	(1.00)	0.00	8.75	0.00	0.00	3.20	(5.86)	12.07
GO	2.75	0.07	0.05	0.15	3.67	(3.08)	5.85	(5.23)	22.16
SBFFY	0.38	0.05	0.00	0.48	0.00	0.00	0.00	0.00	13.29
SNDL	2.04	(0.02)	0.00	0.18	0.00	0.00	3.86	(3.88)	24.46
TSN	0.97	(0.01)	(0.07)	0.05	1.49	(0.95)	1.73	(2.48)	9.06
LFVN	3.70	0.85	0.15	(1.67)	4.02	(4.26)	8.92	(6.81)	26.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in DIGITAL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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