Correlation Between Yext and Digimarc
Can any of the company-specific risk be diversified away by investing in both Yext and Digimarc at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Yext and Digimarc into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Yext Inc and Digimarc, you can compare the effects of market volatilities on Yext and Digimarc and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Yext with a short position of Digimarc. Check out your portfolio center. Please also check ongoing floating volatility patterns of Yext and Digimarc.
Diversification Opportunities for Yext and Digimarc
Poor diversification
The 3 months correlation between Yext and Digimarc is 0.78. Overlapping area represents the amount of risk that can be diversified away by holding Yext Inc and Digimarc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Digimarc and Yext is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Yext Inc are associated (or correlated) with Digimarc. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Digimarc has no effect on the direction of Yext i.e., Yext and Digimarc go up and down completely randomly.
Pair Corralation between Yext and Digimarc
Given the investment horizon of 90 days Yext Inc is expected to generate 0.3 times more return on investment than Digimarc. However, Yext Inc is 3.28 times less risky than Digimarc. It trades about -0.16 of its potential returns per unit of risk. Digimarc is currently generating about -0.14 per unit of risk. If you would invest 846.00 in Yext Inc on November 3, 2025 and sell it today you would lose (116.00) from holding Yext Inc or give up 13.71% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Yext Inc vs. Digimarc
Performance |
| Timeline |
| Yext Inc |
| Digimarc |
Yext and Digimarc Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Yext and Digimarc
The main advantage of trading using opposite Yext and Digimarc positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Yext position performs unexpectedly, Digimarc can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Digimarc will offset losses from the drop in Digimarc's long position.| Yext vs. GigaCloud Technology Class | Yext vs. Rezolve AI Limited | Yext vs. Radware | Yext vs. SuperX AI Technology |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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