Digimarc Correlations

DMRC Stock

USD 8.60 0.43 5.26%

The current 90-days correlation between Digimarc and TTEC Holdings is 0.14 (i.e., Average diversification). The correlation of Digimarc 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.

Digimarc Correlation With Market

Good diversification

The correlation between Digimarc and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digimarc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Digimarc Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Digimarc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

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

Moving against Digimarc Stock

0.66	HPQ	HP Inc	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.59	NDEKY	Nitto Denko Corp	Pair Corr
0.52	BAC	Bank of America	Pair Corr
0.52	MRK	Merck Company	Pair Corr
0.5	TRV	The Travelers Companies	Pair Corr
0.5	AXP	American Express	Pair Corr
0.44	INTC	Intel	Pair Corr
0.41	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	TTEC	DVLT	VLN	AISP	WALD	SVCO	TCX	UIS	MRT	DUOT
TTEC		-0.09	0.73	0.22	0.61	-0.33	0.59	0.66	0.54	0.21	TTEC
DVLT	-0.09		-0.33	0.64	0.33	0.65	-0.09	-0.44	-0.36	0.69	DVLT
VLN	0.73	-0.33		0.08	0.45	-0.68	0.62	0.77	0.62	-0.06	VLN
AISP	0.22	0.64	0.08		0.66	0.37	0.29	0.14	-0.06	0.72	AISP
WALD	0.61	0.33	0.45	0.66		0.1	0.62	0.52	0.16	0.67	WALD
SVCO	-0.33	0.65	-0.68	0.37	0.1		-0.42	-0.42	-0.47	0.6	SVCO
TCX	0.59	-0.09	0.62	0.29	0.62	-0.42		0.54	0.41	0.14	TCX
UIS	0.66	-0.44	0.77	0.14	0.52	-0.42	0.54		0.56	0.05	UIS
MRT	0.54	-0.36	0.62	-0.06	0.16	-0.47	0.41	0.56		-0.16	MRT
DUOT	0.21	0.69	-0.06	0.72	0.67	0.6	0.14	0.05	-0.16		DUOT
	TTEC	DVLT	VLN	AISP	WALD	SVCO	TCX	UIS	MRT	DUOT

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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

UIS	+ 0.77	VLN
VLN	+ 0.73	TTEC
DUOT	+ 0.72	AISP
DUOT	+ 0.69	DVLT
DUOT	+ 0.67	WALD
UIS	+ 0.66	TTEC

High negative correlations

SVCO	- 0.68	VLN
MRT	- 0.47	SVCO
UIS	- 0.44	DVLT
UIS	- 0.42	SVCO
TCX	- 0.42	SVCO
MRT	- 0.36	DVLT

Risk-Adjusted Indicators

There is a big difference between Digimarc Stock performing well and Digimarc 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 Digimarc'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
TTEC	3.27	(0.41)	0.00	(0.23)	0.00	0.00	5.73	(4.91)	43.68
DVLT	10.95	2.17	0.25	0.45	8.31	(17.27)	31.33	(15.15)	97.15
VLN	2.99	(0.67)	0.00	(1.24)	0.00	0.00	6.23	(8.82)	20.41
AISP	3.98	(0.09)	0.00	(0.01)	0.00	0.00	8.46	(8.04)	30.28
WALD	3.81	(0.20)	0.00	(0.56)	0.00	0.00	7.58	(7.46)	21.56
SVCO	3.56	0.61	0.12	(4.35)	4.09	(4.00)	7.90	(6.17)	31.73
TCX	2.03	(0.18)	0.00	0.21	0.00	0.00	4.21	(4.18)	17.77
UIS	1.99	(0.24)	0.00	0.57	0.00	0.00	3.95	(4.05)	15.13
MRT	2.28	(0.35)	0.00	(0.24)	0.00	0.00	2.92	(4.67)	21.55
DUOT	2.95	0.06	(0.01)	0.00	3.69	(3.21)	4.72	(5.28)	22.94

Digimarc Corporate Management

Niall Murphy	Exec Officer	Profile
Ken Sickles	Executive Officer	Profile
Jill SPHR	Executive Officer	Profile
Carle Quinn	Executive Officer	Profile

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