DMY Squared Correlations

DMYY Stock

13.25 1.25 10.42%

The correlation of DMY Squared 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.

Correlation With Market: DMY Squared

Good diversification

For the present investment horizon, the measured correlation between DMYY and DJI stands at -0.1, or Good diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build portfolio with DMY Stock

DMY Squared has a market cap of 51.75 M, ROE of -20.14%. See Investing Opportunities for portfolio-level analysis. This includes a position in dMY Squared Technology in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with DMY Stock

0.8	55O1	Apollo Investment Corp	Pair Corr
0.65	CG	Carlyle Group	Pair Corr
0.68	FDUS	Fidus Investment Corp	Pair Corr
0.73	XFLT	XAI Octagon Floating	Pair Corr
0.72	OFS	OFS Capital Corp	Pair Corr
0.68	JAN	Japan Asia Investment	Pair Corr
0.86	0QN	Ares Management Corp	Pair Corr
0.78	ZSL	SLR Investment Corp	Pair Corr

Moving against DMY Stock

0.91	WI	Western Investment	Pair Corr
0.9	FUND	Sprott Focus Trust	Pair Corr
0.72	ANSCU	Agriculture Natural	Pair Corr
0.62	ALPN	Alpine Select AG	Pair Corr
0.58	SPT6	Beta Systems Software	Pair Corr
0.57	ACQ	Acorn Capital Investment	Pair Corr
0.57	SOLI-P	Solid Impact Investments Earnings Call Today	Pair Corr
0.31	IGI	Western Asset Investment	Pair Corr
0.9	AGF-B	AGF Management	Pair Corr
0.75	VKI	Invesco Advantage MIT	Pair Corr
0.71	PPT	Putnam Premier Income	Pair Corr
0.68	BKHT	Brockhaus Capital	Pair Corr
0.62	SAR	Saratoga Investment Corp	Pair Corr
0.91	A3J	AGF Management	Pair Corr
0.86	1WT	WisdomTree Investments	Pair Corr

Related Correlations Analysis

	TDAC	FORL	FTII	WLACW	TBMC	BKHA	HSPO	WINV	ESHA
TDAC		0.0	0.0	-0.46	-0.47	0.59	-0.38	0.0	-0.15	TDAC
FORL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FORL
FTII	0.0	0.0		0.0	0.0	0.0	0.0	1.0	0.0	FTII
WLACW	-0.46	0.0	0.0		0.78	-0.43	0.26	0.0	0.48	WLACW
TBMC	-0.47	0.0	0.0	0.78		-0.49	0.13	0.0	0.49	TBMC
BKHA	0.59	0.0	0.0	-0.43	-0.49		-0.44	0.0	-0.32	BKHA
HSPO	-0.38	0.0	0.0	0.26	0.13	-0.44		0.0	0.09	HSPO
WINV	0.0	0.0	1.0	0.0	0.0	0.0	0.0		0.0	WINV
ESHA	-0.15	0.0	0.0	0.48	0.49	-0.32	0.09	0.0		ESHA
	TDAC	FORL	FTII	WLACW	TBMC	BKHA	HSPO	WINV	ESHA

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

WINV	+ 1.0	FTII
TBMC	+ 0.78	WLACW
BKHA	+ 0.59	TDAC
ESHA	+ 0.49	TBMC
ESHA	+ 0.48	WLACW
HSPO	+ 0.26	WLACW

High negative correlations

BKHA	- 0.49	TBMC
TBMC	- 0.47	TDAC
WLACW	- 0.46	TDAC
HSPO	- 0.44	BKHA
BKHA	- 0.43	WLACW
HSPO	- 0.38	TDAC

Risk-Adjusted Indicators

There is a big difference between DMY Stock performing well and DMY Squared 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 DMY Squared'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
TDAC	0.07	0.00	0.19	0.59	0.00	-0.18	0.19	-0.19	0.95
FORL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FTII	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WLACW	4.19	0.06	0.02	-0.13	5.01	-5.22	11.73	-9.56	28.02
TBMC	3.48	0.01	0.00	-0.03	0.00	0.00	9.54	-8.98	40.51
BKHA	0.29	0.00	0.03	-0.01	0.48	-1.62	0.97	-1.21	6.36
HSPO	1.93	0.13	0.03	0.20	3.37	-5.41	2.46	-3.24	61.25
WINV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESHA	2.63	0.20	0.05	-11.79	4.33	-3.08	7.48	-5.13	53.87

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