DIRTT Environmental Correlations
| DRT Stock | CAD 0.92 -0.03 -3.16% |
The current 90-days correlation between DIRTT Environmental and Firan Technology Group is 0.01 (i.e., Significant diversification).DIRTT Environmental's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.
DIRTT Environmental Market Correlation Overview
Excellent diversification
Across the chosen horizon, DRT and DJI show a correlation of -0.7 and fall into the Excellent diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
DIRTT |
The correlation view summarizes how DIRTT Environmental aligns with comparable exposures. Wash sale rules may restrict substantially identical replacements in some jurisdictions; this view is informational only.
Moving together with DIRTT Stock
Moving against DIRTT Stock
Related Correlations Analysis
| 0.87 | 0.82 | 0.7 | 0.79 | 0.86 | 0.14 | MTL | ||
| 0.87 | 0.75 | 0.55 | 0.84 | 0.79 | 0.24 | CJT | ||
| 0.82 | 0.75 | 0.92 | 0.67 | 0.96 | -0.02 | FTG | ||
| 0.7 | 0.55 | 0.92 | 0.47 | 0.91 | -0.07 | ALC | ||
| 0.79 | 0.84 | 0.67 | 0.47 | 0.69 | 0.21 | DXT | ||
| 0.86 | 0.79 | 0.96 | 0.91 | 0.69 | -0.02 | DIV | ||
| 0.14 | 0.24 | -0.02 | -0.07 | 0.21 | -0.02 | ZDC | ||
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 DIRTT Stock performing well and DIRTT Environmental 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 DIRTT Environmental'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MTL | 1.11 | 0.23 | 0.10 | 0.23 | 1.93 | 2.27 | 12.17 | |||
| CJT | 1.54 | 0.22 | 0.13 | 0.80 | 1.51 | 3.23 | 11.95 | |||
| FTG | 2.49 | 0.86 | 0.32 | 0.97 | 2.14 | 6.71 | 16.85 | |||
| ALC | 0.94 | 0.19 | 0.10 | 0.81 | 1.54 | 2.07 | 15.69 | |||
| DXT | 1.35 | 0.14 | 0.07 | 0.30 | 1.97 | 2.42 | 12.72 | |||
| DIV | 0.60 | 0.22 | 0.27 | 0.69 | 0.42 | 1.57 | 3.71 | |||
| ZDC | 2.69 | -0.07 | 0.00 | 1.24 | 0.00 | 5.05 | 23.80 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to DIRTT Environmental Solutions is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
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