Viant Technology Correlations

DSP Stock

USD 10.37 0.00 0.00%

The current 90-days correlation between Viant Technology and Expensify is 0.02 (i.e., Significant diversification). The correlation of Viant Technology 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Viant Technology Correlation With Market

Good diversification

The correlation between Viant Technology and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viant Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Viant Stock

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

To learn how to invest in Viant Stock, please use our How to Invest in Viant Technology guide.

Moving together with Viant Stock

0.74	300609	Winner Information	Pair Corr
0.72	603636	Linewell Software	Pair Corr
0.69	002990	Maxvision Technology Corp	Pair Corr

Moving against Viant Stock

0.55	WDAY	Workday	Pair Corr
0.51	SAIL	SailPoint, Common Stock Downward Rally	Pair Corr
0.45	BKS	Beeks Trading	Pair Corr
0.4	PCOR	Procore Technologies	Pair Corr
0.36	MSFT	Microsoft Corp CDR	Pair Corr
0.35	APTD	Aptitude Software	Pair Corr
0.34	301269	Empyrean Technology	Pair Corr
0.75	PLG	Platinum Group Metals	Pair Corr
0.71	UEC	Uranium Energy Corp	Pair Corr
0.65	PATH	Uipath Inc	Pair Corr
0.65	DRDGF	Drdgold	Pair Corr
0.62	NEE	Nextera Energy Aggressive Push	Pair Corr
0.6	SZKMF	Suzuki Motor	Pair Corr
0.55	SNPHF	Santen Pharmaceutical	Pair Corr
0.55	BKKPF	Bangkok Bank Public	Pair Corr
0.43	0A1U	Uber Technologies	Pair Corr
0.37	ILLR	Triller Group	Pair Corr
0.34	DSKYF	Daiichi Sankyo	Pair Corr

Related Correlations Analysis

	TEAD	TROO	EXFY	HIT	XTKG	AISP	SSTI	NRDY	RSSS	RDZN
TEAD		-0.3	0.8	0.55	0.53	0.45	0.87	0.85	0.13	-0.6	TEAD
TROO	-0.3		-0.34	-0.06	-0.71	0.29	-0.42	-0.45	0.44	0.48	TROO
EXFY	0.8	-0.34		0.37	0.61	0.35	0.84	0.93	0.38	-0.83	EXFY
HIT	0.55	-0.06	0.37		0.01	0.73	0.57	0.48	0.39	-0.36	HIT
XTKG	0.53	-0.71	0.61	0.01		-0.19	0.56	0.68	-0.21	-0.65	XTKG
AISP	0.45	0.29	0.35	0.73	-0.19		0.51	0.39	0.56	-0.27	AISP
SSTI	0.87	-0.42	0.84	0.57	0.56	0.51		0.94	0.18	-0.8	SSTI
NRDY	0.85	-0.45	0.93	0.48	0.68	0.39	0.94		0.27	-0.86	NRDY
RSSS	0.13	0.44	0.38	0.39	-0.21	0.56	0.18	0.27		-0.35	RSSS
RDZN	-0.6	0.48	-0.83	-0.36	-0.65	-0.27	-0.8	-0.86	-0.35		RDZN
	TEAD	TROO	EXFY	HIT	XTKG	AISP	SSTI	NRDY	RSSS	RDZN

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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

NRDY	+ 0.94	SSTI
NRDY	+ 0.93	EXFY
SSTI	+ 0.87	TEAD
NRDY	+ 0.85	TEAD
SSTI	+ 0.84	EXFY
EXFY	+ 0.8	TEAD

High negative correlations

RDZN	- 0.86	NRDY
RDZN	- 0.83	EXFY
RDZN	- 0.8	SSTI
XTKG	- 0.71	TROO
RDZN	- 0.65	XTKG
RDZN	- 0.6	TEAD

Risk-Adjusted Indicators

There is a big difference between Viant Stock performing well and Viant Technology 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 Viant Technology'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
TEAD	4.44	(1.17)	0.00	(0.18)	0.00	0.00	9.72	(7.59)	57.75
TROO	4.15	0.84	0.16	(1.33)	3.92	(5.37)	10.40	(7.32)	32.50
EXFY	2.11	(0.55)	0.00	(0.21)	0.00	0.00	3.23	(5.03)	17.91
HIT	5.21	(0.71)	0.00	75.19	0.00	0.00	10.29	(11.95)	48.94
XTKG	5.01	0.31	(0.01)	(0.01)	6.94	(5.36)	11.11	(11.89)	43.90
AISP	4.02	(0.59)	0.00	(0.17)	0.00	0.00	8.46	(8.70)	30.28
SSTI	2.51	(1.01)	0.00	(0.34)	0.00	0.00	2.99	(7.07)	12.86
NRDY	2.05	(0.68)	0.00	(0.41)	0.00	0.00	5.41	(4.51)	15.60
RSSS	2.13	0.09	0.02	0.22	2.50	(2.42)	5.71	(3.79)	13.09
RDZN	4.45	0.29	0.06	0.23	4.76	(5.67)	14.29	(7.96)	32.71

Viant Technology Corporate Management

Tim Vanderhook	Chairman CoFounder	Profile
Brad Samson	Vice Relations	Profile
Dustin Kwan	Chief Officer	Profile
Nicholas CFA	Vice Relations	Profile
Linh Chung	Chief Officer	Profile
Chris Vanderhook	COO CoFounder	Profile
Russell Vanderhook	CoFounder VP	Profile

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