Empery Digital Correlations

EMPD Stock

4.41 0.06 1.38%

The current 90-days correlation between Empery Digital and MCBC Holdings is 0.25 (i.e., Modest diversification). The correlation of Empery Digital 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.

Empery Digital Correlation With Market

Weak diversification

The correlation between Empery Digital and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empery Digital and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Empery Stock

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

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

Moving together with Empery Stock

0.96	LI	Li Auto	Pair Corr
0.92	ZK	ZEEKR Intelligent	Pair Corr
0.96	ECDA	ECD Automotive Design	Pair Corr
0.88	300643	Hamaton Automotive	Pair Corr
0.91	000550	Jiangling Motors Corp	Pair Corr
0.84	601633	Great Wall Motor	Pair Corr
0.86	FFAI	Faraday Future Intel Symbol Change	Pair Corr
0.7	FLYE	Fly E Group,	Pair Corr
0.64	HMC	Honda Motor	Pair Corr
0.93	LOT	Lotus Technology American	Pair Corr
0.95	NIO	Nio Class A Buyout Trend	Pair Corr
0.61	200625	Chongqing Changan	Pair Corr
0.84	601777	Lifan Industry Group	Pair Corr
0.78	FHYD	First Hydrogen Corp	Pair Corr
0.81	200550	Jiangling Motors Corp	Pair Corr
0.97	LCID	Lucid Group	Pair Corr
0.75	ECDAW	ECD Automotive Design	Pair Corr
0.94	603529	AIMA Technology Group	Pair Corr
0.85	VFSWW	VinFast Auto	Pair Corr
0.81	603178	Ningbo Shenglong Aut	Pair Corr
0.91	601127	Chongqing Sokon Ind	Pair Corr
0.96	PSNY	Polestar Automotive Trending	Pair Corr

Moving against Empery Stock

0.89	GM	General Motors Sell-off Trend	Pair Corr
0.75	F	Ford Motor	Pair Corr
0.58	WGO	Winnebago Industries	Pair Corr
0.53	TM	Toyota Motor	Pair Corr
0.5	VFS	VinFast Auto	Pair Corr
0.83	0NXX	Mercedes Benz Group	Pair Corr
0.8	0P6N	Volkswagen AG	Pair Corr
0.76	000572	Haima Automobile	Pair Corr
0.76	RIVN	Rivian Automotive	Pair Corr
0.71	601238	Guangzhou Automobile	Pair Corr
0.51	STLA	Stellantis NV	Pair Corr
0.38	000980	Zotye Automobile	Pair Corr

Related Correlations Analysis

	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW
MCFT		0.43	0.68	0.84	-0.78	-0.65	0.81	0.06	0.75	0.59	MCFT
MPX	0.43		-0.11	0.06	0.09	0.2	-0.05	-0.37	-0.12	0.22	MPX
NIU	0.68	-0.11		0.68	-0.79	-0.8	0.84	0.31	0.89	0.25	NIU
MPAA	0.84	0.06	0.68		-0.89	-0.68	0.87	0.24	0.78	0.65	MPAA
HLLY	-0.78	0.09	-0.79	-0.89		0.88	-0.89	-0.2	-0.89	-0.52	HLLY
HVT	-0.65	0.2	-0.8	-0.68	0.88		-0.8	-0.26	-0.89	-0.33	HVT
ONEW	0.81	-0.05	0.84	0.87	-0.89	-0.8		0.36	0.87	0.55	ONEW
GCO	0.06	-0.37	0.31	0.24	-0.2	-0.26	0.36		0.19	0.16	GCO
INVZ	0.75	-0.12	0.89	0.78	-0.89	-0.89	0.87	0.19		0.33	INVZ
WW	0.59	0.22	0.25	0.65	-0.52	-0.33	0.55	0.16	0.33		WW
	MCFT	MPX	NIU	MPAA	HLLY	HVT	ONEW	GCO	INVZ	WW

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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

INVZ	+ 0.89	NIU
HVT	+ 0.88	HLLY
ONEW	+ 0.87	MPAA
INVZ	+ 0.87	ONEW
MPAA	+ 0.84	MCFT
ONEW	+ 0.84	NIU

High negative correlations

INVZ	- 0.89	HVT
INVZ	- 0.89	HLLY
ONEW	- 0.89	HLLY
HLLY	- 0.89	MPAA
ONEW	- 0.8	HVT
HVT	- 0.8	NIU

Risk-Adjusted Indicators

There is a big difference between Empery Stock performing well and Empery Digital 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 Empery Digital'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
MCFT	1.73	(0.25)	0.00	(0.09)	0.00	0.00	3.43	(3.94)	12.82
MPX	1.68	(0.07)	(0.03)	0.00	2.42	(1.64)	3.26	(3.63)	10.94
NIU	3.18	(0.49)	0.00	(0.27)	0.00	0.00	5.71	(6.94)	32.90
MPAA	2.70	(0.47)	0.00	(0.56)	0.00	0.00	3.97	(5.96)	30.59
HLLY	2.32	0.39	0.17	0.44	1.99	(2.93)	4.41	(3.70)	38.65
HVT	1.55	0.05	0.03	0.12	1.59	(1.84)	3.82	(2.91)	10.49
ONEW	2.45	(0.75)	0.00	(0.23)	0.00	0.00	5.18	(4.85)	16.58
GCO	2.82	(0.38)	0.00	(0.09)	0.00	0.00	7.06	(4.04)	39.13
INVZ	3.31	(1.06)	0.00	(0.28)	0.00	0.00	7.26	(7.76)	23.92
WW	3.91	(0.05)	0.01	0.05	4.77	(4.29)	12.08	(8.90)	23.26

Empery Digital Corporate Management

Brett Director	Vice Legal	Profile
Eduardo SalcedoLopez	Chief Officer	Profile
Timothy Silver	Chief Officer	Profile
Josh Rasmussen	Chief Officer	Profile

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