DigiAsia Corp Correlations

FAAS Stock

0.03 0 6.67%

The current 90-days correlation between DigiAsia Corp and Delaware Investments Florida is 0.05 (i.e., Significant diversification). The correlation of DigiAsia Corp 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.

DigiAsia Corp Correlation With Market

Significant diversification

The correlation between DigiAsia Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigiAsia Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DigiAsia Stock

0.85	FIS	Fidelity National	Pair Corr
0.87	JKHY	Jack Henry Associates Sell-off Trend	Pair Corr
0.66	PYPL	PayPal Holdings	Pair Corr
0.76	TOST	Toast Inc	Pair Corr
0.77	USIO	Usio Inc	Pair Corr

Moving against DigiAsia Stock

0.94	PTAIY	Astra International Tbk	Pair Corr
0.8	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.73	TLK	Telkom Indonesia Tbk	Pair Corr
0.72	GPN	Global Payments	Pair Corr
0.64	MA	Mastercard	Pair Corr
0.57	EC	Ecopetrol SA ADR	Pair Corr
0.49	SSNLF	Samsung Electronics	Pair Corr
0.86	NPSKY	NSK Ltd ADR	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.81	IRTC	iRhythm Technologies	Pair Corr
0.75	BPYPO	Brookfield Property	Pair Corr
0.71	TRTX	TPG RE Finance	Pair Corr
0.67	PGY	Pagaya Technologies Downward Rally	Pair Corr
0.67	F	Ford Motor Aggressive Push	Pair Corr
0.66	DBRG-PH	DigitalBridge Group	Pair Corr
0.66	GSVRF	Guanajuato Silver	Pair Corr
0.65	NFG	National Fuel Gas	Pair Corr
0.61	AGNCM	AGNC Investment Corp	Pair Corr
0.5	CHVKF	China Vanke	Pair Corr
0.41	ELEEF	Element Fleet Management	Pair Corr
0.91	RTYUSD	Micro E mini	Pair Corr
0.88	TFC-PI	Truist Financial	Pair Corr
0.82	FPAFY	First Pacific	Pair Corr
0.79	NRT	North European Oil	Pair Corr
0.76	MDRR	Medalist Diversified Reit	Pair Corr
0.76	CCG	Cheche Group Class	Pair Corr

Related Correlations Analysis

	VFL	SHIHF	CIO-P-A	LGIH	PMT-P-B	SLTTF	BKN	MITN
VFL		0.52	0.46	-0.16	0.66	0.38	0.98	0.56	VFL
SHIHF	0.52		0.23	-0.42	0.41	0.22	0.48	0.19	SHIHF
CIO-P-A	0.46	0.23		0.4	0.78	0.62	0.39	0.81	CIO-P-A
LGIH	-0.16	-0.42	0.4		0.18	0.22	-0.15	0.54	LGIH
PMT-P-B	0.66	0.41	0.78	0.18		0.59	0.61	0.84	PMT-P-B
SLTTF	0.38	0.22	0.62	0.22	0.59		0.3	0.63	SLTTF
BKN	0.98	0.48	0.39	-0.15	0.61	0.3		0.53	BKN
MITN	0.56	0.19	0.81	0.54	0.84	0.63	0.53		MITN
	VFL	SHIHF	CIO-P-A	LGIH	PMT-P-B	SLTTF	BKN	MITN

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

BKN	+ 0.98	VFL
MITN	+ 0.84	PMT-P-B
MITN	+ 0.81	CIO-P-A
PMT-P-B	+ 0.78	CIO-P-A
PMT-P-B	+ 0.66	VFL
MITN	+ 0.63	SLTTF

High negative correlations

LGIH	- 0.42	SHIHF
LGIH	- 0.16	VFL
BKN	- 0.15	LGIH

Risk-Adjusted Indicators

There is a big difference between DigiAsia Stock performing well and DigiAsia Corp 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 DigiAsia Corp'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
VFL	0.41	0.08	0.03	10.41	0.32	(0.48)	1.00	(0.73)	3.77
SHIHF	0.14	0.07	0.00	(0.67)	0.00	0.00	0.00	0.00	4.76
CIO-P-A	0.90	0.39	0.66	0.70	0.00	(1.01)	0.36	(0.40)	30.22
LGIH	2.67	(0.24)	0.00	(0.01)	0.00	0.00	8.60	(4.88)	21.24
PMT-P-B	0.36	0.08	0.00	(0.86)	0.50	(0.38)	0.79	(0.65)	3.45
SLTTF	0.88	0.20	0.00	(0.34)	0.00	0.00	0.00	0.00	26.09
BKN	0.38	0.05	(0.04)	(1.09)	0.31	(0.48)	0.86	(0.67)	2.46
MITN	0.21	0.03	(0.11)	(0.20)	0.23	(0.25)	0.55	(0.56)	1.66

DigiAsia Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DigiAsia Corp stock to make a market-neutral strategy. Peer analysis of DigiAsia Corp could also be used in its relative valuation, which is a method of valuing DigiAsia Corp by comparing valuation metrics with similar companies.

Delaware Investments Florida Shenzhen Investment Holdings City Office REIT LGI Homes PennyMac Mortgage Investment Slate Office REIT BlackRock Investment Quality AG Mortgage Investment American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

DigiAsia Corp Corporate Executives

Elected by the shareholders, the DigiAsia Corp's board of directors comprises two types of representatives: DigiAsia Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DigiAsia. The board's role is to monitor DigiAsia Corp's management team and ensure that shareholders' interests are well served. DigiAsia Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DigiAsia Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Subir Lohani

CFO Officer

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