DigiAsia Corp Correlations

Stocks . USA . 
Stock . DigiAsia Corp
FAASW Stock   0.07  0.00  0.000003%   
The current 90-days correlation between DigiAsia Corp and Ryanair Holdings PLC is -0.1 (i.e., Good 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

Good diversification

The correlation between DigiAsia Corp and DJI is -0.15 (i.e., Good 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.
  
Build AI portfolio with DigiAsia Stock
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigiAsia Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
For more information on how to buy DigiAsia Stock please use our How to Invest in DigiAsia Corp guide.

Moving together with DigiAsia Stock

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  0.69MQ MarqetaPairCorr
  0.74VRAR Glimpse GroupPairCorr
  0.79FAAS DigiAsia CorpPairCorr
  0.63BOX Box IncPairCorr
  0.64DLO DlocalPairCorr
  0.61NET CloudflarePairCorr
  0.71XNET Xunlei Ltd AdrPairCorr
  0.68TCX Tucows IncPairCorr

Moving against DigiAsia Stock

  0.35VERI VeritonePairCorr
  0.57EXOD Exodus Movement,PairCorr
  0.54APCXW AppTech Payments CorpPairCorr
  0.47HPAI Helport AI LimitedPairCorr
  0.46WIX WixComPairCorr
  0.44XBP XBP Europe HoldingsPairCorr
  0.33LIDRW AEye IncPairCorr

Related Correlations Analysis

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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   
CAH
+ 0.89
RYAAY
DINO
+ 0.85
RYAAY
DINO
+ 0.83
CAH
DINO
+ 0.8
APGE
DINO
+ 0.68
XPOF
XPOF
+ 0.67
RYAAY
  
High negative correlations   
CAH
- 0.58
REGN
REGN
- 0.5
RYAAY
DINO
- 0.29
REGN
XPOF
- 0.13
REGN

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.

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 LohaniCFO OfficerProfile
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