Paysign Correlations

PAYS Stock

USD 5.36 0.13 2.37%

The current 90-days correlation between Paysign and Digi Power X is -0.03 (i.e., Good diversification). The correlation of Paysign 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.

Paysign Correlation With Market

Very weak diversification

The correlation between Paysign and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paysign and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Paysign Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Paysign. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

For more information on how to buy Paysign Stock please use our How to Invest in Paysign guide.

Moving together with Paysign Stock

0.67	TIG	Team Internet Group	Pair Corr
0.61	AAGH	America Great Health	Pair Corr

Moving against Paysign Stock

0.71	SBKFF	State Bank	Pair Corr
0.7	NHIC	NewHold Investment Corp	Pair Corr
0.69	PNGM	Er Therapeutics	Pair Corr
0.66	DRXGF	Drax Group plc	Pair Corr
0.65	COPL	Copley Acquisition Corp	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.63	DOCN	DigitalOcean Holdings	Pair Corr
0.6	MTC	MMTEC Inc Tech Boost	Pair Corr
0.59	JBHT	JB Hunt Transport	Pair Corr
0.53	AAPL	Apple Inc	Pair Corr
0.5	GKOS	Glaukos Corp	Pair Corr
0.34	BZDLF	Kincora Copper	Pair Corr

Related Correlations Analysis

	DGXX	TRAK	OCFT	REKR	III	KLTR	ALTS	PDYN	BKTI	ATGL
DGXX		-0.35	0.39	0.64	0.07	-0.1	-0.51	-0.23	-0.25	-0.6	DGXX
TRAK	-0.35		-0.77	-0.14	0.0	0.34	0.88	0.54	0.6	0.41	TRAK
OCFT	0.39	-0.77		0.05	-0.11	0.08	-0.8	-0.87	-0.74	-0.29	OCFT
REKR	0.64	-0.14	0.05		0.1	-0.04	-0.35	0.29	-0.16	-0.57	REKR
III	0.07	0.0	-0.11	0.1		0.03	-0.13	0.14	0.41	0.17	III
KLTR	-0.1	0.34	0.08	-0.04	0.03		0.23	-0.15	-0.01	0.15	KLTR
ALTS	-0.51	0.88	-0.8	-0.35	-0.13	0.23		0.57	0.56	0.57	ALTS
PDYN	-0.23	0.54	-0.87	0.29	0.14	-0.15	0.57		0.57	0.1	PDYN
BKTI	-0.25	0.6	-0.74	-0.16	0.41	-0.01	0.56	0.57		0.16	BKTI
ATGL	-0.6	0.41	-0.29	-0.57	0.17	0.15	0.57	0.1	0.16		ATGL
	DGXX	TRAK	OCFT	REKR	III	KLTR	ALTS	PDYN	BKTI	ATGL

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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

ALTS	+ 0.88	TRAK
REKR	+ 0.64	DGXX
BKTI	+ 0.6	TRAK
PDYN	+ 0.57	ALTS
ATGL	+ 0.57	ALTS
BKTI	+ 0.57	PDYN

High negative correlations

PDYN	- 0.87	OCFT
ALTS	- 0.8	OCFT
OCFT	- 0.77	TRAK
BKTI	- 0.74	OCFT
ATGL	- 0.6	DGXX
ATGL	- 0.57	REKR

Risk-Adjusted Indicators

There is a big difference between Paysign Stock performing well and Paysign 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 Paysign'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
DGXX	6.96	0.58	0.07	(12.93)	6.64	(8.79)	17.66	(12.05)	40.11
TRAK	1.87	(0.45)	0.00	(0.24)	0.00	0.00	3.92	(4.53)	14.31
OCFT	0.57	0.11	0.04	(0.85)	0.52	(0.79)	1.55	(1.11)	4.57
REKR	4.84	0.65	0.14	0.39	4.45	(6.30)	16.57	(7.97)	32.89
III	1.99	0.17	0.07	0.20	2.56	(2.20)	4.07	(2.98)	19.29
KLTR	3.26	(0.13)	(0.01)	0.01	3.74	(4.17)	8.22	(6.70)	32.77
ALTS	5.48	(1.53)	0.00	(0.34)	0.00	0.00	9.57	(10.70)	30.44
PDYN	3.82	(0.74)	0.00	(0.12)	0.00	0.00	7.45	(8.52)	25.43
BKTI	2.64	0.02	0.01	0.08	3.80	(2.47)	4.89	(6.00)	20.07
ATGL	7.37	1.06	0.08	(0.19)	7.83	(10.91)	12.37	(11.70)	151.54

Paysign Corporate Management

James McCroy	Executive DevelopmentIR	Profile
Dennis JD	Executive Development	Profile
Robert Esq	Chief Counsel	Profile
Jeffery Baker	CFO Treasurer	Profile

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