DevvStream Corp Correlations

DEVS Stock

0.71 0.04 5.82%

The current 90-days correlation between DevvStream Corp Common and Energy Recovery is 0.1 (i.e., Average diversification). The correlation of DevvStream 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.

DevvStream Corp Correlation With Market

Average diversification

The correlation between DevvStream Corp Common and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DevvStream Corp Common and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DevvStream Stock

0.7	LIQT	LiqTech International	Pair Corr
0.69	SCWO	374Water Common Stock	Pair Corr
0.88	CLWT	Euro Tech Holdings Earnings Call This Week	Pair Corr
0.83	CP	Canadian Pacific Railway	Pair Corr
0.64	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.9	GP	GreenPower Motor	Pair Corr
0.85	HY	Hyster Yale Materials	Pair Corr

Moving against DevvStream Stock

0.92	ZWS	Zurn Elkay Water	Pair Corr
0.92	R	Ryder System	Pair Corr
0.9	G	Genpact Limited	Pair Corr
0.88	AZ	A2Z Smart Technologies	Pair Corr
0.87	ATMU	Atmus Filtration Tec	Pair Corr
0.87	AL	Air Lease	Pair Corr
0.86	ARQ	Arq Inc Symbol Change	Pair Corr
0.79	BE	Bloom Energy Corp	Pair Corr
0.69	PCTTU	Purecycle Technologies	Pair Corr
0.65	PCTTW	PureCycle Technologies	Pair Corr
0.63	PCT	Purecycle Technologies	Pair Corr
0.6	B	Barnes Group Sell-off Trend	Pair Corr
0.48	FSS	Federal Signal	Pair Corr
0.46	CECO	CECO Environmental Corp	Pair Corr
0.41	J	Jacobs Solutions	Pair Corr
0.91	LZ	LegalZoom	Pair Corr
0.9	HI	Hillenbrand	Pair Corr
0.87	CR	Crane Company	Pair Corr
0.85	BR	Broadridge Financial	Pair Corr
0.82	CW	Curtiss Wright	Pair Corr
0.82	OC	Owens Corning	Pair Corr
0.79	KC	Kingsoft Cloud Holdings	Pair Corr
0.71	IR	Ingersoll Rand	Pair Corr
0.66	BV	BrightView Holdings	Pair Corr
0.66	NL	NL Industries	Pair Corr
0.53	DE	Deere Company	Pair Corr
0.5	NX	Quanex Building Products	Pair Corr

Related Correlations Analysis

	ERII	ARQ	FSS	PCT	ZWS	LIQT	ADUR	SCWO	ATMU	PCTTW
ERII		-0.5	-0.53	-0.08	-0.2	0.01	-0.53	0.64	-0.17	-0.06	ERII
ARQ	-0.5		0.53	0.6	0.83	-0.61	-0.01	-0.69	0.82	0.6	ARQ
FSS	-0.53	0.53		0.03	0.58	-0.01	0.17	-0.76	0.43	0.02	FSS
PCT	-0.08	0.6	0.03		0.65	-0.76	-0.24	-0.23	0.67	0.97	PCT
ZWS	-0.2	0.83	0.58	0.65		-0.73	-0.19	-0.67	0.89	0.67	ZWS
LIQT	0.01	-0.61	-0.01	-0.76	-0.73		0.11	0.31	-0.8	-0.81	LIQT
ADUR	-0.53	-0.01	0.17	-0.24	-0.19	0.11		-0.24	-0.14	-0.23	ADUR
SCWO	0.64	-0.69	-0.76	-0.23	-0.67	0.31	-0.24		-0.52	-0.28	SCWO
ATMU	-0.17	0.82	0.43	0.67	0.89	-0.8	-0.14	-0.52		0.67	ATMU
PCTTW	-0.06	0.6	0.02	0.97	0.67	-0.81	-0.23	-0.28	0.67		PCTTW
	ERII	ARQ	FSS	PCT	ZWS	LIQT	ADUR	SCWO	ATMU	PCTTW

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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

PCTTW	+ 0.97	PCT
ATMU	+ 0.89	ZWS
ZWS	+ 0.83	ARQ
ATMU	+ 0.82	ARQ
ATMU	+ 0.67	PCT
PCTTW	+ 0.67	ZWS

High negative correlations

PCTTW	- 0.81	LIQT
ATMU	- 0.8	LIQT
LIQT	- 0.76	PCT
SCWO	- 0.76	FSS
LIQT	- 0.73	ZWS
SCWO	- 0.69	ARQ

Risk-Adjusted Indicators

There is a big difference between DevvStream Stock performing well and DevvStream 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 DevvStream 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
ERII	1.96	0.01	0.00	0.07	4.31	(1.98)	4.14	(2.80)	27.67
ARQ	2.89	0.33	0.07	0.61	3.97	(3.17)	8.92	(5.05)	26.26
FSS	1.16	0.07	0.05	0.10	1.85	(1.10)	2.61	(2.93)	8.93
PCT	3.76	0.44	0.14	0.30	3.31	(4.81)	8.30	(6.74)	36.40
ZWS	0.99	0.17	0.17	0.21	0.80	(1.13)	2.69	(1.69)	5.53
LIQT	4.08	(0.50)	0.00	(1.10)	0.00	0.00	9.55	(9.55)	25.77
ADUR	3.76	0.88	0.19	(0.66)	3.42	(4.93)	10.70	(8.58)	26.87
SCWO	3.94	(1.17)	0.00	(0.42)	0.00	0.00	7.51	(7.36)	35.07
ATMU	1.22	0.13	0.09	0.18	1.25	(1.44)	3.12	(2.23)	11.04
PCTTW	4.78	0.88	0.14	1.56	4.99	(5.77)	11.55	(10.81)	51.37

DevvStream Corp Corporate Management

Jonathan Miller	Chief Officer	Profile
David Goertz	Chief Officer	Profile
Bryan Went	Chief Officer	Profile
Erick Went	Chief Officer	Profile
Sunny Trinh	Chief Officer	Profile

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