DGTL Holdings Correlations
| DGTHF Stock | USD 0.01 0.01 70.00% |
The current 90-days correlation between DGTL Holdings and Quizam Media is -0.66 (i.e., Excellent diversification). The correlation of DGTL Holdings 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.
DGTL Holdings Correlation With Market
Significant diversification
The correlation between DGTL Holdings 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 DGTL Holdings and DJI in the same portfolio, assuming nothing else is changed.
DGTL |
The ability to find closely correlated positions to DGTL Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DGTL Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DGTL Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DGTL Holdings to buy it.
Moving against DGTL Pink Sheet
| 0.62 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.6 | INMD | InMode | PairCorr |
| 0.57 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.54 | DASH | DoorDash, Class A Sell-off Trend | PairCorr |
| 0.52 | IONQ | IONQ Inc | PairCorr |
| 0.52 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.49 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.46 | RUM | Rumble Inc Tech Boost | PairCorr |
| 0.44 | BFLY | Butterfly Network | PairCorr |
| 0.43 | ICAD | icad inc | PairCorr |
| 0.43 | FUND | Sprott Focus Trust | PairCorr |
| 0.42 | PYPL | PayPal Holdings | PairCorr |
| 0.39 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.39 | BBAI | BigBearai Holdings | PairCorr |
| 0.37 | LUNR | Intuitive Machines | PairCorr |
| 0.36 | SOUN | SoundHound AI Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.16 | -0.4 | -0.02 | 0.31 | TNYYF | ||
| 0.16 | 0.26 | -0.68 | -0.23 | SABOF | ||
| -0.4 | 0.26 | -0.33 | -0.84 | ZMDTF | ||
| -0.02 | -0.68 | -0.33 | 0.31 | BBTVF | ||
| 0.31 | -0.23 | -0.84 | 0.31 | QQQFF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between DGTL Pink Sheet performing well and DGTL Holdings 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 DGTL Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TNYYF | 11.99 | 5.26 | 0.00 | (0.64) | 0.00 | 0.00 | 488.00 | |||
| SABOF | 2.23 | 0.52 | 0.00 | (0.05) | 3.29 | 6.67 | 41.67 | |||
| ZMDTF | 4.55 | 0.74 | 0.12 | 1.38 | 4.02 | 15.38 | 36.78 | |||
| BBTVF | 2.34 | (0.27) | 0.00 | (0.10) | 0.00 | 8.70 | 38.10 | |||
| QQQFF | 1.63 | (0.81) | 0.00 | 3.42 | 0.00 | 0.00 | 54.57 |
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