Daily Journal Correlations

DJCO Stock

USD 564.51 1.00 0.18%

The current 90-days correlation between Daily Journal Corp and Meridianlink is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Daily Journal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daily Journal Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Daily Journal Correlation With Market

Poor diversification

The correlation between Daily Journal Corp and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daily Journal Corp 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 Daily Journal 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 main economic indicators.

Moving together with Daily Stock

0.76	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.75	BL	Blackline	Pair Corr
0.81	DV	DoubleVerify Holdings	Pair Corr
0.87	EB	Eventbrite Class A	Pair Corr
0.77	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.93	ML	MoneyLion	Pair Corr
0.82	PD	Pagerduty	Pair Corr
0.93	WK	Workiva	Pair Corr
0.64	ZI	ZoomInfo Technologies	Pair Corr
0.91	ZM	Zoom Video Communications	Pair Corr
0.8	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.89	DOMO	Domo Inc	Pair Corr
0.86	VERX	Vertex	Pair Corr
0.89	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.71	DTRK	DATATRAK International	Pair Corr
0.71	DUOL	Duolingo	Pair Corr
0.73	DUOT	Duos Technologies	Pair Corr
0.93	VMEO	Vimeo Inc	Pair Corr
0.93	EGHT	8x8 Common Stock	Pair Corr
0.72	ENFN	Enfusion	Pair Corr
0.68	WDAY	Workday	Pair Corr

Moving against Daily Stock

0.41	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.69	EVOL	Evolving Systems	Pair Corr
0.66	XELAP	Exela Technologies	Pair Corr
0.64	VTEX	VTEX	Pair Corr
0.56	ELCO	Elcom International	Pair Corr
0.5	SBIGW	SpringBig Holdings	Pair Corr
0.49	ETWO	E2open Parent Holdings	Pair Corr
0.44	EZFL	EzFill Holdings	Pair Corr
0.4	WALDW	Waldencast Acquisition	Pair Corr

Related Correlations Analysis

	MLNK	CCRD	ENFN	ISDR	ENV	ETWO	HKIT	ALKT	KARO	CWAN
MLNK		0.55	-0.02	-0.21	0.44	0.2	-0.25	0.01	0.07	0.24	MLNK
CCRD	0.55		0.63	-0.47	0.76	-0.26	-0.5	0.46	0.37	0.75	CCRD
ENFN	-0.02	0.63		-0.47	0.37	-0.57	-0.69	0.65	0.61	0.83	ENFN
ISDR	-0.21	-0.47	-0.47		-0.46	0.55	0.45	-0.6	-0.48	-0.57	ISDR
ENV	0.44	0.76	0.37	-0.46		-0.41	-0.37	0.55	0.2	0.65	ENV
ETWO	0.2	-0.26	-0.57	0.55	-0.41		0.6	-0.87	-0.43	-0.69	ETWO
HKIT	-0.25	-0.5	-0.69	0.45	-0.37	0.6		-0.58	-0.53	-0.7	HKIT
ALKT	0.01	0.46	0.65	-0.6	0.55	-0.87	-0.58		0.44	0.81	ALKT
KARO	0.07	0.37	0.61	-0.48	0.2	-0.43	-0.53	0.44		0.51	KARO
CWAN	0.24	0.75	0.83	-0.57	0.65	-0.69	-0.7	0.81	0.51		CWAN
	MLNK	CCRD	ENFN	ISDR	ENV	ETWO	HKIT	ALKT	KARO	CWAN

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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

CWAN	+ 0.83	ENFN
CWAN	+ 0.81	ALKT
ENV	+ 0.76	CCRD
CWAN	+ 0.75	CCRD
ALKT	+ 0.65	ENFN
CWAN	+ 0.65	ENV

High negative correlations

ALKT	- 0.87	ETWO
CWAN	- 0.7	HKIT
CWAN	- 0.69	ETWO
HKIT	- 0.69	ENFN
ALKT	- 0.6	ISDR
ALKT	- 0.58	HKIT

Risk-Adjusted Indicators

There is a big difference between Daily Stock performing well and Daily Journal 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 Daily Journal'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
MLNK	1.62	(0.06)	(0.03)	0.06	2.34	(1.52)	3.17	(3.18)	14.62
CCRD	2.12	0.51	0.21	0.76	1.92	(2.52)	5.16	(3.71)	9.62
ENFN	1.60	0.19	0.12	0.30	1.49	(1.95)	3.93	(2.90)	10.11
ISDR	2.78	0.13	(0.01)	(0.32)	2.90	(3.16)	8.57	(4.71)	19.72
ENV	0.09	0.00	(0.89)	0.29	0.09	(0.10)	0.22	(0.22)	0.68
ETWO	2.30	(0.75)	0.00	(0.20)	0.00	0.00	3.33	(5.33)	24.64
HKIT	2.59	(0.26)	0.00	1.37	0.00	0.00	6.67	(5.85)	21.26
ALKT	1.98	0.05	0.07	0.15	2.36	(2.19)	5.03	(4.89)	12.66
KARO	2.79	0.17	0.05	0.26	3.95	(2.94)	6.16	(5.99)	25.82
CWAN	1.46	0.22	0.14	0.30	1.42	(1.56)	2.80	(2.78)	18.70

Daily Journal Corporate Management

Maryjoe Rodriguez	President	Profile
Michelle Stephens	Executive Secretary	Profile
Kaushik Mehta	CoChief Technologies	Profile
Joseph Jezerinac	CoChief Technologies	Profile
Danny Hemnani	CEO Technologies	Profile
Steven MyhillJones	Interim Chairman	Profile
David Houston	EditorinChief Newspapers	Profile

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