Digital Media Correlations
| DMSDelisted Stock | USD 0.32 0.00 0.00% |
The current 90-days correlation between Digital Media Solutions and Townsquare Media is -0.1 (i.e., Good diversification). The correlation of Digital Media 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.
Digital Media Correlation With Market
Good diversification
The correlation between Digital Media Solutions and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digital Media Solutions and DJI in the same portfolio, assuming nothing else is changed.
Digital |
Moving together with Digital Stock
| 0.82 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.82 | BKRKY | Bank Rakyat | PairCorr |
| 0.81 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.8 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.63 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.78 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Digital Stock
| 0.92 | PTAIF | PT Astra International | PairCorr |
| 0.91 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.89 | SSNLF | Samsung Electronics | PairCorr |
| 0.82 | AXP | American Express Sell-off Trend | PairCorr |
| 0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.79 | T | ATT Inc Aggressive Push | PairCorr |
| 0.79 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | HD | Home Depot | PairCorr |
| 0.74 | HPQ | HP Inc | PairCorr |
| 0.71 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.71 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.68 | DIS | Walt Disney | PairCorr |
| 0.43 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.32 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Digital Stock performing well and Digital Media 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 Digital Media'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GSMG | 2.72 | (0.49) | 0.00 | (0.27) | 0.00 | 8.06 | 19.81 | |||
| ADV | 2.59 | (0.14) | 0.00 | (0.04) | 0.00 | 4.90 | 21.91 | |||
| TSQ | 1.35 | (0.12) | 0.00 | (0.02) | 0.00 | 3.24 | 7.78 | |||
| EVC | 2.26 | 0.09 | 0.06 | 0.15 | 2.61 | 4.81 | 14.74 | |||
| EEX | 3.05 | (0.15) | 0.00 | (0.06) | 0.00 | 4.44 | 36.80 | |||
| MMDDF | 2.70 | (1.38) | 0.00 | 6.47 | 0.00 | 0.00 | 49.21 | |||
| CYPXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INEOF | 2.11 | 0.10 | 0.00 | 0.19 | 0.00 | 0.69 | 79.58 | |||
| QUOT | 2.08 | 0.37 | 0.09 | (2.45) | 2.15 | 6.00 | 17.47 |
View Digital Media Related Equities
| Risk & Return | Correlation |
Digital Media Corporate Management
| Candace Bacon | VP HR | Profile | |
| Joseph Liner | Chief Revenue Officer | Profile | |
| Mary Minnick | Independent Chairman of the Board | Profile | |
| Mike Dukie | VP Support | Profile |
Still Interested in Digital Media Solutions?
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