Duos Technologies Correlations

DUOT Stock

USD 5.40 0.09 1.64%

The current 90-days correlation between Duos Technologies and Idex Biometrics ASA is -0.13 (i.e., Good diversification). The correlation of Duos Technologies 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.

Duos Technologies Correlation With Market

Significant diversification

The correlation between Duos Technologies Group and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Duos Technologies Group 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 Duos Technologies Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Duos Stock

0.69	DJCO	Daily Journal Corp	Pair Corr
0.75	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.91	BL	Blackline	Pair Corr
0.7	DT	Dynatrace Holdings LLC	Pair Corr
0.69	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.69	ML	MoneyLion	Pair Corr
0.79	WK	Workiva	Pair Corr
0.64	ZI	ZoomInfo Technologies	Pair Corr
0.82	ZM	Zoom Video Communications	Pair Corr
0.93	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.81	DOMO	Domo Inc Earnings Call Today	Pair Corr
0.89	VERX	Vertex	Pair Corr
0.88	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.87	DUOL	Duolingo	Pair Corr
0.81	EGHT	8x8 Common Stock	Pair Corr
0.66	DIDIY	Didi Global ADR	Pair Corr
0.7	ENFN	Enfusion	Pair Corr

Moving against Duos Stock

0.53	VCSA	Vacasa Inc Trending	Pair Corr
0.52	DMAN	Innovativ Media Group	Pair Corr
0.66	ELCO	Elcom International	Pair Corr
0.57	ILLRW	Triller Group Symbol Change	Pair Corr
0.55	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.55	VTEX	VTEX	Pair Corr
0.31	WALD	Waldencast Acquisition	Pair Corr
0.89	ETWO	E2open Parent Holdings	Pair Corr
0.89	EVOL	Evolving Systems	Pair Corr

Related Correlations Analysis

	AMSWA	BCOV	ALKT	ADEA	IDBA	ISDR	CCRD	ENFN	PBTS	OCFT
AMSWA		0.37	0.71	0.16	-0.71	-0.34	0.29	0.77	-0.65	0.52	AMSWA
BCOV	0.37		0.64	-0.01	-0.49	-0.43	0.8	0.69	-0.71	0.33	BCOV
ALKT	0.71	0.64		0.41	-0.76	-0.54	0.41	0.62	-0.72	0.52	ALKT
ADEA	0.16	-0.01	0.41		-0.15	-0.07	0.01	0.02	-0.08	0.09	ADEA
IDBA	-0.71	-0.49	-0.76	-0.15		0.38	-0.13	-0.61	0.72	-0.79	IDBA
ISDR	-0.34	-0.43	-0.54	-0.07	0.38		-0.4	-0.36	0.42	-0.3	ISDR
CCRD	0.29	0.8	0.41	0.01	-0.13	-0.4		0.59	-0.62	-0.05	CCRD
ENFN	0.77	0.69	0.62	0.02	-0.61	-0.36	0.59		-0.7	0.49	ENFN
PBTS	-0.65	-0.71	-0.72	-0.08	0.72	0.42	-0.62	-0.7		-0.44	PBTS
OCFT	0.52	0.33	0.52	0.09	-0.79	-0.3	-0.05	0.49	-0.44		OCFT
	AMSWA	BCOV	ALKT	ADEA	IDBA	ISDR	CCRD	ENFN	PBTS	OCFT

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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

CCRD	+ 0.8	BCOV
ENFN	+ 0.77	AMSWA
PBTS	+ 0.72	IDBA
ALKT	+ 0.71	AMSWA
ENFN	+ 0.69	BCOV
ALKT	+ 0.64	BCOV

High negative correlations

OCFT	- 0.79	IDBA
IDBA	- 0.76	ALKT
PBTS	- 0.72	ALKT
PBTS	- 0.71	BCOV
IDBA	- 0.71	AMSWA
PBTS	- 0.7	ENFN

Risk-Adjusted Indicators

There is a big difference between Duos Stock performing well and Duos Technologies 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 Duos Technologies' 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
AMSWA	1.44	0.29	0.11	(8.43)	1.18	(1.67)	3.79	(2.53)	10.40
BCOV	3.12	0.91	0.41	0.61	1.75	(4.12)	8.73	(4.05)	22.44
ALKT	2.01	0.03	0.06	0.14	2.40	(2.24)	5.03	(4.89)	11.93
ADEA	1.92	(0.15)	(0.02)	0.03	3.84	(1.99)	3.82	(3.41)	28.09
IDBA	1.81	(0.65)	0.00	(1.27)	0.00	0.00	2.74	(6.49)	17.01
ISDR	2.85	(0.04)	0.01	0.10	2.89	(3.28)	8.57	(4.71)	19.72
CCRD	2.11	0.61	0.25	0.88	1.82	(2.49)	5.16	(3.71)	9.62
ENFN	1.62	0.18	0.12	0.27	1.56	(1.95)	3.93	(2.90)	10.11
PBTS	71.04	27.12	1.68	0.77	15.82	(128.99)	25.00	(21.84)	2,409
OCFT	7.89	1.31	0.16	1.27	7.35	(9.75)	27.92	(11.73)	75.58

Duos Technologies Corporate Management

John White	Vice Operations	Profile
Adrian Goldfarb	Chief Officer	Profile
Connie Weeks	Chief Officer	Profile
Charles Ferry	CEO Director	Profile
Andrew Murphy	Chief Officer	Profile

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