DigiAsia Corp Correlations

FAASW Stock

0.07 0.0003 0.40%

The current 90-days correlation between DigiAsia Corp and Newpark Resources is 0.02 (i.e., Significant diversification). The correlation of DigiAsia 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.

DigiAsia Corp Correlation With Market

Average diversification

The correlation between DigiAsia Corp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DigiAsia 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 DigiAsia 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 state.

For more information on how to buy DigiAsia Stock please use our How to Invest in DigiAsia Corp guide.

Moving against DigiAsia Stock

0.37	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.37	HPAI	Helport AI Limited	Pair Corr

Related Correlations Analysis

	NR	STKL	WNW	GMS	RBC	EYE	ZEUS	FSTR
NR		0.3	0.43	0.22	0.56	0.45	0.65	0.5	NR
STKL	0.3		0.31	0.77	0.85	0.83	0.61	0.81	STKL
WNW	0.43	0.31		0.08	0.43	0.42	0.38	0.47	WNW
GMS	0.22	0.77	0.08		0.77	0.65	0.72	0.78	GMS
RBC	0.56	0.85	0.43	0.77		0.82	0.78	0.91	RBC
EYE	0.45	0.83	0.42	0.65	0.82		0.61	0.72	EYE
ZEUS	0.65	0.61	0.38	0.72	0.78	0.61		0.72	ZEUS
FSTR	0.5	0.81	0.47	0.78	0.91	0.72	0.72		FSTR
	NR	STKL	WNW	GMS	RBC	EYE	ZEUS	FSTR

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Risk-Adjusted Indicators

There is a big difference between DigiAsia Stock performing well and DigiAsia 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 DigiAsia 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
NR	1.76	(0.22)	(0.04)	0.02	2.13	(1.87)	3.73	(3.89)	13.55
STKL	2.47	0.23	0.11	0.26	2.42	(2.98)	4.49	(5.24)	25.87
WNW	2.76	0.32	0.08	0.65	2.63	(4.55)	7.41	(4.82)	29.28
GMS	1.40	(0.03)	0.01	0.11	1.87	(1.44)	2.62	(3.24)	8.96
RBC	1.05	0.01	0.06	0.13	0.99	(1.19)	2.12	(1.98)	11.43
EYE	1.92	0.16	0.05	0.43	1.93	(2.22)	4.82	(2.84)	10.35
ZEUS	2.09	(0.16)	0.00	0.05	2.56	(2.16)	4.04	(4.04)	14.90
FSTR	2.10	0.41	0.25	0.35	1.59	(2.46)	6.37	(3.40)	14.55

DigiAsia Corp Corporate Executives

Elected by the shareholders, the DigiAsia Corp's board of directors comprises two types of representatives: DigiAsia Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DigiAsia. The board's role is to monitor DigiAsia Corp's management team and ensure that shareholders' interests are well served. DigiAsia Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DigiAsia Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Subir Lohani

CFO Officer

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