Data IO Correlations

DAIO Stock

USD 2.80 0.15 5.66%

The current 90-days correlation between Data IO and Kimball Electronics is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Data IO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Data IO moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Data IO Correlation With Market

Weak diversification

The correlation between Data IO and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data IO and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Data Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Data IO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Data Stock, please use our How to Invest in Data IO guide.

Moving together with Data Stock

0.61	BDC	Belden Inc	Pair Corr
0.87	ACSO	Accesso Technology	Pair Corr
0.72	HPQ	HP Inc Sell-off Trend	Pair Corr
0.67	BA	Boeing	Pair Corr

Moving against Data Stock

0.75	FR	First Industrial Realty	Pair Corr
0.72	PTAIY	Astra International Tbk	Pair Corr
0.72	GGB	Gerdau SA ADR	Pair Corr
0.67	384802AD6	GRAINGER W W	Pair Corr
0.64	EC	Ecopetrol SA ADR	Pair Corr
0.59	LST	Light Science Techno	Pair Corr
0.55	PKX	POSCO Holdings	Pair Corr
0.48	PUTKY	United Tractors Tbk	Pair Corr
0.36	PHJMF	PT Hanjaya Mandala	Pair Corr
0.87	KO	Coca Cola	Pair Corr
0.84	CSCO	Cisco Systems	Pair Corr
0.77	DD	Dupont De Nemours	Pair Corr
0.72	JNJ	Johnson Johnson	Pair Corr
0.69	MRK	Merck Company Aggressive Push	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.48	IBM	International Business	Pair Corr
0.36	INTC	Intel Aggressive Push	Pair Corr
0.35	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	KE	VIDE	MEI	RNECF	BYDIF	UNVGY	TBEV	HMICF
KE		0.0	0.6	-0.27	0.57	0.55	0.0	0.0	KE
VIDE	0.0		0.0	0.0	0.0	0.0	0.0	1.0	VIDE
MEI	0.6	0.0		-0.53	0.64	0.78	0.0	0.0	MEI
RNECF	-0.27	0.0	-0.53		-0.27	-0.43	0.0	0.0	RNECF
BYDIF	0.57	0.0	0.64	-0.27		0.73	0.0	0.0	BYDIF
UNVGY	0.55	0.0	0.78	-0.43	0.73		0.0	0.0	UNVGY
TBEV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TBEV
HMICF	0.0	1.0	0.0	0.0	0.0	0.0	0.0		HMICF
	KE	VIDE	MEI	RNECF	BYDIF	UNVGY	TBEV	HMICF

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

HMICF	+ 1.0	VIDE
UNVGY	+ 0.78	MEI
UNVGY	+ 0.73	BYDIF
BYDIF	+ 0.64	MEI
MEI	+ 0.6	KE
BYDIF	+ 0.57	KE

High negative correlations

RNECF	- 0.53	MEI
UNVGY	- 0.43	RNECF
BYDIF	- 0.27	RNECF
RNECF	- 0.27	KE
HMICF	- 0.0	TBEV
HMICF	- 0.0	UNVGY

Risk-Adjusted Indicators

There is a big difference between Data Stock performing well and Data IO 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 Data IO'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
KE	1.86	0.00	0.00	0.04	0.00	0.00	3.56	(4.12)	13.09
VIDE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MEI	2.31	(0.06)	(0.01)	0.01	3.25	(2.13)	4.73	(4.27)	19.39
RNECF	1.25	0.01	0.00	0.03	0.00	0.00	4.42	(4.94)	16.16
BYDIF	2.87	(0.13)	0.00	0.15	0.00	0.00	6.98	(8.49)	22.55
UNVGY	1.25	(0.19)	0.00	1.30	0.00	0.00	1.93	(3.66)	10.02
TBEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HMICF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Data IO Corporate Executives

Elected by the shareholders, the Data IO's board of directors comprises two types of representatives: Data IO inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Data. The board's role is to monitor Data IO's management team and ensure that shareholders' interests are well served. Data IO'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, Data IO's outside directors are responsible for providing unbiased perspectives on the board's policies.

Todd Henne	Corporate CFO	Profile
Gerald Ng	CFO, VP	Profile
Joel Hatlen	CFO, VP of Fin., Treasurer and Secretary	Profile
Rajeev Gulati	CTO and VP of Engineering	Profile

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