DigiMax Global Correlations
| DBKSF Stock | USD 0.10 0.02 16.67% |
The correlation of DigiMax Global 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.
DigiMax Global Correlation With Market
Average diversification
The correlation between DigiMax Global 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 DigiMax Global and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to DigiMax Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigiMax Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DigiMax Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DigiMax Global to buy it.
Moving together with DigiMax Pink Sheet
| 0.82 | CGXYY | China Galaxy Securities | PairCorr |
| 0.71 | GS-PA | Goldman Sachs | PairCorr |
| 0.73 | MS-PA | Morgan Stanley | PairCorr |
| 0.64 | GS-PD | Goldman Sachs | PairCorr |
| 0.64 | UIS | Unisys | PairCorr |
| 0.8 | TKCM | Token Communities | PairCorr |
Moving against DigiMax Pink Sheet
| 0.92 | SMDPY | Sumitomo Pharma | PairCorr |
| 0.87 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.87 | GPOVF | Grupo Carso SAB | PairCorr |
| 0.82 | BSM | Black Stone Minerals | PairCorr |
| 0.82 | ANNX | Annexon Trending | PairCorr |
| 0.82 | IREN | IREN Earnings Call This Week | PairCorr |
| 0.76 | PTNDY | Vale Indonesia Tbk | PairCorr |
| 0.75 | RAPP | Rapport Therapeutics, | PairCorr |
| 0.74 | CLNN | Clene Inc | PairCorr |
| 0.68 | PANW | Palo Alto Networks | PairCorr |
| 0.67 | ACR-PC | ACRES Commercial Realty | PairCorr |
| 0.66 | GS | Goldman Sachs Group | PairCorr |
| 0.62 | PRWYF | Prodways Group SA | PairCorr |
| 0.57 | IBKR | Interactive Brokers | PairCorr |
| 0.43 | HDVTY | Henderson Investment | PairCorr |
| 0.93 | BKOR | Oak Ridge Financial | PairCorr |
| 0.9 | IRD | Opus Genetics, | PairCorr |
| 0.84 | BTU | Peabody Energy Corp | PairCorr |
| 0.8 | CDIOW | Cardio Diagnostics | PairCorr |
| 0.79 | EBRZF | Enbridge | PairCorr |
| 0.78 | WTBFA | WTB Financial | PairCorr |
| 0.76 | SRGZ | Star Gold Corp | PairCorr |
| 0.76 | DLTTF | Dalata Hotel Group | PairCorr |
Related Correlations Analysis
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 DigiMax Pink Sheet performing well and DigiMax Global 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 DigiMax Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IHLDF | 5.99 | (0.23) | 0.00 | 0.14 | 0.00 | 14.70 | 61.00 | |||
| CSTXF | 8.11 | 0.39 | 0.03 | 0.15 | 10.61 | 27.10 | 63.45 | |||
| AAMTF | 1.21 | 0.05 | 0.00 | (0.03) | 0.00 | 0.00 | 45.38 | |||
| PMIR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SITS | 5.97 | 0.71 | 0.08 | (0.85) | 6.41 | 15.47 | 58.08 | |||
| ABVN | 1.77 | 0.44 | 0.00 | (0.39) | 0.00 | 7.00 | 38.64 | |||
| BTCWF | 4.18 | (0.77) | 0.00 | (1.31) | 0.00 | 10.42 | 23.21 | |||
| OSHDF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NXMH | 43.77 | 14.91 | 0.28 | (14.77) | 25.37 | 158.62 | 302.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DigiMax Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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DigiMax Global Corporate Management
| Yossi Nevo | COO Director | Profile | |
| Sergey Shilnov | Chief Officer | Profile | |
| Christopher Carl | CEO Pres | Profile | |
| David Berman | CDO | Profile | |
| Ofir Friedman | Chief Director | Profile | |
| Norm Akierman | Pres DataNavee | Profile | |
| Yoav Sivan | Chief Officer | Profile |