Doubledown Interactive Correlations

DDI Stock

USD 9.19 0.28 3.14%

The current 90-days correlation between Doubledown Interactive and SohuCom is 0.38 (i.e., Weak diversification). The correlation of Doubledown Interactive 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.

Doubledown Interactive Correlation With Market

Modest diversification

The correlation between Doubledown Interactive Co and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doubledown Interactive Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Doubledown Stock

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

Moving together with Doubledown Stock

0.65	IQ	iQIYI Inc Earnings Call Tomorrow	Pair Corr
0.75	SJ	Scienjoy Holding Corp	Pair Corr
0.61	WLYB	John Wiley Sons	Pair Corr
0.85	BATRA	Atlanta Braves Holdings,	Pair Corr
0.74	BATRK	Atlanta Braves Holdings,	Pair Corr
0.79	ADV	Advantage Solutions	Pair Corr
0.77	DIS	Walt Disney Sell-off Trend	Pair Corr
0.7	LYV	Live Nation Entertainment	Pair Corr
0.61	MCS	Marcus	Pair Corr
0.65	RDI	Reading International	Pair Corr
0.63	TME	Tencent Music Entert Sell-off Trend	Pair Corr
0.82	300027	Huayi Brothers Media	Pair Corr

Moving against Doubledown Stock

0.74	GDEVW	Nexters Warrant	Pair Corr
0.71	SPRX	Sparx Technology	Pair Corr
0.69	DLPN	Dolphin Entertainment	Pair Corr
0.73	AEO	Aeorema Communications	Pair Corr
0.56	300770	Guangdong South New	Pair Corr
0.49	SWAGW	Software Acquisition	Pair Corr
0.45	GDEV	GDEV Inc	Pair Corr

Related Correlations Analysis

	SOHU	GRVY	GDEV	BGIN	IMXI	TSAT	OSPN	XRX	ALLT	EGAN
SOHU		0.81	-0.4	-0.39	-0.52	-0.74	0.2	0.73	-0.32	-0.76	SOHU
GRVY	0.81		-0.45	-0.61	-0.67	-0.75	0.3	0.87	-0.43	-0.94	GRVY
GDEV	-0.4	-0.45		0.13	-0.13	0.74	0.25	-0.25	0.86	0.55	GDEV
BGIN	-0.39	-0.61	0.13		0.5	0.38	-0.14	-0.4	0.18	0.63	BGIN
IMXI	-0.52	-0.67	-0.13	0.5		0.26	-0.59	-0.73	-0.15	0.64	IMXI
TSAT	-0.74	-0.75	0.74	0.38	0.26		0.2	-0.52	0.77	0.81	TSAT
OSPN	0.2	0.3	0.25	-0.14	-0.59	0.2		0.49	0.47	-0.22	OSPN
XRX	0.73	0.87	-0.25	-0.4	-0.73	-0.52	0.49		-0.2	-0.81	XRX
ALLT	-0.32	-0.43	0.86	0.18	-0.15	0.77	0.47	-0.2		0.56	ALLT
EGAN	-0.76	-0.94	0.55	0.63	0.64	0.81	-0.22	-0.81	0.56		EGAN
	SOHU	GRVY	GDEV	BGIN	IMXI	TSAT	OSPN	XRX	ALLT	EGAN

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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

XRX	+ 0.87	GRVY
ALLT	+ 0.86	GDEV
GRVY	+ 0.81	SOHU
EGAN	+ 0.81	TSAT
ALLT	+ 0.77	TSAT
TSAT	+ 0.74	GDEV

High negative correlations

EGAN	- 0.94	GRVY
EGAN	- 0.81	XRX
EGAN	- 0.76	SOHU
TSAT	- 0.75	GRVY
TSAT	- 0.74	SOHU
XRX	- 0.73	IMXI

Risk-Adjusted Indicators

There is a big difference between Doubledown Stock performing well and Doubledown Interactive 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 Doubledown Interactive'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
SOHU	1.39	(0.17)	0.00	(0.16)	0.00	0.00	3.15	(2.93)	8.57
GRVY	0.86	(0.25)	0.00	(0.27)	0.00	0.00	1.75	(1.65)	4.05
GDEV	6.16	0.83	0.12	0.45	6.57	(7.71)	23.55	(10.58)	73.95
BGIN	4.56	(2.20)	0.00	(3.45)	0.00	0.00	14.42	(16.13)	24.13
IMXI	0.51	0.03	(0.03)	0.18	0.53	(0.61)	1.15	(1.10)	6.96
TSAT	3.29	0.12	0.05	0.12	3.70	(3.89)	7.48	(6.81)	32.02
OSPN	2.05	(0.11)	0.00	(0.01)	0.00	0.00	3.47	(3.71)	30.54
XRX	2.75	(0.74)	0.00	(0.20)	0.00	0.00	4.09	(5.45)	19.00
ALLT	2.68	0.20	0.09	0.15	2.90	(3.04)	5.83	(5.08)	16.76
EGAN	3.85	1.05	0.20	0.40	4.55	(4.54)	9.49	(5.31)	48.12

Doubledown Interactive Corporate Management

Haenam Kim	Chief Director	Profile
Joseph Sigrist	CFO Director	Profile
Joseph Jaffoni	Investor Adviser	Profile
In Kim	CEO Director	Profile
Ki Kim	Chief Director	Profile

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