DHI Correlations

DHX Stock

USD 1.59 0.01 0.63%

The current 90-days correlation between DHI Group and Bridger Aerospace Group is 0.02 (i.e., Significant diversification). The correlation of DHI 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.

DHI Correlation With Market

Significant diversification

The correlation between DHI Group and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DHI Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DHI Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DHI 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 census.

Moving together with DHI Stock

0.9	WB	Weibo Corp	Pair Corr
0.68	WBTN	WEBTOON Entertainment	Pair Corr
0.79	SLE	Super League Enterprise	Pair Corr
0.77	GENI	Genius Sports	Pair Corr
0.91	GITS	Global Interactive Symbol Change	Pair Corr
0.77	YALA	Yalla Group	Pair Corr
0.81	META	Meta Platforms	Pair Corr
0.9	MOMO	Hello Group	Pair Corr
0.61	AUTO	Auto Trader Group	Pair Corr
0.64	EGLX	Enthusiast Gaming	Pair Corr
0.84	DAR	Darelle Online Solutions	Pair Corr
0.64	PSQH	PSQ Holdings	Pair Corr
0.63	SHO	Sportshero	Pair Corr
0.9	ANGI	ANGI Homeservices	Pair Corr
0.92	ATHM	Autohome	Pair Corr
0.97	TONX	TON Strategy Symbol Change	Pair Corr
0.81	TRIP	TripAdvisor	Pair Corr
0.67	PTAIF	PT Astra International	Pair Corr

Moving against DHI Stock

0.87	IZEA	IZEA Inc	Pair Corr
0.77	GOOG	Alphabet CDR	Pair Corr
0.76	GOOG	Alphabet Class C	Pair Corr
0.76	GOOGL	Alphabet Class A	Pair Corr
0.53	YQ	17 Education Technology Upward Rally	Pair Corr
0.9	BAFBF	Balfour Beatty plc	Pair Corr
0.86	PTAIY	Astra International Tbk	Pair Corr
0.81	ACHV	Achieve Life Sciences	Pair Corr
0.79	CLCO	Cool Company	Pair Corr
0.78	TSEM	Tower Semiconductor	Pair Corr
0.63	TLK	Telkom Indonesia Tbk	Pair Corr
0.6	PBCRY	Bank Central Asia	Pair Corr
0.6	WNGRF	George Weston Limited	Pair Corr
0.58	PPERY	Bank Mandiri Persero	Pair Corr
0.41	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	BAER	CBAT	FLUX	DFLI	MHH	SPAI	OPTT	FTEK	OPXS	HURC
BAER		-0.32	-0.4	-0.45	0.21	-0.16	-0.15	-0.11	-0.55	-0.11	BAER
CBAT	-0.32		0.71	0.74	-0.36	0.41	0.47	0.32	0.38	0.36	CBAT
FLUX	-0.4	0.71		0.59	-0.32	0.68	0.69	0.62	0.37	0.72	FLUX
DFLI	-0.45	0.74	0.59		-0.53	0.17	0.27	0.0	0.6	0.22	DFLI
MHH	0.21	-0.36	-0.32	-0.53		0.03	0.04	0.15	-0.64	0.0	MHH
SPAI	-0.16	0.41	0.68	0.17	0.03		0.88	0.93	-0.09	0.8	SPAI
OPTT	-0.15	0.47	0.69	0.27	0.04	0.88		0.87	-0.07	0.76	OPTT
FTEK	-0.11	0.32	0.62	0.0	0.15	0.93	0.87		-0.17	0.81	FTEK
OPXS	-0.55	0.38	0.37	0.6	-0.64	-0.09	-0.07	-0.17		0.07	OPXS
HURC	-0.11	0.36	0.72	0.22	0.0	0.8	0.76	0.81	0.07		HURC
	BAER	CBAT	FLUX	DFLI	MHH	SPAI	OPTT	FTEK	OPXS	HURC

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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

FTEK	+ 0.93	SPAI
OPTT	+ 0.88	SPAI
FTEK	+ 0.87	OPTT
HURC	+ 0.81	FTEK
HURC	+ 0.8	SPAI
HURC	+ 0.76	OPTT

High negative correlations

OPXS	- 0.64	MHH
OPXS	- 0.55	BAER
MHH	- 0.53	DFLI
DFLI	- 0.45	BAER
FLUX	- 0.4	BAER
MHH	- 0.36	CBAT

Risk-Adjusted Indicators

There is a big difference between DHI Stock performing well and DHI 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 DHI'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
BAER	3.05	(0.28)	0.00	(0.05)	0.00	0.00	7.51	(5.62)	17.28
CBAT	2.74	(0.05)	0.00	0.04	2.94	(3.57)	4.60	(5.49)	22.75
FLUX	8.42	0.40	0.04	0.38	11.31	(8.42)	17.05	(17.39)	87.42
DFLI	11.34	2.25	0.25	0.32	9.17	(15.04)	36.84	(16.15)	110.82
MHH	2.51	0.05	0.00	0.18	2.80	(3.28)	5.42	(4.55)	16.31
SPAI	5.04	(0.92)	0.00	(0.65)	0.00	0.00	8.24	(8.85)	35.17
OPTT	4.24	(0.57)	0.00	(0.09)	0.00	0.00	7.69	(8.70)	34.57
FTEK	3.42	(1.05)	0.00	(0.59)	0.00	0.00	6.88	(7.26)	21.55
OPXS	2.97	0.30	0.10	0.20	3.35	(3.24)	6.87	(5.62)	23.53
HURC	1.34	(0.25)	0.00	(0.36)	0.00	0.00	2.82	(3.06)	8.94

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