Digimarc Correlations

DMRC Stock

USD 7.00 0.13 1.89%

The current 90-days correlation between Digimarc and Unisys is 0.58 (i.e., Very weak diversification). The correlation of Digimarc 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.

Digimarc Correlation With Market

Poor diversification

The correlation between Digimarc and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digimarc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Digimarc Stock

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

For information on how to trade Digimarc Stock refer to our How to Trade Digimarc Stock guide.

Moving together with Digimarc Stock

0.79	DT	Dynatrace Holdings LLC	Pair Corr
0.78	DV	DoubleVerify Holdings	Pair Corr
0.73	JG	Aurora Mobile	Pair Corr
0.63	QH	Quhuo	Pair Corr
0.7	VS	Versus Systems	Pair Corr
0.72	ZD	Ziff Davis	Pair Corr
0.67	DOCU	DocuSign	Pair Corr
0.65	DOMO	Domo Inc	Pair Corr
0.72	VERX	Vertex Potential Growth	Pair Corr
0.77	DSGX	Descartes Systems	Pair Corr
0.78	VRAR	Glimpse Group	Pair Corr
0.65	603383	Fujian Apex Software	Pair Corr

Moving against Digimarc Stock

0.47	WK	Workiva	Pair Corr
0.59	300036	Beijing SuperMap Software	Pair Corr
0.47	RM	RM Plc	Pair Corr
0.39	300845	Zhengzhou J	Pair Corr
0.7	MKT	DeepMarkit Corp	Pair Corr
0.7	ELWS	Earlyworks Co,	Pair Corr
0.51	VMEO	Vimeo Inc	Pair Corr
0.46	SORT	Sorted Group Holdings	Pair Corr
0.39	IOM	iomart Group plc	Pair Corr

Related Correlations Analysis

	UIS	TTEC	ONTF	DVLT	GDC	DUOT	TCX	MEI	IMMR	WALD
UIS		0.43	0.14	0.07	0.62	-0.55	-0.82	0.33	0.65	-0.47	UIS
TTEC	0.43		0.61	-0.04	0.19	-0.01	-0.09	0.32	0.52	-0.11	TTEC
ONTF	0.14	0.61		-0.4	0.16	-0.08	0.26	0.41	0.37	0.09	ONTF
DVLT	0.07	-0.04	-0.4		-0.22	0.26	-0.29	-0.09	-0.11	0.13	DVLT
GDC	0.62	0.19	0.16	-0.22		-0.65	-0.47	0.54	0.47	-0.17	GDC
DUOT	-0.55	-0.01	-0.08	0.26	-0.65		0.47	-0.29	-0.24	0.11	DUOT
TCX	-0.82	-0.09	0.26	-0.29	-0.47	0.47		-0.2	-0.45	0.37	TCX
MEI	0.33	0.32	0.41	-0.09	0.54	-0.29	-0.2		0.48	0.28	MEI
IMMR	0.65	0.52	0.37	-0.11	0.47	-0.24	-0.45	0.48		-0.3	IMMR
WALD	-0.47	-0.11	0.09	0.13	-0.17	0.11	0.37	0.28	-0.3		WALD
	UIS	TTEC	ONTF	DVLT	GDC	DUOT	TCX	MEI	IMMR	WALD

Please upgrade your account to get full access to Macroaxis premium features

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

IMMR	+ 0.65	UIS
GDC	+ 0.62	UIS
ONTF	+ 0.61	TTEC
MEI	+ 0.54	GDC
IMMR	+ 0.52	TTEC
IMMR	+ 0.48	MEI

High negative correlations

TCX	- 0.82	UIS
DUOT	- 0.65	GDC
DUOT	- 0.55	UIS
TCX	- 0.47	GDC
WALD	- 0.47	UIS
IMMR	- 0.45	TCX

Risk-Adjusted Indicators

There is a big difference between Digimarc Stock performing well and Digimarc 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 Digimarc'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
UIS	2.23	(0.69)	0.00	(0.20)	0.00	0.00	4.18	(3.94)	24.72
TTEC	3.02	(0.10)	0.00	(0.01)	0.00	0.00	5.44	(5.51)	21.14
ONTF	1.90	(0.14)	0.00	(0.01)	0.00	0.00	4.29	(4.29)	17.86
DVLT	13.83	2.28	0.26	0.58	8.89	(23.16)	46.55	(16.67)	99.93
GDC	6.46	(0.06)	0.02	0.05	6.51	(8.43)	13.66	(11.64)	47.21
DUOT	3.32	0.33	0.08	0.30	4.09	(3.21)	6.74	(7.61)	16.42
TCX	2.13	0.19	0.08	0.23	2.32	(2.32)	5.20	(4.30)	13.11
MEI	2.59	(0.33)	0.00	(0.09)	0.00	0.00	4.73	(6.23)	18.17
IMMR	1.90	(0.23)	0.00	(0.04)	0.00	0.00	5.01	(3.85)	22.38
WALD	3.51	(0.01)	0.00	0.08	0.00	0.00	7.58	(6.49)	33.33

Digimarc Corporate Management

Niall Murphy	Exec Officer	Profile
Ken Sickles	Executive Officer	Profile
Jill SPHR	Executive Officer	Profile
Carle Quinn	Executive Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC