Domo Correlations

DOMO Stock

USD 12.72 0.00 0.00%

The current 90-days correlation between Domo Inc and Pagerduty is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Domo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Domo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Domo Correlation With Market

Very weak diversification

The correlation between Domo Inc and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domo Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Domo Stock

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

Moving together with Domo Stock

0.81	U	Unity Software	Pair Corr
0.68	DJCO	Daily Journal Corp	Pair Corr
0.75	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.82	BL	Blackline	Pair Corr
0.8	DT	Dynatrace Holdings LLC	Pair Corr
0.9	VERB	Verb Technology Downward Rally	Pair Corr
0.61	DUOL	Duolingo	Pair Corr
0.71	DUOT	Duos Technologies	Pair Corr
0.8	VTEX	VTEX	Pair Corr
0.84	VTSI	VirTra Inc	Pair Corr
0.89	EGAN	eGain	Pair Corr
0.92	ETWO	E2open Parent Holdings	Pair Corr
0.81	BMR	Beamr Imaging	Pair Corr
0.76	BSY	Bentley Systems	Pair Corr

Moving against Domo Stock

0.85	WETO	Webus International	Pair Corr
0.71	QH	Quhuo	Pair Corr
0.64	VMEO	Vimeo Inc	Pair Corr
0.48	ILLRW	Triller Group Symbol Change	Pair Corr
0.35	EPWK	EPWK Holdings	Pair Corr
0.72	FRGT	Freight Technologies	Pair Corr
0.64	EXFY	Expensify	Pair Corr
0.5	FICO	Fair Isaac	Pair Corr
0.46	MRT	Marti Technologies	Pair Corr
0.45	XHLD	TEN Holdings, Common	Pair Corr

Related Correlations Analysis

	DT	ESTC	PD	MNDY	MCLD	WETG	RSKD	MITK	YMM	LTCH
DT		0.5	0.06	0.9	0.0	0.0	0.91	0.94	0.56	0.0	DT
ESTC	0.5		0.82	0.38	0.0	0.0	0.45	0.48	0.77	0.0	ESTC
PD	0.06	0.82		-0.11	0.0	0.0	0.03	0.08	0.71	0.0	PD
MNDY	0.9	0.38	-0.11		0.0	0.0	0.92	0.88	0.37	0.0	MNDY
MCLD	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MCLD
WETG	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	WETG
RSKD	0.91	0.45	0.03	0.92	0.0	0.0		0.89	0.46	0.0	RSKD
MITK	0.94	0.48	0.08	0.88	0.0	0.0	0.89		0.55	0.0	MITK
YMM	0.56	0.77	0.71	0.37	0.0	0.0	0.46	0.55		0.0	YMM
LTCH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LTCH
	DT	ESTC	PD	MNDY	MCLD	WETG	RSKD	MITK	YMM	LTCH

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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

MITK	+ 0.94	DT
RSKD	+ 0.92	MNDY
RSKD	+ 0.91	DT
MNDY	+ 0.9	DT
MITK	+ 0.89	RSKD
MITK	+ 0.88	MNDY

High negative correlations

MNDY	- 0.11	PD
LTCH	- 0.0	YMM
LTCH	- 0.0	MITK
LTCH	- 0.0	RSKD
LTCH	- 0.0	WETG
YMM	- 0.0	WETG

Risk-Adjusted Indicators

There is a big difference between Domo Stock performing well and Domo 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 Domo'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
DT	1.51	0.15	0.07	0.15	2.15	(1.56)	3.74	(2.95)	13.07
ESTC	2.35	(0.17)	0.00	(0.09)	0.00	0.00	4.53	(5.48)	25.74
PD	2.33	(0.33)	0.00	(0.19)	0.00	0.00	4.34	(7.21)	24.94
MNDY	2.41	0.15	0.04	0.10	3.42	(2.44)	4.34	(6.36)	22.43
MCLD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WETG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSKD	1.82	0.16	0.05	0.15	2.75	(1.77)	3.31	(4.41)	16.11
MITK	1.91	0.09	0.04	0.09	2.35	(1.97)	4.14	(4.17)	17.37
YMM	2.29	(0.21)	0.00	(0.22)	0.00	0.00	4.67	(5.47)	15.94
LTCH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Domo Corporate Management

John Mellor	CEO Director	Profile
Madison McCord	Vice Resources	Profile
Alexis JD	Chief Officer	Profile
R Tracy	Chief Officer	Profile
Julie Kehoe	Chief Officer	Profile

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