Direct Digital Correlations

DRCT Stock

USD 0.54 0.01 0.93%

The current 90-days correlation between Direct Digital Holdings and Mirriad Advertising plc is -0.11 (i.e., Good diversification). The correlation of Direct Digital 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.

Direct Digital Correlation With Market

Average diversification

The correlation between Direct Digital Holdings and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Direct Digital Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Direct Digital Holdings. 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.

Moving together with Direct Stock

0.7

iQIYI Inc

Pair Corr

Moving against Direct Stock

0.47	CNK	Cinemark Holdings	Pair Corr
0.41	TV	Grupo Televisa SAB	Pair Corr
0.4	CURIW	CuriosityStream	Pair Corr
0.33	AMC	AMC Entertainment	Pair Corr
0.32	SE	Sea	Pair Corr
0.52	OCG	Oriental Culture Holding Downward Rally	Pair Corr
0.46	LYV	Live Nation Entertainment	Pair Corr
0.4	NYT	New York Times	Pair Corr

Related Correlations Analysis

	EEX	MMDDF	CYPXF	INEOF	QUOT	MCHX	EVC	CMPR	TSQ	QNST
EEX		-0.91	0.0	0.68	0.0	0.47	0.4	0.25	-0.19	-0.24	EEX
MMDDF	-0.91		0.0	-0.57	0.0	-0.39	-0.38	-0.21	0.36	0.45	MMDDF
CYPXF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CYPXF
INEOF	0.68	-0.57	0.0		0.0	0.24	-0.01	0.03	-0.25	-0.03	INEOF
QUOT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	QUOT
MCHX	0.47	-0.39	0.0	0.24	0.0		0.75	0.51	0.39	0.09	MCHX
EVC	0.4	-0.38	0.0	-0.01	0.0	0.75		0.49	0.5	0.11	EVC
CMPR	0.25	-0.21	0.0	0.03	0.0	0.51	0.49		0.45	-0.25	CMPR
TSQ	-0.19	0.36	0.0	-0.25	0.0	0.39	0.5	0.45		0.5	TSQ
QNST	-0.24	0.45	0.0	-0.03	0.0	0.09	0.11	-0.25	0.5		QNST
	EEX	MMDDF	CYPXF	INEOF	QUOT	MCHX	EVC	CMPR	TSQ	QNST

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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

EVC	+ 0.75	MCHX
INEOF	+ 0.68	EEX
CMPR	+ 0.51	MCHX
TSQ	+ 0.5	EVC
QNST	+ 0.5	TSQ
CMPR	+ 0.49	EVC

High negative correlations

MMDDF	- 0.91	EEX
INEOF	- 0.57	MMDDF
MCHX	- 0.39	MMDDF
EVC	- 0.38	MMDDF
QNST	- 0.25	CMPR
TSQ	- 0.25	INEOF

Risk-Adjusted Indicators

There is a big difference between Direct Stock performing well and Direct Digital 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 Direct Digital'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
EEX	2.09	0.20	0.08	0.17	2.26	(2.52)	4.91	(4.16)	19.35
MMDDF	7.36	(3.44)	0.00	28.87	0.00	0.00	0.00	(50.00)	83.33
CYPXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INEOF	2.88	(0.26)	0.00	18.77	0.00	0.00	0.25	(7.12)	70.22
QUOT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCHX	3.15	0.01	0.00	0.18	3.35	(4.36)	7.63	(5.61)	19.61
EVC	2.61	0.34	0.10	0.38	2.98	(3.15)	6.52	(5.58)	17.45
CMPR	2.17	0.12	0.03	(0.25)	2.66	(2.29)	4.97	(5.08)	18.48
TSQ	1.83	(0.11)	0.00	0.73	0.00	0.00	3.80	(3.64)	10.75
QNST	2.39	(0.24)	0.00	(0.19)	0.00	0.00	4.47	(4.83)	23.01

Direct Digital Corporate Management

Lashawnda Goffin	Chief SSP	Profile
Kristie MacDonald	Senior Development	Profile
Diana Diaz	Chief Officer	Profile
Anu Pillai	Chief Officer	Profile
Duyen CPA	Vice Culture	Profile
Maria Lowrey	Chief Officer	Profile

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