Big Tree Correlations

DSYWW Stock

0.03 0.0001 0.38%

The current 90-days correlation between Big Tree Cloud and Codexis is -0.23 (i.e., Very good diversification). The correlation of Big Tree 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.

Big Tree Correlation With Market

Significant diversification

The correlation between Big Tree Cloud and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Big Tree Cloud and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Big Stock

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

Moving against Big Stock

0.55	UL	Unilever PLC ADR	Pair Corr
0.49	PG	Procter Gamble	Pair Corr
0.34	WDFC	WD 40 Company	Pair Corr
0.34	KMB	Kimberly Clark	Pair Corr
0.43	BJ	BJs Wholesale Club	Pair Corr
0.36	FC	Franklin Covey	Pair Corr
0.35	TANH	Tantech Holdings	Pair Corr
0.35	LW	Lamb Weston Holdings Earnings Call Tomorrow	Pair Corr
0.32	MTEX	Mannatech Incorporated	Pair Corr

Related Correlations Analysis

	CDXS	NLOP	CTOS	WSC	ECL	ALB-PA	PKE
CDXS		0.61	0.74	0.77	0.51	0.87	0.74	CDXS
NLOP	0.61		0.9	0.66	0.85	0.77	0.65	NLOP
CTOS	0.74	0.9		0.8	0.79	0.88	0.81	CTOS
WSC	0.77	0.66	0.8		0.75	0.74	0.63	WSC
ECL	0.51	0.85	0.79	0.75		0.66	0.58	ECL
ALB-PA	0.87	0.77	0.88	0.74	0.66		0.87	ALB-PA
PKE	0.74	0.65	0.81	0.63	0.58	0.87		PKE
	CDXS	NLOP	CTOS	WSC	ECL	ALB-PA	PKE

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Risk-Adjusted Indicators

There is a big difference between Big Stock performing well and Big Tree 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 Big Tree'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
CDXS	3.34	0.09	0.07	0.17	3.77	(3.75)	7.89	(6.86)	25.55
NLOP	0.87	0.20	0.13	0.56	0.72	(1.01)	2.15	(1.65)	5.66
CTOS	2.39	0.57	0.23	0.82	2.06	(3.06)	6.13	(4.17)	16.82
WSC	2.08	0.08	0.11	0.17	1.90	(2.56)	5.50	(3.78)	15.64
ECL	0.83	0.08	0.05	0.23	0.85	(0.94)	1.83	(1.27)	5.79
ALB-PA	2.21	0.22	0.13	0.28	1.89	(2.70)	5.69	(3.33)	12.16
PKE	1.52	0.52	0.38	0.85	0.72	(1.90)	3.99	(2.17)	9.11

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Big Tree Correlations

Big Tree Correlation With Market

Significant diversification

Moving against Big Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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