Dynatrace Holdings Correlations

DT Stock

USD 47.96 0.52 1.10%

The current 90-days correlation between Dynatrace Holdings LLC and Trade Desk is -0.13 (i.e., Good diversification). The correlation of Dynatrace Holdings 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.

Dynatrace Holdings Correlation With Market

Poor diversification

The correlation between Dynatrace Holdings LLC and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynatrace Holdings LLC 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 Dynatrace Holdings LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Dynatrace Stock

0.72	DJCO	Daily Journal Corp	Pair Corr
0.89	AI	C3 Ai Inc	Pair Corr
0.69	BL	Blackline Earnings Call Tomorrow	Pair Corr
0.93	DV	DoubleVerify Holdings Earnings Call Tomorrow	Pair Corr
0.93	EB	Eventbrite Class A	Pair Corr
0.69	KC	Kingsoft Cloud Holdings	Pair Corr
0.76	PD	Pagerduty	Pair Corr
0.85	WK	Workiva	Pair Corr
0.63	ZI	ZoomInfo Technologies	Pair Corr
0.83	ZM	Zoom Video Communications	Pair Corr
0.75	DOCU	DocuSign	Pair Corr
0.62	VERX	Vertex Earnings Call This Week	Pair Corr
0.68	VERB	Verb Technology Earnings Call This Week	Pair Corr
0.87	DSGX	Descartes Systems	Pair Corr
0.63	DUOT	Duos Technologies	Pair Corr
0.89	VMEO	Vimeo Inc Earnings Call Tomorrow	Pair Corr
0.71	VTEX	VTEX	Pair Corr
0.73	EGAN	eGain Earnings Call This Week	Pair Corr
0.96	EGHT	8x8 Common Stock Earnings Call This Week	Pair Corr
0.77	ELWS	Earlyworks Co,	Pair Corr
0.77	WBTN	WEBTOON Entertainment	Pair Corr
0.91	WDAY	Workday	Pair Corr
0.74	WFCF	Where Food Comes	Pair Corr
0.96	ESTC	Elastic NV	Pair Corr
0.86	ETWO	E2open Parent Holdings	Pair Corr
0.74	WALDW	Waldencast Acquisition	Pair Corr
0.87	EXFY	Expensify	Pair Corr
0.84	ANY	Sphere 3D Corp	Pair Corr
0.85	API	Agora Inc	Pair Corr
0.85	APP	Applovin Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TTD	NOW	TEAM	SNOW	U	ESTC	PD	MNDY	DOMO	BILL
TTD		0.68	0.89	0.81	0.18	0.75	0.55	0.44	0.51	0.73	TTD
NOW	0.68		0.74	0.86	0.46	0.77	0.52	0.63	0.45	0.77	NOW
TEAM	0.89	0.74		0.94	0.41	0.84	0.61	0.7	0.54	0.63	TEAM
SNOW	0.81	0.86	0.94		0.41	0.84	0.6	0.72	0.58	0.68	SNOW
U	0.18	0.46	0.41	0.41		0.52	0.37	0.53	0.12	0.21	U
ESTC	0.75	0.77	0.84	0.84	0.52		0.83	0.65	0.67	0.72	ESTC
PD	0.55	0.52	0.61	0.6	0.37	0.83		0.49	0.74	0.57	PD
MNDY	0.44	0.63	0.7	0.72	0.53	0.65	0.49		0.43	0.18	MNDY
DOMO	0.51	0.45	0.54	0.58	0.12	0.67	0.74	0.43		0.49	DOMO
BILL	0.73	0.77	0.63	0.68	0.21	0.72	0.57	0.18	0.49		BILL
	TTD	NOW	TEAM	SNOW	U	ESTC	PD	MNDY	DOMO	BILL

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Risk-Adjusted Indicators

There is a big difference between Dynatrace Stock performing well and Dynatrace Holdings 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 Dynatrace Holdings' 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
TTD	3.61	(1.05)	0.00	3.77	0.00	0.00	4.75	(8.96)	37.45
NOW	2.53	0.01	0.00	(0.11)	0.00	0.00	4.30	(6.06)	18.66
TEAM	2.89	(0.58)	0.00	2.16	0.00	0.00	4.74	(8.99)	23.01
SNOW	2.60	(0.09)	0.00	0.46	0.00	0.00	4.51	(6.70)	17.70
U	3.88	0.26	0.03	0.03	5.11	(3.72)	6.49	(7.57)	43.42
ESTC	2.89	(0.20)	0.00	(0.23)	0.00	0.00	5.91	(7.38)	24.93
PD	2.15	(0.10)	0.00	(0.18)	0.00	0.00	3.60	(4.80)	26.16
MNDY	3.40	0.51	0.09	0.15	4.18	(3.59)	7.13	(7.00)	38.83
DOMO	3.30	0.20	0.04	0.04	4.33	(3.57)	8.13	(7.26)	29.39
BILL	3.16	(0.70)	0.00	(0.46)	0.00	0.00	5.29	(7.18)	36.43

Dynatrace Holdings Corporate Management

Daniel Yates	Corporate VP	Profile
Jill Ward	Independent Director	Profile
Mike Maciag	Chief Officer	Profile
Susan Quackenbush	Senior Officer	Profile
Kenneth Virnig	Independent Director	Profile
Steve Tack	Chief Officer	Profile
Seth Boro	Independent Director	Profile

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