Davis Commodities Correlations

DTCK Stock

0.35 0.00 0.000003%

The current 90-days correlation between Davis Commodities and Bridgford Foods is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Davis Commodities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Davis Commodities Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Davis Commodities Correlation With Market

Significant diversification

The correlation between Davis Commodities Limited and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Davis Commodities Limited and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Davis Stock

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

Moving against Davis Stock

0.51	CASY	Caseys General Stores Earnings Call Today	Pair Corr
0.42	OGO	Organto Foods	Pair Corr
0.32	WMT	Walmart Aggressive Push	Pair Corr
0.42	VTLE	Vital Energy	Pair Corr

Related Correlations Analysis

	LOCL	BRLS	DIT	BRID	GNS	LFS	STG	ATPC	DDC	AFRI
LOCL		0.27	0.06	0.18	0.49	-0.21	0.28	-0.41	0.32	-0.29	LOCL
BRLS	0.27		0.43	0.02	0.27	-0.31	0.1	-0.38	0.24	-0.3	BRLS
DIT	0.06	0.43		-0.1	0.2	-0.12	0.16	0.08	0.26	-0.3	DIT
BRID	0.18	0.02	-0.1		0.31	-0.21	0.46	-0.25	0.39	-0.27	BRID
GNS	0.49	0.27	0.2	0.31		-0.02	0.73	-0.1	0.71	-0.66	GNS
LFS	-0.21	-0.31	-0.12	-0.21	-0.02		-0.12	0.42	-0.25	0.14	LFS
STG	0.28	0.1	0.16	0.46	0.73	-0.12		-0.08	0.91	-0.87	STG
ATPC	-0.41	-0.38	0.08	-0.25	-0.1	0.42	-0.08		-0.06	0.09	ATPC
DDC	0.32	0.24	0.26	0.39	0.71	-0.25	0.91	-0.06		-0.88	DDC
AFRI	-0.29	-0.3	-0.3	-0.27	-0.66	0.14	-0.87	0.09	-0.88		AFRI
	LOCL	BRLS	DIT	BRID	GNS	LFS	STG	ATPC	DDC	AFRI

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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

DDC	+ 0.91	STG
STG	+ 0.73	GNS
DDC	+ 0.71	GNS
GNS	+ 0.49	LOCL
STG	+ 0.46	BRID
DIT	+ 0.43	BRLS

High negative correlations

AFRI	- 0.88	DDC
AFRI	- 0.87	STG
AFRI	- 0.66	GNS
ATPC	- 0.41	LOCL
ATPC	- 0.38	BRLS
LFS	- 0.31	BRLS

Risk-Adjusted Indicators

There is a big difference between Davis Stock performing well and Davis Commodities 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 Davis Commodities' 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
LOCL	4.19	0.20	0.05	0.23	4.19	(5.42)	13.58	(7.82)	28.89
BRLS	5.10	(0.23)	0.00	(0.12)	0.00	0.00	10.49	(13.88)	82.92
DIT	1.23	(0.05)	0.00	(0.23)	0.00	0.00	3.06	(2.82)	10.14
BRID	1.84	(0.02)	0.00	(3.00)	0.00	0.00	4.11	(4.00)	12.89
GNS	4.67	(0.48)	0.00	(0.05)	0.00	0.00	10.61	(8.26)	33.16
LFS	33.03	10.65	0.84	0.75	12.06	(64.39)	35.05	(22.92)	617.95
STG	3.05	(0.44)	0.00	(0.97)	0.00	0.00	6.08	(5.86)	34.54
ATPC	2.23	(0.14)	0.00	(0.08)	0.00	0.00	5.69	(4.84)	14.10
DDC	5.21	(1.59)	0.00	(1.60)	0.00	0.00	8.44	(13.24)	50.12
AFRI	1.75	0.33	0.13	2.28	1.72	(2.04)	5.06	(3.00)	10.71

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