Destiny Tech100 Correlations
| DXYZ Stock | 31.81 1.60 4.79% |
The current 90-days correlation between Destiny Tech100 and Westrock Coffee is 0.05 (i.e., Significant diversification). The correlation of Destiny Tech100 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.
Destiny Tech100 Correlation With Market
Weak diversification
The correlation between Destiny Tech100 and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Destiny Tech100 and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Destiny Stock
| 0.76 | ANY | Sphere 3D Corp | PairCorr |
| 0.63 | SWVL | Swvl Holdings Corp | PairCorr |
| 0.61 | DT | Dynatrace Holdings LLC | PairCorr |
Moving against Destiny Stock
| 0.47 | DGNX | Diginex Limited Ordinary | PairCorr |
| 0.41 | FUFU | BitFuFu Class A | PairCorr |
| 0.36 | GBTG | Global Business Travel | PairCorr |
| 0.31 | NTRP | NextTrip | PairCorr |
| 0.73 | QH | Quhuo Tech Boost | PairCorr |
| 0.69 | FI | Fiserv, Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Destiny Stock performing well and Destiny Tech100 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 Destiny Tech100'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTAM | 1.81 | 0.15 | 0.07 | 0.28 | 1.78 | 3.84 | 11.76 | |||
| BTI | 1.05 | 0.34 | 0.16 | (5.55) | 0.96 | 2.69 | 5.70 | |||
| STZ | 1.14 | (0.19) | 0.00 | (0.27) | 0.00 | 2.08 | 8.90 | |||
| ACLS | 2.33 | 0.44 | 0.20 | 0.41 | 2.18 | 6.44 | 13.36 | |||
| SNDVF | 0.31 | (0.16) | 0.00 | (1.07) | 0.00 | 0.00 | 11.08 | |||
| ALTO | 3.09 | 0.36 | 0.10 | 0.53 | 3.29 | 7.77 | 19.09 | |||
| KO | 0.75 | (0.08) | 0.00 | (0.26) | 0.00 | 1.55 | 4.81 | |||
| WEST | 2.23 | 0.07 | 0.03 | 0.20 | 2.36 | 4.99 | 23.60 |
Destiny Tech100 Corporate Executives
Elected by the shareholders, the Destiny Tech100's board of directors comprises two types of representatives: Destiny Tech100 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Destiny. The board's role is to monitor Destiny Tech100's management team and ensure that shareholders' interests are well served. Destiny Tech100's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Destiny Tech100's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Sattelmair | CFO Treasurer | Profile |