Correlation Analysis Between Gartner and Digimarc

This module allows you to analyze existing cross correlation between Gartner and Digimarc Corporation. You can compare the effects of market volatilities on Gartner and Digimarc and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Gartner with a short position of Digimarc. See also your portfolio center. Please also check ongoing floating volatility patterns of Gartner and Digimarc.
Horizon     30 Days    Login   to change
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Comparative Performance


Risk-Adjusted Performance

Over the last 30 days Gartner has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Gartner is not utilizing all of its potentials. The current stock price uproar, may contribute to short-term losses for the leadership.

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Digimarc Corporation are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days. Despite somewhat uncertain basic indicators, Digimarc sustained solid returns over the last few months and may actually be approaching a breakup point.

Gartner and Digimarc Volatility Contrast

Gartner Inc  vs.  Digimarc Corp.

 Performance (%) 

Pair Volatility

If you would invest  2,800  in Digimarc Corporation on May 18, 2019 and sell it today you would earn a total of  2,260  from holding Digimarc Corporation or generate 80.71% return on investment over 30 days.

Pair Corralation between Gartner and Digimarc

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Gartner and Digimarc

Gartner Inc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Gartner Inc and Digimarc Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Digimarc and Gartner is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Gartner are associated (or correlated) with Digimarc. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Digimarc has no effect on the direction of Gartner i.e. Gartner and Digimarc go up and down completely randomly.
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