Data IO Correlations

DAIO Stock

USD 3.33 0.10 2.92%

The current 90-days correlation between Data IO and Deswell Industries is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Data IO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Data IO moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Data IO Correlation With Market

Modest diversification

The correlation between Data IO and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data IO and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Data Stock

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

To learn how to invest in Data Stock, please use our How to Invest in Data IO guide.

Moving together with Data Stock

0.7	DSWL	Deswell Industries	Pair Corr
0.66	HPE	Hewlett Packard Ente	Pair Corr
0.62	VSH	Vishay Intertechnology	Pair Corr
0.66	LASR	nLIGHT Inc	Pair Corr
0.66	SMCI	Super Micro Computer Aggressive Push	Pair Corr
0.69	BKSY	Blacksky Technology	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.63	DELL	Dell Technologies	Pair Corr
0.68	DQ	Daqo New Energy Earnings Call This Week	Pair Corr
0.71	ON	ON Semiconductor Earnings Call This Week	Pair Corr
0.71	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.63	ARM	Arm Holdings plc Earnings Call This Week	Pair Corr
0.65	STM	STMicroelectronics NV ADR	Pair Corr
0.69	TER	Teradyne Earnings Call This Week	Pair Corr
0.69	TSM	Taiwan Semiconductor	Pair Corr

Moving against Data Stock

0.7	MPTI	M tron Industries, Tech Boost	Pair Corr
0.5	NNDM	Nano Dimension	Pair Corr
0.43	HPQ	HP Inc Sell-off Trend	Pair Corr
0.43	S	SentinelOne Tech Boost	Pair Corr
0.31	NSYS	Nortech Systems	Pair Corr
0.81	HUBS	HubSpot Earnings Call This Week	Pair Corr
0.56	CRM	Salesforce	Pair Corr

Related Correlations Analysis

	CSPI	DSWL	ELSE	FEIM	LINK	NSYS	OST	SGMA	SMIT
CSPI		-0.63	-0.51	-0.47	-0.37	0.05	0.14	-0.72	0.0	CSPI
DSWL	-0.63		0.77	0.52	0.71	-0.03	-0.63	0.43	0.0	DSWL
ELSE	-0.51	0.77		0.39	0.63	0.01	-0.5	0.36	0.0	ELSE
FEIM	-0.47	0.52	0.39		0.53	-0.59	-0.42	0.56	0.0	FEIM
LINK	-0.37	0.71	0.63	0.53		-0.16	-0.82	0.4	0.0	LINK
NSYS	0.05	-0.03	0.01	-0.59	-0.16		0.19	-0.03	0.0	NSYS
OST	0.14	-0.63	-0.5	-0.42	-0.82	0.19		-0.09	0.0	OST
SGMA	-0.72	0.43	0.36	0.56	0.4	-0.03	-0.09		0.0	SGMA
SMIT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SMIT
	CSPI	DSWL	ELSE	FEIM	LINK	NSYS	OST	SGMA	SMIT

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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

ELSE	+ 0.77	DSWL
LINK	+ 0.71	DSWL
LINK	+ 0.63	ELSE
SGMA	+ 0.56	FEIM
LINK	+ 0.53	FEIM
FEIM	+ 0.52	DSWL

High negative correlations

OST	- 0.82	LINK
SGMA	- 0.72	CSPI
OST	- 0.63	DSWL
DSWL	- 0.63	CSPI
NSYS	- 0.59	FEIM
ELSE	- 0.51	CSPI

Risk-Adjusted Indicators

There is a big difference between Data Stock performing well and Data IO 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 Data IO'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
CSPI	2.95	(0.49)	0.00	(0.93)	0.00	0.00	4.76	(5.49)	20.20
DSWL	1.82	0.61	0.19	(4.11)	1.42	(2.50)	5.24	(2.56)	13.01
ELSE	2.38	0.35	0.02	(1.47)	3.99	(2.62)	4.22	(3.57)	39.66
FEIM	3.50	1.01	0.13	(0.56)	3.93	(3.94)	8.15	(5.82)	27.35
LINK	4.73	0.49	0.03	(0.67)	6.07	(5.04)	10.78	(9.60)	38.63
NSYS	2.62	0.24	0.01	12.12	3.35	(2.94)	5.38	(5.61)	23.21
OST	8.63	(1.30)	0.00	3.79	0.00	0.00	15.38	(18.75)	119.32
SGMA	5.37	2.47	0.43	(2.56)	2.49	(9.61)	11.36	(4.76)	131.24
SMIT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Data IO Corporate Executives

Elected by the shareholders, the Data IO's board of directors comprises two types of representatives: Data IO inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Data. The board's role is to monitor Data IO's management team and ensure that shareholders' interests are well served. Data IO'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, Data IO's outside directors are responsible for providing unbiased perspectives on the board's policies.

Todd Henne	Corporate CFO	Profile
Gerald Ng	CFO, VP	Profile
Joel Hatlen	CFO, VP of Fin., Treasurer and Secretary	Profile
Rajeev Gulati	CTO and VP of Engineering	Profile

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