Data IO Correlations

DAIO Stock  USD 3.24  0.06  1.89%   
The current 90-days correlation between Data IO and Deswell Industries is 0.06 (i.e., Significant 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

Good diversification

The correlation between Data IO and DJI is -0.19 (i.e., Good 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.
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

  0.92HPE Hewlett Packard EntePairCorr
  0.96JBL Jabil CircuitPairCorr
  0.88MTEK Maris TechPairCorr
  0.92NTAP NetApp IncPairCorr
  0.8PSTG Pure StoragePairCorr
  0.65REFR Research Frontiers Earnings Call This WeekPairCorr
  0.84SGMA SigmaTron InternationalPairCorr
  0.9SMCI Super Micro ComputerPairCorr
  0.96CSCO Cisco SystemsPairCorr
  0.94DELL Dell TechnologiesPairCorr
  0.77KD Kyndryl Holdings Earnings Call This WeekPairCorr
  0.91MU Micron TechnologyPairCorr
  0.77VECO Veeco InstrumentsPairCorr
  0.61ENTG Entegris Earnings Call This WeekPairCorr
  0.94AMD Advanced Micro DevicesPairCorr
  0.89IBM International BusinessPairCorr
  0.93TER Teradyne Earnings Call This WeekPairCorr
  0.97TSM Taiwan SemiconductorPairCorr
  0.88VNT Vontier Corp Earnings Call This WeekPairCorr
  0.85VPG Vishay PrecisionPairCorr
  0.69ZETA Zeta Global Holdings Earnings Call This WeekPairCorr
  0.73INTC IntelPairCorr

Moving against Data Stock

  0.67FCUV Focus UniversalPairCorr
  0.63FI Fiserv,PairCorr
  0.43IMTE Integrated Media Tec Tech BoostPairCorr
  0.63HTCR HeartCore EnterprisesPairCorr
  0.6INTA Intapp IncPairCorr
  0.6ONTO Onto InnovationPairCorr

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   
LINKDSWL
ELSEDSWL
FEIMDSWL
LINKELSE
SGMAFEIM
FEIMELSE
  
High negative correlations   
OSTLINK
SGMACSPI
FEIMCSPI
OSTDSWL
DSWLCSPI
OSTELSE

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.

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 HenneCorporate CFOProfile
Gerald NgCFO, VPProfile
Joel HatlenCFO, VP of Fin., Treasurer and SecretaryProfile
Rajeev GulatiCTO and VP of EngineeringProfile