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.
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

  0.7DSWL Deswell IndustriesPairCorr
  0.66HPE Hewlett Packard EntePairCorr
  0.62VSH Vishay IntertechnologyPairCorr
  0.66LASR nLIGHT IncPairCorr
  0.66SMCI Super Micro Computer Aggressive PushPairCorr
  0.69BKSY Blacksky TechnologyPairCorr
  0.63CSCO Cisco SystemsPairCorr
  0.63DELL Dell TechnologiesPairCorr
  0.68DQ Daqo New Energy Earnings Call This WeekPairCorr
  0.71ON ON Semiconductor Earnings Call This WeekPairCorr
  0.71AMD Advanced Micro Devices Aggressive PushPairCorr
  0.63ARM Arm Holdings plc Earnings Call This WeekPairCorr
  0.65STM STMicroelectronics NV ADRPairCorr
  0.69TER Teradyne Earnings Call This WeekPairCorr
  0.69TSM Taiwan SemiconductorPairCorr

Moving against Data Stock

  0.7MPTI M tron Industries, Tech BoostPairCorr
  0.5NNDM Nano DimensionPairCorr
  0.43HPQ HP Inc Sell-off TrendPairCorr
  0.43S SentinelOne Tech BoostPairCorr
  0.31NSYS Nortech SystemsPairCorr
  0.81HUBS HubSpot Earnings Call This WeekPairCorr
  0.56CRM SalesforcePairCorr

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   
ELSEDSWL
LINKDSWL
LINKELSE
SGMAFEIM
LINKFEIM
FEIMDSWL
  
High negative correlations   
OSTLINK
SGMACSPI
OSTDSWL
DSWLCSPI
NSYSFEIM
ELSECSPI

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