DevvStream Corp Correlations

DEVS Stock

0.43 0.06 16.22%

The correlation of DevvStream Corp 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.

DevvStream Corp Correlation With Market

Weak diversification

The correlation between DevvStream Corp Common and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DevvStream Corp Common and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DevvStream Stock

0.61

EEFT

Euronet Worldwide

Pair Corr

Moving against DevvStream Stock

0.61	WFCF	Where Food Comes	Pair Corr
0.48	G	Genpact Limited	Pair Corr
0.47	MG	Mistras Group	Pair Corr

Related Correlations Analysis

	FHBC	CELH	PEP	FIZZ	SAM	FQVTF
FHBC		0.0	0.0	0.0	0.0	0.0	FHBC
CELH	0.0		0.11	0.3	-0.93	0.74	CELH
PEP	0.0	0.11		0.16	-0.05	0.11	PEP
FIZZ	0.0	0.3	0.16		-0.22	0.26	FIZZ
SAM	0.0	-0.93	-0.05	-0.22		-0.73	SAM
FQVTF	0.0	0.74	0.11	0.26	-0.73		FQVTF
	FHBC	CELH	PEP	FIZZ	SAM	FQVTF

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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

FQVTF	+ 0.74	CELH
FIZZ	+ 0.3	CELH
FQVTF	+ 0.26	FIZZ
FIZZ	+ 0.16	PEP
PEP	+ 0.11	CELH
FQVTF	+ 0.11	PEP

High negative correlations

SAM	- 0.93	CELH
FQVTF	- 0.73	SAM
SAM	- 0.22	FIZZ
SAM	- 0.05	PEP
FQVTF	- 0.0	FHBC
SAM	- 0.0	FHBC

Risk-Adjusted Indicators

There is a big difference between DevvStream Stock performing well and DevvStream Corp 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 DevvStream Corp'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
FHBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CELH	1.78	0.19	0.07	0.39	1.83	(2.11)	4.81	(3.09)	10.55
PEP	1.08	(0.09)	0.00	(0.03)	0.00	0.00	2.20	(1.93)	6.85
FIZZ	1.23	0.00	(0.03)	0.13	1.28	(1.40)	2.99	(2.27)	6.95
SAM	1.39	(0.44)	0.00	(0.54)	0.00	0.00	2.83	(3.00)	7.94
FQVTF	1.22	0.23	0.07	0.67	1.04	(2.28)	3.65	(2.50)	8.16

DevvStream Corp Corporate Management

Jonathan Miller	Chief Officer	Profile
David Goertz	Chief Officer	Profile
Bryan Went	Chief Officer	Profile
Erick Went	Chief Officer	Profile
Sunny Trinh	Chief Officer	Profile

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