DevvStream Corp Correlations

DEVS Stock

1.47 0.02 1.34%

The current 90-days correlation between DevvStream Corp Common and Iveda Solutions is 0.13 (i.e., Average diversification). 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

Good diversification

The correlation between DevvStream Corp Common and DJI is -0.04 (i.e., Good 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.

Build AI portfolio with DevvStream Stock

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 unemployment.

Moving together with DevvStream Stock

0.79	0E1Y	Chargeurs	Pair Corr
0.72	BV	BrightView Holdings	Pair Corr
0.86	0MPL	SGL Carbon SE	Pair Corr
0.64	WM	Waste Management Sell-off Trend	Pair Corr
0.79	0K7V	News Corp Cl	Pair Corr
0.67	0JXF	Protector Forsikring ASA	Pair Corr
0.7	0QVK	COFACE	Pair Corr
0.87	0I0J	Clorox	Pair Corr
0.7	NRL	Nupur Recyclers	Pair Corr
0.79	0RFX	Bell Food Group	Pair Corr
0.67	0QNT	Implenia AG	Pair Corr
0.74	0L9E	Stanley Black Decker	Pair Corr
0.78	0RJ4	Uniper SE	Pair Corr

Moving against DevvStream Stock

0.83	0J4G	Helmerich Payne	Pair Corr
0.82	0HAH	Fortum Oyj	Pair Corr
0.8	0JVV	Lumentum Holdings	Pair Corr
0.79	0G9R	PowerCell Sweden	Pair Corr
0.76	0FQ8	Pharol SGPS SA	Pair Corr
0.72	0EWD	Interpump Group SpA	Pair Corr
0.65	0HRZ	Cabot Oil Gas	Pair Corr
0.65	0RJI	Anheuser Busch Inbev	Pair Corr
0.63	0QWA	Logista	Pair Corr
0.61	0GWB	Lundbergforetagen AB Earnings Call This Week	Pair Corr
0.57	000826	Tus Sound Environmental	Pair Corr
0.54	003027	Tongxing Environmental	Pair Corr
0.45	0K87	NiSource	Pair Corr
0.37	0NV5	UPM Kymmene Oyj	Pair Corr
0.83	0LEF	Teradyne	Pair Corr
0.64	0E6Y	11 AG	Pair Corr
0.47	0GZV	Getinge AB ser	Pair Corr
0.47	0KII	SSAB AB ser	Pair Corr

Related Correlations Analysis

	IVDA	AEHL	SKK	GLXG	GVH	CDTG	FGL	JCSE	OP	ASTC
IVDA		0.8	0.8	0.66	0.28	0.53	0.57	-0.08	0.14	0.89	IVDA
AEHL	0.8		0.76	0.59	0.21	0.61	0.46	0.07	-0.15	0.82	AEHL
SKK	0.8	0.76		0.66	0.09	0.57	0.66	-0.25	0.05	0.83	SKK
GLXG	0.66	0.59	0.66		0.27	0.74	0.63	-0.07	-0.13	0.66	GLXG
GVH	0.28	0.21	0.09	0.27		0.24	-0.17	0.36	0.19	0.13	GVH
CDTG	0.53	0.61	0.57	0.74	0.24		0.45	0.15	-0.35	0.6	CDTG
FGL	0.57	0.46	0.66	0.63	-0.17	0.45		-0.66	0.09	0.65	FGL
JCSE	-0.08	0.07	-0.25	-0.07	0.36	0.15	-0.66		-0.36	-0.13	JCSE
OP	0.14	-0.15	0.05	-0.13	0.19	-0.35	0.09	-0.36		-0.05	OP
ASTC	0.89	0.82	0.83	0.66	0.13	0.6	0.65	-0.13	-0.05		ASTC
	IVDA	AEHL	SKK	GLXG	GVH	CDTG	FGL	JCSE	OP	ASTC

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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

ASTC	+ 0.89	IVDA
ASTC	+ 0.83	SKK
ASTC	+ 0.82	AEHL
AEHL	+ 0.8	IVDA
SKK	+ 0.8	IVDA
SKK	+ 0.76	AEHL

High negative correlations

JCSE	- 0.66	FGL
OP	- 0.36	JCSE
OP	- 0.35	CDTG
JCSE	- 0.25	SKK
FGL	- 0.17	GVH
OP	- 0.15	AEHL

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
IVDA	5.31	(0.61)	0.00	(0.09)	0.00	0.00	11.67	(10.60)	67.69
AEHL	6.56	(1.20)	0.00	(1.37)	0.00	0.00	15.97	(13.67)	39.94
SKK	3.22	(0.44)	0.00	(0.20)	0.00	0.00	7.32	(7.14)	29.17
GLXG	5.28	(0.64)	0.00	(0.28)	0.00	0.00	12.55	(12.98)	44.48
GVH	3.76	(0.04)	0.00	(0.56)	0.00	0.00	8.49	(6.97)	55.11
CDTG	6.65	0.00	0.00	0.04	7.29	(10.51)	11.90	(15.45)	110.97
FGL	6.81	(1.23)	0.00	(0.78)	0.00	0.00	17.14	(15.56)	47.87
JCSE	3.49	0.46	0.09	(0.98)	4.04	(4.43)	7.96	(6.67)	42.57
OP	6.10	(0.56)	0.00	(0.18)	0.00	0.00	10.24	(19.70)	52.42
ASTC	3.51	(0.84)	0.00	(0.27)	0.00	0.00	5.19	(6.59)	36.79

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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