Diguang Intl Correlations

DGNG Stock

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The correlation of Diguang Intl 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.

Diguang Intl Correlation With Market

Significant diversification

The correlation between Diguang Intl Dev and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diguang Intl Dev and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Diguang Intl could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diguang Intl when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Diguang Intl - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Diguang Intl Dev to buy it.

Moving together with Diguang Pink Sheet

0.65

TKCM

Token Communities

Pair Corr

Moving against Diguang Pink Sheet

0.66	CDIOW	Cardio Diagnostics	Pair Corr
0.65	MTLS	Materialise NV	Pair Corr
0.63	BSM	Black Stone Minerals	Pair Corr
0.63	IREN	IREN Earnings Call This Week	Pair Corr
0.54	RAPP	Rapport Therapeutics,	Pair Corr
0.53	PANW	Palo Alto Networks	Pair Corr
0.52	EXC	Exelon	Pair Corr
0.51	WMWWF	West Wits Mining	Pair Corr
0.49	QCOM	Qualcomm Incorporated	Pair Corr
0.48	CLNN	Clene Inc	Pair Corr
0.34	ACR-PC	ACRES Commercial Realty	Pair Corr
0.32	VSAT	ViaSat Inc Sell-off Trend	Pair Corr
0.72	SMDPY	Sumitomo Pharma	Pair Corr
0.68	ANNX	Annexon Trending	Pair Corr
0.6	AAPL	Apple Inc	Pair Corr
0.57	CORZ	Core Scientific, Common	Pair Corr
0.56	WTBFA	WTB Financial	Pair Corr
0.55	STAEY	Stanley Electric	Pair Corr
0.54	M	Macys Inc	Pair Corr
0.51	SRGZ	Star Gold Corp	Pair Corr
0.51	BKOR	Oak Ridge Financial	Pair Corr
0.5	DLTTF	Dalata Hotel Group	Pair Corr
0.48	MTSUY	Mitsubishi	Pair Corr
0.41	CDTX	Cidara Therapeutics Sell-off Trend	Pair Corr
0.4	PRWYF	Prodways Group SA	Pair Corr

Related Correlations Analysis

	EQTL	NVRVF	JUMT	DPLS	XELA	CLRI	NFTFF	TRSO	WRCDF	ABQQ
EQTL		0.06	0.0	0.1	0.08	-0.19	0.0	0.24	0.34	-0.12	EQTL
NVRVF	0.06		0.0	-0.44	-0.18	-0.18	0.0	0.34	0.42	-0.29	NVRVF
JUMT	0.0	0.0		0.0	0.0	0.0	-1.0	0.0	0.0	0.0	JUMT
DPLS	0.1	-0.44	0.0		0.0	0.38	0.0	-0.59	-0.32	0.26	DPLS
XELA	0.08	-0.18	0.0	0.0		-0.04	0.0	-0.22	-0.19	0.12	XELA
CLRI	-0.19	-0.18	0.0	0.38	-0.04		0.0	-0.27	-0.29	0.16	CLRI
NFTFF	0.0	0.0	-1.0	0.0	0.0	0.0		0.0	0.0	0.0	NFTFF
TRSO	0.24	0.34	0.0	-0.59	-0.22	-0.27	0.0		0.5	-0.55	TRSO
WRCDF	0.34	0.42	0.0	-0.32	-0.19	-0.29	0.0	0.5		-0.36	WRCDF
ABQQ	-0.12	-0.29	0.0	0.26	0.12	0.16	0.0	-0.55	-0.36		ABQQ
	EQTL	NVRVF	JUMT	DPLS	XELA	CLRI	NFTFF	TRSO	WRCDF	ABQQ

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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

WRCDF	+ 0.5	TRSO
WRCDF	+ 0.42	NVRVF
CLRI	+ 0.38	DPLS
WRCDF	+ 0.34	EQTL
TRSO	+ 0.34	NVRVF
ABQQ	+ 0.26	DPLS

High negative correlations

NFTFF	- 1.0	JUMT
TRSO	- 0.59	DPLS
ABQQ	- 0.55	TRSO
DPLS	- 0.44	NVRVF
ABQQ	- 0.36	WRCDF
WRCDF	- 0.32	DPLS

Risk-Adjusted Indicators

There is a big difference between Diguang Pink Sheet performing well and Diguang Intl 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 Diguang Intl'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
EQTL	2.31	0.16	0.00	0.16	0.00	0.00	7.83	0.00	61.48
NVRVF	3.33	(0.81)	0.00	0.79	0.00	0.00	10.52	(11.01)	39.19
JUMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPLS	593.90	316.30	13.46	(0.82)	12.45	(1,128)	50.00	(33.33)	19,933
XELA	408.14	221.92	3.53	2.38	58.10	(852.21)	2,450	(94.44)	3,995
CLRI	11.32	2.76	0.08	6.68	11.38	(49.48)	54.00	(32.21)	140.43
NFTFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRSO	28.41	6.50	0.16	(0.99)	25.80	(43.36)	66.67	(47.50)	371.56
WRCDF	435.19	232.38	0.00	(0.69)	0.00	0.00	0.00	(50.00)	9,998
ABQQ	27.61	8.08	0.18	(24.16)	19.30	(90.91)	100.00	(50.00)	233.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Diguang Intl without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Diguang Intl Corporate Management

Hua Wang	Sec	Profile
Huade Zuo	Ma Electronics	Profile
Rongguo Chen	Controller Electronics	Profile
Gangyi Luo	Gen Electronics	Profile
Zeng Qingjun	Principal Officer	Profile

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