Trump Media Correlations

DJT Stock

24.12 3.55 17.26%

The current 90-days correlation between Trump Media Technology and Alvotech is 0.14 (i.e., Average diversification). The correlation of Trump Media 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.

Trump Media Correlation With Market

Significant diversification

The correlation between Trump Media Technology and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trump Media Technology 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 Trump Media Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Trump Stock

0.67	DOYU	DouYu International	Pair Corr
0.8	FENG	Phoenix New Media	Pair Corr
0.99	DJTWW	Trump Media Technology Symbol Change	Pair Corr
0.89	MNY	MoneyHero Limited Class	Pair Corr
0.67	SLE	Super League Enterprise	Pair Corr
0.74	TME	Tencent Music Entert	Pair Corr
0.83	FAZEW	FaZe Holdings	Pair Corr
0.65	GIFT	RDE, Inc Symbol Change	Pair Corr
0.73	GOOG	Alphabet Class C	Pair Corr
0.71	YELP	Yelp Inc	Pair Corr
0.7	GROM	Grom Social Enterprises Earnings Call Today	Pair Corr
0.91	MNYWW	MoneyHero Limited	Pair Corr
0.62	ZDGE	Zedge Inc	Pair Corr
0.83	SEATW	Vivid Seats Warrant	Pair Corr
0.83	KIND	Nextdoor Holdings	Pair Corr
0.64	KRKR	36Kr Holdings	Pair Corr

Moving against Trump Stock

0.85	MAX	MediaAlpha	Pair Corr
0.74	Z	Zillow Group Class	Pair Corr
0.7	YY	YY Inc Class	Pair Corr
0.51	IAC	IAC Inc	Pair Corr
0.38	ZH	Zhihu Inc ADR	Pair Corr
0.85	GENI	Genius Sports	Pair Corr
0.72	META	Meta Platforms	Pair Corr
0.64	MTCH	Match Group	Pair Corr
0.47	LCFY	Locafy	Pair Corr
0.36	JFIN	Jiayin Group	Pair Corr

Related Correlations Analysis

	ALVO	HRI	GTY	PFLT	HDSN	TRTN-PC	CFRLF	SNDA
ALVO		0.35	-0.22	0.26	0.11	0.14	-0.1	-0.16	ALVO
HRI	0.35		0.47	0.55	0.21	0.47	0.53	-0.3	HRI
GTY	-0.22	0.47		0.25	-0.24	0.63	0.61	-0.54	GTY
PFLT	0.26	0.55	0.25		0.12	0.76	0.65	-0.41	PFLT
HDSN	0.11	0.21	-0.24	0.12		-0.19	-0.39	0.67	HDSN
TRTN-PC	0.14	0.47	0.63	0.76	-0.19		0.74	-0.67	TRTN-PC
CFRLF	-0.1	0.53	0.61	0.65	-0.39	0.74		-0.74	CFRLF
SNDA	-0.16	-0.3	-0.54	-0.41	0.67	-0.67	-0.74		SNDA
	ALVO	HRI	GTY	PFLT	HDSN	TRTN-PC	CFRLF	SNDA

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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

TRTN-PC	+ 0.76	PFLT
CFRLF	+ 0.74	TRTN-PC
SNDA	+ 0.67	HDSN
CFRLF	+ 0.65	PFLT
TRTN-PC	+ 0.63	GTY
CFRLF	+ 0.61	GTY

High negative correlations

SNDA	- 0.74	CFRLF
SNDA	- 0.67	TRTN-PC
SNDA	- 0.54	GTY
SNDA	- 0.41	PFLT
CFRLF	- 0.39	HDSN
SNDA	- 0.3	HRI

Risk-Adjusted Indicators

There is a big difference between Trump Stock performing well and Trump Media 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 Trump Media'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
ALVO	1.41	0.01	0.01	0.10	1.50	(1.72)	2.93	(2.67)	12.19
HRI	2.16	0.22	0.11	0.20	2.37	(2.22)	6.47	(4.95)	14.40
GTY	0.91	0.17	0.09	0.54	0.97	(1.08)	2.30	(1.60)	8.12
PFLT	0.68	(0.05)	(0.07)	0.00	1.19	(0.66)	1.36	(1.78)	5.65
HDSN	1.97	(0.23)	0.00	(0.07)	0.00	0.00	5.17	(3.83)	11.83
TRTN-PC	0.43	0.00	(0.07)	0.09	0.78	(0.38)	0.77	(0.84)	3.10
CFRLF	1.22	0.71	0.00	(0.64)	0.00	0.00	0.00	0.00	36.67
SNDA	2.53	(0.44)	0.00	(0.18)	0.00	0.00	4.88	(6.61)	23.58

Trump Media Corporate Management

Scott Glabe	General Secretary	Profile
Katherine Chiles	Chief Officer	Profile
Sandro Moraes	Chief Officer	Profile
Vladimir Novachki	Chief Officer	Profile
Andrew Northwall	Chief Officer	Profile

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