Digimarc Correlations

DMRC Stock

USD 12.48 1.26 9.17%

The current 90-days correlation between Digimarc and MediaAlpha is 0.21 (i.e., Modest diversification). The correlation of Digimarc 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.

Digimarc Correlation With Market

Very weak diversification

The correlation between Digimarc and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digimarc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Digimarc Stock

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

For information on how to trade Digimarc Stock refer to our How to Trade Digimarc Stock guide.

Moving together with Digimarc Stock

0.69	DJCO	Daily Journal Corp Earnings Call This Week	Pair Corr
0.85	BL	Blackline	Pair Corr
0.88	DT	Dynatrace Holdings LLC	Pair Corr
0.94	DV	DoubleVerify Holdings	Pair Corr
0.63	PD	Pagerduty	Pair Corr
0.76	WK	Workiva	Pair Corr
0.88	ZM	Zoom Video Communications Sell-off Trend	Pair Corr
0.78	DOCU	DocuSign	Pair Corr
0.89	VERX	Vertex	Pair Corr
0.66	VERB	Verb Technology Earnings Call Tomorrow	Pair Corr
0.87	DSGX	Descartes Systems	Pair Corr
0.9	VMEO	Vimeo Inc	Pair Corr
0.87	VTEX	VTEX	Pair Corr
0.88	EGAN	eGain Earnings Call Today	Pair Corr
0.89	EGHT	8x8 Common Stock	Pair Corr
0.94	ELWS	Earlyworks Co,	Pair Corr
0.72	WDAY	Workday	Pair Corr
0.81	ESTC	Elastic NV	Pair Corr
0.91	ETWO	E2open Parent Holdings	Pair Corr
0.73	EXFY	Expensify	Pair Corr
0.91	ANY	Sphere 3D Corp Earnings Call This Week	Pair Corr
0.74	API	Agora Inc	Pair Corr
0.83	APP	Applovin Corp	Pair Corr
0.95	BMR	Beamr Imaging	Pair Corr
0.83	BSY	Bentley Systems Sell-off Trend	Pair Corr
0.93	CRM	Salesforce	Pair Corr
0.61	CXM	Sprinklr	Pair Corr

Moving against Digimarc Stock

0.4	VCSA	Vacasa Inc	Pair Corr
0.36	QH	Quhuo	Pair Corr

Related Correlations Analysis

	MAX	MAR	DAL	PERI	HBCP	PG	SGMA	MCD	COLL	PFE
MAX		0.83	0.84	0.61	0.7	0.06	0.86	-0.47	0.75	0.61	MAX
MAR	0.83		0.96	0.49	0.61	0.41	0.84	-0.47	0.7	0.75	MAR
DAL	0.84	0.96		0.5	0.62	0.37	0.82	-0.56	0.69	0.71	DAL
PERI	0.61	0.49	0.5		0.82	-0.12	0.63	-0.13	0.31	0.18	PERI
HBCP	0.7	0.61	0.62	0.82		-0.17	0.78	-0.16	0.34	0.31	HBCP
PG	0.06	0.41	0.37	-0.12	-0.17		0.07	-0.01	0.4	0.57	PG
SGMA	0.86	0.84	0.82	0.63	0.78	0.07		-0.33	0.65	0.57	SGMA
MCD	-0.47	-0.47	-0.56	-0.13	-0.16	-0.01	-0.33		-0.5	-0.39	MCD
COLL	0.75	0.7	0.69	0.31	0.34	0.4	0.65	-0.5		0.83	COLL
PFE	0.61	0.75	0.71	0.18	0.31	0.57	0.57	-0.39	0.83		PFE
	MAX	MAR	DAL	PERI	HBCP	PG	SGMA	MCD	COLL	PFE

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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

DAL	+ 0.96	MAR
SGMA	+ 0.86	MAX
DAL	+ 0.84	MAX
SGMA	+ 0.84	MAR
MAR	+ 0.83	MAX
PFE	+ 0.83	COLL

High negative correlations

MCD	- 0.56	DAL
COLL	- 0.5	MCD
MCD	- 0.47	MAR
MCD	- 0.47	MAX
PFE	- 0.39	MCD
MCD	- 0.33	SGMA

Risk-Adjusted Indicators

There is a big difference between Digimarc Stock performing well and Digimarc 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 Digimarc'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
MAX	3.14	0.03	0.00	(0.10)	0.00	0.00	6.96	(6.61)	25.45
MAR	1.80	(0.24)	0.00	3.21	0.00	0.00	3.01	(4.47)	15.03
DAL	2.91	(0.24)	0.00	(0.23)	0.00	0.00	4.51	(6.43)	34.47
PERI	2.28	0.21	0.06	0.10	3.38	(2.46)	4.90	(4.44)	17.30
HBCP	1.49	0.12	0.07	0.02	1.90	(1.66)	3.58	(3.26)	12.59
PG	1.13	(0.01)	0.00	(0.17)	0.00	0.00	2.05	(2.74)	7.30
SGMA	3.64	0.15	0.00	(0.03)	0.00	0.00	11.36	(7.38)	27.25
MCD	1.10	0.20	0.18	0.43	1.42	(1.19)	2.17	(2.08)	10.50
COLL	1.75	(0.16)	0.00	(0.37)	0.00	0.00	3.47	(3.35)	11.87
PFE	1.35	(0.14)	0.00	(0.36)	0.00	0.00	2.22	(3.49)	7.64

Digimarc Corporate Management

Niall Murphy	Exec Officer	Profile
Ken Sickles	Executive Officer	Profile
Jill SPHR	Executive Officer	Profile
Carle Quinn	Executive Officer	Profile

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