Domo Correlations

DOMO Stock

USD 15.40 0.15 0.96%

The current 90-days correlation between Domo Inc and Daily Journal Corp is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Domo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Domo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Domo Correlation With Market

Modest diversification

The correlation between Domo Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Domo Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Domo Stock

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

Moving against Domo Stock

0.47	DV	DoubleVerify Holdings	Pair Corr
0.41	DUOL	Duolingo	Pair Corr
0.39	AMODW	Alpha Modus Holdings, Symbol Change	Pair Corr
0.33	AZ	A2Z Smart Technologies	Pair Corr
0.44	MRT	Marti Technologies	Pair Corr
0.38	DBD	Diebold Nixdorf,	Pair Corr

Related Correlations Analysis

	U	DJCO	AZ	BL	DT	DV	PD	QH	VS	WK
U		0.68	-0.73	-0.27	-0.67	-0.5	0.48	-0.63	-0.71	0.68	U
DJCO	0.68		-0.82	-0.26	-0.49	-0.31	0.67	-0.61	-0.81	0.68	DJCO
AZ	-0.73	-0.82		0.36	0.58	0.57	-0.75	0.78	0.85	-0.83	AZ
BL	-0.27	-0.26	0.36		0.81	0.17	-0.14	0.64	0.43	-0.42	BL
DT	-0.67	-0.49	0.58	0.81		0.4	-0.24	0.72	0.66	-0.63	DT
DV	-0.5	-0.31	0.57	0.17	0.4		-0.21	0.29	0.3	-0.55	DV
PD	0.48	0.67	-0.75	-0.14	-0.24	-0.21		-0.72	-0.71	0.62	PD
QH	-0.63	-0.61	0.78	0.64	0.72	0.29	-0.72		0.84	-0.74	QH
VS	-0.71	-0.81	0.85	0.43	0.66	0.3	-0.71	0.84		-0.76	VS
WK	0.68	0.68	-0.83	-0.42	-0.63	-0.55	0.62	-0.74	-0.76		WK
	U	DJCO	AZ	BL	DT	DV	PD	QH	VS	WK

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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

VS	+ 0.85	AZ
VS	+ 0.84	QH
DT	+ 0.81	BL
QH	+ 0.78	AZ
QH	+ 0.72	DT
DJCO	+ 0.68	U

High negative correlations

WK	- 0.83	AZ
AZ	- 0.82	DJCO
VS	- 0.81	DJCO
WK	- 0.76	VS
PD	- 0.75	AZ
WK	- 0.74	QH

Risk-Adjusted Indicators

There is a big difference between Domo Stock performing well and Domo 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 Domo'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
U	2.86	0.70	0.25	0.43	2.47	(3.64)	7.94	(5.26)	21.07
DJCO	2.09	0.03	0.03	0.07	3.13	(2.01)	5.79	(5.79)	15.34
AZ	2.54	(0.42)	0.00	(0.35)	0.00	0.00	5.05	(5.63)	14.80
BL	1.46	(0.25)	0.00	(0.12)	0.00	0.00	2.68	(3.80)	7.70
DT	1.42	(0.21)	0.00	(0.08)	0.00	0.00	2.98	(3.99)	10.66
DV	1.79	(0.51)	0.00	(0.25)	0.00	0.00	2.93	(5.76)	10.82
PD	2.00	(0.04)	0.02	0.04	2.07	(2.76)	5.89	(3.77)	11.27
QH	6.86	(1.22)	0.00	(0.58)	0.00	0.00	11.73	(13.56)	102.37
VS	2.88	(0.18)	0.00	(0.15)	0.00	0.00	4.90	(5.76)	15.42
WK	2.37	0.49	0.15	(0.83)	2.34	(2.68)	4.07	(4.09)	38.09

Domo Corporate Management

John Mellor	CEO Director	Profile
Madison McCord	Vice Resources	Profile
Alexis JD	Chief Officer	Profile
R Tracy	Chief Officer	Profile
Julie Kehoe	Chief Officer	Profile

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