Data Storage Correlations

DTST Stock

USD 4.68 0.38 7.51%

The current 90-days correlation between Data Storage Corp and Widepoint C is -0.05 (i.e., Good diversification). The correlation of Data Storage 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.

Data Storage Correlation With Market

Average diversification

The correlation between Data Storage Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Data Storage Corp and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Data Stock please use our How to Invest in Data Storage guide.

Moving together with Data Stock

0.64	VNET	VNET Group DRC	Pair Corr
0.78	GLE	Global Engine Group	Pair Corr

Moving against Data Stock

0.48	IT	Gartner	Pair Corr
0.43	GIB	CGI Inc Earnings Call This Week	Pair Corr
0.34	FI	Fiserv,	Pair Corr
0.32	DXC	DXC Technology	Pair Corr
0.51	HCKT	Hackett Group	Pair Corr
0.44	LVROW	Lavoro Limited Warrant	Pair Corr
0.34	LZMH	LZ Technology Holdings	Pair Corr

Related Correlations Analysis

	WYY	CTM	SLNH	HWNI	CUEN	DBGI	IPM	VRPX	RCAT
WYY		-0.35	0.3	0.29	0.0	0.0	-0.45	0.41	-0.35	WYY
CTM	-0.35		-0.15	-0.71	0.0	0.0	0.37	-0.76	0.88	CTM
SLNH	0.3	-0.15		0.09	0.0	0.0	-0.38	0.14	-0.23	SLNH
HWNI	0.29	-0.71	0.09		0.0	0.0	-0.14	0.97	-0.72	HWNI
CUEN	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CUEN
DBGI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	DBGI
IPM	-0.45	0.37	-0.38	-0.14	0.0	0.0		-0.19	0.41	IPM
VRPX	0.41	-0.76	0.14	0.97	0.0	0.0	-0.19		-0.77	VRPX
RCAT	-0.35	0.88	-0.23	-0.72	0.0	0.0	0.41	-0.77		RCAT
	WYY	CTM	SLNH	HWNI	CUEN	DBGI	IPM	VRPX	RCAT

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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

VRPX	+ 0.97	HWNI
RCAT	+ 0.88	CTM
VRPX	+ 0.41	WYY
RCAT	+ 0.41	IPM
IPM	+ 0.37	CTM
SLNH	+ 0.3	WYY

High negative correlations

RCAT	- 0.77	VRPX
VRPX	- 0.76	CTM
RCAT	- 0.72	HWNI
HWNI	- 0.71	CTM
IPM	- 0.45	WYY
IPM	- 0.38	SLNH

Risk-Adjusted Indicators

There is a big difference between Data Stock performing well and Data Storage 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 Data Storage'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
WYY	4.18	0.19	0.02	0.47	5.81	(4.39)	8.96	(8.59)	41.83
CTM	4.09	0.44	0.10	0.52	4.33	(5.07)	9.45	(7.14)	29.24
SLNH	6.46	(0.09)	0.00	(0.17)	0.00	0.00	15.71	(10.94)	72.65
HWNI	11.19	(0.90)	0.00	0.46	0.00	0.00	34.29	(36.17)	76.36
CUEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DBGI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPM	2.94	0.37	0.00	(0.20)	4.00	(3.33)	6.54	(6.73)	27.19
VRPX	6.51	(4.32)	0.00	30.41	0.00	0.00	7.91	(17.20)	78.40
RCAT	5.50	0.87	0.18	0.60	5.64	(6.94)	16.45	(7.70)	42.91

Data Storage Corporate Management

Chuck Paolillo	Chief Officer	Profile
Colin Freeman	Managing Europe	Profile
Kristi Cates	Director Marketing	Profile
Mark Wyllie	Ex VP	Profile
Chris Panagiotakos	Chief Officer	Profile

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