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 0.07 (i.e., Significant 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
Good diversification
The correlation between Data Storage Corp and DJI is -0.16 (i.e., Good 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.
Moving together with Data Stock
Moving against Data Stock
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| 0.46 | GIB | CGI Inc Earnings Call This Week | PairCorr |
| 0.44 | DXC | DXC Technology | PairCorr |
| 0.32 | GDYN | Grid Dynamics Holdings Earnings Call This Week | PairCorr |
| 0.53 | HCKT | Hackett Group | PairCorr |
| 0.37 | LZMH | LZ Technology Holdings | PairCorr |
| 0.36 | CYCUW | Cycurion, Warrant Symbol Change | PairCorr |
| 0.33 | VEEAW | Veea Inc Symbol Change | PairCorr |
| 0.33 | LVROW | Lavoro Limited Warrant | PairCorr |
| 0.31 | ARBB | ARB IOT Group | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | 4.09 | 0.04 | (0.03) | (0.12) | 5.93 | 8.96 | 41.83 | |||
| CTM | 4.10 | 0.59 | 0.07 | (5.92) | 4.34 | 9.45 | 29.24 | |||
| SLNH | 6.14 | (0.67) | 0.00 | (0.07) | 0.00 | 15.71 | 72.65 | |||
| HWNI | 10.88 | (2.43) | 0.00 | (0.32) | 0.00 | 34.29 | 76.36 | |||
| CUEN | 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 | |||
| IPM | 2.71 | 0.17 | 0.00 | 0.85 | 3.63 | 6.54 | 27.19 | |||
| VRPX | 6.51 | (4.32) | 0.00 | 30.41 | 0.00 | 7.91 | 78.40 | |||
| RCAT | 5.59 | 1.48 | 0.16 | (0.98) | 5.72 | 16.45 | 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 |