DoubleVerify Holdings Correlations

DV Stock

USD 11.03 0.21 1.94%

The correlation of DoubleVerify Holdings 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.

DoubleVerify Holdings Correlation With Market

Weak diversification

The correlation between DoubleVerify Holdings and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DoubleVerify Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DoubleVerify Stock

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

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

Moving together with DoubleVerify Stock

0.74	VFSWW	VinFast Auto	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.67	BA	Boeing	Pair Corr
0.73	PG	Procter Gamble	Pair Corr

Moving against DoubleVerify Stock

0.73	JNJ	Johnson Johnson	Pair Corr
0.68	IBM	International Business	Pair Corr
0.67	DD	Dupont De Nemours	Pair Corr
0.64	KO	Coca Cola	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr
0.54	AA	Alcoa Corp	Pair Corr
0.52	EC	Ecopetrol SA ADR	Pair Corr
0.5	PFE	Pfizer Inc	Pair Corr
0.48	XOM	Exxon Mobil Corp	Pair Corr
0.46	VFS	VinFast Auto	Pair Corr
0.46	AXP	American Express	Pair Corr
0.43	TLK	Telkom Indonesia Tbk	Pair Corr
0.42	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	PRGS	CXM	PLUS	IE	ADEA	PRCH	JAMF	EVTC	LSPD	VECO
PRGS		0.41	-0.5	0.54	0.61	0.36	-0.61	0.13	0.11	0.25	PRGS
CXM	0.41		-0.58	-0.02	0.58	0.62	-0.43	0.54	0.35	0.17	CXM
PLUS	-0.5	-0.58		0.01	-0.81	-0.84	0.71	-0.52	-0.14	0.18	PLUS
IE	0.54	-0.02	0.01		0.05	-0.31	-0.01	-0.51	-0.25	0.3	IE
ADEA	0.61	0.58	-0.81	0.05		0.86	-0.79	0.61	0.33	0.14	ADEA
PRCH	0.36	0.62	-0.84	-0.31	0.86		-0.77	0.78	0.26	-0.08	PRCH
JAMF	-0.61	-0.43	0.71	-0.01	-0.79	-0.77		-0.7	-0.01	0.05	JAMF
EVTC	0.13	0.54	-0.52	-0.51	0.61	0.78	-0.7		0.1	-0.04	EVTC
LSPD	0.11	0.35	-0.14	-0.25	0.33	0.26	-0.01	0.1		0.12	LSPD
VECO	0.25	0.17	0.18	0.3	0.14	-0.08	0.05	-0.04	0.12		VECO
	PRGS	CXM	PLUS	IE	ADEA	PRCH	JAMF	EVTC	LSPD	VECO

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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

PRCH	+ 0.86	ADEA
EVTC	+ 0.78	PRCH
JAMF	+ 0.71	PLUS
PRCH	+ 0.62	CXM
ADEA	+ 0.61	PRGS
EVTC	+ 0.61	ADEA

High negative correlations

PRCH	- 0.84	PLUS
ADEA	- 0.81	PLUS
JAMF	- 0.79	ADEA
JAMF	- 0.77	PRCH
EVTC	- 0.7	JAMF
JAMF	- 0.61	PRGS

Risk-Adjusted Indicators

There is a big difference between DoubleVerify Stock performing well and DoubleVerify Holdings 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 DoubleVerify Holdings' 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
PRGS	1.58	0.01	(0.02)	0.08	2.27	(1.53)	3.10	(3.43)	12.09
CXM	1.12	(0.04)	(0.02)	0.03	1.37	(1.27)	2.60	(2.46)	6.04
PLUS	1.61	0.28	0.21	0.25	1.27	(2.08)	3.49	(2.52)	18.70
IE	4.24	0.82	0.21	0.34	4.03	(4.83)	10.42	(5.91)	22.90
ADEA	2.13	(0.34)	0.00	(0.09)	0.00	0.00	4.18	(4.94)	21.72
PRCH	2.65	(0.92)	0.00	(0.35)	0.00	0.00	4.27	(4.71)	42.64
JAMF	1.55	0.44	0.18	0.85	1.39	(1.67)	4.23	(3.36)	15.40
EVTC	1.46	(0.32)	0.00	(0.25)	0.00	0.00	2.62	(3.14)	9.13
LSPD	2.05	(0.06)	(0.01)	0.02	2.85	(1.92)	3.03	(4.61)	21.17
VECO	1.96	0.32	0.15	0.24	1.99	(2.13)	4.53	(4.08)	14.47

DoubleVerify Holdings Corporate Management

James Cashmore	VP Partnerships	Profile
Nisim Tal	Chief Officer	Profile
Tejal Engman	Senior Relations	Profile
Dan Slivjanovski	Chief Officer	Profile
Andrew Grimmig	Chief Legal Officer	Profile

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