Dynatronics Correlations

DYNT Stock

USD 0.05 0 9.33%

The correlation of Dynatronics 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.

Dynatronics Correlation With Market

Modest diversification

The correlation between Dynatronics and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynatronics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dynatronics Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dynatronics. 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 Dynatronics Stock please use our How to Invest in Dynatronics guide.

Moving together with Dynatronics Stock

0.82	TRNR	Interactive Strength Earnings Call This Week	Pair Corr
0.89	WNC	Wabash National	Pair Corr
0.89	VZ	Verizon Communications	Pair Corr
0.72	BA	Boeing	Pair Corr
0.91	T	ATT Inc	Pair Corr

Moving against Dynatronics Stock

0.86	PATH	Uipath Inc	Pair Corr
0.78	UEC	Uranium Energy Corp	Pair Corr
0.69	PLG	Platinum Group Metals	Pair Corr
0.66	DD	Dupont De Nemours Earnings Call Tomorrow	Pair Corr
0.65	BK	Bank of New York	Pair Corr
0.52	DHR	Danaher	Pair Corr
0.51	GS	Goldman Sachs Group	Pair Corr
0.4	CGUD	Com GuardCom	Pair Corr
0.93	CAT	Caterpillar	Pair Corr
0.9	IBM	International Business	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.86	GE	GE Aerospace	Pair Corr
0.73	AXP	American Express	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.56	MMM	3M Company	Pair Corr
0.54	XOM	Exxon Mobil Corp	Pair Corr
0.52	MRK	Merck Company	Pair Corr
0.39	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	MDNWF	BITRF	VRTHF	IDYLF	GRCU	ITNS	VRSEF	BIEI	NEWUF	EVAHF
MDNWF		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MDNWF
BITRF	0.0		0.0	0.42	0.33	-0.47	-0.44	0.04	0.34	-0.42	BITRF
VRTHF	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VRTHF
IDYLF	0.0	0.42	0.0		0.33	0.29	-0.63	-0.26	-0.52	0.16	IDYLF
GRCU	0.0	0.33	0.0	0.33		0.0	-0.28	-0.03	0.0	-0.19	GRCU
ITNS	0.0	-0.47	0.0	0.29	0.0		-0.2	-0.3	-0.68	0.58	ITNS
VRSEF	0.0	-0.44	0.0	-0.63	-0.28	-0.2		0.53	0.21	0.13	VRSEF
BIEI	0.0	0.04	0.0	-0.26	-0.03	-0.3	0.53		0.26	-0.02	BIEI
NEWUF	0.0	0.34	0.0	-0.52	0.0	-0.68	0.21	0.26		-0.67	NEWUF
EVAHF	0.0	-0.42	0.0	0.16	-0.19	0.58	0.13	-0.02	-0.67		EVAHF
	MDNWF	BITRF	VRTHF	IDYLF	GRCU	ITNS	VRSEF	BIEI	NEWUF	EVAHF

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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

VRTHF	+ 1.0	MDNWF
EVAHF	+ 0.58	ITNS
BIEI	+ 0.53	VRSEF
IDYLF	+ 0.42	BITRF
NEWUF	+ 0.34	BITRF
GRCU	+ 0.33	BITRF

High negative correlations

NEWUF	- 0.68	ITNS
EVAHF	- 0.67	NEWUF
VRSEF	- 0.63	IDYLF
NEWUF	- 0.52	IDYLF
ITNS	- 0.47	BITRF
VRSEF	- 0.44	BITRF

Risk-Adjusted Indicators

There is a big difference between Dynatronics Stock performing well and Dynatronics 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 Dynatronics' 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
MDNWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BITRF	29.42	16.32	0.00	(0.34)	0.00	0.00	0.00	0.00	985.42
VRTHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IDYLF	4.56	1.77	0.00	0.40	0.00	0.00	0.00	0.00	152.69
GRCU	2.98	1.87	0.00	(0.38)	0.00	0.00	0.00	0.00	0.00
ITNS	7.38	0.85	0.04	0.28	9.22	(50.00)	33.33	(25.00)	91.67
VRSEF	14.97	5.35	0.00	(3.36)	0.00	0.00	0.00	(4.55)	432.55
BIEI	11.45	1.50	0.09	2.34	9.67	(28.55)	28.57	(16.67)	166.67
NEWUF	1.75	(0.75)	0.00	16.69	0.00	0.00	0.00	0.00	67.42
EVAHF	0.97	0.15	0.00	(0.34)	0.00	0.00	3.08	0.00	21.22

Dynatronics Corporate Management

Sarah RomeMealman	VP Marketing	Profile
Mike Withers	Chief Officer	Profile
Mark Crockett	Consultant	Profile
John Krier	President, CEO	Profile
Gabe Ellwein	Chief Officer	Profile
Ryan Staats	Chief Officer	Profile

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