ON24 Correlations
ONTF Stock | USD 4.71 0.25 5.04% |
The correlation of ON24 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.
ON24 Correlation With Market
Poor diversification
The correlation between ON24 Inc and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ON24 Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with ON24 Stock
0.77 | DJCO | Daily Journal Corp | PairCorr |
0.8 | BL | Blackline Earnings Call This Week | PairCorr |
0.81 | DT | Dynatrace Holdings LLC Earnings Call This Week | PairCorr |
0.63 | DUOT | Duos Technologies | PairCorr |
0.85 | VTEX | VTEX Earnings Call This Week | PairCorr |
Moving against ON24 Stock
0.51 | KC | Kingsoft Cloud Holdings | PairCorr |
0.53 | WFCF | Where Food Comes Earnings Call This Week | PairCorr |
0.35 | WBTN | WEBTOON Entertainment | PairCorr |
0.34 | WETO | Webus International | PairCorr |
0.33 | EPWK | EPWK Holdings | PairCorr |
0.32 | WALDW | Waldencast Acquisition | PairCorr |
0.5 | FRGT | Freight Technologies Earnings Call This Week | PairCorr |
0.46 | EXFY | Expensify Earnings Call This Week | PairCorr |
Related Correlations Analysis
0.61 | -0.29 | -0.17 | 0.43 | LAW | ||
0.61 | -0.43 | 0.06 | 0.86 | TIXT | ||
-0.29 | -0.43 | 0.44 | -0.28 | DSP | ||
-0.17 | 0.06 | 0.44 | 0.04 | VINP | ||
0.43 | 0.86 | -0.28 | 0.04 | SANA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ON24 Stock performing well and ON24 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 ON24'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LAW | 1.85 | 0.14 | 0.01 | (0.84) | 2.26 | 3.59 | 15.30 | |||
TIXT | 2.44 | 0.46 | 0.17 | 0.33 | 2.83 | 6.88 | 27.59 | |||
DSP | 2.68 | (0.22) | 0.00 | (0.03) | 0.00 | 4.92 | 14.97 | |||
VINP | 1.02 | (0.08) | 0.00 | (0.01) | 0.00 | 1.98 | 6.40 | |||
SANA | 4.98 | 1.27 | 0.32 | 0.77 | 3.67 | 12.50 | 34.30 |
ON24 Corporate Management
Mark Bornstein | VP Evangelist | Profile | |
Byron Bardy | Vice President - of Corporate Development and Strategic Alliances | Profile | |
Tessa Barron | Senior Marketing | Profile | |
William Weesner | Corporate Counsel | Profile | |
William JD | Corporate Counsel | Profile | |
Thomas Masotto | VP Devel | Profile |