Daily Journal Correlations

DJCO Stock  USD 347.98  5.98  1.75%   
The correlation of Daily Journal 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Daily Journal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Daily Journal Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Poor diversification

The correlation between Daily Journal Corp and NYA is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daily Journal Corp and NYA in the same portfolio, assuming nothing else is changed.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daily Journal Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
  
The ability to find closely correlated positions to Daily Journal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daily Journal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Daily Journal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Daily Journal Corp to buy it.

Moving together with Daily Stock

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Moving against Daily Stock

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Related Correlations Analysis

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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   
ISDRMLNK
ALKTISDR
ENVMODN
ETWOENFN
ISDRCCRD
ENVENFN
  
High negative correlations   
ENVISDR
ETWOMLNK
ISDRENFN
ENVMLNK
ENFNMLNK
HKITMLNK

Risk-Adjusted Indicators

There is a big difference between Daily Stock performing well and Daily Journal 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 Daily Journal'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AMSWA  1.31 (0.20) 0.00 (0.08) 0.00 
 2.39 
 17.12 
MLNK  1.35 (0.46) 0.00 (0.42) 0.00 
 2.08 
 18.02 
MODN  1.53  0.07  0.04  0.13  1.82 
 2.93 
 11.23 
CCRD  2.95  0.00  0.00  0.07  4.37 
 4.55 
 33.05 
ENFN  1.54  0.02  0.01  0.10  2.02 
 2.65 
 14.14 
ISDR  1.71 (0.45) 0.00 (1.12) 0.00 
 3.73 
 11.82 
ENV  1.66  0.27  0.16  0.23  1.68 
 3.62 
 11.69 
ETWO  2.23  0.12  0.03  0.23  2.67 
 4.96 
 13.23 
HKIT  11.92  2.63  0.31  0.76  8.18 
 22.54 
 244.04 
ALKT  1.53 (0.16) 0.00 (0.02) 0.00 
 3.10 
 9.72 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Daily Journal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Already Invested in Daily Journal Corp?

The danger of trading Daily Journal Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Daily Journal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Daily Journal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Daily Journal Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Daily Journal Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Daily Journal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Daily Journal Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Daily Journal Corp Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Daily Journal Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Daily Journal Corp information on this page should be used as a complementary analysis to other Daily Journal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Daily Journal's price analysis, check to measure Daily Journal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Daily Journal is operating at the current time. Most of Daily Journal's value examination focuses on studying past and present price action to predict the probability of Daily Journal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Daily Journal's price. Additionally, you may evaluate how the addition of Daily Journal to your portfolios can decrease your overall portfolio volatility.
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Is Daily Journal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Daily Journal. If investors know Daily will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Daily Journal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.29)
Earnings Share
11.8
Revenue Per Share
51.852
Quarterly Revenue Growth
0.3
Return On Assets
0.0179
The market value of Daily Journal Corp is measured differently than its book value, which is the value of Daily that is recorded on the company's balance sheet. Investors also form their own opinion of Daily Journal's value that differs from its market value or its book value, called intrinsic value, which is Daily Journal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Daily Journal's market value can be influenced by many factors that don't directly affect Daily Journal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Daily Journal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Daily Journal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Daily Journal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.