Digimarc Correlations

DMRC Stock  USD 26.24  0.97  3.84%   
The current 90-days correlation between Digimarc and The Hackett Group is 0.34 (i.e., Weak diversification). The correlation of Digimarc 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.

Digimarc Correlation With Market

Weak diversification

The correlation between Digimarc and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digimarc and DJI 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 Digimarc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Digimarc Stock refer to our How to Trade Digimarc Stock guide.

Moving together with Digimarc Stock

  0.8DTST Data Storage CorpPairCorr
  0.64VNET VNET Group DRCPairCorr
  0.61VYX NCR Voyix Symbol ChangePairCorr
  0.74WNS WNS Holdings Earnings Call This WeekPairCorr
  0.85WYY Widepoint CPairCorr
  0.9IBEX IBEX Fiscal Year End 11th of September 2024 PairCorr
  0.61INOD InnodataPairCorr
  0.73NABL N Able IncPairCorr

Moving against Digimarc Stock

  0.75AUR Aurora Innovation Buyout TrendPairCorr
  0.72UIS UnisysPairCorr
  0.43DXC DXC TechnologyPairCorr
  0.37GMM Global Mofy MetaversePairCorr
  0.31EPAM EPAM SystemsPairCorr
  0.31CTM CastellumPairCorr
  0.52MGIC Magic Software EnterPairCorr
  0.49AUROW Aurora InnovationPairCorr
  0.38NYAX NayaxPairCorr

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   
CSPIHCKT
PRFTTASK
GTASK
GPRFT
GWNS
FORTYASGN
  
High negative correlations   
TASKHCKT
NABLASGN
PRFTHCKT
TASKCSPI
NABLFORTY
PRFTASGN

Risk-Adjusted Indicators

There is a big difference between Digimarc Stock performing well and Digimarc 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 Digimarc'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.

Digimarc Corporate Management

Jill SPHRExecutive OfficerProfile
Niall MurphyExec OfficerProfile
Thomas BentonExecutive OfficerProfile
Jennah JevningVice MarketingProfile
Mignon MBAVP CommunicationsProfile