DoubleVerify Holdings Correlations
| DV Stock | USD 30.03 0.14 0.46% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DoubleVerify Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DoubleVerify Holdings 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.
Modest diversification
The correlation between DoubleVerify Holdings and NYA is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DoubleVerify Holdings and NYA in the same portfolio, assuming nothing else is changed.
DoubleVerify |
The ability to find closely correlated positions to DoubleVerify Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DoubleVerify Holdings 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 DoubleVerify Holdings - 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 DoubleVerify Holdings to buy it.
Moving together with DoubleVerify Stock
| 0.91 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.71 | DT | Dynatrace Holdings LLC Sell-off Trend | PairCorr |
| 0.96 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
| 0.77 | WK | Workiva Financial Report 7th of May 2024 | PairCorr |
| 0.64 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
| 0.77 | VCSA | Vacasa Inc Financial Report 14th of May 2024 | PairCorr |
Moving against DoubleVerify Stock
| 0.88 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
| 0.8 | DUOL | Duolingo Financial Report 14th of May 2024 | PairCorr |
| 0.74 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.67 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.6 | BL | Blackline Financial Report 2nd of May 2024 | PairCorr |
| 0.58 | DJCO | Daily Journal Corp | PairCorr |
| 0.54 | DSGX | Descartes Systems Financial Report 29th of May 2024 | PairCorr |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BL | 1.96 | (0.03) | (0.02) | (0.01) | 2.44 | 4.47 | 17.72 | |||
| MANH | 1.10 | 0.04 | 0.01 | 0.17 | 1.17 | 2.78 | 11.60 | |||
| AZPN | 1.48 | (0.06) | 0.00 | (0.05) | 0.00 | 3.01 | 12.53 | |||
| ANSS | 0.94 | (0.06) | 0.00 | (1.19) | 0.00 | 2.15 | 7.00 | |||
| MODN | 1.54 | 0.12 | 0.04 | 0.58 | 1.86 | 2.93 | 11.23 | |||
| LAW | 2.41 | 0.05 | (0.01) | (0.02) | 3.61 | 4.74 | 15.95 | |||
| GWRE | 1.05 | (0.11) | 0.00 | (0.46) | 0.00 | 1.79 | 6.55 | |||
| ENFN | 1.54 | 0.10 | 0.02 | 1.63 | 2.02 | 2.65 | 14.14 | |||
| EXFY | 4.47 | (0.19) | 0.00 | (1.08) | 0.00 | 9.09 | 28.84 | |||
| CWAN | 1.52 | (0.20) | 0.00 | 74.17 | 0.00 | 2.46 | 14.00 |
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Our tools can tell you how much better you can do entering a position in DoubleVerify Holdings 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.Did you try this?
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DoubleVerify Holdings Corporate Directors
DoubleVerify Holdings corporate directors refer to members of a DoubleVerify Holdings board of directors. The board of directors generally takes responsibility for the DoubleVerify Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of DoubleVerify Holdings' board members must vote for the resolution. The DoubleVerify Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ronald Taylor | Co-Founder, Director and Member of Academic Committee | Profile | |
| James Sabala | Independent Director | Profile | |
| William Burke | Director | Profile | |
| David Brown | Independent Director | Profile |
Already Invested in DoubleVerify Holdings?
The danger of trading DoubleVerify Holdings 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 DoubleVerify Holdings 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 DoubleVerify Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DoubleVerify Holdings 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 DoubleVerify Holdings is a strong investment it is important to analyze DoubleVerify Holdings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DoubleVerify Holdings' future performance. For an informed investment choice regarding DoubleVerify Stock, refer to the following important reports: 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 tightly coupled with the direction of predictive economic indicators such as signals in real. For more information on how to buy DoubleVerify Stock please use our How to Invest in DoubleVerify Holdings guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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When running DoubleVerify Holdings' price analysis, check to measure DoubleVerify Holdings' 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 DoubleVerify Holdings is operating at the current time. Most of DoubleVerify Holdings' value examination focuses on studying past and present price action to predict the probability of DoubleVerify Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DoubleVerify Holdings' price. Additionally, you may evaluate how the addition of DoubleVerify Holdings to your portfolios can decrease your overall portfolio volatility.
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Is DoubleVerify Holdings' 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 DoubleVerify Holdings. If investors know DoubleVerify 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 DoubleVerify Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of DoubleVerify Holdings is measured differently than its book value, which is the value of DoubleVerify that is recorded on the company's balance sheet. Investors also form their own opinion of DoubleVerify Holdings' value that differs from its market value or its book value, called intrinsic value, which is DoubleVerify Holdings' 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 DoubleVerify Holdings' market value can be influenced by many factors that don't directly affect DoubleVerify Holdings' 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 DoubleVerify Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DoubleVerify Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DoubleVerify Holdings' 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.