Doubleverify Holdings Correlations

DV
 Stock
  

USD 23.75  0.93  3.77%   

The correlation of Doubleverify Holdings is a statistical measure of how it moves in relation to other equities. 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.
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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 Holdings

0.67AEYEAudioeyePairCorr
0.68ALKTAlkami TechnologyPairCorr
0.7ALRMAlarmPairCorr
0.81AMSWAAmer SoftwarePairCorr
0.68ANSSAnsys IncPairCorr
0.71APIAgora Inc AdsPairCorr
0.85APPApplovin Corp ClPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
BACDIS
DISMSFT
BACMSFT
CATBAC
CATCVX
KOJNJ
  
High negative correlations   
MRKDIS
MRKBAC
MRKMSFT
CATMRK
CVXOMWS
CATOMWS

Doubleverify Holdings Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Doubleverify Holdings stock performing well and Doubleverify Holdings company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Doubleverify Holdings' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ACGI 0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00  0.00 
OMWS 14.58  3.44  0.16 (2.45)  11.68  0.14 (43.65)  53.85 (33.33)  143.71 
MSFT 1.93  0.03  0.00 (0.18)  0.00 (0.0227)  0.00  2.97 (4.24)  9.36 
DIS 1.72 (0.33)  0.00 (0.48)  0.00 (0.17)  0.00  3.29 (3.78)  8.79 
JNJ 0.96  0.10  0.17 (0.01)  1.08  0.16 (1.09)  2.23 (1.86)  5.89 
KO 1.08  0.18  0.13  0.05  1.75  0.15 (1.04)  2.14 (2.01)  10.05 
CVX 1.85 (0.02)  0.00 (0.21)  0.00 (0.0002)  0.00  3.06 (4.60)  10.25 
BAC 1.52 (0.25)  0.00 (0.43)  0.00 (0.13)  0.00  3.38 (3.49)  9.79 
MRK 1.07  0.29  0.33  0.38  0.99  0.27 (1.23)  2.16 (1.65)  7.61 
CAT 1.76 (0.15)  0.00 (0.34)  0.00 (0.07)  0.00  3.20 (4.35)  10.92 

Similar Equity Warning - DV

Doubleverify Holdings was forked

The entity Doubleverify Holdings with a symbol DV was recently forked. You can potentially use Adtalem Global Education with a symbol ATGE from now on.

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 CommitteeProfile
James Sabala - Independent DirectorProfile
William Burke - DirectorProfile
David Brown - Independent DirectorProfile

Investing Doubleverify Holdings

You need to understand the risk of investing before taking a position 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 Shape 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.
Continue to Investing Opportunities. Note that the Doubleverify Holdings information on this page should be used as a complementary analysis to other Doubleverify Holdings' 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Doubleverify Stock analysis

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 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.
Quarterly Earnings Growth YOY
-0.3
Market Capitalization
B
Quarterly Revenue Growth YOY
0.43
Return On Assets
0.0203
Return On Equity
0.0456
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 Doubleverify Holdings value 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.