Correlation
The correlation between SKYT and DOGE-USD is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SKYT vs. DOGE-USD
Compare and contrast key facts about SkyWater Technology, Inc. (SKYT) and Dogecoin (DOGE-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SKYT or DOGE-USD.
Performance
SKYT vs. DOGE-USD - Performance Comparison
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Key characteristics
SKYT:
0.19
DOGE-USD:
0.21
SKYT:
1.01
DOGE-USD:
2.18
SKYT:
1.12
DOGE-USD:
1.22
SKYT:
0.14
DOGE-USD:
0.91
SKYT:
0.38
DOGE-USD:
3.40
SKYT:
31.38%
DOGE-USD:
41.43%
SKYT:
97.32%
DOGE-USD:
82.71%
SKYT:
-86.72%
DOGE-USD:
-95.27%
SKYT:
-73.68%
DOGE-USD:
-71.75%
Returns By Period
In the year-to-date period, SKYT achieves a -34.49% return, which is significantly higher than DOGE-USD's -38.72% return.
SKYT
-34.49%
24.18%
13.85%
19.58%
10.67%
N/A
N/A
DOGE-USD
-38.72%
7.01%
-54.16%
21.55%
31.09%
137.60%
103.37%
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Risk-Adjusted Performance
SKYT vs. DOGE-USD — Risk-Adjusted Performance Rank
SKYT
DOGE-USD
SKYT vs. DOGE-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWater Technology, Inc. (SKYT) and Dogecoin (DOGE-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
SKYT vs. DOGE-USD - Drawdown Comparison
The maximum SKYT drawdown since its inception was -86.72%, smaller than the maximum DOGE-USD drawdown of -95.27%. Use the drawdown chart below to compare losses from any high point for SKYT and DOGE-USD.
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Volatility
SKYT vs. DOGE-USD - Volatility Comparison
The current volatility for SkyWater Technology, Inc. (SKYT) is 17.69%, while Dogecoin (DOGE-USD) has a volatility of 33.23%. This indicates that SKYT experiences smaller price fluctuations and is considered to be less risky than DOGE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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