Dow Correlations
| 2OY Stock | EUR 34.11 0.01 0.03% |
The current 90-days correlation between Dow Inc and UNITED RENTALS is 0.01 (i.e., Significant diversification). The correlation of Dow 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.
Dow Correlation With Market
Significant diversification
The correlation between Dow Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dow Inc and DJI in the same portfolio, assuming nothing else is changed.
Dow |
The ability to find closely correlated positions to Dow could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dow 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 Dow - 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 Dow Inc to buy it.
Moving together with Dow Stock
Moving against Dow Stock
| 0.72 | AIL | Air Liquide SA | PairCorr |
| 0.71 | AILA | AIR LIQUIDE ADR | PairCorr |
| 0.67 | BAS | BASF SE | PairCorr |
| 0.65 | BAS | BASF SE | PairCorr |
| 0.64 | BASA | BASF SE | PairCorr |
| 0.52 | BRYN | Berkshire Hathaway | PairCorr |
| 0.51 | BRH | Berkshire Hathaway | PairCorr |
| 0.5 | BRYN | Berkshire Hathaway | PairCorr |
| 0.34 | PKX | POSCO Holdings | PairCorr |
| 0.31 | 39EA | Ganfeng Lithium | PairCorr |
| 0.75 | DHL | Deutsche Post AG | PairCorr |
| 0.73 | DPU | DUNDEE PRECIOUS MET | PairCorr |
| 0.7 | DEZ | Deutz AG Earnings Call Tomorrow | PairCorr |
| 0.65 | DTEA | Deutsche Telekom | PairCorr |
| 0.59 | C6TB | CHINA BANK ADR20 Earnings Call This Week | PairCorr |
| 0.57 | 19YA | Yiren Digital Earnings Call Today | PairCorr |
| 0.54 | RPU | Republic Services | PairCorr |
| 0.52 | 54M | Motorcar Parts | PairCorr |
| 0.51 | 6CF | Collins Foods Limited | PairCorr |
| 0.51 | IZZ | TAL Education Group | PairCorr |
| 0.45 | KPN | Koninklijke KPN NV | PairCorr |
| 0.45 | IFX | Infineon Technologies | PairCorr |
| 0.42 | A0T | American Tower Corp | PairCorr |
| 0.38 | KGHA | KGHM Polska Miedz Earnings Call This Week | PairCorr |
| 0.32 | BOI7 | IMAGI INTL NEW | PairCorr |
| 0.75 | NOA3 | Nokia | PairCorr |
| 0.73 | 07M | China Modern Dairy | PairCorr |
| 0.72 | GG7 | GRIFFIN MINING LTD | PairCorr |
| 0.72 | 07M | CN MODERN DAIRY | 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 Dow Stock performing well and Dow 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 Dow'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 37H | 1.29 | 0.06 | 0.10 | (1.74) | 1.49 | 3.00 | 10.04 | |||
| LLC | 1.24 | (0.24) | 0.00 | (0.65) | 0.00 | 2.20 | 5.96 | |||
| 32A | 1.23 | 0.21 | 0.27 | (1.21) | 0.96 | 3.50 | 8.00 | |||
| UR3 | 1.70 | (0.49) | 0.00 | (1.42) | 0.00 | 2.58 | 10.67 | |||
| CIAH | 1.72 | 0.10 | 0.03 | 0.03 | 1.95 | 3.45 | 14.05 | |||
| FXL | 0.93 | 0.05 | 0.09 | 0.12 | 1.03 | 2.16 | 6.37 | |||
| ZCG | 1.69 | (0.22) | 0.00 | 9.26 | 0.00 | 3.53 | 12.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dow 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?
Run Portfolio Volatility Now
Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
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Dow Corporate Management
Elected by the shareholders, the Dow's board of directors comprises two types of representatives: Dow inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dow. The board's role is to monitor Dow's management team and ensure that shareholders' interests are well served. Dow's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dow's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Yohannes | Independent Director | Profile | |
| James Bell | Independent Director | Profile | |
| Samuel Allen | Independent Director | Profile | |
| Amy Wilson | General Counsel, Corporate Secretary | Profile |