DBT SA Correlations
| ALDBT Stock | EUR 0.55 0.06 9.84% |
The current 90-days correlation between DBT SA and Biophytis SA is 0.01 (i.e., Significant diversification). The correlation of DBT SA 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. If the correlation is 0, the equities are not correlated; they are entirely random.
DBT SA Correlation With Market
Significant diversification
The correlation between DBT SA and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DBT SA and DJI in the same portfolio, assuming nothing else is changed.
DBT |
The ability to find closely correlated positions to DBT SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DBT SA 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 DBT SA - 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 DBT SA to buy it.
Moving together with DBT Stock
| 0.8 | BNP | BNP Paribas SA | PairCorr |
| 0.88 | EN | Bouygues SA | PairCorr |
| 0.67 | SAN | Sanofi SA | PairCorr |
| 0.66 | ALMOU | Moulinvest | PairCorr |
| 0.75 | ALSTW | Streamwide | PairCorr |
| 0.79 | ACA | Credit Agricole SA | PairCorr |
| 0.76 | ENGI | Engie SA | PairCorr |
| 0.89 | EXA | Exail Technologies Earnings Call This Week | PairCorr |
| 0.78 | CRLO | Caisse Regionale | PairCorr |
| 0.78 | CRI | Chargeurs SA | PairCorr |
| 0.81 | ORA | Orange SA | PairCorr |
| 0.83 | ALSOG | Sogeclair SA | PairCorr |
| 0.74 | PWG | Prodways Group SA | PairCorr |
| 0.79 | ALHF | HF Company SA | PairCorr |
| 0.74 | CS | AXA SA | PairCorr |
| 0.82 | ALBPK | Broadpeak SA | PairCorr |
| 0.65 | ML | Compagnie Generale des | PairCorr |
| 0.89 | ATO | Atos SE | PairCorr |
| 0.73 | HDF | Hydrogene De France | PairCorr |
Moving against DBT Stock
| 0.63 | AAA | Alan Allman Associates | PairCorr |
| 0.56 | CDI | Christian Dior SE | PairCorr |
| 0.44 | MC | LVMH Mot Hennessy | PairCorr |
| 0.36 | IAM | Itissalat Al Maghrib | PairCorr |
Related Correlations Analysis
| -0.15 | 0.02 | 0.37 | 0.38 | ALBPS | ||
| -0.15 | -0.04 | 0.23 | -0.02 | ALDRV | ||
| 0.02 | -0.04 | 0.43 | 0.61 | ALNOV | ||
| 0.37 | 0.23 | 0.43 | 0.92 | ALEUP | ||
| 0.38 | -0.02 | 0.61 | 0.92 | ALNEV | ||
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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 DBT Stock performing well and DBT SA 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 DBT SA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALBPS | 3.05 | (0.10) | 0.00 | 0.03 | 0.00 | 6.90 | 46.49 | |||
| ALDRV | 7.16 | 1.55 | 0.25 | (1.52) | 5.26 | 19.57 | 86.62 | |||
| ALNOV | 2.38 | (0.13) | 0.00 | 0.23 | 0.00 | 6.56 | 17.41 | |||
| ALEUP | 9.44 | (0.92) | 0.00 | 1.93 | 0.00 | 26.73 | 97.84 | |||
| ALNEV | 8.41 | (4.39) | 0.00 | 61.39 | 0.00 | 15.07 | 50.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in DBT SA 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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