Direct Line Correlations

Stocks . Germany . 
Stock . Direct Line Insurance
D1LN Stock  EUR 3.37  0.01  0.30%   
The current 90-days correlation between Direct Line Insurance and National Health Investors is 0.23 (i.e., Modest diversification). The correlation of Direct Line 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.

Direct Line Correlation With Market

Average diversification

The correlation between Direct Line Insurance and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Direct Line Insurance and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Direct Line could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Direct Line 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 Direct Line - 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 Direct Line Insurance to buy it.

Moving together with Direct Stock

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Moving against Direct Stock

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  0.411OD IA FINANCIAL PPairCorr
  0.35TTO TTL Beteiligungs undPairCorr
  0.35T9V TASTY PLC LSPairCorr

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   
CFH
+ 0.53
CLH
6CF
+ 0.36
WX6
7XE
+ 0.35
NI6
CLH
+ 0.32
CG5
6E5
+ 0.32
NI6
NI6
+ 0.19
WX6
  
High negative correlations   
NI6
- 0.49
6CF
CG5
- 0.43
WX6
CLH
- 0.4
NI6
6E5
- 0.4
6CF
CFH
- 0.33
7XE
6E5
- 0.32
CLH

Risk-Adjusted Indicators

There is a big difference between Direct Stock performing well and Direct Line 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 Direct Line'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Direct Line 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.

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Direct Line Corporate Management

Elected by the shareholders, the Direct Line's board of directors comprises two types of representatives: Direct Line inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Direct. The board's role is to monitor Direct Line's management team and ensure that shareholders' interests are well served. Direct Line'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, Direct Line's outside directors are responsible for providing unbiased perspectives on the board's policies.
Paul SmithInvestor DirectorProfile
Neil ManserCFO DirectorProfile
Jessie BurrowsService SalesProfile
Ash JokhooChief OfficerProfile
Humphrey TomlinsonGeneral CounselProfile
Victoria WallisChief OfficerProfile
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